Woodford apologises but role on WPCT remains uncertain

clock • 2 min read

Neil Woodford's role as manager of the Woodford Patient Capital trust (WPCT) remains uncertain as the board said it is still considering his role in the trust's half-year results. The trust's share price has halved this year and its net asset value (NAV) has dropped more than 13% in recent weeks after several of its largest holdings plummeted in value. The half-year report showed the trust had net assets of £654m on 30 June 2019, down from £807m at the end of 2018, a 26% decrease in net asset value in the first six months of the year. According to the results report, the trust ha...

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