Woodford's role on WPCT remains uncertain

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 has reduced borrowings to £111.1m as at 26 September 2019, but it added that gearing as a percentage of NAV has increased due to the fall in NAV. Trust buyers split on Woodford Patient...