Woodford

Wellesley Investors Action Group

By Cliff Weight, Director, ShareSoc I encourage members to join the Wellesley Investors Action Group. You can do so here https://www.facebook.com/groups/wellesleyp2pcreditorsactiongroup Neil Taylor has brought this to my attention. ShareSoc is very willing to blog and tweet about this and encourage all those who have lost money in Wellesley to consider joining the Wellesley Investors Action Group. They have 300 members already which is a good start. But there were 11,700 investors affected, so ideally all should join the Action Group. The  336 ...

Latest Woodford Press Coverage

Woodford continues to attract much press coverage and we have set up a Forum page for our members so that all those who are interested can quickly see all the latest news and can also access previous articles. The Forum link is https://www.sharesoc.org/forums/topic/latest-news/ If you visit this topic you can subscribe so that you can get an email when there is an update and/or a comment. This is done by clicking the "Subscribe" link at the top of the topic page. Also, if ...

Investors’ Chronicle, 31 Dec 2020, Woodford, Misplaced Trust

The Investors’ Chronicle have published a long article today. https://www.investorschronicle.co.uk/news/2020/12/30/misplaced-trust/. We understand the Investors’ Chronicle has 30,000 readers. Most of the article describes what happened. The crunchy bit is at the end….. The mechanics Five law firms have considered the viability of taking legal action, but which is the best one to turn to? ShareSoc, ever the champion of the private shareholder, has endorsed Leigh Day, who decided that Link was most at fault. The firm says that the case stems from Link breaching ...

Mail on Sunday, 29 Nov 2020, ShareSoc has given its backing to Leigh Day class action against Link re Woodford

https://www.thisismoney.co.uk/money/investing/article-8996493/Woodford-Equity-Income-action-wins-key-backing-ShareSoc.html Shareholder organisation ShareSoc backs class action that seeks justice for investors who lost money in Woodford Equity Income By JEFF PRESTRIDGE, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:51, 28 November 2020 | UPDATED: 21:51, 28 November 2020 also in CityWire Citywire Financial Publishers Sunday Papers: Arcadia collapse sends Debenhams rescue … Mail on Sunday: ShareSoc, the powerful shareholder organisation, has given its backing to a class action being put together by law firm Leigh … 6 hours ago

Do Spivvy PE Funds IPO Their Investments at Inflated Prices? – and HM Treasury Consultation UK Listings Review

The AA 86% share price decline, coming on top of the Saga and Aston Martin makes me wonder if PE firms and others are exploiting those retail investors willing to buy into a fashionable story. I have to admit to losing money on Saga, whose share price is down 90% from its 2016 high. My mother-in-law was a huge fan of Saga and she gave me a present of Saga membership when I was 50, so when they were floated, I and ...

ShareSoc Launches Woodford Campaign

A ShareSoc News item written by ShareSoc Director Cliff Weight Update 1, 19 Nov 2020, SHARESOC LAUNCHES WOODFORD CAMPAIGN  Our primary objectives are: to facilitate communication between Woodford investors to help Woodford investors seek compensation for their losses where possibe to ensure that those who contributed to those losses through action or inaction are held to account to bring about changes in the regulations and regulatory enforcement to ensure this type of scandal does not happen again We are pleased that several legal initiatives have ...

Woodford Campaign

Update 25th November 2024 Click here to read Update 17 in full. ShareSoc Endorses the RGL Woodford Group Litigation against Hargreaves Lansdown This update examines the RGL Woodford Group Litigation and sets out the reasons for ShareSoc’s endorsement. ShareSoc believes that the potential benefits of the RGL Woodford Group Litigation against Hargreaves Lansdown outweigh the identified risks for the vast majority of claimants, and that it is in the interest of affected investors to participate. On this basis, ShareSoc has chosen to endorse the claim. The ...

The Vultures are Circling – Woodford, Carpetright et al

With the demise of the Neil Woodford’s empire and the winding up of the Woodford Equity Income Fund, investors are looking for whom to blame – other than themselves...

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, Buffett Bot and FRC Survey

There was a very good article in the FT on Saturday on the “rise and fall of a rock star fund manager”, i.e. Neil Woodford. Essential reading for those who...

Woodford and Hargreaves Lansdown

To follow up on my previous blog post over the collapse of Woodford Investment Management and how to avoid dud managers, the focus has now turned in the national...

AIM & remuneration disclosure: still room for improvement

Some of the problems and opportunities in AIM companies were highlighted in a recent blog by Minerva Analytics which I am reproducing with their permission below, writes Cliff Weight, ShareSoc Director. Unlike their main market peers, AIM companies are not obliged to follow the detailed legislation surrounding executive pay practice. After AIM Rule 26 was changed in March 2018, they now just have to disclose which governance code they follow. For many, that will be the QCA Governance Code. While cynics often suggest ...