By Nigel Somerville | Friday 11 October 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.
Yesterday Neil Woodford’s benchmark for his Equity Income and Income Focus unit trusts, the FTSE All-Share, put on 0.29% but once again the Woodford unit trusts underperformed, losing 0.20% and 0.21% in NAV per unit respectively. And Woodford Patient Capital (WPCT), having diced with the 40p per share mark a couple of days ago, fell away to a new low point of just 36.25p – 52.6% down on its share price at the start of June when Woodford Equity Income was gated. My, oh my, what a lucky chap to have sold the bulk if his holding in early July when the share price began with a four.
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