Home Business News Neil Woodford company ‘pleased’ with progress

Neil Woodford company ‘pleased’ with progress

by LLB Reporter
10th Jun 19 10:48 am

Neil Woodford’s business said they are “pleased” with the progress of their portfolio companies, despite a dive in their share price.

Woodford Patient Capital Trust said their do not believe the operational performance of the portfolio has been “impacted” by recent events.

Woodford Patient Capital Trust has said they believe it “continues to have the potential to deliver attractive returns,” despite a slump in share value.

Susan Searle, chairwoman of Woodford Patient Capital Trust said, “The board is closely monitoring the situation and is engaging with its shareholders and advisers.

“Separately, the board is in regular dialogue with the portfolio manager.

“The board wishes to emphasise the long-term approach of the company and will continue to keep shareholders updated as necessary.”

Hargeaves Lansdown chief executive apologised to investors over the weekend after the company’s clients found their money trapped in Woodford’s ill-fated funds.

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