neil woodford

Woodford sells stake in trust as board considers dropping him

Neil Woodford has sold over half of his stake in Woodford Patient Capital Trust (WPCT), as speculation grows that he may be dropped as manager.

The board of the trust has announced that it has been in talks with “select management groups” recently to discuss future management of the trust.

Woodford Patient Capital: bargain or falling knife?

The bottom-fishers smell an opportunity. Woodford Patient Capital (WPCT) was the most-bought investment trust on interactive investor’s web platform during June, as bargain-hunters sought to cash in on its plummeting rating. But will the opportunists make a killing – and should you join them? Or will Patient Capital’s new shareholders rue the day they ignored that old stockmarket adage about never trying to catch a falling knife?