Downing Strategic Micro-... Share Discussion Threads

[weatherman] 12/4/2024 16:54

True Richard, but I bought at 30p, the NAV is 37p and rising.

[richardl697] 12/4/2024 16:35

Whilst each new share will pay 8p each, it will go down by 8p when ex divi.

[red ninja] 12/4/2024 10:21

Probably astute move, but I hold enough of these already.

[weatherman] 11/4/2024 19:05

I've already invested the 30p per share back into DSM - if we get another 8p spec divi in June, it will be on twice as many shares. dyor.

[pippa pinkerton] 11/4/2024 17:37

Downing Street is not going to be so happy about there shares going down Pips

[weatherman] 11/4/2024 17:11

30p given back with ex-spec-divi this morning - due 26 April in accounts.

[spindoctor111] 11/4/2024 16:51

44% cash 28/03/24

[weatherman] 11/4/2024 15:40

Most recent portfolio breakdown was on 2 April 24

[davidosh] 11/4/2024 15:18

What are the main constituents of the portfolio now?

[888icb] 11/4/2024 14:42

No it isn’t mostly in cash now. The run down is over a period because some investments are in a sale process which will further increase the NAV. Others are simply expected to grow in value which can be realised later as many are listed.

[spindoctor111] 11/4/2024 14:31

And the NAV is racing ahead despite presumably mostly in cash by now!

[weatherman] 11/4/2024 12:33

With the ex spec div the discount to NAV has increased in percentage terms i.e. 30p to 37p, ~19%, versus 60p to 67p, ~10.5%.

[red ninja] 10/4/2024 15:49

Previously bought a few of these. Nice move.

[weatherman] 10/4/2024 14:43

takeover interest in Centaur Media.

[red ninja] 10/4/2024 10:28

It is a gamble. Some stocks are recovering, but fallbacks are possible.

Is Fa. A write off or will it come good.

[topvest] 10/4/2024 10:18

Somebody seems to be snapping up shares. Not sure why! You can sell for 60p now, which appears a bargain given the c64p NAV. Unfortunately, I sold at 56p!

[weatherman] 09/4/2024 19:55

FA. back to 4p for some reason.

[spindoctor111] 08/4/2024 17:45

OK, OK. Make that two days.

[spindoctor111] 08/4/2024 17:44

Yes. IC has pointed to that obvious point too. 38p dividends in the next two months leaves a significant tax bill for many.
Only one day to exit before ex-div of the 30p special and that's what I've done.

[topvest] 08/4/2024 09:39

I've exited my tiny holding. Unfortunately, for those outside a tax wrapper the special dividends are destroying value. Thank you Milkwood! Then again, it might have done us a favour given Downing LLP's unique ability to turn everything into a value trap! There is only a 10% discount to net asset value and it won't tak the long to burn through that.
I see that Judith MacKenzie had to suspend outflow from her open ended fund as well. It looks like game over for her small cap ambitions. I know its been a difficult market, but the record has been poor.

[julietrades] 05/4/2024 19:56

I invest in binary market through a fiduciary financial advisor by coping her trades. This is an aspect of Algorithmic trading which entails mirroring directly the positions taken by a professional trader. The beauty of this method is that you don't give out funds here it stays right in your trading account while your account automatically copies her trades in real time. You can reach out to her on w.h.a.t.s.a.p.p for full detail and guide on how it work....+1 [740] 8.0.1-4.8.1.3....

[topvest] 05/4/2024 19:47

What a shambles this has become. Only potential upside I was hoping for was the appearance of a white knight such as Harwood. Unfortunately, we got Milkwood and nobody wants them. So, Downing presided over 5 years of very poor value trap micro-cap investing, lose pretty much half of the money and then the Board can't even return capital because somebody gatecrashes the party. It's certainly a party with a bad hang-over! Fortunately, it was a tiny sub-scale investment for me and I hadn't been following it very closely. Just seen it on CityWire. Milkwood are not making any friends.

Compare this to Dunedin Enterprise Investment Trust plc and their wind-down - that one has been a gift that just keeps on giving!

Anyway, in my experience managed wind-downs don't often go very well particularly when illiquid investments are involved. Candover Investments plc was a disappointing one that I remember. Then there was Trust of Property Shares, if anyone remembers that one, which went on for years after breaking the investment trust rules, but eventually paid out after a legal case.

[zombiestocks] 05/4/2024 18:04

There are two Foresight VCT investors. The article only mentions one fund that sold out. I am going to ask around about whether Firesight is still invested and who makes that voting decision. Seems like a waste of time but I am extremely frustrated that they are effectively forcing me to sell.

[makinbuks] 05/4/2024 17:48

It does say that Foresight VCT sold to Milkwood, so the share registry may just be out of date.

[makinbuks] 05/4/2024 17:42

Here's the Citywire article

hxxps://citywire.com/investment-trust-insider/news/milkwood-bars-downing-strategic-wind-down-wants-to-run-fund-for-free/a2439725