By Nigel Somerville | Sunday 29 September 2019
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
We’ve already had the half year report form Woodford Equity Income Fund and now the second of Neil Woodford’s unit trusts, Woodford Income Focus, has released it half year report to July. A few things raised my eyebrows: for a start, the performance was absolutely dire but the trading of Kier Group (KIE) simply looks like a gambler trying to win back all the losses with an outrageous long-shot. The facts are astonishing.
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