WPCT.L - Woodford Patient Capital Trust plc

LSE - LSE Delayed price. Currency in GBp
34.94
-2.71 (-7.18%)
As of 8:29AM BST. Market open.
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Previous close37.65
Open36.00
Bid34.10 x 0
Ask34.95 x 0
Day's range33.59 - 36.00
52-week range0.64 - 91.00
Volume1,169,055
Avg. volume504,552
Market cap317.524M
Beta (3Y monthly)N/A
PE ratio (TTM)5.55
EPS (TTM)N/A
Earnings date5 Apr 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Reuters - UK Focus

    UPDATE 1-Neil Woodford's flagship Equity Income Fund to be shut down

    Embattled money manager Neil Woodford's suspended LF Woodford Equity Income Fund is to be wound up, the fund's authorised corporate director Link Fund Solutions (LFS) said on Tuesday. Woodford, one of Britain's most high-profile fund managers, had his flagship 4.3 billion pounds ($5.4 billion) fund suspended from trading in June after an increase in demand from clients to take their money back. At the heart of Woodford's troubles was the scale of his holdings in unlisted or illiquid assets, which are hard to sell quickly and which have become a focal point for the British regulator's ire in subsequent weeks.

  • Neil Woodford’s WPCT share price falls further. Time to boot him out?
    Fool.co.uk

    Neil Woodford’s WPCT share price falls further. Time to boot him out?

    With a discount of 44% now, is the WPCT share price one to snap up, or one to avoid?

  • Should I buy the Woodford Patient Capital Trust share price today?
    Fool.co.uk

    Should I buy the Woodford Patient Capital Trust share price today?

    G A Chester looks at today's results from Neil Woodford's namesake investment trust, and gives his view on its current valuation and prospects.

  • Trust considering replacing Neil Woodford as stockpicker
    Yahoo Finance UK

    Trust considering replacing Neil Woodford as stockpicker

    Woodford Patient Capital Investment Trust said that it continues to 'evaluate the position' of the famed stockpicker.

  • Reuters

    Woodford listed fund seeks to invest more in unquoted stocks

    Woodford Patient Capital Trust (WPCT) wants to boost investment in unlisted stocks and move away from daily pricing of its net asset value, it said on Monday, as it reported a 21% drop in its value since the end of June. Neil Woodford's only listed fund has been under pressure since the money manager's flagship fund was frozen in June. Woodford's 3.7 billion pound ($4.7 billion) LF Woodford Equity Income Fund (WEIF), a darling of British retail investors, was suspended on June 3 after it struggled to sell its illiquid assets quickly enough to meet redemption requests.

  • Bloomberg

    Neil Woodford’s Role at His Own Listed Trust Still in Doubt

    (Bloomberg) -- The board of Neil Woodford’s listed investment trust is keeping the one-time star stock picker dangling as it looks around for a potential replacement.The board of Woodford Patient Capital Trust Plc said on Monday that it “continues to evaluate the position of the portfolio manager and remains in dialogue with other potential managers.” Woodford’s position at the trust was first placed in doubt in July, deepening a career crisis that began a month earlier when he stunned the financial world by freezing his flagship fund.The LF Woodford Equity Income Fund has been locked ever since, but the trust has remained opened -- and paid the price. Its shares have plunged about 43% in that time, driving its market capitalization down to 400 million pounds ($492 million), about half the amount raised when the trust was launched in 2015.Woodford endured another indignity in early September when he ceded control over investment decisions for the trust to its banker in exchange for greater leeway in how he uses money borrowed from the firm, Northern Trust Corp. Valuations of assets including stakes in IH Holdings International Ltd. and BenevolentAI Ltd. have also been reduced.Woodford apologized in Monday’s statement for “an extremely disappointing six-month period” for shareholders in the trust.‘More Painful’“The journey to positive outcomes has been longer and more painful than investors would have liked, or anticipated, but the returns to be gained by delivering on the progress, I believe, will ultimately reward the patient investor,” Woodford said in the statement.Raymond Abbott joins the board as an independent non-executive director as of Oct. 1, while Louise Makin departs. Abbott is chairman of Foresight 4 VCT Plc and of Integrated Environmental Solutions Ltd., according to the statement.The shakeup of the board, which also included the arrival of Jane Tufnell and Stephen Cohen, is now finished for the time being, the firm said.The trust’s daily net asset value plunged by 20.9% in the period from June 28 through Sept. 26, representing a decline in the portfolio NAV to 591 million pounds, according to the statement. The board said it’s considering reporting net asset value on a monthly or quarterly basis, abandoning its current practice of daily reporting.“As the portfolio develops there is more information to review and analyze in relation to our investee companies,” according to the statement. “This analysis and the governance that appropriately exists around the valuation process takes time and will become increasingly unsuited to the publication of a daily NAV.”(Updates with detail from half-year report starting in seventh paragraph.)To contact the reporter on this story: Suzy Waite in London at swaite8@bloomberg.netTo contact the editors responsible for this story: Shelley Robinson at ssmith118@bloomberg.net, Patrick HenryFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters - UK Focus

    UPDATE 2-Woodford listed fund seeks to invest more in unquoted stocks

    Woodford Patient Capital Trust (WPCT) wants to boost investment in unlisted stocks and move away from daily pricing of its net asset value, it said on Monday, as it reported a 21% drop in its value since the end of June. Neil Woodford's only listed fund has been under pressure since the money manager's flagship fund was frozen in June. Woodford's 3.7 billion pound ($4.7 billion) LF Woodford Equity Income Fund (WEIF), a darling of British retail investors, was suspended on June 3 after it struggled to sell its illiquid assets quickly enough to meet redemption requests.

