Største aksjonær i IDEX i kjempetrøbbel
STORFOND STANSER INNLØSING: Woodford stanser nå innløsninger fra sitt drøye NOK 40 milliarder store aksjefond etter svake resultater og innløsninger over flere år. En frys på innløsning ble innført når en større aktør ba om tilbakebetaling av nærmere NOK 2,7 milliarder. Woodford eier nærmere 25 prosent av Thin Film som er på kapitaljakt og 28 prosent av Idex – tunge posisjoner som det synes svært vanskelig å komme seg ut av med tanke på likviditeten. Idex steg raskt 16 prosent på fredag – siste noteringsdag i mai – på en måte som fikk flere aktører inne på Xtrainvestor til å spekulere i en «pump» for at noen ville vise bedre forvaltningsresultater for måneden. Kursen falt da også kraftig tilbake på mandag. Her finner du vår Idex-kanal https://www.xtrainvestor.com/channel/idex
IDEX vil nok straks reprises mot peers... Da snakker vi et fall på 85% til 43øre
IDEX vil nok straks reprises mot peers... Da snakker vi et fall på 85% til 43øre
Redigert 21.01.2021 kl 09:37
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H-Capital
19.07.2019 kl 17:59
6414
Tipper fondet blir tappet for penger rimelig raskt. Idex utgjør bare 0,6% av fondets verdi 1. Juni(litt mindre nå da). Ikke sikkert woodford selger, men poenget er at idex ikke har noen å suge penger ut av lengre og prisingen vil styres av nye investorer..
Redigert 21.01.2021 kl 06:33
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Sente
19.07.2019 kl 16:44
6434
http://citywire.co.uk/funds-insider/news/woodford-lifts-cash-pile-to-657m-with-newriver-exit/a1249879
Woodford har solgt mye, men har fortsatt ikke rørt Idex i følge aksjonærlistene.
Blir fondet åpnet for handel uten at Idex selges ville jeg påstå det er positivt for Idex. Det eneorme fallet kom når WF låste fondet. Spørsmålet er om kursen vil komme seg opp igjen på en slik god nyhet eller om det trengs noe bedre.
Woodford har solgt mye, men har fortsatt ikke rørt Idex i følge aksjonærlistene.
Blir fondet åpnet for handel uten at Idex selges ville jeg påstå det er positivt for Idex. Det eneorme fallet kom når WF låste fondet. Spørsmålet er om kursen vil komme seg opp igjen på en slik god nyhet eller om det trengs noe bedre.
Redigert 21.01.2021 kl 06:33
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Møyfrid
05.07.2019 kl 21:29
6634
Var det 7,40 jeg hang meg på?
Ene og alene pga ekstremhausserne her på siden. Tok meg ca 240 sek å lese meg opp på vrøvlet.
Lykke til!
Ene og alene pga ekstremhausserne her på siden. Tok meg ca 240 sek å lese meg opp på vrøvlet.
Lykke til!
Redigert 21.01.2021 kl 06:33
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Sluttkursen i dag, 1.626, er "bare" ned -60% siden siste emi i januar.
Elite-Papegøyene har IGJEN bevist sin ekstremt totale overlegenhet når det gjelder kunnskap om og innsikt i aksjemarkedet, særlig lurendreier-selskaper.
Elite-Papegøyene har IGJEN bevist sin ekstremt totale overlegenhet når det gjelder kunnskap om og innsikt i aksjemarkedet, særlig lurendreier-selskaper.
Redigert 21.01.2021 kl 06:33
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Møyfrid
05.07.2019 kl 20:09
6664
"verdenslederen" skal få så på trynet at hausserne her ikke forstår hva som traff dem.
Redigert 21.01.2021 kl 06:33
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Et utdrag fra:
05.07.2019: https://www.ft.com/content/4b672f72-9e77-11e9-b8ce-8b459ed04726
Q&A: What next for investors in Woodford Equity Income?
«Hundreds of thousands of retail investors with money trapped in the Woodford Equity Income fund will have to wait at least another month until trading resumes, it was announced this week, as the stricken £3.7bn fund entered its fifth week of suspension.
Anger is growing among investors, many of whom feel they were not sufficiently warned about the fund’s liquidity risk, and fear heavy losses when the fund eventually reopens its doors.
How much longer will the suspension last?
The short answer is that nobody knows, but for at least another 28 days. The Financial Conduct Authority was informed on Monday that the fund was not ready to be reopened. The decision has to be reviewed at least every 28 days.
“Of course, we understand that people want access to their money, they are very frustrated by not being able to deal in the fund. But we are using the time . . . to ensure we get the right outcomes for our investors,” said Mr Woodford in a video statement to investors on Monday.
https://www.youtube.com/watch?v=Gm0KGhza5Ew
The ongoing suspension reflects the fund’s inability to meet a wave of redemption requests from investors while staying below a regulatory cap on hard-to-sell illiquid assets in the fund.
Mr Woodford promised this week that when the fund reopened there would be more liquid stocks from the FTSE 100 and 250 indices.
How are the asset sales progressing?
On Monday, it was announced that the fund manager had reduced his holdings in Raven Property and Horizon Discovery, two long-term investments. Mr Woodford has also sold down stakes in other listed companies over the past month, including BCA Marketplace, New River Reit and Oakley Capital Investments.
However, investment commentators feel sales of the fund’s non-listed assets will be more challenging, saying it is too early to speculate how far the value of units in the fund may fall at such a time when it is ready to reopen.
Why won’t Woodford waive management fees?
Woodford Investment Management confirmed this week that it is receiving £65,000 per day in fee income from the Equity Income fund, even though it remains suspended.
The fund management group has resisted calls to cut fees from Nicky Morgan MP, the head of the influential Treasury select committee. Andrew Bailey, head of the Financial Conduct Authority, has also said there are “good arguments for waiving fees” although there is no regulatory requirement to do so.
The group has said it believes the charges are justified, as the portfolio is still being managed.
What about Woodford’s other funds?
Mr Woodford’s other investment funds have also suffered. His open-ended vehicle, Income Focus, has seen its size drop by more than 40 per cent in the past month to £296m due to heavy withdrawals.
The company’s closed-ended Patient Capital Trust has shed 25 per cent of its share price over the same period.
Investors are angry — but what are regulators doing?
The FCA has launched an investigation into the events that led to the gating of Mr Woodford’s fund to investor redemptions, and Mr Bailey has already raised questions about how fund liquidity should be defined.
