Member Info for DD77

I agree, good news. I don't think Invesco will go the same way, but any reduced exposure is certainly a good thing.

As expected/predicted.

As you say, the question is will they reduce further?

I heard that rumour too but it seems odd that they only took a chunk. I thought the whole lot was in the hands of the administrators Link Solutions?

Very disappointing RNS in my view. I just don’t see light at the end of the tunnel. I know you have to be patient with Pharmas but this has gone from over £1 share to nearly 10p and losses are increasing

So effectively Woodford is not out this share yet................Link Fund Solutions have taken over the ownership/fire sale and have his 13.36% holding. Expect a bit of volatility yet until that is cleared. It will be interesting to see how they go about disposing of it.

So an RNS that Woodford's holding is down from 33.18% to 13.20%. Interesting...........I wonder who has picked these up

Quite. He still has a lot of shares to shift but it’s positive that Woodford is down to 15%. We could do with some other ii’s picking up tranches of his holding

Another good RNS with year end profit expected to be 20% higher than expectations and we only see a 5% rise in SP. So disappointing this SP performance. I’m not sure what more can be done.

It will interesting to see the level of debt and $ exposure in the next results, as I’ve always felt this was holding this back somewhat

Good to see a positive RNS and movement for once. They bought this farm for $2.3m so a significant gain.

As someone who invested in this at 49p originally and continued to average down to about 12p, I need a lot to even break even. I still believe in this company, hence i'm still holding but it's frustrating

What are people’s thoughts on the half year results?

For me, they were pretty much in line with expectations, if not slightly better so I was surprised to see the SP drop so much yesterday. I think the troubles have brought a renewed focus to the board, to focus on cost control and return on NAV so that’s positive. One thing that did peak my interest from the results, was the following statement on principal risks, which I found surprising and encouraging

The Group reviewed its operational, strategic and principal risk registers in the period including considering the risks posed by WIM's current difficulties, noting their potential impact from a reputational and shareholder perspective and concluded that it did not currently result in any significant changes in the nature of the Group's principal risks.

What’s going on today? The appointment of 2 directors and the SP drops 16%

I’d much rather steady and sustained incremental rises in the SP. If we can sustain 4-4.5p by the end of the week, that would be a great result

Backwoodsman, my personal view is it's another buyer............could be random PI's but the precise nature of buys suggests it might be the former.

I don't think it's Rupert. He's built up a round 5% holding and I think we would have seen a holding announcement by now if it was him.............the others were pretty prompt. I think he is happy with the 5%.

Not sure if we'll hit 4p this week, I think the share is rangebound of 3.2-3.5p. Will need a bit of impetus to get up there

I don’t think it is Rupert, no

If you think 18k is a big buyer, then that must make me one. And I am certainly not.

Yes so 5 of them combined would be a big buy, not 1

Totally agree Bidnolid. £18k is a very small purchase, not sure why anyone would think it was him at that level. It’ll just be a PI

Good to see the rampers have found somewhere else to play today

The elephant in the room is still Woodford. It’s likely he’s going to sell and the board need to find some other ii’s. Woodford has just sold out of ETX and today ITX which has severely dampened their SP, although there has been a bit of a bounce when he’s gone

It was a rather strange RNS in my view. An update and some vague plans about a fund raise. Perhaps they were hoping to ease some concerns, particularly with the Woodford grey cloud. No details on what the share placing would be - it sounds like they were testing the waters to see if any ii's wanted a bite, rather than do an open market placing...............