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.
You just couldn’t make this up. Even Monty Python would struggle to think of this one! Yesterday’s full year results statement from Schroder UK Public Private Trust (SUPP – and ex- the Woodford Patient Capital Trust, WPCT) is a hoot as the Ouzo Beckons in large quantity for me. This all relates to the appointment, in the wake of Woodford, of one Raymond Abbott to the Board of (then) WPCT by the then Chair, Susan Searle. A good read of THIS will fill in all the details…..indeed, I would modestly suggest that it is vital to understand what follows, as I asked then whether he really was a safe pair of hands or just Butterfingers.
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