The Equity Income fund had managed to keep within the liquidity limits by listing stakes in some previously unlisted assets on Guernsey’s stock exchange. Mr Bailey told the Commons Treasury select committee that this was “sailing close to the wind”, adding: “Listing something on an exchange where trading does not actually happen, as far as I can see, does not actually count as liquidity.”
However, Mr Bailey also stressed how rare it was for funds to breach the EU’s 10 per cent cap on illiquid assets. Of around 3,000 open-ended UK funds, Mr Woodford’s fund and one other small fund were the only two to report a breach in the past year.
Bank of England governor Mark Carney was far more punchy in his assessment, telling MPs that funds that invested in illiquid assets but allowed investors instant access to their money were “built on a lie”, calling for changes to regulations.»
05.07.2019: https://www.ft.com/content/4b672f72-9e77-11e9-b8ce-8b459ed04726
Q&A: What next for investors in Woodford Equity Income?
«Hundreds of thousands of retail investors with money trapped in the Woodford Equity Income fund will have to wait at least another month until trading resumes, it was announced this week, as the stricken £3.7bn fund entered its fifth week of suspension.
Anger is growing among investors, many of whom feel they were not sufficiently warned about the fund’s liquidity risk, and fear heavy losses when the fund eventually reopens its doors.
How much longer will the suspension last?
The short answer is that nobody knows, but for at least another 28 days. The Financial Conduct Authority was informed on Monday that the fund was not ready to be reopened. The decision has to be reviewed at least every 28 days.
“Of course, we understand that people want access to their money, they are very frustrated by not being able to deal in the fund. But we are using the time . . . to ensure we get the right outcomes for our investors,” said Mr Woodford in a video statement to investors on Monday.
https://www.youtube.com/watch?v=Gm0KGhza5Ew
The ongoing suspension reflects the fund’s inability to meet a wave of redemption requests from investors while staying below a regulatory cap on hard-to-sell illiquid assets in the fund.
Mr Woodford promised this week that when the fund reopened there would be more liquid stocks from the FTSE 100 and 250 indices.
How are the asset sales progressing?
On Monday, it was announced that the fund manager had reduced his holdings in Raven Property and Horizon Discovery, two long-term investments. Mr Woodford has also sold down stakes in other listed companies over the past month, including BCA Marketplace, New River Reit and Oakley Capital Investments.
However, investment commentators feel sales of the fund’s non-listed assets will be more challenging, saying it is too early to speculate how far the value of units in the fund may fall at such a time when it is ready to reopen.
Why won’t Woodford waive management fees?
Woodford Investment Management confirmed this week that it is receiving £65,000 per day in fee income from the Equity Income fund, even though it remains suspended.
The fund management group has resisted calls to cut fees from Nicky Morgan MP, the head of the influential Treasury select committee. Andrew Bailey, head of the Financial Conduct Authority, has also said there are “good arguments for waiving fees” although there is no regulatory requirement to do so.
The group has said it believes the charges are justified, as the portfolio is still being managed.
What about Woodford’s other funds?
Mr Woodford’s other investment funds have also suffered. His open-ended vehicle, Income Focus, has seen its size drop by more than 40 per cent in the past month to £296m due to heavy withdrawals.
The company’s closed-ended Patient Capital Trust has shed 25 per cent of its share price over the same period.
Investors are angry — but what are regulators doing?
The FCA has launched an investigation into the events that led to the gating of Mr Woodford’s fund to investor redemptions, and Mr Bailey has already raised questions about how fund liquidity should be defined.
The Equity Income fund had managed to keep within the liquidity limits by listing stakes in some previously unlisted assets on Guernsey’s stock exchange. Mr Bailey told the Commons Treasury select committee that this was “sailing close to the wind”, adding: “Listing something on an exchange where trading does not actually happen, as far as I can see, does not actually count as liquidity.”
However, Mr Bailey also stressed how rare it was for funds to breach the EU’s 10 per cent cap on illiquid assets. Of around 3,000 open-ended UK funds, Mr Woodford’s fund and one other small fund were the only two to report a breach in the past year.
Bank of England governor Mark Carney was far more punchy in his assessment, telling MPs that funds that invested in illiquid assets but allowed investors instant access to their money were “built on a lie”, calling for changes to regulations.»
Redigert 21.01.2021 kl 06:33
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H-Capital
04.07.2019 kl 15:03
6778
https://www.hl.co.uk/news/articles/woodford-equity-income-suspension-extended
Woodford jobber nok hardt med å finne kjøpere av de illikvide aksjene. Finner ikke noe regelverk på hvor lenge fondet kan være suspended, så antar at et salg fra woodford kan strekke ut i tid... uansett får vi bare vente å se hvor kommende emisjon blir plassert. Jeg mener fremdeles 43øre er en rettferdig kurs, på veien mot konkurs når aksjemarkedet innser at FPC tar det potensielle markedet.
Woodford jobber nok hardt med å finne kjøpere av de illikvide aksjene. Finner ikke noe regelverk på hvor lenge fondet kan være suspended, så antar at et salg fra woodford kan strekke ut i tid... uansett får vi bare vente å se hvor kommende emisjon blir plassert. Jeg mener fremdeles 43øre er en rettferdig kurs, på veien mot konkurs når aksjemarkedet innser at FPC tar det potensielle markedet.
Redigert 21.01.2021 kl 06:33
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Et utdrag fra:
03.07.2019: https://www.ft.com/content/8b526046-9dac-11e9-b8ce-8b459ed04726
Woodford informs staff their jobs are under threat
«Neil Woodford’s crumbling investment business has informed staff their jobs are threatened a month on from the decision to suspend trading in his £3.5bn flagship fund.
It is understood that a “handful” of support staff roles are under review. The company’s most recent annual report showed it had 45 staff at the end of March 2018.
“We have reluctantly entered into redundancy consultations with a number of staff to advise them that their roles are at risk,” said a spokesperson for Woodford IM.
In a video statement to investors on Monday, Mr Woodford said he had structured his business to allow for periods of fewer staff and resources.»
03.07.2019: https://www.ft.com/content/8b526046-9dac-11e9-b8ce-8b459ed04726
Woodford informs staff their jobs are under threat
«Neil Woodford’s crumbling investment business has informed staff their jobs are threatened a month on from the decision to suspend trading in his £3.5bn flagship fund.
It is understood that a “handful” of support staff roles are under review. The company’s most recent annual report showed it had 45 staff at the end of March 2018.
“We have reluctantly entered into redundancy consultations with a number of staff to advise them that their roles are at risk,” said a spokesperson for Woodford IM.
In a video statement to investors on Monday, Mr Woodford said he had structured his business to allow for periods of fewer staff and resources.»
