ShareProphets : tidm

WPCT

Woodford Patient Capital Trust: The Big Short (Feb updates: WPCT) – Family silver being sold and the future looks bleak

Almost three years after launch, Woodford has achieved what would have seemed impossible at the launch of Woodford Patient Capital Trust (WPCT) back in April 2015 in that he has managed to compile a portfolio of 85 holdings without one obviously profitable company among them. Having sold the star of the portfolio in the month namely A J Bell, to keep the lights on and fund a few other future dogs, he’s now left with a whole array of cash-guzzling, largely illiquid dogs – what’s not to like.

By Cynical Bear | Published 2018-03-23 01:12:09 |

Woodford Patient Capital Trust: The Big Short (Feb updates: Equity Income Fund) – Astrazeneca jettisoned but balloon still sinking

Well it only took until 22 March for the end-February portfolios to be updated for the various Woodford funds but quite a lot to cover so it’s a two-parter this month. I’m going to start by looking at Woodford’s valiant efforts in keeping his flagship fund, the Equity Income Fund, afloat. It’s not an easy task dealing with continual redemptions and he has had to ditch an old favourite to do so.

By Cynical Bear | Published 2018-03-23 01:10:10 |

The Good News from Oxford Nanopore that exposes the valuation scandal at Woodford

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.

By Tom Winnifrith | Published 2018-03-20 03:16:32 |

Woodford’s Cheltenham Festival Quiz – The Result

Thanks for all the entries – I’m pleased to be able to say “entries” this time - to my Woodford Cheltenham Festival (HERE). I’m calling it a day early as the result is clear. Read on for the winner and the choice of Cheltenham runners on which I am placing the winner’s free bet.

By Cynical Bear | Published 2018-03-11 01:26:45 |

Atom Bank: Huge funding round – a good result for Woodford for once

I do try to be balanced from time to time and despite all his troubles, there’s been a few green shoots for Neil Woodford in relation to Woodford Patient Capital Trust (WPCT) in recent weeks, most notably with a substantial round at Atom Bank…….although much more funding is still required.

By Cynical Bear | Published 2018-03-08 04:03:22 |

Woodford Patient Capital Trust: The Big Short (Jan updates) – Someone’s got to do it!

As Neil Woodford is such a believer in transparency, he has pulled his monthly updates altogether so these monthly updates now take on a greater importance to provide much needed information to the long-suffering investors in the three funds. Can’t imagine why Woodford stopped them?

By Cynical Bear | Published 2018-02-24 00:55:27 |

Neil Woodford’s Cheltenham Festival Prize Quiz

Loyal readers will know that I, like Mr Woodford, love a quiz and with my favourite week of the year fast approaching, I thought I’d run a (simpler) quiz with a Cheltenham-related prize. There’s only two questions, so I’m hoping for more than one entrant this time!

By Cynical Bear | Published 2018-02-22 04:15:28 |

Idex - yet another Woofdog Norwegian money pit! Is Neil actually Montgomery Brewster in disguise?

I would urge anyone interested in these Woodford stock stories to read the sister Norwegian piece relating to Thin Film Electronics first as the similarities are astounding but it is worth covering Idex in its full glory. Yet another horror show.

By Cynical Bear | Published 2018-02-18 00:34:14 |

UPDATED: Neil Woodford - the big question panicking NEDS must ask him about Woodford Patient Capital Trust

UPDATED: Over the weekend I revealed a potential nuclear landmine that could well blow up the Woodford Patient Capital Trust (WPCT).The bad news for the asleep at the wheel nmot so independent NEDS at the Trust is that I have found two more landmines which have been averted but are there more?

By Tom Winnifrith | Published 2018-02-12 03:56:39 |

Ombu Group another cash guzzler - can Neil Woodford meet his £50 million commitment?

At 31 December 2017, Ombu Group represented c2.02% of the Woodford Patient Capital Trust (WPCT) portfolio being two separate investments of 2.01 % + 0.01%. The principal activity of Ombu Group, according to its accounts, is providing capital and management support to fast growing companies in the fields of industrial technology, energy technology and water technology.

