Do we not need to see a close above $1340. The recent move looks very much like a spike which could come down as quickly as it went up. Did you keep any CEY ?
He had an investment strategy which worked really well until it didn't. If you looked at Odeys funds he was down Billions at one point, but this year they are doing really well.
Woodford will try and hang on until the bitter end, then another fund will buy the his whole fund at a nice discount. There is much more liquidity in Barratt and Imperial Tobacco was the point I was making.
Are Civil Engineers known to be good with strategy, debt, credit markets and winning contracts then ? Perhaps I'm missing something. Is Richard Branson a Pilot or train driver ?
Woodford has a lot more equity value in stocks like Barratt and Imperial Tobacco he has also lost far less, logically he will cut those first. If you think about it hes only got approx £48 million in here and his stake is too high to be able to offload in such a bombed out share !
Perhaps you could sumise the issues that caused the 2 year over run with the A30 and how you would have approached it better ? Would you rather the Chinese build our roads bridges and buildings ?