Redigert 21.01.2021 kl 06:33
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Sente
17.06.2019 kl 19:46
3508
Så du sier svenskene rømmer FPC til fordel for Idex? ;)
Men litt mer seriøst, hva legges i Citizenship? Ser at ING BANK N.V - EQUITY FINANCE har skiftet fra NED til NOR og har økt jevnt å trutt siden mars da den dukket først opp på listen. Er det et fond som har skiftet forvalter eller faktisk eier skifte av aksjene? Aksjene kjøpt på oppdrag så overført til norsk eier? Har ikke lagt merke til slikt før.
Men litt mer seriøst, hva legges i Citizenship? Ser at ING BANK N.V - EQUITY FINANCE har skiftet fra NED til NOR og har økt jevnt å trutt siden mars da den dukket først opp på listen. Er det et fond som har skiftet forvalter eller faktisk eier skifte av aksjene? Aksjene kjøpt på oppdrag så overført til norsk eier? Har ikke lagt merke til slikt før.
Redigert 21.01.2021 kl 06:24
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Avanza Bank AB på siste liste forteller at det er kommet inn en masse tullete svenske tradere :)
VERDIPAPIRFONDET DNB SMB er borte fra siste topp-20.
På side 37 i dagens FA skriver Stig Myrseth i Dovre Forvaltning at han anbefaler salg av IDEX, og anbefalte det på "Finansavisens årlige investorkonferanse, Investordagen, som ble avholdt i forrige uke". IDEX er Myrseths eneste salgkandidat. Han har fire kjøpkandidater.
VERDIPAPIRFONDET DNB SMB er borte fra siste topp-20.
På side 37 i dagens FA skriver Stig Myrseth i Dovre Forvaltning at han anbefaler salg av IDEX, og anbefalte det på "Finansavisens årlige investorkonferanse, Investordagen, som ble avholdt i forrige uke". IDEX er Myrseths eneste salgkandidat. Han har fire kjøpkandidater.
Redigert 21.01.2021 kl 06:24
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Sente
17.06.2019 kl 14:03
3611
Ny uke og ny liste.
Woodford har fortsatt ikke solgt en eneste aksje og topp 20 har økt med en million aksjer. Ikke store panikken å se på listene iallefall.
Woodford har fortsatt ikke solgt en eneste aksje og topp 20 har økt med en million aksjer. Ikke store panikken å se på listene iallefall.
Redigert 21.01.2021 kl 06:24
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"IDEX ASA issues this notice on behalf of Charles Street International Holdings Limited ("CSIHL")
Reference is made to IDEX's notice 30 January 2019 about issue of 53,437,500 new shares. CSIHL took part in the private placement and acquired 2,069,375 shares at NOK 4.00 per share. Following the issue, CSIHL will have a combined holding of 59,623,073 shares which represents 9.98% of the expanded number of shares and votes in IDEX."
Det var litt overraskende at røverne kjøpte Idex til "overpris", men det var vel del av et skuespill for å holde kursen oppe. Ellers har ikke røverne gjort noe for å øke beholdningen i Idex mens kursen har seget nedover. De har vel heller redusert.
Reference is made to IDEX's notice 30 January 2019 about issue of 53,437,500 new shares. CSIHL took part in the private placement and acquired 2,069,375 shares at NOK 4.00 per share. Following the issue, CSIHL will have a combined holding of 59,623,073 shares which represents 9.98% of the expanded number of shares and votes in IDEX."
Det var litt overraskende at røverne kjøpte Idex til "overpris", men det var vel del av et skuespill for å holde kursen oppe. Ellers har ikke røverne gjort noe for å øke beholdningen i Idex mens kursen har seget nedover. De har vel heller redusert.
Redigert 21.01.2021 kl 06:24
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...og Charles Street ga opp en andel på 38 166 736 aksjer i april. Inn kom Goldman Sachs. og de her etterfølgende økt med 2 269 375 aksjer. Så kan det være flere sider ved dette, men Charles Street var heller ikke med i kapitalforhøyelsen i Idex 2 måneder tidligere. Nøyaktig når samarbeidet sluttet, har da kanskje en formell side og noen tegn-i-tiden sider. Noen fotspor er der. Og hele historien er muligens ikke fortalt med en referanse til onsdag i forrige uke.
Redigert 21.01.2021 kl 06:24
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Et utdrag fra:
06.06.2019: https://www.ft.com/content/9831aeae-8851-11e9-97ea-05ac2431f453
Woodford’s relationship with St James’s Place went on too long
«Neil Woodford’s rise to the top of the fund management industry — and the best buy lists — was built on several close City relationships. Broker Cenkos brought him many, now questionable, small-cap stocks; investment platform Hargreaves Lansdown sent £3bn of retail customers’ money his way; wealth manager St James’s Place gave him £3.5bn to run on its clients’ behalf. But his fall from grace — as investors rushed to sell — has seen one of these bonds broken in the most dismissive, dispassionate way.
On Wednesday, St James’s Place ended an 18-year association with Mr Woodford in just four paragraphs. Its matter-of-fact stock exchange announcement stated it had “terminated its mandate” with him, distanced his “separate” SJP income funds from his suspended Woodford Equity Income Fund, and claimed the move was necessary to ensure clients’ money was “managed effectively”. It did not thank Mr Woodford for the inflows he had brought since 2001, nor mention the returns he had achieved up until 2014, nor explain how his own fund’s difficulties affected SJP clients in any way. It looked like the FTSE 100 institution had decided £3.5bn out of £103bn assets under management meant nothing — even though £3.5bn out of a fast-disappearing £8.6bn AUM still meant everything to Mr Woodford.»
----- ----- ----- ----- ----- -----
https://newsweb.oslobors.no/message/348697
«The board of IDEX ASA ("IDEX") has resolved a private placement of 2,400,000 new
shares in the company, to Cenkos Securities plc. ("Cenkos").
Cenkos earned 4.0 per cent commission, NOK 12.0 million, on the private
placement to funds managed by Invesco Asset Management Limited ("Invesco funds")
resolved on 29 January 2014. The commission was payable in shares or cash, as
determined by Cenkos, as stated in the listing prospectus dated 4 February
2014. Cenkos has notified IDEX that it wishes to receive the commission in the
form of shares in IDEX.
The shares to Cenkos are issued at the same subscription price as the shares
issued to the Invesco funds, NOK 5.- per share. 800,000 shares are restricted
for six months and 800,000 shares are restricted for 12 months.»
