Tom Winnifrith Bearcast: So Roger Lawson & the share selling twit from Accesso, just how do you want to control me?
Tungsten – “achieved its first annual EBITDA profit”… but what about cash & the rest of the balance sheet?
Caption Contest: Neill Ricketts of Versarien seeks guidance from a strong and stable proven winner edition
As the five year launch anniversary approaches for Woodford Equity Income Fund, another line in the sand approaches as the race to the bottom accelerates
Published 17 days ago
According to Citywire, poor old Neil Woodford suffered another £125 million of redemptions in April on his flagship Equity Income Fund taking it down to just £4.25 billion. To do so badly in ISA month is truly dreadful and that suggests that in “sell in May and go away” month things might be even worse. In that vein we have a reader poll with a deadline of entry of midnight tonight.
Published 18 days ago
As discussed by Citywire, Hargreaves Lansdown’s clients have been voting with their feet on Neil Woodford, despite HL maintaining Woodford’s favoured status as part of its Wealth 50 and buying more for its own house funds. In fact, Citywire goes on to report that HL now holds so much Woodford Equity Income between its house funds and client accounts it is classed as a related party. On Thursday HL produced another Woodford-supportive note and the ShareProphets Translation Service gives its view (original in bold).
Published 35 days ago
As investors settle down for the Good Friday and Easter bank holiday weekend, Neil Woodford has had a fair degree of coverage to assimilate. Articles in The Times and the FT point to Woodford’s sale of £42 million worth of NewRiver REIT (NRR) to his former junior at Invesco – something which ShareProphets readers have been aware of ten days now (it is good to see the dead wood press keeping up!) Meanwhile Citywire reports that the suspensions of Woodford’s stocks in Guernsey may be resolved this coming week although we are not told which way. And Hargreaves Lansdown appears to be standing by its man, still, as it covers the recent results from WPCT – something covered here some two weeks ago.
Published 40 days ago
The big news for Neil Woodford this week is that his joke listings in Guernsey have been suspended, casting a big shadow over his tactics of playing with the rules over the unlisted stocks within his portfolio. The questions ahead are whether they will now be booted off the Guernsey International Stock Exchange, and what the FCA will demand of him in response.
Published 43 days ago
There has been lots of good news for Neil Woodford – aside from the joke listing of Proton Partners on NEX. Last night, AIM-listed investment company Crystal Amber Fund Limited (CRS) announced its monthly NAV and in it we learn that it wants to take over the running of Allied Minds with a view to winding it down. The good news is it thinks it can realise the assets at a big premium to the then current share price. The bad news…..well, the criticisms of the current arrangements are eyewatering. Was Neil really happy with this, and if not, why did he not do something about it?
Published 47 days ago
Our good friends over at Citywire have again come up with bad news for Neil Woodford, in revealing that investors in his Equity Income Fund (EIF) reacted badly to last month’s sequence of dismal news by cashing out to the tune of £160 million. Having started March with £4.7 billion, EIF slumped to £4.4 billion last month which suggests that redemptions are not the only problem for Woodford.
Published 54 days ago
Citywire yesterday published an article which stated that Neil Woodford has listed four previously unlisted investments held by Woodford Equity Income Fund on the International Stock Exchange in….er….Guernsey. Surely even Guernsey’s own residents would agree that this is not exactly the London Stock Exchange! But the odd thing is that Woodford himself seems to have been a tad reticent on the matter – I don’t see any headline proclaiming great success in gaining a listing in Guernsey from Neil Woodford! Why might that be? And that appears to be the nub of the issue.