Woodford Patient Capital hit by revaluations to two holdings

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...