Member Info for pete5711

The next profit warning will kill this off so trade carefully!

and Woodford's devious moves to circumnavigate the FCA's meaning of hitting 10% unquoted stock targets via Guernsey and being open to investors in the WEIF promotional aims will not help his reputation now.
What else is going on now to rescue the situation 'for investors' could be after protecting his interests first?

Late and vacuumous, it's in the Portfolio Manager's hands?

The cross contamination may well effect the values of most of the 90 odd companies in here so it could be a long decline. Woodford's credibility is being dented by HIS decisions and the lack of support by past and present investors and press.

Time will tell, alarm bells started for myself when his transparent fee structure was not and had to amend. He is making a fortune from failures and he is not alone.

It may well turn out to be a ridiculous NAV value, really.
I like the Money Podcast today where Neil Woodford and Sir Phillip Greens photo's were side by side. Spot any differences!

The Trust Board and Woodford are one and the NAV is no good guide to the real position of the 'investment' values.
Some will be well overvalued from the transfer from WIEF.
Sold out of the WIEF and IP a couple of years ago and bought investments he did not fancy, like oil, and had no regrets. Now I have sold all WPCT even though I liked the concept, but there is no trust at all and this could be another financial mess.
Where is the proactive financial regulation.

Good to see Meta is on the case.
I am tempted to buy/sell but this looks like IRV without many assets, the contract book looks low margin and there is talk seeping out about another profit warning, so beware!

The Div growth may just be flattening after that, it was not clarified at the results presentation but the question about divesting Viridor was, could be before and out of reach of any Govt move?

The hit to income from Interserve EFW contract is now estimated at £16M and could be up to £72M if Interserve cannot/fights the full claim? Await final results on 30th May to see the latest hit.

I calculated £300M back in 2017 for the EFW liabilities and the BOD and EY must have been aware, the reports from IRV were just about half of this.
I hope the FCA has some teeth and shareholders at the time are compensated - but I guess the result will be ziltch, another smudge-over!

This is one Co that could have litigation issues and from the past so no surprise to myself that this could fold to mitigate the exposure, hearing some issues from employees.
Why the deep analysis of a dysfunctional business - this is pure gambling with Sharks involved.

Clarification, it is IRV who owe Viridor tens of millions from the EFW fiasco

While there's still a risk of administration here and near zero trust in the reporting from the BOD, I am keeping out. Also sold my shares at a high in Pennon who maybe exposed in the non payment to Viridor of tens of millions.
Await 12th March at least.

What happened with the Interserve senior managers at KMI who were moved to EFW projects - bonuses?

Dunbar ERF successfully taken over from BWV to contribute to earnings for 2019 and beyond

All parties signed up for this obviously and it is usual on capital intensive power/process plants.
Up to ten year warranties to cover structural latent defects can also apply.
There are of course liability limits but IRV are exposed for many years with any JV partners.

Yes, a takeover yesterday and will go into the 2 year plus 1 year warranty period. good news but still exposed.

They have not been taken over, still in commissioning and there are two years of LD's exposure during this warranty period following successful takeover. I am working on these!

and she and the BOD were likely to be aware of the EFW scope. Shambolic, needs investigating.