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Woodford sold his investment in January 2015.

Discussion in 'General Share Chat' started by Steamy, Apr 26, 2015.

  1. Inspiration

    Inspiration Moderator Moderator

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    One FTSE 100 company that he has exited entirely is medical firm Smith & Nephew, a £10 billion market cap constituent of the FTSE 100.

    Woodford commented that the company has been subject to bid speculation, and while he acknowledges that a bid for the company might lead to ‘considerable’ appreciation in the share price, the shares are already ‘near their all-time highs, so we feel that there are better opportunities elsewhere’.
     
  2. Steamy

    Steamy Co-Founder of BlueShare Staff Member Moderator

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    He is rarely wrong, he sold TESCO to Buffet.
     
    Inspiration likes this.
  3. Mongoose82

    Mongoose82 A Legendary Member

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    "Smith & Nephew’s Q1 16 results (trading update) came in marginally below analysts’ expectation (sales of $1.14bn vs. consensus estimate of $1.17bn). The revenue growth of 3% was a function of underlying growth of 4%, acquisition benefits of 2% and currency headwinds of 3%. Franchise-wise, the robust performance of sports medicine, knee/hip implants and advanced wound devices was negated to some extent by the underperformance of trauma & extremities and advanced wound bioactives. Management has maintained its FY 16 outlook of good underlying revenue growth (not quantified). The forex situation has slightly improved and management now sees a negative impact of 0-1% (from an earlier 2-3%) on full-year revenue."

    AlphaValue broker note out this morning: https://www.research-tree.com/company/GB0009223206
     
    Inspiration likes this.

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