  • More pain for Woodford investors as three firms devalued by £33m
    Yahoo Finance UK

    More pain for Woodford investors as three firms devalued by £33m

    Woodford Patient Capital Trust has now suffered three write-downs to its investments in just five weeks.

  • Reuters - UK Focus

    UPDATE 1-Woodford fund administrator to cut valuation in three more holdings

    Woodford's flagship equity income fund has lost 12.83% since its suspension on June 3 and will be frozen until December. The decision to suspend the fund's activity has prompted an outcry from lawmakers and investors, a probe by regulators and share price losses or outflows from Woodford's other two funds. The fund's board didn't disclose the details of the companies affected but said its administrator Link Fund Solutions wanted to proceed with the valuation review as challenging market conditions would harm the ability of these businesses to raise cash in the near term.

  • Money manager Neil Woodford apologises again as fund continues to do badly
    Yahoo Finance UK

    Money manager Neil Woodford apologises again as fund continues to do badly

    The value of the Woodford Equity Income Fund has declined by 12.8% since withdrawals were halted in June.

  • What does this blow to Woodford Patient Capital say about investing in Neil Woodford?
    Fool.co.uk

    What does this blow to Woodford Patient Capital say about investing in Neil Woodford?

    With the Woodford Patient Capital Trust plc (LON: WPCT) discount so high, surely there's a price that we should buy, isn't there?

  • Woodford listed fund shares drop after valuation cut
    Reuters

    Woodford listed fund shares drop after valuation cut

    Shares in Woodford Patient Capital Trust , money manager Neil Woodford's only listed fund, dropped as much as 7% at the open on Friday after the trust's administrator cut the valuation of one of its holdings. WPCT did not disclose any details about the holding, but said late on Thursday the adjustment would impact its net asset value by about 4 pence per share. Link, the trust's authorised corporate director, previously cut the valuation of WPCT's stake in IH Holdings.

  • Reuters

    Woodford listed fund gets 'greater flexibility' for Northern Trust loan

    Woodford Patient Capital Trust (WPCT) , the only listed trust run by Neil Woodford, said on Friday it had agreed greater borrowing flexibility with its lender Northern Trust as its works on selling some assets. The trust has come under scrutiny after the veteran money manager froze his flagship equity income fund in June because it could not meet redemption requests. WPCT has said it may fire Woodford, who faces criticism from regulators and lawmakers for investing in illiquid unlisted companies, as its investment manager.

  • Reuters - UK Focus

    UPDATE 1-Woodford listed fund gets 'greater flexibility' for Northern Trust loan

    Woodford Patient Capital Trust (WPCT), the only listed trust run by Neil Woodford, said on Friday it had agreed greater borrowing flexibility with its lender Northern Trust as its works on selling some assets. WPCT has said it may fire Woodford, who faces criticism from regulators and lawmakers for investing in illiquid unlisted companies, as its investment manager. Woodford has said he is "extremely sorry" for the suspension and is repositioning the assets of the frozen equity income fund towards more liquid assets.

  • Why I’d still shun the Woodford Patient Capital share price at 45p
    Fool.co.uk

    Why I’d still shun the Woodford Patient Capital share price at 45p

    G A Chester discusses why he'd still avoid Woodford Patient Capital Trust plc (LON:WPCT) at a 40% discount to NAV.

  • Will Neil Woodford investors face a longer wait for cash after Eddie Stobart news?
    Fool.co.uk

    Will Neil Woodford investors face a longer wait for cash after Eddie Stobart news?

    Friday's updates from the Woodford Patient Capital Trust and Eddie Stobart Logistics plc (LON: ESL) deliver a double dose of bad news for Neil Woodford.

  • Embattled Woodford's problems continue as fund takes £30m hit
    Yahoo Finance UK

    Embattled Woodford's problems continue as fund takes £30m hit

    Shares in under-fire money manager Neil Woodford’s listed fund crashed 10% on Friday after one of its key investment’s faced a £30m write-down.

  • Short-selling attack costs stricken fund manager Neil Woodford £118m
    Yahoo Finance UK

    Short-selling attack costs stricken fund manager Neil Woodford £118m

    Woodford investment Burford Capital's share price fell over 50% after a critical report from US short seller Muddy Waters.

  • Neil Woodford's fund considering replacing him as manager
    Yahoo Finance UK

    Neil Woodford's fund considering replacing him as manager

    Neil Woodford could be replaced at the helm of his namesake investment trust after the suspension of his £3.7bn equity income fund.

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