neil woodford

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?

Board plans tighter controls and reduced gearing for Woodford Patient Capital

The board of Woodford Patient Capital (WPCT), Neil Woodford’s investment trust investing predominantly in early-stage companies, has announced plans to reduce gearing levels and reduce the discount.

Following discussions with shareholders, the WPCT board plans to address a number of concerns, including gearing levels, the share price discount to net asset value (NAV) and “ongoing developments” at Woodford Investment Management.

Woodford should waive fee, says James Anderson

James Anderson, manager of Scottish Mortgage investment trust, has joined the growing chorus of calls for Neil Woodford to cut management fees for investors stuck in his Woodford Equity Income fund, which suspended trading last week.