----- ----- ----- ----- ----- -----
https://newsweb.oslobors.no/message/381610
«The board of IDEX ASA ("IDEX") has resolved issue of combined 3,150,000 new
shares in the company, to Cenkos Securities plc ("Cenkos") and Charles Street
Securities Ltd. ("Charles Street").
Cenkos and Charles Street earned fees amounting to 4.0 and 2.0 per cent
respectively, on the private placement to funds managed by Woodford Investment
Management LLP ("Woodford funds") resolved by the extraordinary general meeting
in IDEX on 29 April 2015. The fees, amounting to NOK 11,865,000 and NOK
5,932,500 respectively, were payable in shares or cash, as determined by the
agents, as stated in the listing prospectus dated 7 May 2015. Both Cenkos and
Charles Street have notified IDEX that they wish to receive the commission in
the form of shares in IDEX.
2,100,000 shares are issued to Cenkos and 1,050,000 shares are issued to Charles
Street at the same subscription price as the shares issued to the Woodford
funds, NOK 5.65 per share. 1/3 of the shares shall be held for a minimum period
of 12 months from the date of issuance, 1/3 of the shares shall be held for a
minimum period of 6 months following the date of issuance, and the remaining
1/3 of the shares shall be free from restrictions.»
06.06.2019: https://www.ft.com/content/9831aeae-8851-11e9-97ea-05ac2431f453
Woodford’s relationship with St James’s Place went on too long
«Neil Woodford’s rise to the top of the fund management industry — and the best buy lists — was built on several close City relationships. Broker Cenkos brought him many, now questionable, small-cap stocks; investment platform Hargreaves Lansdown sent £3bn of retail customers’ money his way; wealth manager St James’s Place gave him £3.5bn to run on its clients’ behalf. But his fall from grace — as investors rushed to sell — has seen one of these bonds broken in the most dismissive, dispassionate way.
On Wednesday, St James’s Place ended an 18-year association with Mr Woodford in just four paragraphs. Its matter-of-fact stock exchange announcement stated it had “terminated its mandate” with him, distanced his “separate” SJP income funds from his suspended Woodford Equity Income Fund, and claimed the move was necessary to ensure clients’ money was “managed effectively”. It did not thank Mr Woodford for the inflows he had brought since 2001, nor mention the returns he had achieved up until 2014, nor explain how his own fund’s difficulties affected SJP clients in any way. It looked like the FTSE 100 institution had decided £3.5bn out of £103bn assets under management meant nothing — even though £3.5bn out of a fast-disappearing £8.6bn AUM still meant everything to Mr Woodford.»
----- ----- ----- ----- ----- -----
https://newsweb.oslobors.no/message/348697
«The board of IDEX ASA ("IDEX") has resolved a private placement of 2,400,000 new
shares in the company, to Cenkos Securities plc. ("Cenkos").
Cenkos earned 4.0 per cent commission, NOK 12.0 million, on the private
placement to funds managed by Invesco Asset Management Limited ("Invesco funds")
resolved on 29 January 2014. The commission was payable in shares or cash, as
determined by Cenkos, as stated in the listing prospectus dated 4 February
2014. Cenkos has notified IDEX that it wishes to receive the commission in the
form of shares in IDEX.
The shares to Cenkos are issued at the same subscription price as the shares
issued to the Invesco funds, NOK 5.- per share. 800,000 shares are restricted
for six months and 800,000 shares are restricted for 12 months.»
----- ----- ----- ----- ----- -----
https://newsweb.oslobors.no/message/381610
«The board of IDEX ASA ("IDEX") has resolved issue of combined 3,150,000 new
shares in the company, to Cenkos Securities plc ("Cenkos") and Charles Street
Securities Ltd. ("Charles Street").
Cenkos and Charles Street earned fees amounting to 4.0 and 2.0 per cent
respectively, on the private placement to funds managed by Woodford Investment
Management LLP ("Woodford funds") resolved by the extraordinary general meeting
in IDEX on 29 April 2015. The fees, amounting to NOK 11,865,000 and NOK
5,932,500 respectively, were payable in shares or cash, as determined by the
agents, as stated in the listing prospectus dated 7 May 2015. Both Cenkos and
Charles Street have notified IDEX that they wish to receive the commission in
the form of shares in IDEX.
2,100,000 shares are issued to Cenkos and 1,050,000 shares are issued to Charles
Street at the same subscription price as the shares issued to the Woodford
funds, NOK 5.65 per share. 1/3 of the shares shall be held for a minimum period
of 12 months from the date of issuance, 1/3 of the shares shall be held for a
minimum period of 6 months following the date of issuance, and the remaining
1/3 of the shares shall be free from restrictions.»
Redigert 21.01.2021 kl 06:24
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H-Capital
10.06.2019 kl 15:02
4077
Hva i alle dager?? Har de investert i så mye dritt da? Man har listen tilgjengelig gjennom bloomberg terminal. Kan se hva jeg finner i morgen.
Redigert 21.01.2021 kl 06:24
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Et utdrag fra:
10.06.2019: https://www.ft.com/content/37a20d1e-8b70-11e9-a1c1-51bf8f989972
Neil Woodford blocks customers from seeing full list of investments
«Neil Woodford has blocked investors from seeing the complete holdings in his three main funds as he drastically readjusts his portfolios to meet redemption requests.
Mr Woodford launched his investment management business five years ago with the promise to be as open with customers as possible. This included taking the unusual step of publishing the complete list of holdings in his three main funds, Equity Income, Income Focus and Patient Capital Trust.
But the dramatic decision by Mr Woodford’s investment business to suspend dealing in his £3.7bn equity income fund has prompted a change in stance.
“During the period of the LF Woodford Equity Income fund’s suspension and subsequent repositioning of its portfolio, we will only be showing the top 10 holdings of our three funds,” said Woodford Investment Management in a statement.
Trading in the equity income fund has been suspended for at least 28 days while Mr Woodford is able to sell enough assets to meet redemption requests and reduce the fund’s exposure to unlisted stocks.»
10.06.2019: https://www.ft.com/content/37a20d1e-8b70-11e9-a1c1-51bf8f989972
Neil Woodford blocks customers from seeing full list of investments
«Neil Woodford has blocked investors from seeing the complete holdings in his three main funds as he drastically readjusts his portfolios to meet redemption requests.
Mr Woodford launched his investment management business five years ago with the promise to be as open with customers as possible. This included taking the unusual step of publishing the complete list of holdings in his three main funds, Equity Income, Income Focus and Patient Capital Trust.
But the dramatic decision by Mr Woodford’s investment business to suspend dealing in his £3.7bn equity income fund has prompted a change in stance.
