284 days ago
Disgraced ACD and enabler of the Neil Woodford scandal Link has written to victims asking for their help. Are you a patsy?
371 days ago
The FCA yesterday announced that subject to investors in Neil Woodford’s Equity Income Fund agreeing and to ACD Link making planned disposals then in due course punters would be receiving £235 million in compensation. That will claw back some of the losses folks suffered and I am sure that investors will welcome the news and support the package. But, the real villains are still sitting on £100 million of ill gotten gains.
1626 days ago
Eddie Stobart Holdings (ESL) still sees its shares suspended as the company can still not get its half year accounts bottomed out and published but a rescue plan today may well see the shares slung off AIM and the nature of the mega high interest loan injection makes it clear the equity is almost worthless. Well done Neil – this was a major holding in the Income Focus and Equity Income Funds.
1630 days ago
For some reason, Britain’s most disgraced fund manager held this AIM dog in his Equity Income Fund though the chances of it paying a dividend made my chances of getting lucky with Cheryl Cole look like a nailed down sure fire certainty. Today there is another body blow, clinical failure, but the real issue, if you do the maths, is looming insolvency.
1656 days ago
Soon to be ex-fund manager, Neil Woodford has not taken the decision to wind up his flagship Equity Income Fund and fire him at all well, as you can see below. But he is disgraced, will soon lose his other mandates and will almost certainly now face a full FCA enquiry. None the less some of his followers have not lost faith. Some folks are just so daft…
1657 days ago
Neil Woodford, Britain’s best known fund manager, has today been fired by his flagship Equity Income Fund which is to be wound down. Some in the corrupt deadwood press, like the Mail on Sunday, were still praising Woodford up to the date before EIF was gated in June. Others have turned bearish over the past few months having previously drunk the cool aid. But we first warned about Woodfoird in 2015 and 1000 articles and podcasts later, we were clearlty first and our journalism has been utterly vindicated as you can see HERE. Site Editor Tom Winnifrith gave a keynote address at UK Investor 2018, in April of that year, predicting exactly what would happen and highlighting numerous red flags. You can see that video below
1657 days ago
Link, the ACD, to Neil Woodford’s flagship Equity Income Fund has, after liaising with the FCA, announced that the fund will not be un-gated, allowing investors to redeem units in December, but will instead be wound down. And Neil Woodford’s Woodford Investment Management has been fired with immediate effect. That is the death knell for it. Our extensive warnings, in more than 1000 podcasts and articles since 2015, HERE are now utterly vindicated, Neil is finished.
1667 days ago
Having lost his last chum in the media today, Neil Woodford’s flagship Equity Income Fund has plunged in value since it was gated in early June from £3.7 billion to just over £2.9 billion – a 21% fall in four months when there were no redemptions. That is entirely down to Woodford’s stock trading genius. So….
1686 days ago
Evil hedge funds backed Boris as they were betting heavily on shares to crash claims the crazy cat woman Carole Cadwalladr to rapturous applause from fellow financial illiterates. No doubt the BBC will lap thus up but the only problem is that it is completely untrue. It is fake news. I discuss this plus a cunning escape plan put forward for Neil Woodford’s Equity Income Fund. But there are snags.
1686 days ago
Oh dear. Oh dear. That’s another fine mess you’ve got me into say unit holders in the Equity Income Fund (EIF) and shareholders in Woodford Patient Capital Trust (WPCT) today as hapless Neil reveals another £12.5 million black hole.
1694 days ago
Woodford Patient Capital Trust (WPCT) has today issued a shocking statement “Debt facility”. It shows that its banks ae now getting nervous and pulling all the strings. Boy, Neil Woodford must be glad that he has already sold most of his shares. The news also has grim implications for the Equity Income Fund.
