WPCT.L - Woodford Patient Capital Trust plc

LSE - LSE Delayed price. Currency in GBp
30.15
-0.50 (-1.63%)
At close: 4:35PM GMT
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Previous close30.65
Open30.85
Bid30.05 x 0
Ask30.20 x 0
Day's range30.00 - 31.84
52-week range0.57 - 91.00
Volume932,635
Avg. volume1,210,036
Market cap273.955M
Beta (3Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings date5 Apr 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Reuters

    Woodford listed fund shares drop after valuation cut

    Shares in Woodford Patient Capital Trust, founded by veteran money manager Neil Woodford, dropped as much as 7% on Monday after the fund cut the valuation of one of its major holdings. WPCT last month named asset manager Schroders to manage its portfolio after the abrupt exit of Woodford following the winding up of his flagship equity income fund. WPCT's net asset value will drop by 4.3 pence following the downward valuation of IH Holdings, a unit of cold fusion technology firm Industrial Heat, as well as the upward valuation of another unnamed company, the fund said in a statement.

  • Time to buy Woodford (WPCT) after 30% share price surge?
    Fool.co.uk

    Time to buy Woodford (WPCT) after 30% share price surge?

    The announcement of a new manager has sent the Woodford Patient Capital (WPCT) share price flying, but please read this before you buy.

  • Bloomberg

    Woodford's Collapse Capped by Schroders Taking Over Listed Trust

    (Bloomberg) -- The board of Neil Woodford’s listed trust picked a unit of Schroders Plc to take over the portfolio that bears his name, capping off the collapse of his business empire.The move comes nine days after the fund manager announced the liquidation of his firm, ending a fall from grace that counts as one of the most dramatic in London’s financial history. The Woodford Patient Capital Trust Plc will be renamed Schroder U.K. Public Private Trust Plc, according to a statement on Thursday.The trust’s shares surged as much as 32% in London trading on the news. Still, that leaves the trust down about 50% since Woodford stunned the financial world freezing his flagship fund in early June, sparking a chain reaction that ultimately sent the fund manager’s career spiraling.“There really was no choice for the board, and it’s a nice mandate for Schroders,” said Jacob Schmidt, chief executive officer of Schmidt Research Partners, a global investment firm.The board of the trust, which Woodford launched to much fanfare in 2015, had been looking for alternative managers since July. Between July 3 and July 8, Woodford sold 1.75 million shares in the trust — about 60% of his holding — to “meet personal financial obligations, including a tax liability.” But he only notified the board about this share sale two weeks later on July 27.Read more: U.K. Platform AJ Bell Sees Flows Slow After Woodford’s CollapseWoodford stepped down as portfolio manager of the trust on Oct. 15, the same day he was ousted as manager of his flagship fund and announced the shuttering of his investment firm. The shares were trading at a 50% discount to net asset value on Oct. 22.“He sold shares and didn’t show commitment,” Schmidt said. “If you’re responsible, you’re the captain and you’re the last one to leave the ship. Woodford was the captain and should have stayed on board and if he drowns, he drowns.”Schroder Investment Management Ltd. won’t charge a performance fee for managing the trust until Dec. 31, 2022, when it will be eligible to collect 15% of returns above a net asset value of 77 pence per share. The trust’s latest NAV was 63.23 pence on Oct. 22. After that, the firm will charge a performance fee of 15% on returns of 10% or higher, according to the statement.No management fee will be paid for three months after Schroders takes over, according to the statement. After that, it will collect an annual fee of 1% on market capitalization up to 600 million pounds ($774 million), and 0.8% thereafter.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-Schroders to manage Woodford Patient Capital after founder's exit

    Woodford Patient Capital Trust (WPCT) named asset manager Schroders to manage its portfolio on Thursday after last week's abrupt exit of its founder Neil Woodford. Woodford, one of Britain's most high-profile fund managers, resigned as he shut his business after administrators closed his flagship equity income fund.

  • Woodford trust shares surge as Schroders takes over from fallen stock picker
    Yahoo Finance UK

    Woodford trust shares surge as Schroders takes over from fallen stock picker

    The appointment of the new manager for the Woodford Patient Capital Trust follows the implosion of Neil Woodford's investment empire last week.

  • Schroders to manage Woodford Patient Capital after founder's exit
    Reuters

    Schroders to manage Woodford Patient Capital after founder's exit

    Woodford Patient Capital Trust (WPCT) named asset manager Schroders to manage its portfolio on Thursday after last week's abrupt exit of its founder Neil Woodford. Woodford, one of Britain's most high-profile fund managers, resigned as he shut his business after administrators closed his flagship equity income fund. It will be renamed Schroder UK Public Private Trust when Schroders takes over the management of the assets, expected by the end of the year, and the new management team will stick to WPCT's existing strategy of investing largely in unlisted firms.

