gated

1540 days ago

BREAKING: Panic stations for Gervais Williams, Miton Small cap deluged by redemptions in January

No wonder Premier Miton has been so tardy in updating the market. It has emerged today that the Gervais Williams Smaller Companies Fund was deluged with redemptions in January on a scale which must beg the question of whether it will, Neil Woodford style, need to be gated.

1603 days ago

Tom Winnifrith Bearcast: £2.5 billion M&G fund gated, you were warned

Today’s news is shocking but should not shock you as I have warned this would happen. Anyone invested in commercial property shares is insane for reasons I explain again and as for an open-ended fund they are even more insane. I also look at the latest accounting wrongdoing at Ted Baker (TED) and M&C Saatchi (SAA). Do no auditors show professional scepticism these days. Then there is comment on Tomco (TOM) and value destruction. Oh and there is a snake story too.

1668 days ago

Reader Poll: what will Neil Woodford’s Equity Income Fund be worth when/if it is ungated?

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….

1715 days ago

Tom Winnifrith Bearcast: Sajid Javid = unprincipled tosser on house prices & the gating date for Woodford's Income Focus Fund

I start with the case of a banker Andrew Tinney who “acted without integrity” but thinks he has done nothing wrong. Discuss. Then ex banker Sajid Javid who wants to ramp up the housing asset bubble by switching stamp duty from buyer to seller. Why do you think he is oing that? Finally to Neil Woodford’s Income Focus Fund and a discussion of why it should be gated now but when it will actually be gated.

1763 days ago

Video: As Woodford's Equity Income Fund gated for another 28 days (at least) Neil explains (unconvincingly) the future

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.

1783 days ago

Tom Winnifrith Bearcast: back to BCA, the Big Short & timing Woodford's next gating

Sorry for the late bearcast, I enjoyed a long chat with Reuters (see Roger Lawson not all the deadwood press hates me!) on when Neil Woodford’s Income Focus Fund will be gated. It is a when not an if and I discuss what is going on under the surface. Then it is on to Pendragon (PDG) and BCA MarketPlace (BCA) which is more of a BIG SHORT - than ever. I look at Big Sofa (BST), Amphion (AMP) which looks like a zero and finally, in some detail, UK Oil & Gas (UKOG). Now back to the rising water levels at the Welsh Hovel.