Independent Assessors Mark Down Woodford Fund Based on Industrial Heat Stake

An article on the Yahoo UK Finance website today reports how Woodford Investment Management’s Woodford Patient Capital Trust fund has been devalued by independent assessors after they had written down the value of its stake in Industrial Heat. The overall valuation of the fund was reduced by around £30m.

From the article: “The board of the Woodford Patient Capital trust said in July that it was considering removing Woodford as manager of the trust and was holding conversations with other money managers.”

Since Industrial Heat has reportedly been largely invested in LENR/CF research, this is not a very good reflection on the field in terms of its commercial potential.