“During the period of the LF Woodford Equity Income fund’s suspension and subsequent repositioning of its portfolio, we will only be showing the top 10 holdings of our three funds,” said Woodford Investment Management in a statement.
Trading in the equity income fund has been suspended for at least 28 days while Mr Woodford is able to sell enough assets to meet redemption requests and reduce the fund’s exposure to unlisted stocks.»
Redigert 21.01.2021 kl 06:24
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Hvis du selger aksjer, hvorfor tror du at du først kan disponere pengene fritt 2 dager senere? Pga T+2 OPPGJØR! Megleren din leverer først fra seg aksjene du har solgt og får først pengene for dem av kjøper 2 dager etter at du har solgt. Seff kan du kjøpe aksjer for pengene, fordi megleren din først må betale selgeren av dem 2 dager senere, og da har han fått pengene for salget du gjorde.
Dagens IDEX topp-20 akjsonærliste er garantert SENEST per onsdag 5. juni 2019.
At IDEX ikke/aldri klarer å skrive riktig dato for beholdningene på topp-20 aksjonærlistene, viser bare hvor inkompetent gjengen der er.
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21.05.2014: https://www.vps.no/pub/innforing-av-t2
«I dag gjøres handel på Oslo Børs opp på T+3. Det vil si at partene som har utført en handel får levert henholdsvis verdipapirer eller penger tre dager etter at handelen er gjennomført. Unntaket er sertifikater med spotoppgjør som allerede gjøres opp på T+2. Som tidligere meddelt i pressemelding av 25. oktober 2013, legger Oslo Børs VPS opp til en overgang av oppgjørsperiode til T+2.»
https://www.oslobors.no/obnewsletter/download/e55fbc8c58d46f7699005bce068bbe1b/file/file/T+2%20QA.pdf
Dagens IDEX topp-20 akjsonærliste er garantert SENEST per onsdag 5. juni 2019.
At IDEX ikke/aldri klarer å skrive riktig dato for beholdningene på topp-20 aksjonærlistene, viser bare hvor inkompetent gjengen der er.
----- ----- ----- ----- ----- -----
21.05.2014: https://www.vps.no/pub/innforing-av-t2
«I dag gjøres handel på Oslo Børs opp på T+3. Det vil si at partene som har utført en handel får levert henholdsvis verdipapirer eller penger tre dager etter at handelen er gjennomført. Unntaket er sertifikater med spotoppgjør som allerede gjøres opp på T+2. Som tidligere meddelt i pressemelding av 25. oktober 2013, legger Oslo Børs VPS opp til en overgang av oppgjørsperiode til T+2.»
https://www.oslobors.no/obnewsletter/download/e55fbc8c58d46f7699005bce068bbe1b/file/file/T+2%20QA.pdf
Redigert 21.01.2021 kl 06:24
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Sente skrev Hvor skrev jeg at Idex er unotert?
Det har jeg faktisk ikke sett noe sted.
Redigert 21.01.2021 kl 06:24
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NEI, en del av lånebeløpet er sikret med (en del av) IDEX aksjene til WF.
Redigert 21.01.2021 kl 06:24
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Sente
10.06.2019 kl 11:48
3810
Short under 0,5% viser ikke i SSR listen, som tilsvarer 3 millioner. Om noen har lånt 2 millioner av WF i short som kommer ikke dette opp i regiseret. Om det er short'et aksjer kan det tolkes positivt at de er nå tilbake, da shorteren ikke tror på videre nedgang.
Redigert 21.01.2021 kl 06:24
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Hvis shorting, burde ikke man relativt raskt komt opp på Finanstilsynets liste over korte posisjoner ?
Man må være relativt stor, over 3 000 000 aksjer for å komme i noe volum og verdi. Samtidig, har man en shortposisjon blir det vanskelig å selge aksjer / lukke posisjon før den er dekket inn igjen. Det er typisk en veldig langsiktig, som låner ut til short.
Man må være relativt stor, over 3 000 000 aksjer for å komme i noe volum og verdi. Samtidig, har man en shortposisjon blir det vanskelig å selge aksjer / lukke posisjon før den er dekket inn igjen. Det er typisk en veldig langsiktig, som låner ut til short.
Redigert 21.01.2021 kl 06:24
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Sente
10.06.2019 kl 10:36
3867
Godt poeng, jeg trodde børsen holdt oversikt over hvem som kjøper og selger, og det var bare å summere opp dette i en database og få en ferdig liste over eiere. Men hvis VPS må telle opp/distribuere aksjene etter et par dager så er det mulig listen er forsinket ja.
Redigert 21.01.2021 kl 06:24
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Sente
10.06.2019 kl 10:30
3874
Prøver du å påstå at hele belåningen er sikret med Idex aksjer og kun disse må selges om denne belåningen må dekkes inn?
Redigert 21.01.2021 kl 06:24
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H-Capital
10.06.2019 kl 10:29
3878
Husk at VPS et T+2d.. så dagens lister er handel fra og med 30. mai til og med 5. juni.
Et alternativ til hvorfor de øker, kan være at WF støttekjøper med 2m for å holde kursen oppe fordi de jobber med salg av aksjene til noen som vil kjøpe større andel. Sett i lys av at de ikke har startet salget over børs, og det rasjonelle er å selge blokker hvis mulig
Et alternativ til hvorfor de øker, kan være at WF støttekjøper med 2m for å holde kursen oppe fordi de jobber med salg av aksjene til noen som vil kjøpe større andel. Sett i lys av at de ikke har startet salget over børs, og det rasjonelle er å selge blokker hvis mulig
Redigert 21.01.2021 kl 06:24
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Det var 15 000 000 aksjer i omløp i forrige uke. Da tenker jeg listen fra fredag ikke er oppdatert med endringer fra torsdag og fredag, som var de store dagene hva handel gjelder.
Hva jeg tror og satser på, er at det er mindre krise og mer kontroll i det som pågår. At det skjer en riktig timet IPO mot London. At det skjer etter markedet tar av og vi har verdidrivende nyheter som støtter opp under dette. Selv at situasjonen er under kontroll, vil skape ro.
Hva jeg tror og satser på, er at det er mindre krise og mer kontroll i det som pågår. At det skjer en riktig timet IPO mot London. At det skjer etter markedet tar av og vi har verdidrivende nyheter som støtter opp under dette. Selv at situasjonen er under kontroll, vil skape ro.
