Schroders Capital Global Innovation Trust (INOV)

Sector:

Investment Firms

Index:

FTSE Small Cap

12.80p
   
  • Change Today:
    -0.13p
  • 52 Week High: 15.50
  • 52 Week Low: 12.00
  • Currency: UK Pounds
  • Shares Issued: 839.26m
  • Volume: 1,556,118
  • Market Cap: £107.43m

Woodford Patient Capital Trust declines in maiden results

By Josh White

Date: Tuesday 22 Mar 2016

LONDON (ShareCast) - (ShareCast News) - Neil Woodford's latest investment vehicle Woodford Patient Capital Trust saw net asset value fall during 2015, by 2.6% to 97.38p, it reported in its maiden results on Tuesday.
The FTSE 250 company nonetheless described its investment opportunities as "better, deeper and richer" than first thought, with its portfolio now fully invested since launch in April.

It put the decline down to poor share price performance across the markets, saying the price performance of its investments had not been prompted by operational progress.

Woodford's board pointed out that the FTSE All Share Index had declined 7.5% in total return terms during the period, and was very pleased by the fundamental performance of the vast majority of its holdings.

"Since dealings in the company's shares commenced on the London Stock Exchange on 21 April 2015, Neil and his investment team have been busy building the portfolio, a process that was completed shortly before year end," said board chair Susan Searle.

"As the Woodford team has constructed the portfolio, the opportunity set has emerged as deeper and richer than originally anticipated, further strengthening already high levels of confidence in the investment rationale," she added.

Head of investment Neil Woodford said the firm had invested in a number of "incredible businesses" with "massively disruptive technology" and high growth potential.

"Some of these businesses may take a long time to fulfil their potential but the stock market is not well-endowed with patience, particularly in volatile conditions," he explained.

"Periodically, this manifests itself in share price weakness, especially in businesses with no earnings or dividends and relatively limited market liquidity, but therein lies the opportunity for patient capital to exploit."

Woodford described the portfolio as being in excellent shape, and said the board was viewing the future with great confidence.

The company proposed a dividend of 0.16p per share.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

INOV Market Data

Currency UK Pounds
Share Price 12.80p
Change Today -0.13p
% Change -0.97 %
52 Week High 15.50
52 Week Low 12.00
Volume 1,556,118
Shares Issued 839.26m
Market Cap £107.43m

INOV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
19.77% below the market average19.77% below the market average19.77% below the market average19.77% below the market average19.77% below the market average
45.35% below the sector average45.35% below the sector average45.35% below the sector average45.35% below the sector average45.35% below the sector average
Income Not Available
Growth Not Available

INOV Dividends

  Latest Previous
  Final Final
Ex-Div n/a 19-May-16
Paid n/a 10-Jun-16
Amount 0.000p 0.16p

Trades for 28-Mar-2024

Time Volume / Share Price
14:52 600,000 @ 13.13p
16:27 8,876 @ 12.71p
16:25 1,900 @ 12.71p
16:19 2,455 @ 12.71p
16:10 4,500 @ 12.71p

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