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Woodford Patient Capital Trust – the adverse impact of leverage on performance

Tom Winnifrith
Tuesday 6 February 2018

As we await today's NAV from, deep in the merde, Woodford Patient Capital Trust (WPCT) as well as possible confirmation that his unquoted holdings have surged through the 80% limit as well as potentially news on how close he is to breaching the bank limit of 20% gearing, it is worth reminding ourselves of o0ne reason why he is in this mess - his high risk approach to leverage. 

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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