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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
  0.00 0.0% 81.50 79.00 84.00 81.50 81.50 81.50 9,979 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.0 0.5 1.0 79.9 43

Downing Strategic Micro-... Share Discussion Threads

Showing 376 to 398 of 400 messages
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
DateSubjectAuthorDiscuss
09/9/2021
13:21
Tactus has acquired BIST Group ie B2B IT hardware provider Business IT Support Team (BIST) :- HTtps://www.thebusinessdesk.com/yorkshire/news/2081144-tactus-completes-third-acquisition-of-the-year-with-bist-group-purchase
red ninja
06/9/2021
11:51
DSM re-rating a bit today, maybe due to no small extent to Volex powering upwards over the last few days. Volex has been backed by SCSW, Shares Mag amongst others. I additionally hold Volex separately from DSM. DYOR.
red ninja
02/9/2021
16:03
I agree there are doubts about VLG. I am hoping that future results will resolve qualms about VLG as indicated by Cenkos and Simon Thomson. However, I have been disappointed before.
red ninja
02/9/2021
15:38
Venture Life is a company I was very keen on, but the latest update has given me serious concerns. I think its wise and safer to sell on a profit warning because there's usually more to come
makinbuks
02/9/2021
12:36
I agree the portfolio looks like it has good potential so 15% seems possible. Of the new toeholds : -Tactus appears to have done best. -Venture Life Group has done worst, but hopefully this is only a short term investor over reaction, future results will give a better indication. Thus, I am hoping that the next 4 years 4 months will provide good results. We'll see, as a holder I am biased. DYOR.
red ninja
02/9/2021
12:01
I think the troubles experienced going back to the original investment s in 2017 have been well documented. The question is have they got it right now? Are we really sitting on a coiled spring? My view is that there is a strong case for pretty much each of their investments to re-rate by 15% in an even market environment in the next 6 - 12 months and the discount could reasonably halve in that time too. So there a 25% or so gain to be made. Beyond that, can they spend the 12% cash wisely, can they reinvest realised funds wisely and what can they do to increase their size to a sustainable level? These are hard to answer
makinbuks
02/9/2021
11:19
I see today that NAV has reached 95.46p and with three years of dividends at 3.65p that makes total return 99.11p. So almost back at the £1 issue price at first day dealings 9th May 2017 ie roughly 4 years 4 months ago.
red ninja
01/9/2021
09:31
Good read and a nice collection of companies. Was trying to guess what the Toehold D investment might be - they say it's a discretionary retailer trading under 5x ev/ebitda - given this is a microcap fund we can narrow this down to companies with market cap below 150m. My guess would be SCS or perhaps one of the car dealers.
riverman77
31/8/2021
18:36
Downing Strategic Micro-Cap Investment Trust plc is pleased to announce the publication of its new investor letter :- Http://www.downing.co.uk/assets/dsmletter
red ninja
30/8/2021
07:19
https://www.ii.co.uk/analysis-commentary/richard-beddard-aim-share-just-keeps-powering-higher-ii521232
ohisay
26/8/2021
09:23
Volex announces acquisition of Irvine Electronics :- https://www.investegate.co.uk/volex-plc--vlx-/rns/acquisition-of-irvine-electronics/202108260700028157J/
red ninja
23/8/2021
09:15
Synectics wins a new contract in Mexico :- "Synectics plc (AIM: SNX) , a leader in the design, integration and support of advanced security and surveillance systems, announces the award of a contract worth approximately £1.0 million for the Dos Bocas refinery in south-eastern Mexico. Synectics and its integration partner, Mathieson Elco, have been awarded a contract by Samsung Engineering to provide safety monitoring and surveillance equipment for the Dos Bocas refinery in south-eastern Mexico, being constructed for the Mexican state-owned oil company, PEMEX (PetrĂ³leos Mexicanos). The project, based on Synectics' recently-released COEX C3000 4K camera stations, will be completed early in 2022 with delivery commencing later this year." Https://www.investegate.co.uk/synectics-plc--snx-/rns/contract-award-for-new-refinery-project/202108230700063630J/
red ninja
20/8/2021
19:54
True. Fwiw just seen HRI's 5yr performance in IC: +196%. Nearly double that over 10 years, so been consistent too. 12% discount. Think they said the smallcap index (or at least the one the IC quoted) was +86% over 5 years. Obviously DSM suffered from several stock-specific God-awful picks, but still - that 15% pa been achieved elsewhere, in the same sphere, and some. Even the index not been far off. In DSM's defence, HRI been more growth, DSM are more value, and value has to be due a run.
spectoacc
20/8/2021
17:09
Also a fair point but too hard to get that kind of timing right
makinbuks
20/8/2021
17:06
Fair points. Do much prefer the look of the portfolio now, with RGD fiasco starting to recede. Isn't enough to get me to punt tho, expecting the markets to have a swoon before long, & micros usually first in the firing line.
spectoacc
20/8/2021
16:59
Yes 15% compound year on year on year is unlikely in a public market. You'd have to be able to keep identifying underpriced assets and recycle gains into them on a regular basis. But in the shorter term look at their investments and ask could this be up 15% in a year? In pretty much every case the answer is yes. If they achieved it and there was a narrowing (say halving) of the discount alongside youd be happy enough. Whether the trick could be repeated in 2023 is another story
makinbuks
20/8/2021
16:52
Hmm but at cost of making themselves even smaller. Not a holder here, took my medicine far too late after IPO :) (15%pa compound over 5yrs would be NAV of 201p, never say never but really can't see it even in the next 5yrs).
spectoacc
20/8/2021
16:49
Completely agree Spec, first we could see a decent rise in NAV as the portfolio looks nicely positioned, second they could look to spend a decent chunk of the 12% cash in a tender offer much closer to the NAV and narrow the discount that way
makinbuks
20/8/2021
14:16
The trust may have been touch and go at one point as it is small and with RDG and Redhall not doing well it could have been heading for the exit. Now I think it looks like it has a future. As an investor you can exit when you like and I have trimmed about 1/3 of my peak holding. Well assuming the current portfolio succeeds to become an increasingly larger trust then I imagine Downing might like to make it larger still by options like :- 1) Raising new equity from existing/new investors 2) Taking over/Merging with other small trusts
red ninja
20/8/2021
14:02
And you're getting to buy them at a discount. But - where do you see the exit? Greater Fool, or might they wind up eventually? Can't recall continuation vote likelihood. DSM is very sub-scale.
spectoacc
20/8/2021
13:19
M, That's my feeling too that the portfolio may contain a good few winners. Volex has already been a winner and looks like it will continue to do well. Tactus seems to be starting very well. Fireangel looks to me like it should do well with its alarm technology ahead of the game. FluidFlow Tech/Synectics/Adept Tech look like they'll all bounce back now the lockdowns appear to be behind us. I am a holder so am biased. DYOR.
red ninja
20/8/2021
13:01
This is a really good discussion and all points are valid. I am invested here with a small stake. What I liked was the many of the companies invested in were ones I had on watch or at least had read up on and liked but never actually committed. So seemed a similar philosophy to me. I was not involved in the history
makinbuks
20/8/2021
06:48
Only 130k shares! That's ridiculous. Nick Hawthorn 64k shares, strewth. Lead Fund Manager and Fund Manager. Be interested to know where they prefer to put their money. And what DSM has paid them over the past 5 years. (Agree discount, but where's the endgame for DSM).
spectoacc
Chat Pages: 16  15  14  13  12  11  10  9  8  7  6  5  Older
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