Schroder Uk Pub Share Price (SUPP)

I've just seen the NAV is 52p!
Hah, that's just laughable and I don't know how they've got the nerve to put that up.

So the NAV is down another 4% and the fund is going to quarterly reporting.

All part of the plan and anyone who buys this is a total mug.
Just my opinion :-)

I totally agree, sbhedges.
As "itstoast" says, this is toast!
It'll be played around with, but it's only going one way long term, imo.
No doubt Schroders made good money selling the good bits off and that'll cover the losses on the rubbish.
All in my opinion and good luck to those of you who still hold.

I don't hold wpct /supp but I am a holder of woodfords major fund weif now lf equity income - unfortunately.
I would view with extreme scepticism the daily navs for supp being published, in view of the fact that after the weif fund was re opened it was quoted at 60p and holders got a big markdown based on the 70 percent that was sold comprising the good/liquid part of the fund.
as soon as the payment was made the remaining 30 percent comprising the illiquid holdings was then re valued at 20p - this part of the fund is still gated and link are only giving navs weekly or so due to the difficulties in valuing such unsaleable stocks. No time frame has been given to when this bad portfolio will be sold off but I don't expect it to be soon give the good stocks took 7 months to be sold.
Given that wpct / supp is presumably almost all of the illiquid / **** stuff that woodford bought, I would draw my own conclusion as to the published navs. I would also say that the weif fund was valued at over 80p and on settlement day came down to 60p, and you got a proportion of that as representing the good fund at a rate depending if you held acc or income units, so I wouldn't even take the 20p price as gospel.
These figures show on my hl holding of weif - as you can't trade this sock you won't see this elsewhere, but I figured supp investors may be interested. as usual IMHO and dyor.

If thats a clear buy goodness knows what a sell would be.
Looks like after the initial (IM unwarranted) optimism, reality is setting in as the NAV continues its relentless decline.
Either the NAV is correct in which case why hasn't some big city firm just taken it over and asset stripped it, or Shroders just sold off parts to get the 52p, whereas its actually at least double and maybe triple what its really worth and you'd still do best to get out. Good luck anyone holding this.
is IH still being valued at > 0 ? If so that speaks volumes for the quality of the rest of the valuations
All those who held on in teh high 30's and were crowing are probably wondering why they didnt sell