Schroder UK Public Private Trust plc (SUPP)

Schroder UK Public Private Trust plc (SUPP)

Previously known as:
Previous TIDM: WPCT

Blog posts

Woodford Fund and Trust News

The good news for investors in the Woodford Patient Capital Trust (WPCT) is that Schroders are taking over management of the portfolio.  The share price promptly jumped upwards on...

Woodford Closing Down and How to Avoid Dud Managers

No sooner had I suggested that Neil Woodford should retire after his management company was fired from looking after the Woodford Equity Income Fund (see my personal blog article...

JESC and WPCT – Much in Common

Last week I received the Annual Report of JP Morgan European Smaller Companies Trust (JESC) which I have held since 2012. It has a good long-term performance but last year was disappointing. Net asset value return of minus 7.5% which is worse than their benchmark of minus 3.6%. The share price did even worse and it is now on a discount to NAV of nearly 15% as the discount has widened. The under-performance was attributed to poor stock selection. The Chairman, Carolan ...

Paying Illegal Dividends, Burford Capital, Woodford Patient Capital Trust and Zero Carbon Objective

A group of investors including Sarasin, Legal & General, Hermes and the UK Shareholders Association (UKSA) has written to Sir Donald Brydon who is undertaking a review of the audit market. They have yet again raised the question of whether the International Financial Accounting Standards (IFRS) are consistent with UK company law. In particular they question whether profits are sometimes being recognised, thus allowing the payment of illegal dividends. The particular issue is whether profits can arise on certain transactions under ...

Media Mentions

Telegraph, 22 October 2019, FCA not reviewing their handling of Woodford

Mark Northway, chairman of retail investor group ShareSoc and himself a holder of stock in Woodford's Patient Capital Trust, said: "There is a suggestion the regulator was asleep at the wheel, and therefore there is an onus on them to be transparent about the process they went through and the timing." see  

Evening Standard, 10 June 2019 – Woodford Patient Capital Trust

Story about Woodford funds quotes ShareSoc director Cliff Weight saying the FCA needs to protect retail investors.