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WPCT

Closed-end funds and OEICs
Bouleversee
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WPCT

#250368

Postby Bouleversee » September 8th, 2019, 6:08 pm

I thought I had read that Woodford Patient Capital Trust is being rejected from the FTSE 250 but I haven't been able to find out where it will go from there. Anyone?

Alaric
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Re: WPCT

#250375

Postby Alaric » September 8th, 2019, 6:35 pm

Bouleversee wrote:I thought I had read that Woodford Patient Capital Trust is being rejected from the FTSE 250 but I haven't been able to find out where it will go from there.


You weren't imagining it.

http://www.morningstar.co.uk/uk/news/19 ... e-250.aspx

It remains part of the All-Share Index and also presumably joins the Small-Cap Index..

Bouleversee
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Re: WPCT

#250547

Postby Bouleversee » September 9th, 2019, 4:24 pm

Thanks, Alaric. I wonder whether this trust will ever recover. Up a trifle today but still over 50% off my purchase price.

paulnumbers
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Re: WPCT

#250548

Postby paulnumbers » September 9th, 2019, 4:28 pm

Bouleversee wrote:Thanks, Alaric. I wonder whether this trust will ever recover. Up a trifle today but still over 50% off my purchase price.



Who knows. At the end of the day if you believe that the assets are reliably priced by the trust, then this represents a massive bargain.

Having read in the annual report how NAV is calculated and updated, i’ve decided it’s worth investing at the current price, and aim to hold until the discount to NAv narrows, which could either be obtained by a rising SP, or a falling NAV!

Bouleversee
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Re: WPCT

#250572

Postby Bouleversee » September 9th, 2019, 5:35 pm

Best of luck with that. I don't think I have the courage to add.


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