RE: Woodford Equity Income Fund to be shut15 Oct 2019 10:54
Me too It seems logical the shares would fall heavily if the overhang has to be cleared quickly 15% is a big chunk and slightly more than I planned to buy :-;
Yes a small reduction by looks of it but as the supermarket slogan goes “every little helps”
I am left wondering if there’s any good news on 7/11 he’ll sell against any buyers to maximise his return holding the SP in check over the short term but I reiterate my stance as a holder for the longer term as just can’t trust myself to get my timing right were I to try to trade this stock!
Q3 trading update and capital markets day happening on 7/11 the latter usually involving an announcement or strategy update I believe this may include an update on the FCA investigation of Moneybarn but I don’t know how anyone could know the outcome of that given as far as I know the information isn’t in the public domain
It’s probably a bit soon to breakout the champagne as a lot of shares were up today on some sort of Brexit euphoria that could easily shatter a bit like the on off trade deal between China and USA If Woodford is forced to liquidate all his holding that’s going to give the market indigestion
I also remember the SP hitting 420 + then sliding so I’m reiterating my stance to hold on for 7/11 with fingers crossed
Think the SP fall was reaction to market shock in US as I also hold STJ in financial sector which is a much stronger company in terms of market cap and it fell sharply to below £9 for first time in ages and is recovering slowly but I know what you mean as it doesn’t take much negativity to knock a company in this sector that’s had shall we say a chequered past!
Yes damn the Dow Jones I bought at 405 recently never thinking I’d get the chance at 375 again but I’m in enough now and it’s batten down the hatches waiting for 7 Nov
I think the financial sector is struggling today due to Trump impeachment threat and Brexit uncertainty following SC verdict as my STJ also down 2% and have been falling steadily over past few sessions