Member Info for Spikeyj

GS 18th June: "I just wish I was richer and could buy more than I have, because this is loking increasingly like a bargain long term hold." GS 6th July: "I an not a technical investor but it seems to behave in line with its charts. So heart in mouth I sold on 4th June and have seen the sp slide steadily since then. So much for a long term hold. It is a good business and I will be back in but not until some sanity has returned here." GS 6th July: "Amazing one person can be so schizophrenic..." yes indeed. incomprehensible, or incredible.

reset my mousetraps by a few pennies down.

thanks for this.

bounce back

timothy, you aren't syriza communications minister are you, by any chance?

labyrnthine, but lacking twine.

a thimbleful. small mousetraps set in the 40s

lovely level for addition. greece perhaps doing me a favour, tho' even 4000 not looking fully secure.

added. v good news.

although in the short term, lord alone knows.

.

the figures come from woodford.

is there some news leaking re the VAT issue? -- or perhaps just good price action from a chunky buy yet to show after hours? i like this share, but it's hard to get visibility on the s/t moves.

np, only recently spotted it myself.

addicknt, just click here for (unaudited) NAV updates, they do keep updating this. http://www.hl.co.uk/shares/shares-search-results/w/woodford-patient-capital-trust-ord-gbp0.01/share-news

a more plausible NAV premium follows from shake & profit take.

no apologies needed at all, no prob. happy to hear all relevant opinion etc. i too expect that in medium term premium will come down to that kind of level. short term, seems fairly well supported presumably partly from trackers legging into it, and from black rock soaking up a chunk. will be interesting to see if other holdings RNS over next month or two. gl.

sorry about the odd symbols, "A−B" should just read, "A-B"

hi ghia, note that the aims of the fund are expressed in terms of the NAV, not in terms of the share price per se. (or at least, the performance fee for the management team is based on NAV, not share price.) - so although sp way more than 10% over launch, NAV is not. "Performance fee Woodford Investment Management will receive a performance fee equal to 15% of any excess returns over a 10% hurdle rate per annum, subject to a high watermark. The performance fee will be calculated on the following basis: PF=((A−B)×C)×15% Where: PF is the performance fee A is the adjusted NAV per share B is the higher of (i) the high watermark NAV per share (ii) the hurdle C is the time weighted average number of shares in issue If A−B is a negative number, it shall be taken to equal zero. The performance fee will be paid in newly-issued shares save for an amount payable in cash to contribute towards associated tax liabilities." taken from https://woodfordfunds.com/our-funds/wpct/fees/

still pretty poor, little sign of action/change. ho hum.