Woodford Patient Capital hit by revaluations to two holdings

Downward revaluation of Industrial Heat

clock • 1 min read

Link Fund Solutions has notified the board of Woodford Patient Capital that it has written down the value of IH Holdings (Industrial Heat) by 5p per share.

Link said the writedown reflected a "delay in operational progress" at the company. The revaluation has been partly offset by an upward revaluation to another holding, which Link did not name. It said the business had previously been written down in September 2019 due to a "challenging fundraising environment" but that it has since secured funding which has led to a revaluation, in respect of which the NAV will increase by 0.7p per share. The net effect of the revaluations is that the trust's NAV will reduce by 4.3p per share. In a note, J.P. Morgan Cazenove estimated Indu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Bikes, bias and the quest for outperformance

Bikes, bias and the quest for outperformance

I'm a disciple of the philosophy espoused by Lotus founder Colin Chapman: 'Add lightness'

Tobias Bucks
clock 14 July 2025 • 5 min read

Watch Professional Adviser's Working Lunch with Schroders - Beyond the Pulse: Essential insights for financial advisers in 2025

Catch up on the discussion

Professional Adviser
clock 10 July 2025 • 1 min read
Investors 'do not understand' implications of private markets investing

Investors 'do not understand' implications of private markets investing

House of Lords Financial Services Regulation Committee looked at the issues

Linus Uhlig
clock 09 July 2025 • 1 min read