I've been reading this board for quite some time and I'd like to thank the posters like Flipper, iwasdiver and others for their in-depth analysis and DD. I have been invested in NWBO for a few years now and this board is tremendously helpful. Just thought I'd share this quote from Neil Woodford's most recent blog post from yesterday.
"It’s important to remind investors of the very long-term nature of the Woodford Patient Capital Trust. We remain extremely confident in the long-term investment opportunity here, which is underpinned by the solid operational progress being made by many of our investee companies which isn’t yet reflected in valuations. If anything, this allows even more confidence in the investment opportunity now than we had at launch."
"We continue favour investment in attractively valued, dependable growth opportunities which are capable of delivering growth even in the difficult macroeconomic environment that we foresee. Meanwhile, the fortunes of our earlier-stage companies with considerable long-term growth potential will be largely determined by their own progress, not by macroeconomic factors. On balance, therefore, we remain confident in our ability to continue to deliver attractively positive long-term returns to investors."
Source: https://woodfordfunds.com/2015-year-in-review/