Stifel sees potential 22% upside in ex-Woodford trust

Investors in the trust, formerly Woodford Patient Capital, have had a rough ride since the company floated on the stockmarket. Shares have lost 70% on their IPO price and 75% since their 119p peak five years ago, having become embroiled in the liquidity crisis at the ill-fated Woodford Investment Management. Schroders took over the trust in December 2019, with fund buyers welcoming the move. Managers Ben Wicks and Tim Creed have been quick to outline their intentions as they look to turn the vehicle's fortunes around. Despite that, the discount on SUPP has only recently started to nar...