Totally agree to sell out with the gain as a change of management and gloss will not change the underlying overvalued NAV's in there. I will wait for another fall and see what the fund is actually composed of with re evaluations.
NAV creeping down and re valuations are not frequent, some may be months old so it's a share price sub 30 soon and then 20. I was considering a bet to buy when they are lower though if the NAV is realistic.
he may well have to go in hiding, people do not like losing money to a crook, that's what's transpiring with worthless stocks. If there's anything left here it will be the banks and they cannot be impressed with the WPCT BOD's to manage any further.
There is serious risk that this is worthless now and this site appears to be in denial. The NAV will continue to decline as re evaluations/prices materialise and there's the likely result that the WPCT lenders will take this over. There's an investment analysis that the true NAV is 3p only! DYOR. Is it worth bringing a WPCT Investor group legal action against WIM for frigging the WPCT NAV's last year - if there's anything left to claim!?
Not far down the line we even see some litigation against Woodford and forced stock sales to repay the rising debt - there is no upside here. I wonder what the Regulator is sitting on that no doubt will emerge in the years to come with all financial scams.
Maybe all three funds should be wound up as early as possible because the damage from any Woodford brand effect I doubt can be reclaimed for many years even with improved returns. Pure speculation to anyone that is still interested in/invested here, but most people like rouges don't they.
Well Eve Sleep who NW got into bed with making mattresses has gone from £13 to 3p and he has a 1/3 stake - there are also de listings in process so they can't be valued at all! More downhill to come, he really has little competence without a team to regulate him.
The problem is that the NAV is not a true reflection and is being adjusted by Link reacting after events. A current pro active valuation would probably be too much of a shock and we may well see a gradual decline in the NAV as Link see fit. I got out with a 30% loss and won't be rejoining this one with or without Woodford.
NG initial denials regarding their responsibility in Fridays power cuts could well lead to large compensations - it is clearly for NG to provide sufficient contracted spinning reserve and emergency generation from the UK and abroad to back up frequency falls with such a small loss of generation. The management of the current UK system is a fraction of the high power fluctuations from our previous high energy industrial base.
read the comprehensive ADVFN platform threads and do not take notice of this NAV compilation, undeclared devaluations in the pipeline. The whole Woodford trust and fund involvement looks a massive looming scandal. I moved from his funds over the last two years thankfully and invested much in the areas he was avoiding. I was looking to buy back in WPCT but even in a new manager the foundations and investments need renewing, beyond repairs IMO.
and he sold 3 weeks ago, he could have sold more by now but there is a large delay in information - simply he is not to be trusted just by delaying any RNS. So who did he sell to and is he running rings around the Board?