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Redemptions Watch: bad news keeps rolling in for Neil Woodford

By Nigel Somerville | Wednesday 28 August 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.

The wall of bad news for Neil Woodford shows no sign of abating. Last week saw Eddie Stobart (ESL) suspended, his investment into laws of physics-bending Industrial Heat heavily marked down in a revaluation and two further biotech outfits written down to near zeroYesterday the FD at Rutherford Health (RUTH) - the former Proton Partners - exited stage left on the eve of his reappointment at the AGM which kind of suggests to me there is a problem, Muddy Waters continued its attack on Burford (BUR) thanks at least in part to the excellent work of Drunken Sailor. And on Friday (no doubt after-hours) we will see the delayed Q2 results from Oslobors-listed Thin Film (THIN) which has been trying (and failing) to raise money, and is running out of cash fast. Where will the next shoe drop?

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