Woodford administrators still trying to sell stakes in Atom Bank 

Professional Surveyor Boards » Ask an Expert » Woodford administrators still trying to sell stakes in Atom Bank

Name Message
ritcha
Posts: 157

Joined: 1/14/2020
Topic  Woodford administrators still trying to sell stakes in Atom Bank       Flag »  Reply »
Administrators for one of former star money manager Neil Woodford's collapsed funds are still struggling to offload some of his investments, more than a year and a half after the fund began being wound up.

Link Fund Solutions wrote to investors in the Woodford Equity Income Fund on Monday to say it was still trying to sell some investments Woodford made through the fund. Administrators said they were "unable at this time to provide a specific date by which the Fund’s wind up will be complete and all cash returned to investors".

Link said it was seeking buyers for investments worth roughly £123.5m ($171.7m). Link is shopping around stakes in the following businesses:

Atom Bank, an app-only British challenger bank;

Benevolent AI, a startup that uses artificial intelligence in drug discovery;

Cambridge Innovation Capital, which invests in spin-outs from the University of Cambridge;

Mafic, a producer of high quality basalt fiber, which can be used for insulation or to make items flame retardant;

Nexeon, an electric battery materials company;

RM2, which makes internet-connected pallets for 'smart' supply chains;

Rutherford Healthcare, a proton beam therapy company;

Sabina Estates, an eco retreat on Ibiza, Spain.

All of the companies listed are private, which makes sales more challenging. Link said it hoped to shift the investments by the end of 2022 but was seeking the best price for investors and so didn't want to rush any sale. The company promised an update in November.

The Woodford Equity Income Fund was once one of Britain's most popular retail investment funds, worth over £10bn at its peak. However, interest began to wane after around 2017 and Woodford was eventually forced to suspend withdrawals in June 2019. The money manager had invested an unusually large amount of illiquid private companies and struggled to sell quickly enough to meet withdrawals.

Read more: joker game
  Monday, August 2, 2021 at 4:56:27 AM
minnie
Posts: 80

Joined: 9/9/2021
Reply  Re: Woodford administrators still trying to sell stakes in Atom Bank Flag »  Reply »
Thanks for sharing the post.?? ??
  Thursday, September 9, 2021 at 3:43:16 PM
minnie
Posts: 80

Joined: 9/9/2021
Reply  Re: Woodford administrators still trying to sell stakes in Atom Bank Flag »  Reply »
Thanks for sharing the post. slot online.?????
  Thursday, September 9, 2021 at 3:43:58 PM
minnie
Posts: 80

Joined: 9/9/2021
Reply  Re: Woodford administrators still trying to sell stakes in Atom Bank Flag »  Reply »
I have a website to recommend. ??? ????????? pg
  Thursday, September 9, 2021 at 3:44:31 PM
starvip789
Posts: 432

Joined: 8/20/2021
Reply  Re: Woodford administrators still trying to sell stakes in Atom Bank Flag »  Reply »
joker game
  Monday, October 4, 2021 at 11:10:58 AM
starvip789
Posts: 432

Joined: 8/20/2021
Reply  Re: Woodford administrators still trying to sell stakes in Atom Bank Flag »  Reply »
PG
Thank you for the good information you share with us. invite you to visit our website
  Thursday, October 7, 2021 at 8:44:11 AM
starvip789
Posts: 432

Joined: 8/20/2021
Reply  Re: Woodford administrators still trying to sell stakes in Atom Bank Flag »  Reply »
SLOTXO
Thank you for the good information you share with us. invite you to visit our website
  Thursday, October 7, 2021 at 8:44:34 AM

Professional Surveyor Boards » Ask an Expert » Woodford administrators still trying to sell stakes in Atom Bank

 
» Reply to Woodford administrators still trying to sell stakes in Atom Bank Topic

In order to post a new message, you must first be logged into an account.