liquidity crisis

1792 days ago

Breaking News: Dealing in units in Neil Woodford's flagship fund suspended until further notice

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.

1792 days ago

Neil Woodford – do you still insist that my claim that the FCA is monitoring your crumbling empire is fake news?

At the AGM of the Woodford Patient Capital Trust (WPCT) which I attended, Neil Woodford insisted that his teetering fund management empire was suffering because of inaccurate media reporting and he singled out one journalist, my good self, in this respect. One of the things Neil reckons I have made up is that the FCA is monitoring his very serious liquidity crisis.

1864 days ago

Tom Winnifrith Bearcast - the death of Debenhams and number crunching Neil Woodford as he tells a massive fib

In today's bearcast I look at the almost certain death of Debenhams (DEB) and the wider issues in retail. Then I engage in some very detailed Neil Woodford number crunching as we unearth evidence of the severity of his liquidity crisis.  If you enjoyed this, almost, profanity free bearcast, follow a bloke from the Grim North who donated enough to buy a whole house in the welfare safari and support the Rogue Bloggers for Woodlarks HERE.

3964 days ago

Change of stance - First Property is it worth the risk?

I have long been a fan of First Property (FPO) the AIM listed property fund manager and investor but its exposure to Poland is worry as all the signs are that out East the shit is about to hit the fan. I wonder if it is worth the risk of hanging on in First Property? On balance I wouldn’t.

So what is going wrong in Poland? Well it is an emerging markets economy. And there is a growing global liquidity crisis which traditionally sees secondary “growth” markets take a beating. I note that Polish construction activity in May plunged by 28%. That is pretty dramatic and suggests to me that the Polish economy could be set for a rather rocky patch.