Who knows what the future holds, but arguably it has to be bright for the healthcare sector as the developed world ages - Japan's population has been falling for years and even China now a rapidly ageing workforce - and as breakthroughs in genetics and other forms of biotech feed through to healthcare practice. The promise of individualised healthcare based on one's genetic profile also holds considerably promise for more effective treatments, at a price, which should feed through to the returns available from healthcare equities.
If you believe history is some sort of guide, WWH launched in 1995 and has annualised returns of 16.6% over 20 years, which is a terrific track record. Barron's Magazine calculated in November 2015 that WWH's manager Bruce Islay is the only US fund manager to have consistently beaten the S&P500 every year for 25 years. WWH's returns in recent years haven't been as spectacular as with biotech trusts, but then the risk profile appears to be significantly lower, so it depends on your priorities.
I would say WWH is a definite long-term hold in any self-managed portfolio. Of course more generalised trusts will usually hold a proportion of healthcare stocks, so you will probably always have some exposure to the sector, but if you believe, as I do, that specialism by experienced, trained and active managers has a good chance of delivering better overall returns, I don't think it can do any harm to hold WWH. Some would argue the trust is *too* selective, but there are still hundreds of stocks to choose from. Healthcare is also a useful diversifier in your portfolio, because spending is tied relatively loosely to the fate of other sectors and has a large amount of state expenditure as well as private, i.e. if there's a recession, other sectors of the economy may take a hammering, but people still keep being born, falling ill and getting older, and the NHS will keep on spending . . . WWH also has an interesting 15% invested in healthcare stocks in emerging markets, so this isn't just an "old world" sector; Islay must be assessing that as poorer countries develop economically, their government and people become more able and willing to spend money on healthcare, as alongside work, food and shelter it is a pretty basic human need.
The SP has been held back in recent months because of uncertainty over Trump's healthcare reforms, so perhaps now is a good time to buy. The main fly in the ointment however is that the discount has closed and the trust has even run at a premium. A recent article on Trustnet suggested that although WWH new investors might want to hold back on purchasing WWH, or at least drip-feed it, and wait for the SP to drop back to a discount.
* Bookmark the links if you wish to 'pass the LINK/s on'.... or read later?
* The Campaign is specialized among the investing fraternity only. The population as a whole would hardly vote for a ban on shorting...most people have never heard of it, have they?
Whereas, the other Govt epetitions command votes from the *general population..and if you check, NONE are doing better than a handful of votes !
Deramping SHORTERS !
Shorting a rising stock....is much worse when it is done by your resident posters that seemingly are your buddies and convince 'long' holders to give up!
What many pi's fail to grasp is the extent that shorting is taking place. Often we tend to think that the 'shorter' is gone, 'he' is out of the way? You'd be wrong in most cases, for ( he ), the shorter, is often joined by others that keep the stock down !
Some stocks fall after GOOD NEWS!
The main reason for many pi's selling, is they are afraid they'll be left in losses AND because they FEAR shorters !
Consolidating shares often sees the sp fall as the *multi-bagger potential is greatly reduced. Shorters know this and will take full advantage to get 'longs' to give up and sell !
BUT, where does that leave the genuine investor that has put stocks into their pension funds?...holding losses again!
* Once pi's know the stock is being shorted...they'll SELL UP IN THEIR DROVES !
We can't both WIN !
The 'shorts' therefore 'win' their bets, whereas the 'longs' lose the best part of their investment, possibly for some time to come......and just when you thought this couldn't go any lower, THEY'LL SHORT THE STOCK AGAIN !
* Thanks for all your support. We are now heading towards 5,000 votes!
* Investors are saying something? They are voting in their hundreds !
# The big problem with shorting is that THEY (the shorters) WOULD most likely lose most of their money IF they just 'bet' on the price going down without trying to 'help' it down?
'Catch 22' .... No one would know of an RNS to be released that will contain BAD NEWS, if they did and then 'shorted' the stock, then they are guilty of 'insider trading'.
