An Industrial Heat Investor Identified: Woodford Patient Capital Trust (UK Public Company)

Thanks to Nils Österström on Facebook for finding this story:

There’s a publicly traded British investment fund called Woodford Patient Capital Trust (UK Stock symbol WPTC) which, according to an article on the Citywire website, has invested a portion of its capital in Industrial Heat, LLC. The company explains its objective with the the fund:

“To achieve long-term capital growth through investing in a portfolio consisting predominantly of UK companies, both quoted and unquoted. The Company will aim to deliver a return in excess of 10% per annum over the longer term. (Note: this is a target only and not a profit forecast and there can be no assurance that it will be met.)”

The Citywire article mentions that WPTC invests mainly in early startups, and according to this article, it has taken a position in Industrial Heat:

WPCT’s unquoted investments look pretty interesting. Most are biotech companies but one that caught my eye was Industrial Heat, a company that is trying to make money from low energy nuclear reactions (aka cold fusion). If it can pull this off it should be worth a fortune, but I’m guessing there will be plenty of sceptics out there.

Industrial Heat is one of WPCT’s unquoted US investments. The US venture capital market has been really strong for a while now but UK investors haven’t really been able to access a listed vehicle to play this theme.

Since most individual investors are not able to buy shares in Industrial Heat, if you bought shares in WPTC, you would own a little bit of Industrial heat — along with shares in all other companies that WPTC invests in. I have not been able to determine how much of Industrial heat is owned, but it’s not a large percentage of the fund — see here for the top 10 holdings.

  • clovis ray

    Hi, parrott Jon
    You have a link to info about his nomination, we would be very pleased, to know

  • Nigel Appleton

    I keep about 5% of my investments in high risk equities – when they do pay off, they pay off big, and anyway I can afford to lose it (though I would sob quietly)
    So far, I’m showing a smallish net gain on this 5%

  • GreenWin

    The recent patent award should profit this investment greatly. Perhaps not in the near term bottom line – but over the life of the investment, having a US patent on even a single component of the E-Cat will be highly valuable. This suggests Mr. Woodford is a remarkably astute investor willing to lead rather than get out of the way.

  • GreenWin

    Uncle Bob is deeply frustrated by Dr. Rossi’s success it would seem. It is rather thinly disguised catastrophizing behavior.

    “Key to overcoming catastrophizing is making a distinction between
    something being significantly unpleasant and it being a catastrophe.”
    https://www.psychologytoday.com/blog/in-practice/201301/what-is-catastrophizing-cognitive-distortions

  • LarryJ

    Note that the stock symbol shown in this article has a typo. The actual symbol is WPCT. If you look it up on Finance.yahoo then the symbol is WPCT.L

  • Daniel Maris

    You don’t know what due diligence has been undertaken do you? So why are you getting so worked up about this. If you knew that due diligence had shown a real and substantial LENR effect wouldn’t you be a bit more relaxed about this? Why ARE you so worked up about other people’s investment decisions?

    • Warthog

      Which is precisely why I have my IRA investments in various mutual funds…..they can (and do) do a far more thorough job of due diligence that I could possibly do.

  • Nigel Appleton

    If it’s a 20 million investment, then the value of the trust wouod rise by(20 million x whatever factor the IH investment increases by)
    All else being equal

  • LuFong

    That would make it about a $20m investment.

  • oceans

    Uncle Bob its called investment diversification, Neil Woodford the astute fund manager may have made another excellent investment based on information his analysts have been presented.

    • Nigel Appleton

      Precisely so. Over the years Mr Woodford and his team(s) have made shedloads of money for their investors, regularly beating the benchmarks.

  • Nigel Appleton

    Neil Woodford is generally reckoned to be a very astute fund manager. A LOT of money followed him when he set.up this new fund.
    That being said I doubt he’s invested enough.in IH to affect his unit price if lenr fails to deliver.

  • builditnow

    Anyone know if there Is there any way the little guy can invest in Industrial Heat or Leonardo?

  • http://renewable.50webs.com/ Christopher Calder

    The best time to buy stocks is when the market is scared and there is “blood in the streets.” Buy low when people want to sell, and sell high when people want to buy.

    • Obvious

      Oh, like now?

      • http://renewable.50webs.com/ Christopher Calder

        Yep

      • Roland

        You might wait till the CSI 300 tests the 2150 level, which at the current rate of unraveling might not take long, before committing significant funds as this level will truly reflect ‘blood in the streets’.

    • oceans

      There are oil stocks that are at all time lows right now, you can make a killing on these right now, mostly would look at field services like BAS.- basic energy services for example.

    • Nigel Appleton

      Yes indeed. I managed to catch the rebound with CFD trades on the FTSE100 and the Dow.
      I’ll open a bottle of the ’96 Pauillac tonight!