A question I shall put, in person, tomorrow: Dear Mr Woodford – how about you give a bit of the £37m to Rogue Bloggers for Woodlarks
By Tom Winnifrith | Wednesday 15 May 2019
Disclosure: I own shares in one or more of the stocks mentioned. 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.
At 10.30 AM tomorrow I shall be in the City of Lost Causes for the AGM of Neil Woodford’s investment trust dog Woodford Patient Capital Trust (WPCT) where, as the loyal owner of 10 shares, I have a few questions for Britain’s most conceited fund manager.
In justifying a £37 million reward for failure dividend paid to his private company for his role in destroying the pensions of others Mr Woodford said that this structure allowed him to give more money to charity.
That was, of course nonsense, the tax efficient way to give to charity was for Woodford IM to donate directly. But taking the old boy at his word I intend asking him if he will make a sizeable donation to Rogue Bloggers for Woodlarks HERE.
I have a couple of other questions too directly relating to WPCT but in appreciation of my bravado how about you too make a small donation to the appeal. My wife and I are giving £5,000 and that has helped take the total raised to more than £27,000 as you can see here. I hope Neil will match this. I don’t expect you to give that much but how about you make a smaller donation as you imagine Neil’s response tomorrow HERE
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