Miton Stake26 Feb 2021 13:54
Nick Greenwood from Miton Global has taken a stake and sees upside after debt pile has beed reduced
see below from his Jan 31st commentary
"We started a holding in Schroder UK Public and Private Equity. This was once the Woodford Patient Capital Trust which had moved over to Schroders. We originally avoided this trust as the levels of debt were high, however, with the sale of their underlying holding Kymab to Sanofi for a premium the team were able to pay down a portion of the gearing, de-risking the portfolio and giving them more flexibility to make follow-on investments. We also met with the new management team and were reassured by their breadth of experience and the oversight which the trust now has."