By Tom Winnifrith | Published 2018-02-11 07:27:50 |

EXCLUSIVE: Insight into the Woodford investment diligence process

After much digging and talking to those in the know I have managed to piece together how Neil Woodford and his team assess potential investments and have actually managed to access a transcript of a recent investment meeting that makes very “interesting” reading!

By Cynical Bear | Published 2018-02-11 02:18:53 |

Woodford’s Whack-A-Mole is getting out of control – could be game over pretty quickly

CityAM announced earlier this week that Woodford’s Equity Income Fund had lost a billion quid in funds since the start of the year down to £7.2 billion. This has huge consequences for all his funds and I’m not sure he has enough arms to suppress all the troublesome blind burrowing mammals raising their heads above ground. For the avoidance of doubt, I am referring to metaphorical moles at this point rather than Woodford’s investment diligence team. Let me explain.

By Cynical Bear | Published 2018-02-10 01:11:35 |

Poodle journalist on The Times does as PR spinners beg and puts buy case for Woodford Patient Capital

You will have read our detailed coverage of Neil Woodford's woes and especially those of his uber dog listed investment company Woodford Patient Capital Trust (WPCT). Our sell advice has saved our readers thousands of pounds. But we believe in balance and so below is the advice of The Times Tempus column which is to buy. It is poorly researched - compare its coverage of Atom Bank with ours HERE) for instance and reads as if it was dictated by a PR person as is so often the case with the stinking carcass that is the deadwood press. Here goes...

By Tom Winnifrith | Published 2018-02-07 03:31:33 |

Woodford: Crisis?, what crisis?

One wonders what Neil Woodford has been doing in the face of Cynical Bear’s onslaught against his funds. Reading Cynical’s pieces, it is clear that the Woodford house was edging ever closer to disaster. Now it seems that the effluent is indeed in collision with the air conditioning: we’ve had disasters at Purplebricks (PURP) and Capita (CPI), and there’s a stockmarket correction (at least we hope that’s all it is) underway. Oh, and we have numbers from the AA on Thursday – hardly the ideal time to take a hatchet to its dividend! So what has Mr Woodford been up to? Well, why change a winning formula!

By Nigel Somerville, the Deputy Sheriff of AIM | Published 2018-02-07 01:20:15 |

The WPCT scandal – Shareholders should contact the Board and the FCA immediately

I’m not normally one for emotive comment but my “Big Short” thesis at Woodford Patient Capital Trust (WPCT) is playing out almost exactly as I anticipated, albeit more quickly than I imagined, and it is an absolute scandal, make no mistake. All shareholders should be seeking redress and recompense immediately. Let me explain.

By Cynical Bear | Published 2018-02-06 03:43:40 |

Woodford Patient Capital Trust Plc – the adverse impact of leverage on performance

As we await today's NAV from, deep in the merde, Woodford Patient Capital Trust (WPCT) as well as possible confirmation its unquoted holdings have surged through the 80% limit as well as potentially news on how close hitis to breaching the bank limit of 20% gearing, it is worth reminding ourselves of one reason why it is in this mess - its high risk approach to leverage.

By Tom Winnifrith | Published 2018-02-06 01:32:55 |

Breaking: Prothena & Purplebricks crashing - is Woodford Fund now in breach of borrowing/unquoted limits? RNS needed ASAP!

As predicted here at the weekend Nasdaq listed Irish biotech Prothena (US:PRTA) is suffering a bloodbath today following the shock after hours resignation of its CMO on Friday. Shares in Purplebricks (PURP) are also crashing and that leaves the Woodford Patient Capital Trust (WPCT) in serious trouble - has it breached its banking limits yet?

