Should savers keep faith with Neil Woodford, asks his ardent fan Ruth Sunderland of the piss poor Daily Mail
Published 3 June 2019, 15:49
Oh the pain and suffering I have to endure for you, dear reader! I have just read Ruth Sunderland's article in the Daily Mail asking whether we should keep faith with Neil Woodford so you don't have to. Of course, there is nothing new to ShareProphets readers - you heard it all before, months ago. The answer, obviously, is no. But there is more to it than that.
Can Neil Woodford avoid being sacked again today? Er….what of WPCT?
Published 7 June 2019, 10:39
Sorry Neil. It was an attack of commentator’s curse so it is all my fault that you were sacked after-hours yesterday by Openwork from your job managing the Omnis fund. Obviously it was nothing to do with you. The question now is can you avoid getting the tickety-tack today. With no more external funds to be sacked from, having lost your jobs with St James’ Place and Openwork….oh, and Quilter a few weeks back, you might be feeling a little more confident on that score today.
Woodford – buys 2 more falling knives (AGAIN) as EIF crashes through £4 billion. Good job he’s not a forced seller!
Published 17 May 2019, 13:08
Let it never be said that Neil Woodford is a forced seller of anything, for yesterday we learnt that once again he has topped up with yet more shares in Kier Group (KIE) and a few more Redde (REDD). Except that as at yesterday’s close, his Equity Income Fund had dropped through the £4 billion mark, according to Morning Star. Only at the end of March the fund was worth £4.4 billion. I wonder what he has been selling…..completely voluntarily, natch.
Woodford – slammed by Bestinvest in table of dogs
Published 12 February 2019, 07:51
I pointed to Invesco and Woodford being named top dogs in the link to the article in the Telegraph at the weekend, but having looked through the latest issue of Spot the Dog from Bestinvest the data and conclusions are truly awful for Neil Woodford.
BREAKING: Woodford Investment Management is toast - Neil to close it down, quits WPCT & Income Focus
Published 15 October 2019, 22:03
A late-in-the-evening RNS from Woodford Patient Capital (WPCT) announced this evening that Woodford Investment Management has resigned as fund manager to the trust. And we have now learnt that Woodford Investment Management is to be closed down. Stripped of its fee income from Woodford Equity Income (WEIF), from which Neil Woodford was announced as having been sacked early this morning, as both Tom Winnifrith and I pointed out, Woodford Investment Management (WIM) was no longer viable (we got there first on that one as well). Now he has thrown in the towel on that too: WIM is to be closed down. Bring out the ouzo again!
Woodford - having failed to bring a boardroom coup at Stobart, now it's time for Kier
Published 14 January 2019, 02:19
I see that Neil Woodford is reported to be leading efforts to replace the top executives of fully-listed Kier Group (KIE), according to a report on Sky News. This is, of course, in the wake of a rights issue to pay off debt which fell flat (to put it mildly) and relied on the underwriters to be completed….and in the wake of Woodford stating on its website in September that we had a reassuring meeting with management today, which plans to substantially enhance the company’s cash generative capabilities… Overall, the company’s outlook remains very encouraging. Share price then – around £10….now it is just a fiver. Oops!...
Now even Roger Lawson sticks the knife into Neil Woodford
Published 25 March 2019, 08:33
The trouble with Roger Lawson of ShareSoc is that he is too much of a nice guy. As a keen reader of this web site he has more than enough ammo to really stick it to hapless Neil Woodford, the posterboy of the we must reward failure movement. But in his own way, Lawson has today joined we Woodford Bears with his own attack. He opines and the underline is mine.
Neil Woodford Redemptions-less Watch: reading between the lines
Published 17 October 2019, 11:01
Well, there were no redemptions yesterday as both Woodford Income Focus and Woodford Equity Income are now gated. But the letter from Link (the ACD) telling Income Focus’ investors of the suspension of dealings seems to me to be a little misleading as it looks to me to be an attempt to re-write history.
Redemptions Watch: Redemptions continue at Woodford Income Focus as Neil continues to dump dog Thin Film (released at half past midnight!)
Published 31 August 2019, 10:23
Yesterday’s big disaster for Neil Woodford was Oslobors-listed Thin Film (THIN). Given that Neil has already lost most of his money here already yesterday’s news won’t count as a financial disaster. But yet another dog on the verge of insolvency will – and once again we have the plain fact that Neil can’t bail it out because he’s got no cash being demonstrated to all. And to underline its mega-dog nature, this company once again clocked up an entry in the Red Flags at Night register, with a filing at half past midnight last night telling us of another sale of its shares by Neil Woodford. Half past midnight!
Eddie Stobart Logistics: the silence is deafening as Neil Woodford sweats
Published 14 October 2019, 16:38
Neil Woodford, the largest shareholder in AIM-listed, but suspended pending interim accounts and one assumes by now financial clarification, Eddie Stobart Logistics (ESL) must be sweating as he wonders what his near-23% stake will be worth. Interims to 31st May 2019 are still pending, now a month and a half late and two interested bidders have emerged in the form of DBAY Advisers and Andrew Tinkler, the former CEO (before he was ousted) of Stobart Group (STOB).
Xeros - revolutionary washing machine rinses Woodford away: placing at just 1p but shares down to 0.93p. Grim Reaper time.