  • Woodford Patient Capital Trust at record low! Worth a punt?
    Fool.co.uk

    Woodford Patient Capital Trust at record low! Worth a punt?

    Buying shares in a collapsed empire could be the contrarian buy of your life. Is that a clever move here?

  • What happened in the stock market today
    Fool.co.uk

    What happened in the stock market today

    ASOS (LON: ASC) shareholders win big and Woodford Patient Capital Trust (LON: WPCT) continues to fall.

  • Fallen fund star Woodford's firm suffers ignominious end
    Reuters

    Fallen fund star Woodford's firm suffers ignominious end

    Once one of Britain's most celebrated money managers and idolized by a legion of investor devotees, the collapse of Neil Woodford's business has been swift and brutal. The 59-year-old moved quickly to call time on his eponymous asset management company late on Tuesday, hours after being sacked as manager of the firm's flagship fund by its administrator, Link Fund Solutions. The move followed four months of efforts to sell out of a number of unlisted and little traded stocks - some 20% of the fund's portfolio according to Britain's regulator - and raise cash to pay off investors irked by weak returns.

  • Three lessons every investor needs to learn from the rise and fall of Neil Woodford
    Fool.co.uk

    Three lessons every investor needs to learn from the rise and fall of Neil Woodford

    Harvey Jones draws three investment lessons from Neil Woodford's sorry demise.

  • Trading in second Woodford fund suspended - administrator
    Reuters

    Trading in second Woodford fund suspended - administrator

    A second Woodford fund was suspended from trading on Wednesday after embattled investor Neil Woodford resigned as its manager. Link Fund Solutions, administrator of the 258 million pound LF Woodford Income Focus Fund, said it had been forced to act as it expected Woodford's departure to trigger a rush for the exits. Neil Woodford, one of Britain's most high-profile fund managers, called it quits on Tuesday, announcing he was shutting his investment firm after Link sacked him as manager of his flagship 3 billion pound LF Woodford Equity Income Fund.

  • Second Woodford fund frozen as implosion continues
    Yahoo Finance UK

    Second Woodford fund frozen as implosion continues

    Link Fund Solutions said investors have been blocked from withdrawing money from the Woodford Income Focus Fund with immediate affect.

  • Reuters - UK Focus

    UPDATE 2-Trading in second Woodford fund suspended - administrator

    A second Woodford fund was suspended from trading on Wednesday after embattled investor Neil Woodford resigned as its manager. Link Fund Solutions, administrator of the 258 million pound ($330 million) LF Woodford Income Focus Fund, said it had been forced to act as it expected Woodford's departure to trigger a rush for the exits. "We expect that the redemptions in the Fund will reach a level whereby it may no longer be able to continue to meet redemption requests without prejudicing the interests of both remaining and redeeming investors," Link said in a letter to investors.

  • Trading in second Woodford fund suspended: administrator
    Reuters

    Trading in second Woodford fund suspended: administrator

    A second Woodford fund was suspended from trading on Wednesday after embattled investor Neil Woodford resigned as its manager. Link Fund Solutions, administrator of the 258 million pound ($330 million) LF Woodford Income Focus Fund, said it had been forced to act as it expected Woodford's departure to trigger a rush for the exits. Neil Woodford, one of Britain's most high-profile fund managers, called it quits on Tuesday, announcing he was shutting his investment firm after Link sacked him as manager of his flagship 3 billion pound LF Woodford Equity Income Fund.

  • British mid-caps rise on hopes of Brexit deal this week
    Reuters

    British mid-caps rise on hopes of Brexit deal this week

    JP Morgan's UK domestic plays index , which tracks about 30 UK stocks that make all or most of their revenue at home, rose 1%. Britain and the European Union are set for crunch Brexit talks at a summit on Thursday and Friday, with Prime Minister Boris Johnson intent on delivering Brexit on Oct. 31 and the EU still looking for further concessions.

  • Neil Woodford's stricken £3.1bn fund to be shut and Woodford sacked
    Yahoo Finance UK

    Neil Woodford's stricken £3.1bn fund to be shut and Woodford sacked

    The fund has been frozen since June in one of the biggest scandals in the City.

  • Reuters - UK Focus

    UPDATE 6-Fund empire of once-star manager Neil Woodford shuts

    Famed British money manager Neil Woodford shut his asset management business on Tuesday, calling it quits hours after administrators stepped in to wind down his flagship fund and sack him as its manager. Woodford, one of Britain's most high profile investors, had been battling to save his company since June after a flood of investor redemption requests forced him to suspend withdrawals in his flagship LF Woodford Equity Income Fund.

  • 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?

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