Downing Strategic Micro-... Share Discussion Threads

[tomboyb] 11/6/2019 09:58

If I was an investor in Downing I would ask WTF are they doing -

Gamblers at best and with such a small discount to nav i would follow safman and say 30% discount at a minimum -

[tomboyb] 11/6/2019 09:39

Well RHL booth industries sold for a mere 1.8mill -

!!

What a bunch here -

[tomboyb] 10/6/2019 16:29

You might get there -

Downing have yet to announce their loss! -

[safman] 10/6/2019 16:19

Last NAV was given as 75p or thereabouts..

As a rule of thumb you should be looking at a minimum discount of around 25-30%..

That is @ a "minimum"...

saffy..

[safman] 10/6/2019 16:15

Unfortunately, having been with fund managers i think you will find that the risk element tends to be higher than what it actually should be...

Downing should really be well below the current share price and if I could short it I would..

saffy..

[tomboyb] 10/6/2019 15:54

These investment trusts are simply a playground for gamblers -

What a bunch of gits -

[tomboyb] 10/6/2019 15:42

Redhall gone into admin - !!!!!!!

[new life] 07/6/2019 17:20

Took my punishment and got out

[spectoacc] 28/5/2019 12:24

Agreed, despite being a holder.

[safman] 28/5/2019 11:51

No.. i'm not saying it will be 99%..

But the holdings in this circumstance remind me of it..

I think the current share price is way too high and discount not high enough considering the risk element..

saffy..

[spectoacc] 28/5/2019 11:48

Can't see it being a 99%'er, there's no redemptions pressure being an IT, but it is a concentrated portfolio of AIM punts. A few blow-ups? Fine. But only if there's also winners. And there's really not many of them.

[safman] 28/5/2019 11:43

I will add that rebourne for one of its funds lost 99% of its value..

This to me looks like another shambles..

saffy..

[spectoacc] 28/5/2019 11:39

If that - and trading at a discount to it.

[safman] 28/5/2019 11:04

I did mention before that i think DSM is not worth anywhere near its current share price..

I used to work in asset management and it reminds me of a company called rebourne..

Looking @ the possibility of losing RHL.. and regardless of what the loan is secured against I think fair value is around 55-60p.. @ best..

saffy..

[spectoacc] 28/5/2019 10:57

I'd like to know what their loan is secured against, and where it ranks - is rare there's much return except to the few at the top of the creditors list.

[tomboyb] 28/5/2019 10:50

I think downing should make a statement -

Their Kamikaze approach to investing leaves a lot to be desired -

[tomboyb] 28/5/2019 10:30

All these institutions were buying stock right till the last minute -

It certainly a case of "whatever" -

After all it is not their monies that is being played with -

[tomboyb] 28/5/2019 10:29

For immediate release 28 May 2019



Redhall Group plc

("Redhall" or the "Company")



Intention to appoint administrators



Further to the announcement on 24 May 2018, and following discussions with its advisors and lending bank, the Board has resolved to file notice of intention to appoint administrators to the Company. Unless circumstances change, and in accordance with statutory requirements, the Board intends to appoint administrators within 10 business days.

The Directors intend to allow the business to continue to trade and the Company is working alongside advisers in order to preserve as much value as possible for all stakeholders as it explores the opportunity for the sale of all or parts of the business.

The shares of Redhall Group plc remain suspended pending further notice.

Further announcements will be made as appropriate.

Contact details:

Redhall Group plc

Tel: [phone]

Joe Oatley, Chairman



Buchanan, PR Adviser

Tel: [phone]

Mark Court, Sophie Wills, Hannah Ratcliff







GCA Altium, Nominated Adviser

Tel: [phone]

Tim Richardson







WH Ireland, Broker

Tel: [phone]

Adrian Hadden, Jessica Cave

[tomboyb] 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 -

[spectoacc] 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..

[safman] 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..

[spectoacc] 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.

[topvest] 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!

[safman] 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..