Published 1 November 2019, 10:30
Neil Woodford Uber-dog Xeros Technology (XSG), the great man’s revolutionary washing machine outfit, announced a rescue bailout placing at just 1p at almost lights-out yesterday – 3.46pm, just two minutes after announcing the appointment of FinnCrap as its Nomad and Sole Broker. Times must be really tough for FinnCrap, I guess any retainer will do when you have bills to pay. But forget's Finncap's abandonment of claims that it only acts for quality companies, the real story here is that the losses for Neil Woodford’s former investors at WEIF and WPCT are staggering – and now look set to hit 100% as the stock is trading below the placing price.
Another after hours utter Neil Woodford SHOCKER – Worthless Proton calls him for £25m, so who will pay?
Published 6 June 2019, 18:46
I have flagged up repeatedly that one almighty headache for Neil Woodford is that NEX lobster pot listed joke company Proton Partners International (PPI) has a legally binding right to demand up to £70 million in equity investment from Nei Woodford’s funds. Given that its shares have traded once in the 3 and a half months since its scandalous IPO this is a real nightmare. At 5PM today we learned Proton has called Woodford for £25 million…questions, questions…
A final £15 million Christmas kick in the bollocks from Neil Woodford to unit holders
Published 25 December 2019, 01:03
Merry Christmas Neil Woodford. Having made c£100 million from Woodford Investment Management you are planning a new Chinese venture as those Brits who backed you lick their wounds and count their losses. You are a crook, a spiv and should be in jail and facing a lifetime ban from financial services. If folks were not angry enough already, at 11.41 AM on Christmas Eve came another £15 million kick in the gonads. Cheers Neil, seasons greetings to you, your wife and your array of show jumping ponies.
Keir-Blimey! Woodford raising more much-needed cash by dumping good shares
Published 1 December 2018, 02:17
We all know that markets have been a bit skittish recently, which will mean that investors will be looking to sell unit trust holdings. And we know that Neil Woodford has faced the double whammy of redemptions and his cash-hungry dogs which need feeding. And on Friday morning Kier group (KIE) announced a rights issue: it never rains….
Neil Woodford Dog RM2 to be fork-lifted off the AIM Casino at last
Published 18 December 2019, 11:09
There is no doubt in my mind that disgraced Neil Woodford’s revolutionary pallet company RM2 (RM2) should never have got anywhere near the AIM Casino and through keep-the-lights-on refinancings (largely paid for by Neil Woodford with other peoples’ money) it should have been removed a long time ago. But Neil needed the listing as he tried (and failed) to keep within his 10% proportion of investments unlisted limit so despite protestations from within, the AIM listing continued. Well, this morning it is all over bar the shouting.
Oxford Nanopore – anyone for a haircut, Neil Woodford?
Published 4 January 2020, 15:59
Last week saw the announcement of a fundraise by former Woodford investee Oxford Nanopore. The headlines were that £110 million had been raised but in fact only £29.3 million will go to the company. The rest was share sales by existing holders – including the former Woodford funds and IP Group, but the details so far seem to be shrouded in mystery. However, the maths for the former Woodford funds looks awful – which may explain the lack of detail offered up so far. Meanwhile, Oxford Nanopore’s cut of £29 million won’t last it very long and I suggest another funding round must be on the cards before the summer.
Link Accused of Throwing Good Money after Bad at Former Neil Woodford Fund
Published 3 April 2021, 12:00
Link seems to have a habit of shooting itself in the foot at the former Woodford Equity Income Fund as it prepares to defend itself against a legal onslaught from Harcus Parker on behalf of 6,500 folks whose investments were mis-managed into the ground by Neil Woodford, overseen by Link acting as authorised corporate director (ACD). Most recently, it has announced that it has invested some of the fund’s cash into a company called Mafic and the mainstream media has been having a field day as cash supposedly due to be handed out to beleaguered Woodford investors has headed in the opposite direction.
Woodford, Link and the FCA: Who Is Really To Blame?
Published 5 June 2022, 11:25
It is a strange situation that we now have plenty of referrals to the Woodford fiasco in the mainstream media, but it is Link, not Woodford, which is being sued by former investors who lost piles and piles of money. Woodford made the investment decisions, he called the shots: he was the man in charge. Yet it is not he who faces being sued.
The Good News from Oxford Nanopore that exposes the valuation scandal at Woodford
Published 20 March 2018, 03:16
I do hope that the FCA and the "Independent" directors at Woodford Patient Capital Trust (WPCT) look into this matter with some urgency as we appear to have evidence today, thanks to Oxford Nanopore, that Neil Woodford funds have been stating their NAV in an unnacceptably aggressive manner. And that is the most generous spin on what has gone on.
Neil Woodford disaster zone Kier plunges another 36%
Published 15 June 2019, 11:04
Not so long ago Neil Woodford was telling his investors that fully-listed Kier Group (KIE) was just the perfect investment. Then came the rights issue which flopped and fell to the underwriters. And then came the admission that it had mis-stated its debt position. And then a new CEO who immediately launched a strategic review. And then a profit warning. And yesterday The Times reported that Kier was looking at off-loading its house building arm as its suppliers were being refused insurance on Kier’s bills. But of course Neil knew best: as the shares collapsed from well over £8 a pop ahead of the rights issue fiasco to close yesterday at a new low point of 130.8p, until his Equity Income Fund was gated, Neil was keenly buying up ever more of Kier’s shares,, taking his stake to 20% at the peak.