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Share Name Share Symbol Market Type Share ISIN Share Description
Downing Strategic Micro-cap Investment Trust Plc LSE:DSM London Ordinary Share GB00BF0SCX52 RED ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -1.42% 69.50p 68.50p 70.50p 69.75p 69.00p 69.75p 102,391 14:46:55
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.4 -0.0 -3.0 - 38.64

Downing Strategic Micro-... Share Discussion Threads

Showing 101 to 124 of 125 messages
Chat Pages: 5  4  3  2  1
DateSubjectAuthorDiscuss
24/5/2019
14:30
I wonder on that last bit spec whether these guys are were working in favour of the equity or arbitraged the risk - Nevertheless the comments made by DSM were reckless -
tomboyb
24/5/2019
14:28
They paid a lot more for their equity in RHL buying up to 10p per share - Held 23% equity in the company -
tomboyb
24/5/2019
14:23
"This morning Redhall Group ("RHL") announced the suspension of its shares on AIM, pending trying to resolve financial difficulties due to continued contract delays. DSM's exposure is c. GBP580k of RHL equity and GBP700k of secured loan notes. This reflects an overall exposure to RHL of 2.4p per share for DSM. " Think an apology would have been better. Wonder what the loan notes are secured on..
spectoacc
24/5/2019
11:53
Putting it bluntly.. this looks very bad for DSM.. Very bad indeed... At last count nav was around the 79p mark so I'd probably suggest a fair value of around 55-60p.. This inspires very little confidence here... saffy..
safman
24/5/2019
11:44
I bought far too many at issue, then completely failed to sell into premium-to-NAV rise. Sat on them since, watching the money dribble away.
spectoacc
24/5/2019
11:36
Redhall was always a stupid investment from day 1. It's an awful sector(i.e. low return very high risk, combined with contract delays all over the place). Anyone notice how they went big on explaining the J curve on their latest results, to help explain their misguided investments. No mention of the J curve in their prospectus? On the whole, I have lost confidence in their approach as in most cases they have invested way too early in marginal businesses. Just too many rubbish investments for my liking. They didn't even buy the rubbish particularly cheaply. Luckily just a very small investment for me and will stay invested, as interested to see how this turns out. it may turnaround at some point, but at the moment its difficult to see the upside on valuation that they have in their spreadsheets!
topvest
24/5/2019
11:13
I think if you lose the RHL investment in its entirety, you also lose trust in the venture itself.. If there is no outcome for Redhall..( that is not to say it is entirely dead yet..), then I suspect a discount of around 30-35% of DSM.. This does not look good at all for DSM... saffy..
safman
24/5/2019
09:59
I think it's even worse once things (like Redhall) start going under - the whole "You need patience" starts to ring hollow.
spectoacc
24/5/2019
09:56
They need to start showing some success at what they claim they do-been a terrible run
new life
24/5/2019
09:10
I think the equity investment was over £5million - So whether some of that can be brought back remains to be seen -
tomboyb
24/5/2019
08:42
Is possible there's a trade sale and DSM get some of their (our!) £700k loan back, but realistically, Redhall must be in a bad state for DSM not to continue to pump money in, something they've been willing to do so far. Anyone can pick a portfolio of AIM punts, and no evidence that DSM are any good at it.
spectoacc
24/5/2019
08:38
Lets see what Downing do from here - Lets also see if there is any value to extract for major shareholders - One even sits on the board as non-exec - Is there any value in the equity? - They have not said "no equity value attributable" so lets see - Downing look incredibly poor from here -
tomboyb
24/5/2019
08:19
3 Major institutions owning 66% of the equity in RHL - What value in the equity left? - Will there be a buyer for the company? - If so what value for Equity ? -
tomboyb
24/5/2019
08:17
I can't believe it - What are Downing up to - ? Those comments you think differently - !
tomboyb
24/5/2019
08:14
Digging a little deeper, this from last Factsheet re Redhall: "The board anticipates that this will deliver steady growth into 2020. " And Investor Letter: "The Trust participated in the form of a £0.7 million short term loan for a nine-month term. This loan will earn a 12.5% exit fee and therefore generate an IRR on the Trust’s investment of just over 19%. " Nice, a 19% return from the loan. No, wait - they might be bust. From Redhall's RNS, DSM have clearly decided against pumping in more money - what's changed in c.6 weeks... Again, a few losers - even outright bust-outs - is fine if you can also pick the occasional multi-bagger. So far, they can't.
spectoacc
24/5/2019
07:45
Jeez. They only have about 10 punts! That's two of them in the space of a week. Been buying back shares too, that suddenly doesn't look so sensible. Edit - 13 holdings. 2 tanking wouldn't matter so much if they had some big winners too (they don't): AdEPT Technology Group PLC (AdEPT) Braemar Shipping Services PLC (Braemar) Duke Royalty Limited (Duke Royalty) FireAngel Safety Technology PLC (FireAngel) Gama Aviation PLC (Gama) Hargreaves Services PLC (Hargreaves) Pennant International Group PLC (Pennant) Ramsdens Holdings PLC (Ramsdens) Real Good Food PLC (RGF) Redhall Group PLC (Redhall) Science in Sport PLC (SiS) Synectics PLC (Synectics) Volex PLC (Volex)
spectoacc
24/5/2019
07:44
DSM's 'unlucky' streak continues. Redhall Group (RHL) shares suspended... Trading update & Suspension of trading on AIM - HTTPS://www.investegate.co.uk/redhall-group-plc--rhl-/rns/trading-update-and-suspension-of-trading-on-aim/201905240730030621A/ Further to the trading update released on 1 May 2019, Redhall announces that overall trading remains challenging and that the Company's short-term cash flows are under pressure, in particular, with regard to certain tax liabilities. The board of Redhall (the "Board") has been in active discussions with certain of the Company's major shareholders and creditors to provide additional funding capacity to allow the Company to alleviate the short-term cash flow pressure. However, it is now clear that there is no reasonable prospect that a viable solution for additional funding capacity can be found and the Board is now investigating all alternative options to optimise value for the Company's stakeholders. The Board notes that the outcome of this process and its impact on the Company's stakeholders remains uncertain. The Board has requested that the Company's ordinary shares be suspended from trading on AIM pending clarification of the Company's financial position. A further update will be made as and when appropriate.
speedsgh
22/5/2019
15:13
@Jonwig - they've basically just punted a load of mainly AIM rubbish, been caught out badly on a couple, and generally done poorly on the rest. Aiming for 10% pa compound, instead they've lost c.23p over 2 years. Reminds me of another who once had a good record....... ;)
spectoacc
22/5/2019
14:36
I haven't bought this nor any of their VCTs, but their offerings seem to be fully subscribed pretty quickly. So this state of affairs is very strange.
jonwig
22/5/2019
14:26
How very DSM!
spectoacc
22/5/2019
12:09
Hargreaves Services not looking quite so cheap today after British Steel blow. https://www.investegate.co.uk/hargreaves-servs-plc/rns/british-steel/201905220700058140Z/
red ninja
09/5/2019
12:26
Andrew Griffiths (non-exec director) bought 20,484 shares. Another vote of confidence. https://www.investegate.co.uk/down-microcap-invtst--dsm-/rns/director-pdmr-shareholding/201905091158165424Y/
red ninja
08/5/2019
07:25
Pity he didn't pay £1 like the rest of us.
spectoacc
08/5/2019
05:45
Hugh Aldous (non-exec director) bought 25,000 shares yesterday. A vote of confidence. https://www.investegate.co.uk/down-microcap-invtst--dsm-/rns/director-pdmr-shareholding/201905071603412689Y/
red ninja
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