I see Mercia Asset Management has confirmed last week's RARE Alert about Woodford Patient Capital Trust selling out of the firm. Below is the link in case you missed it:
I do wish Betaville's friends at Bloomberg would accurately aggregate content from my website.
To be clear, people claiming to be familiar with matter said Woodford has sold Woodford Patient Capital Trust's 5pc stake in Mercia Asset Management for around 30p but NOT the whole of the 24pc shareholding as suggested by the aggregated version of my story on Bloomberg...
Hardly a week goes by now without Neil "Woody" Woodford dumping a load of illiquid stock into the London market.
Indeed, the latest exit is from Mercia Asset Management, a "specialist asset manager focused on high-growth SMEs"...