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Woodford and right-hand man scooped up £1.5m payout months before fund implosion portfolio-adviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from portfolio-adviser.com Daily Mail and Mail on Sunday newspapers.
Former Woodford holding sees gains boosted by Oxford Nanopore success DNA sequencing start-up among bundle of stocks sold to Acacia Research in June last year Former Neil Woodford stock IP Group has announced its first ever dividend after a boost from underlying portfolio company Oxford Nanopore. Analysts at Jefferies noted IP Group’s portfolio gains during 2020 of £225m were well ahead of its forecast. The largest difference, it said, was an increase in the fair value of the Oxford Nanopore stake of £77m. This meant NAV was £155m, or 14p a share above forecast. Jeffries said IP Group’s 15% holding in Oxford Nanopore is now valued at £340m as the company itself is worth £2.3bn. ....
Schroders trust receives muted reception as it offloads ex-Woodford holdings at 20% discount Sale is expected to knock an additional 3.2% off NAV The Schroder UK Public Private trust has struck a deal to offload a handful of biotech stocks it inherited from Neil Woodford at a steep discount. The £220.8m trust revealed it would be selling a basket of largely unquoted stocks to an investment fund managed by UK life sciences venture capital firm, Rosetta Capital, for £49m. The sale price represents a 22% discount to the aggregate valuation for the holdings as at 30 September 2020 or 19% when adjusted for foreign exchange movements. ....