Redigert 21.01.2021 kl 06:24
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En teori er at Woodford må selge, noen ser det, og selger seg da ned i illikvide posisjoner i forkant. Kombinert med litt Trump og handelskrig, så har man noe forklaringsgrad på siste periodes hendelser både generelt og selskapsspesifikt. Men, fra starten på mars har de 20. største eierne økt sine beholdninger med rundt 5 000 000 aksjer. Da har vi en nedgang i aksjer eid på småaksjonærer med 5/125 = 4%.
Så ser det ikke ut som volum som gikk i markedet sist torsdag, og fredag, har hatt noen betydning for eiersammensetningen. Da, at det er et etterslep som ikke registreres inn før i neste uke.
Idex er en liten eksponering for Woodford. Men, selvfølgelig, en mulig stor oppside!
Så er det et spørsmål om belåning. Det som er lav belåning, blir større belåning når man kvitter seg med andre, likvide, posisjoner når investor trekker ut midlene sine. Woodford selv hevder enkelte av de illivide posisjonene er på vei mot IPO, og at likviditet og risiko med det er noe mer nyansert. Her snakker han om 12-18 mnd. Mange vil hevde Woodford har elendig prestasjon. Grafene forteller en historie. Men han har hatt god hjelp av Brexit.
Nå var det omtale av sidenotering på London eller Usa for Idex ved gjennomgang av siste kvartalstall. Da har både Woodford og Idex v / Stan pratet noe om dette. En mulighet, er at Woodford timer dette. At det er større kontroll og mindre krise i de hendelsene som nå skjer.
I så måte, veldig spennende å se hva som skjer på neste, oppdaterte aksjeliste.
Så ser det ikke ut som volum som gikk i markedet sist torsdag, og fredag, har hatt noen betydning for eiersammensetningen. Da, at det er et etterslep som ikke registreres inn før i neste uke.
Idex er en liten eksponering for Woodford. Men, selvfølgelig, en mulig stor oppside!
Så er det et spørsmål om belåning. Det som er lav belåning, blir større belåning når man kvitter seg med andre, likvide, posisjoner når investor trekker ut midlene sine. Woodford selv hevder enkelte av de illivide posisjonene er på vei mot IPO, og at likviditet og risiko med det er noe mer nyansert. Her snakker han om 12-18 mnd. Mange vil hevde Woodford har elendig prestasjon. Grafene forteller en historie. Men han har hatt god hjelp av Brexit.
Nå var det omtale av sidenotering på London eller Usa for Idex ved gjennomgang av siste kvartalstall. Da har både Woodford og Idex v / Stan pratet noe om dette. En mulighet, er at Woodford timer dette. At det er større kontroll og mindre krise i de hendelsene som nå skjer.
I så måte, veldig spennende å se hva som skjer på neste, oppdaterte aksjeliste.
Redigert 21.01.2021 kl 06:24
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Sente
10.06.2019 kl 10:20
3868
Listen er fra 7 juni som er fredag.
De første meldingene fra Woodford var at han måtte investere mindre i unoterte selskaper. Da er det mulig han flyttet noe av verdien til Idex.
"As we announced in March, and clarified in May, Neil is repositioning the Woodford Equity Income Fund portfolio to reduce the fund’s exposure to illiquid and unquoted investments, down to zero. " Ref: Woodfordfunds.com
Med tanke på økningen i Idex vil dette si at Woodford mener Idex ikke er illiquid.
De første meldingene fra Woodford var at han måtte investere mindre i unoterte selskaper. Da er det mulig han flyttet noe av verdien til Idex.
"As we announced in March, and clarified in May, Neil is repositioning the Woodford Equity Income Fund portfolio to reduce the fund’s exposure to illiquid and unquoted investments, down to zero. " Ref: Woodfordfunds.com
Med tanke på økningen i Idex vil dette si at Woodford mener Idex ikke er illiquid.
Redigert 21.01.2021 kl 06:24
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Woodford fondene er belånt med ca GBP 250 mill (NOK 2,75 mrd).
Er IDEX aksjer stilt som sikkerhet, og WF risikerer tvangssalg hvis kursen falle under X, f.eks.1 krone?
Både Abu Dhabi og Invesco fortsetter å selge, ned hhv -1 426 401 og -135 843.
Er IDEX aksjer stilt som sikkerhet, og WF risikerer tvangssalg hvis kursen falle under X, f.eks.1 krone?
Både Abu Dhabi og Invesco fortsetter å selge, ned hhv -1 426 401 og -135 843.
Redigert 21.01.2021 kl 06:24
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Sente skrev Hvor skrev jeg at Idex er unotert?
Vet ikke, har ikke sett det.
Redigert 21.01.2021 kl 06:24
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H-Capital
10.06.2019 kl 09:12
3888
Dette var lister t.o.m onsdag forrige uke. Kanskje økningen var tidlig i uken før flere av investorene trakk seg ut? Kanskje de var lånt ut til short?
Redigert 21.01.2021 kl 06:24
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Sente
10.06.2019 kl 09:05
3890
Nye aksjonærlister er nå ute.
Noen som har en teori hvorfor Woodford øker i Idex istedenfor å selge seg ut? Det ene fondet har økt med nøyaktig 2 millioner aksjer, mens det andre står på stedet hvil.
Noen som har en teori hvorfor Woodford øker i Idex istedenfor å selge seg ut? Det ene fondet har økt med nøyaktig 2 millioner aksjer, mens det andre står på stedet hvil.
Redigert 21.01.2021 kl 06:24
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Et utdrag fra:
05.06.2019: https://www.ft.com/content/f00c05e4-86e3-11e9-97ea-05ac2431f453
How Woodford’s biggest bets have performed
«In August 2015, in the first manager’s report for his Patient Capital Trust, Neil Woodford revealed the top ten holdings in his new fund targeting early-stage businesses.
Four years on, with Mr Woodford mired in a crisis over fleeing investors and terrible returns, seven of those Patient Capital stocks have fallen in value by 80 per cent on average.
Across Mr Woodford’s funds, a list of some of his biggest investments show poor performance has been the rule rather than the exception.
Northwest Biotherapeutics (position disclosed 2014, down 95 per cent since then)
Prothena (disclosed 2015, down 82 per cent)
Verseon (disclosed 2015, down 81 per cent)
Circassia Pharmaceuticals (disclosed 2015, down 94 per cent)
Capita (disclosed 2014, down 85 per cent)
Kier (disclosed 2018, down 84 per cent)
Imperial Brands (disclosed 2015, down 41 per cent)
Mr Woodford’s other contrarian bets on the UK economy have proved little better, with money lender Provident Financial and AA, the roadside repairs group, both down 79 per cent since first disclosure.»
