Woodford Patient Capital hit by revaluations to two holdings

Downward revaluation of Industrial Heat

Link Fund Solutions has notified the board of Woodford Patient Capital that it has written down the value of IH Holdings (Industrial Heat) by 5p per share.

Link said the writedown reflected a "delay in operational progress" at the company. The revaluation has been partly offset by an upward revaluation to another holding, which Link did not name. Schroders to take over Woodford Patient Capital Trust by year-end It said the business had previously been written down in September 2019 due to a "challenging fundraising environment" but that it has since secured funding which has led to a revaluation, in respect of which the NAV will increase by 0.7p per share. The net effect of the revaluations is that the trust's NAV will reduce by 4....