Bad initial choices7 Oct 2019 12:21
The main trouble with WPCT was that Woodford was in a rush to get, the over subscribed initial offering, invested. Basically it was like giving a 10 year old £100 million to spend wisely, you just know they're going to come back with a magic bean. That was what IH was, a magic bean, then Woodford needed to pretend the bean was growing. I'd like to think he convinced himself there was value in IH, if so he was just deluded. As to the other beans some will undoutedly hold value others just long term drains. I think until a new management team take over and completely prunes the dead wood, excuse the pun, this is going nowhere except down. Bite the bullet I did at 60p and didn't regret that decision. At some point in the future there might be a possibility of recovering some losses, good luck to any holders you're braver than I was.