05.06.2019: https://www.ft.com/content/f00c05e4-86e3-11e9-97ea-05ac2431f453
How Woodford’s biggest bets have performed
«In August 2015, in the first manager’s report for his Patient Capital Trust, Neil Woodford revealed the top ten holdings in his new fund targeting early-stage businesses.
Four years on, with Mr Woodford mired in a crisis over fleeing investors and terrible returns, seven of those Patient Capital stocks have fallen in value by 80 per cent on average.
Across Mr Woodford’s funds, a list of some of his biggest investments show poor performance has been the rule rather than the exception.
Northwest Biotherapeutics (position disclosed 2014, down 95 per cent since then)
Prothena (disclosed 2015, down 82 per cent)
Verseon (disclosed 2015, down 81 per cent)
Circassia Pharmaceuticals (disclosed 2015, down 94 per cent)
Capita (disclosed 2014, down 85 per cent)
Kier (disclosed 2018, down 84 per cent)
Imperial Brands (disclosed 2015, down 41 per cent)
Mr Woodford’s other contrarian bets on the UK economy have proved little better, with money lender Provident Financial and AA, the roadside repairs group, both down 79 per cent since first disclosure.»
Redigert 21.01.2021 kl 06:24
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Et utdrag fra:
09.06.2019: https://www.ft.com/content/cb96b3a0-888a-35e8-acce-3c900611e259
Hedge funds circle Woodford’s investment trust
«Hedge funds are circling Neil Woodford’s investment trust, along with several companies he invests in, as the fallout from the trading freeze on his largest fund is set to continue into a second week.
The Woodford Patient Capital Trust, a closed-ended vehicle that focuses on companies with long-term prospects, is the most bet-against investment trust in the FTSE 350 by some margin. Analysts are also speculating about whether its 28 per cent discount to net asset value (NAV), a measure of an investor sell-off, would invite attention from activist hedge funds. Patient Capital shares sank to a fresh all-time low of 62.5p on Friday, down more than 30 per cent from their high in January.
“The discount will no doubt appeal to some bargain hunter,” said Peter Sudlow, a financial adviser at Sapienter Wealth Management. “The boards of investment trusts are meant to be independent and can change the investment manager. How long until the board [of Patient Capital] feels shareholder pressure?”
Short positions, or bets, against Patient Capital have risen to 4.4 per cent of stock, up from 2 per cent at the beginning of March, according to IHS Markit, the data provider.
Another threat to the Patient Capital Trust is its leverage. It is close to the maximum in its £150m overdraft with Northern Trust, the fund’s depositary. The overdraft was extended this year and is due to expire in January.
Repaying the overdraft would require liquidating about a sixth of the trust’s portfolio, according to one person with knowledge of the business. “That’s assuming the current valuations stand up. In the current climate it’s not inconceivable that Northern Trust would look to wind down their exposure when the term ends rather than roll it on for another year,” the person said.
Iain Scouller, a managing director at investment bank Stifel, said the board’s intentions to cut debt from levels of close to 20 per cent of NAV pointed to “sales of unquoted investments in the weeks and months ahead”.
Woodford said it expected the overdraft facility to continue uninterrupted. “The credit facility to WPCT continues to operate as agreed and subject to WPCT maintaining ongoing compliance with the related terms and conditions contained within that facility,” it said.»
09.06.2019: https://www.ft.com/content/cb96b3a0-888a-35e8-acce-3c900611e259
Hedge funds circle Woodford’s investment trust
«Hedge funds are circling Neil Woodford’s investment trust, along with several companies he invests in, as the fallout from the trading freeze on his largest fund is set to continue into a second week.
The Woodford Patient Capital Trust, a closed-ended vehicle that focuses on companies with long-term prospects, is the most bet-against investment trust in the FTSE 350 by some margin. Analysts are also speculating about whether its 28 per cent discount to net asset value (NAV), a measure of an investor sell-off, would invite attention from activist hedge funds. Patient Capital shares sank to a fresh all-time low of 62.5p on Friday, down more than 30 per cent from their high in January.
“The discount will no doubt appeal to some bargain hunter,” said Peter Sudlow, a financial adviser at Sapienter Wealth Management. “The boards of investment trusts are meant to be independent and can change the investment manager. How long until the board [of Patient Capital] feels shareholder pressure?”
Short positions, or bets, against Patient Capital have risen to 4.4 per cent of stock, up from 2 per cent at the beginning of March, according to IHS Markit, the data provider.
Another threat to the Patient Capital Trust is its leverage. It is close to the maximum in its £150m overdraft with Northern Trust, the fund’s depositary. The overdraft was extended this year and is due to expire in January.
Repaying the overdraft would require liquidating about a sixth of the trust’s portfolio, according to one person with knowledge of the business. “That’s assuming the current valuations stand up. In the current climate it’s not inconceivable that Northern Trust would look to wind down their exposure when the term ends rather than roll it on for another year,” the person said.
Iain Scouller, a managing director at investment bank Stifel, said the board’s intentions to cut debt from levels of close to 20 per cent of NAV pointed to “sales of unquoted investments in the weeks and months ahead”.
Woodford said it expected the overdraft facility to continue uninterrupted. “The credit facility to WPCT continues to operate as agreed and subject to WPCT maintaining ongoing compliance with the related terms and conditions contained within that facility,” it said.»
Redigert 21.01.2021 kl 06:24
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Ja jeg vet ikke, , det er jo så mye negativt om Idex, så jeg vet ikke om det er noe å satse på-
Redigert 21.01.2021 kl 06:24
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vi trenger ikke å synes synd på Woodford han har melket kundene lenge med sine med årlig admin fee så han er en holden mann
bare for han å investere for egne penger i fremtiden :-)
typisk at det er lett å gamble med andres penger akkurat som Oljefondet gjør
bare for han å investere for egne penger i fremtiden :-)
typisk at det er lett å gamble med andres penger akkurat som Oljefondet gjør
Redigert 21.01.2021 kl 06:24
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Et utdrag fra:
07.06.2019: https://www.ft.com/content/7264d3c0-8871-11e9-97ea-05ac2431f453
Invesco’s Barnett seeks to distance himself from mentor Woodford
«Mark Barnett, the portfolio manager who stepped into Neil Woodford’s shoes at Invesco, has sought to distance himself from the crisis engulfing his mentor by insisting that his funds have a much more “balanced” approach.
Mr Woodford’s decision this week to stop investors pulling money from his flagship fund after a sustained period of poor performance has angered customers, drawn scrutiny from regulators and cast a shadow over those with ties to the former star stock picker.
