Nothing going to happen until the company can release data. Until then, keep loading the truck while the shorties try their scare tactics and price walk down on no news. If you thought it was worth 9 then the current price is Awesome to buy!!
My eye is on the BIG prize!!! I'm long plenty Jan 2017 $10 calls under $1.50 each, and I'm not going anywhere for a LONG time!!!!!! I have a few thousand shares to boot, that won't be sold either.
Tue, 21st Apr 2015 09:22
LONDON (Alliance News) - Shares in Woodford Patient Capital Trust PLC were trading higher after debuting on the London Main Market on Tuesday.
The trust raised GBP800 million in its initial public offering which, according to trade body the Association of Investment Companies, is the largest ever launch for a UK investment company.
The trust has been launched by Neil Woodford, the renowned former Invesco Perpetual fund manger who left the company to create his own fund house in 2014.
The trust issued 800 million shares at 100 pence per share and its shares were trading up 2.5% to 102.45 pence on Tuesday morning.
trying to manipulate low volume hahaha shorts you are not going to win this one sorry....the float is locked up and keeps getting bought up when shares come available.....the shorts pitiful game will end real soon. Use these dips to buy folks!
NWBO will no doubt be a hefty portion of this fund, guaranteed!
Getting in on the IPO
The public offering of shares in Woodford Patient Capital Trust opened last week and is expected to close by 5pm on Monday 13th April. Be warned, applications could well close early and without prior warning, so you should not hang about when applying.
As an investment trust, WPCT will be a London-listed company in its own right, and its shares will start trading at 8am on 21st April. Given the likely huge demand from investors keen to board Woodford's latest bandwagon, WPCT shares could enjoy a first-day 'pop' by leaping above their 100p fixed IPO price.
The minimum investment is £1,000 and there is no maximum. However, if total applications do exceed the £200-500 million fund-raising range, then investors' holdings could be scaled back to cope with excess demand.
As with other listed shares, WPCT shares can be held inside a tax-free ISA. So investors could buy up to £15,240 of the trust's share inside this tax shelter for the 2015/16 tax year.
What will Woodford buy?
According to WPCT's prospectus, Woodford will invest the funds raised as follows.
In early-stage science and technology-focused businesses, helping to plug the funding gap in the commercialisation of Britain's 'knowledge economy'.
As this portfolio develops over the next couple of years, it will move from investing in mature, medium-to-large businesses into small, developing companies (both quoted and unquoted) as opportunities arise.
In time, the trust's assets will comprise roughly 25% in mature companies, 25% in revenue-generating but still cash-flow-negative businesses, 25% early-stage companies (riskier and typically not even generating sales) and 25% other opportunities.
Up to three-fifths (60%) of the trust's assets could be in unquoted (unlisted) companies. By definition, these investments will be highly illiquid - difficult to buy and sell quickly - and may be valued only once every six months.
The big dogs are chewing up shares left and right......see you over $10 soon
I have been reinvesting the interest from the short borrow back into long shares!!!! Seems like shorts are starting to run for the hills....as they should.