The only sure way to short a stock and WIN is to spread dis-information to defame the company with help from other posters that are in concert with them. To ENSURE that they don't lose the biggest part of their 'short', ironically, then, they must deramp with (seemingly) believable posts.
* When the pro's do it, they simply get the media or well known 'crooked' tipsters, analysts or brokers to do it for them. (say no more).
# The campaign against shorting is for the benefit of the 'cheated' investors that cannot control their investments due to the dirty tricks played out by co-ordinated shorting !
The results will be reviewed by Govt legislators for further action! The FCA will be asked by Davide Serra to conduct an investigation into short selling practices, with the view to either ban short selling, or to be better regulated !
Ever wondered why some stocks drop on GOOD NEWS ? Well, maybe the market has factored in any positive news....or the market may have expected better!
Ban short selling by organized groups AND stricter controls on unjustified deramping!
We should bear in mind that most stocks are heavily traded on spikes, especially after a big retrace over many months. Investors are selling out at any chance they get, for fear of losing after waiting so long.
Ultimately, the sp drags on and on, or actually goes in reverse AND may take longer to achieve full potential(sp) as it is heavily traded off on the spikes.There is some evidence of shorters(traders) forming groups to deramp the sp down. They could easily be some of your 'regulars' on here ?
...What's going on ?
Many stocks have good fundamentals and bags of potential, yet they are going down, even on good news ........but i think something more sinister is going on, along with hundreds of other stocks?
Ever wondered why your investment goes down, even on GOOD NEWS ?
# Thanks to all those that have supported this campaign #
UPdate - 3,647 voted. *That's a lot of irate investors !
IT is estimated that over 90% of AIM stocks are INFECTED by short-sellers !
Many highly popular stocks are going down even on GOOD NEWS !
# IF you were a short-seller, BLUFFING, (basically manipulating a shares' price) about a company's overvalued share price, you might not want to *draw attention to yourself since you could get accused of stock manipulation. So you would hope (OR PLAN FOR) others to get involved and to present SEEMINGLY GOOD REASONS to short the stock.
You would want to put AS MUCH FEAR INTO 'LONGS' as possible and would use high volume short trading as well as buying to drive the share price down as low as you can and as long as you can. You really want the longs to fold and to get out of the game. If you are consistently seeing sellers overwhelming buyers driving a share price down as a stock seems to be going up, I can assure you it's probably shorts' selling, since longs are totally motivated to sell their shares at the highest possible selling price. #
Davide Serra, adviser to the Govt on banking has approached the FCA to ask for an investigation into shorting attacks on stocks. He holds a 2% stake in Quindell ?
# No one hears 'whispers'...it's just another ruse to get pi's to buy or sell ?
Watch out for the very 'nice' posters that are 'sympathetic' but constantly use phrases like "sorry to say"... "going down, i'm afraid"...."Oh dear".... "told you so" ... "placing on its way, more dilution"...."News on its way"....."there must be a leak, it's a duster"..."been in this for years and still losing money"....."the BoD stinks"....."whispers from the City".....
.....IF they're about it's a cert they'll panic out 'long holders'...?
."whispers from the City"...."take-over rumours" ...."Someone knows something, they always do?"
...."News of a JV imminent !"
This is well trodden pure ramping, to get investors to BUY !
RUINOUS to genuine investors.
They may be able to buy in cheap BUT what's the good, if the stock never really recovers?
AND when they have got you all hooked on the 'lovely' new all-time LOW.....They'll SHORT IT AGAIN !
I'm guessing that he's coming up to retirement (age c.69) and perhaps has a wad of cash tied up also in Orbimed and maybe Frostrow, which are unlisted and unmarketable, leaving the sale of WWH shares as the only way of cashing-in. He was the only director with a significant stake, Anthony Townsend disclosed as the next largest with 21,619 shares, i.e. peanuts compared with Sam's c.350,000.
A well diversifed trust with a smattering of bio for pure growth and solid big pharma for reliable divis - a smashing combination for a sole healthcare holding. Still on a discount and pays a nice litle divi - what is there not to like. In this uncertain world healthcare spending will surely get governments priority and excellent managers like these will continue to profit.
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