Mr Barnett became head of UK equities for Invesco in 2014 after Mr Woodford set up his own firm. The two funds inherited by Mr Barnett have since been beset by investor withdrawals of about £17.5bn and battered by poor performance.
As a result, assets managed in the Invesco High Income fund have shrunk from £13.9bn in October 2013 to £7.5bn at the end of April, while the Invesco Income fund has declined from £10.2bn to £3.3bn, according to Morningstar, the data provider.
The Invesco High Income fund has delivered a total return, including reinvested dividends and net of fees, of 16.5 per cent, while the Invesco Income fund has returned 16.1 per cent since Mr Barnett took over as lead portfolio manager. Over the same period, the FTSE All-Share index has handed investors a return of 31 per cent.
The fact that the two managers, who worked together for 17 years, have overlapping holdings in multiple companies in their funds has also drawn scrutiny given the mutual interest that such a situation creates.»
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Sånn er det. Er du en lysende [lede]stjerne på [finans]himmelen, vil ALLE være venn med deg. Faller du ned, vil ingen være venn med deg lengre eller vedkjennes at de tidligere var en venn/beundrer.
07.06.2019: https://www.ft.com/content/7264d3c0-8871-11e9-97ea-05ac2431f453
Invesco’s Barnett seeks to distance himself from mentor Woodford
«Mark Barnett, the portfolio manager who stepped into Neil Woodford’s shoes at Invesco, has sought to distance himself from the crisis engulfing his mentor by insisting that his funds have a much more “balanced” approach.
Mr Woodford’s decision this week to stop investors pulling money from his flagship fund after a sustained period of poor performance has angered customers, drawn scrutiny from regulators and cast a shadow over those with ties to the former star stock picker.
Mr Barnett became head of UK equities for Invesco in 2014 after Mr Woodford set up his own firm. The two funds inherited by Mr Barnett have since been beset by investor withdrawals of about £17.5bn and battered by poor performance.
As a result, assets managed in the Invesco High Income fund have shrunk from £13.9bn in October 2013 to £7.5bn at the end of April, while the Invesco Income fund has declined from £10.2bn to £3.3bn, according to Morningstar, the data provider.
The Invesco High Income fund has delivered a total return, including reinvested dividends and net of fees, of 16.5 per cent, while the Invesco Income fund has returned 16.1 per cent since Mr Barnett took over as lead portfolio manager. Over the same period, the FTSE All-Share index has handed investors a return of 31 per cent.
The fact that the two managers, who worked together for 17 years, have overlapping holdings in multiple companies in their funds has also drawn scrutiny given the mutual interest that such a situation creates.»
----- ----- ----- ----- ----- -----
Sånn er det. Er du en lysende [lede]stjerne på [finans]himmelen, vil ALLE være venn med deg. Faller du ned, vil ingen være venn med deg lengre eller vedkjennes at de tidligere var en venn/beundrer.
Redigert 21.01.2021 kl 06:24
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På siste IDEX topp-20 liste har WF 167 576 894 IDEX aksjer = 28,03%.
For å komme under 25% (149 438 009) og flagge, må WF selge og/eller flytte 18 138 885 IDEX aksjer til andre.
For å komme under 25% (149 438 009) og flagge, må WF selge og/eller flytte 18 138 885 IDEX aksjer til andre.
Redigert 21.01.2021 kl 06:24
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Et utdrag fra:
07.06.2019: https://www.ft.com/content/277c1d5e-893f-11e9-97ea-05ac2431f453
Woodford in scramble to raise cash after devastating week
«Neil Woodford’s wounded fund management empire has sold or transferred close to £600m of stock since the suspension of its flagship £3.7bn fund on Monday, as the one-time star UK stockpicker scrambles to raise cash.
Signs that Mr Woodford is unwinding his long-held stock positions will heighten fears of a fire sale of assets in the funds, which have already weighed on share prices of companies across the portfolio as scrutiny intensifies of his firm’s recent conduct.
Mr Woodford, however, hit back at suggestions he was liquidating his portfolio. “This is categorically not a fire sale,” said a Woodford spokesman. “Neil has sold £95m of stocks this week as he continues to reposition the £3.7bn Woodford Equity Income Fund portfolio.”
This week’s stock market trades reflect close to £100m of equity sales by Mr Woodford’s funds, which need to raise liquidity to meet a potentially devastating call for cash when they reopen for trading.
The remainder mostly reflect the transfer of shares to new managers of funds for St James’s Place, the wealth manager and longstanding backer that this week yanked a separate £3.5bn investment mandate from Mr Woodford’s firm.
Philip Warland, an investment industry veteran who advises UK fund boards, said Mr Woodford needed to “create a liquidity pool of at least £1bn”.
Woodford Investment Management managed assets of more than £15bn two years ago but it had fallen to £10bn in March. On Friday, its assets were below £5bn, with some three-quarters of that in the stricken equity income fund»
07.06.2019: https://www.ft.com/content/277c1d5e-893f-11e9-97ea-05ac2431f453
Woodford in scramble to raise cash after devastating week
«Neil Woodford’s wounded fund management empire has sold or transferred close to £600m of stock since the suspension of its flagship £3.7bn fund on Monday, as the one-time star UK stockpicker scrambles to raise cash.
Signs that Mr Woodford is unwinding his long-held stock positions will heighten fears of a fire sale of assets in the funds, which have already weighed on share prices of companies across the portfolio as scrutiny intensifies of his firm’s recent conduct.
Mr Woodford, however, hit back at suggestions he was liquidating his portfolio. “This is categorically not a fire sale,” said a Woodford spokesman. “Neil has sold £95m of stocks this week as he continues to reposition the £3.7bn Woodford Equity Income Fund portfolio.”
This week’s stock market trades reflect close to £100m of equity sales by Mr Woodford’s funds, which need to raise liquidity to meet a potentially devastating call for cash when they reopen for trading.
The remainder mostly reflect the transfer of shares to new managers of funds for St James’s Place, the wealth manager and longstanding backer that this week yanked a separate £3.5bn investment mandate from Mr Woodford’s firm.
Philip Warland, an investment industry veteran who advises UK fund boards, said Mr Woodford needed to “create a liquidity pool of at least £1bn”.
Woodford Investment Management managed assets of more than £15bn two years ago but it had fallen to £10bn in March. On Friday, its assets were below £5bn, with some three-quarters of that in the stricken equity income fund»
Redigert 21.01.2021 kl 06:24
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Møyfrid
07.06.2019 kl 13:29
4427
Klassisk pump&dump.
Redigert 21.01.2021 kl 06:24
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