1710 days ago
This looks like a doddle to investigate. The stock is ADM Energy (ADME) but will the FCA dare to challenge Shaikh Ahmed Bin Dalmook Al Maktoum or is insider dealing just an offence of you are a nobody? Then I look at the Eddie Stobart (ESL) fraud debacle, the Industrial Heat shambles, Woodford Patient Capital Trust (WPCT), the Equity Income Fund (which has today insisted it will look to ungate at Christmas… whatever) the Income Focus Fund (soon to be gated) and what today’s news says about the stupidity, arrogance and lack of ethics of Neil Woodford himself. Postscript: His Highness Sheikh Ahmed bin Dalmook bin Juma Al Maktoum is not to be confused with Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates and indeed a very wealthy man. I did confuse him but this is still a Dubai Royal, will the FCA take him on?
1762 days ago
So the EIF is gated for another 28 days. And then, you can bet, it will stay gated. To celebrate this fine achievement, Britain’s worst fund manager has recorded a video explaining, inter alia, why he will be selling his favourite stocks and that will lead to EIF outperforming going forward. Whatever…. Neil Woodford talks bollocks (again) is below.
1765 days ago
In this podcast I reflect on the birth of my daughter Olaf (Olivia) at just 26 weeks, weighing 1lb 4 oz all those years ago as she turns 18 today. I look at Boris Johnson’s proposed stamp duty bribe and why it is wrong at every level. I answer the questions I raised yesterday, about Chris Oil’s share trading in Union Jack Oil (UJO) and I discuss the “news” (it won’;t be to you dear listeners!) that Neil Woodford’s Equity Income Fund is being gated for a lot longer than the first announced 28 days.
1775 days ago
Maybe someone at the FCA has been reading our four years of groundbreaking Neil Woodford exposes after all. This afternoon its boss Andrew Bailey has written to Nicky Morgan MP with detailed information and the shock revelations that the FCA was monitoring toxic Neil from April 2018 (but did nothing) and that Woodford is now under a formal FCA investigation over the suspension of his flagship Equity Income Fund. The letter also reveals that the banks have now pulled the plug on EIF’s “emergency overdraft” which has been utilised for 18 months as a “temporary measure.” The leter is in full below.
1787 days ago
Neil Woodford has released a short video aimed at reassuring investors in his now suspended Equity Income Fund. It will have the opposite effect. It is stumbling, incoherent, in parts misleading and frankly Neil looks like an ill man who is under mammoth stress. I can see why.
1790 days ago
You cannot say that this website did not warn you so many times. Our coverage of Neil Woodford over the past two years has been streets ahead of the game – as you can see HERE – and now the drama has become a crisis. Dealing in units in Neil Woodford’s flagship Equity Income has been suspended ‘with immediate effect and until further notice’ after a spike in redemptions. We told you there was a liquidity crisis. We told you the FCA was on the case. As I called him out at his AGM, Neil Woodford accused me – by name – of publishing fake news. Sir, I am owed an apology.. So are your poor investors.
1836 days ago
In today’s podcast I look in detail at Managenent Resource Solutions (MRS), Yourgene (YGEN), First Derivatives (FDP) and hapless Neil Woodford and the crashing yield on his Equity Income Fund. How soon will that force Hargeaves Lansdown (HL.) to drop him? And I discuss my plans for weekend training walks as I urge you to become a hero as we surge through 25% of our Rogue Bloggers for Woodlarks target HERE
1857 days ago
In today's bearcast I speculate how Neil Woodford's flagship dog, his Equity Income Fund, appears to have lost £90 million since the weekend. I look at RM2 (RM2) - largest shareholder Mr Woodford - where a statement is needed as insolvency beckons, at Motof Bio (MTFB) and at Big Sofa (BST). I also discuss Dan Levi's bum and the problems generated by his latest 20 mile training walk for Woodlarks. If you'd rather I desisted from any further discussions of this nature make a donation to the Rogue Bloggers walk for Woodlarks NOW HERE
1885 days ago
Today we have news of a shocking transfer of unquoted crap from Woodford's flagship Equity Income Fund to Woodford Patient Capital Trust (WPCT). It may keep the FCA at bay on one point for a while but it is a joke that only serves to create fresh problems. And the RNS is misleading to boot on the issue of cash. Or lack of it. As I noted yesterday, the FCA would not tolerate this nonsense from any other fund manager but its pressure is forcing Nomates to act in an increasingly desperate manner. If you enjoyed this podcast please support the EIGHT rogue bloggers for Woodlarks with a small donation HERE