By Tom Winnifrith | Published 2018-02-05 08:50:08 |

Atom Bank: Yet another Woodford cash-guzzler – more funding required

Pointed in its direction by Robert Dwek in the comments on my last Woodford piece, I thought I would write an article on the hugely capital intensive Woodford portfolio holding, Atom Bank, a start-up bank. A bit of a long read but I found it quite intellectually interesting looking at the challenges facing a start-up bank and it also throws up one of the first major funding issues for Woodford caused by the predicament he has recently got himself into.

By Cynical Bear | Published 2018-01-28 04:41:04 |

Malin Corp: Yet another Woodford cash-guzzler – part of the incestuous biotech investor family

Thought I may as well stick to a theme today and look at another Woodford investment which, surprise, surprise, undertook a placing on Friday, Dublin-listed, Malin Corp. This is yet another fund that invests in the same sort of early-stage biotech plays as Woodford Patient Capital Trust (WPCT). I will touch on why it looks overvalued to me and leave you with a piece of analysis to highlight the odd incestuous world of these biotech investors not that I’m making any accusations of course.

By Cynical Bear | Published 2018-01-28 04:25:00 |

Bear Raiders Kerrisdale rips into hapless Neil Woodford on twitter

Hapless Neil Woodford has poured out his heart to the poodle press, Citywire, bleating about how wicked bears Kerrisdale have been beastly about one of the largest - and most obviously overvalued - of the pack of dog investments in his Woodford Patient Capital Trust (WPCT). The bears have bitten back!

By Tom Winnifrith | Published 2018-01-27 04:18:48 |

previous 20 Page 8 of 9 (180 articles) next 20

Recent Comments

TOM3 Oct 2026

improving thank you. Oddly got a similar message the day before from someone who is also a practicing christian living just a few miles from you, in Harbury. So I guessed!

Tom Winnifrith Bearcast from my sick bed

TOM3 Oct 2026

nope Tom helping himself to more cheap shares sold by folks like you who cant do basic maths. Thanks for bringing forward a retirement of goat farming by a few montsh. It is appreciated

Tom Winnifrith Bearcast from my sick bed

THE PINK PANTHER3 Oct 2026

War in Ethiopia now , who thought civil war in above Sudan would wander! Well I saw it ! Magna carta was right,now tom is eating humble pie . Donkey ride booked for Christmas 🎁

Tom Winnifrith Bearcast from my sick bed

JEFF_WITH_A_J3 Oct 2026

ECOB reminds me of OPTI (although the scale of announcements are far greater and have actual numbers attached). I've viewed both businesses as having a interesting product and plausible business model but neither have actually delivered on that.How is ECOB picking up these contracts? They are so diverse, both geographically and it terms of languages spoken etc - where is the common thread that enables them to deliver these? It doesn't strike me that they would likely have a expansive international sales operation.I'd be a lot more comfortable if they were getting more projects off ground in Albania and the wider Balkan region as they would be able to technically and operationally serve such projects much more easily and really prove out the product.

Eco Buildings – interims, a progress in Albania and elsewhere STRONG BUY, this could multibag by Christmas

Sohail3 Oct 2026

Hope you feel better soon Tom.My email account has been hacked so please ignore any requests for money purporting to be from me.

Tom Winnifrith Bearcast from my sick bed

MICHAEL MCKENNA3 Oct 2026

Very happy with this update. I first bought in recently at 106.9p and now averaging up. Taking a five-year view.

Amaroq – “pleased” with further Nanoq drilling programme and metallurgical test work, here’s why…

NSK183 Oct 2026

Great commentary on how things are. The unwinding is going to be dramatic and nasty. How will politicians react to the situation? Will they experience force majeure?

The Easy Money Fairy Tale Is About To End Violently says the world’s second most foul mouthed financial podcaster

KUSSSB3 Oct 2026

WD JakKnife I believe

Petra Diamonds misleads as it finally fesses to the HMRC winding up petition

COLINS23 Oct 2026

Very interesting, thanks for re-posting.

Video: Why These Critical Metals Will Explode Higher, ‘Uncharted Territory’ For Gold