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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
  0.75 1.2% 63.00 62.50 63.50 63.25 62.75 62.75 165,659 14:02:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.5 1.1 1.9 33.0 33

Downing Strategic Micro-... Share Discussion Threads

Showing 301 to 323 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
14/1/2021
11:41
I have also bought in the last couple of weeks on the basis that the discount is far wider than those of Miton Microcap and RMMC which are the other two within the same peer group. To some extent I think she has suffered from the shunning of value investing over recent years but the rotation from growth since the vaccine news means that the wind is behind her now.
baloo4
14/1/2021
09:08
Ahh - "..a decent track record at VCTs.." Conforms with my thoughts that she is an analyst, rather than a manager possessing the necessary trader skills to evaluate. I agree with your 2nd para - hence I bought here for the first time just last week.
skyship
14/1/2021
07:19
She always talks a good game, but totally agree - performance from listing has been a shocker, at times approaching Woodford levels. However - only question that should concern buyers/holders now is - does DSM represent value here. I think it does. JM had a decent track record at VCTs before DSM, but DSM shareholders have paid her learning fees.
spectoacc
13/1/2021
21:02
CJ --- "she certainly presents very credibly about analysing companies..." Exactly...good at analysing but totally hopeless at judging value. So a good supporting role; but no way should she be in charge - she's not market oriented. Strewth, over the same 4yr period my SIPP has climbed 63%; her NAV is down 17% whilst AIM has climbed 37%. There is more to this investment game than understanding a Balance Sheet.
skyship
13/1/2021
19:38
Yes they've not done well, but they hit a bad time to launch the fund ie they bought with the market at a relative high and then it fell. If I buy a fund it's easy for me I can't shift the market even if I wanted, it's tougher for funds especially in the launch period to acquire a meaningful holding at a low price. 2020 has been a great time to launch a fund for example, bargain stocks galore and the market has roared for the right stocks. 2021 will be much tougher, the US markets appear highly overvalued and when the US sneezes we also catch a cold. Still DSM is recovering reasonably, continue the trend and her jobs secure, another period of bad performance and I guess she'll need to issue a cv. I wish her all the best.
red ninja
13/1/2021
17:29
I’ve attended talks Ms Mackenzie has given at investor conferences and she certainly presents very credibly about analysing companies and holding their executives to account. On that basis I was previously an investor. A number of the Trusts holdings are in companies which had problems but were seen as having recovery potential. However the lack of progress over a longish period of time led me to the conclusion that this was a jam tomorrow investment with a high opportunity cost and so I sold around a year ago. I am watching with interest but still not seeing the progress which Judith’s presentations suggested should be achieved. I would think that by now her hat would be on a shoogly peg.
cousin jack
13/1/2021
16:55
How is it that Judith Mackenzie still has her job running this trust. Surely they should be employing someone else, someone rather more competent. She quite plainly knows very little about market valuation. This was a press comment just before the launch c4yrs ago: "Using gearing – or borrowing – of up to 15% MacKenzie and co-managers Alyx Wood, James Lynch and Nicholas Hawthorn believe they can generate an average compound annual total return of 15% over three to seven years." !!!!!!!!!!!!!!!!!! free stock charts from uk.advfn.com
skyship
13/1/2021
08:27
RGD still keen to pay down debt. I'm keen they pay down debt too.
spectoacc
12/1/2021
16:27
Mmm I think there is a certain lack of trust in DSM given the years of underperformance. I see in SWSC the general comment states :- "A year of living dangerously." No not 2020. Think 2021. The author thinks the US markets are very overpriced.
red ninja
12/1/2021
14:31
81.5p NAV. Does it need to go back over a £ before it gets noticed?
spectoacc
11/1/2021
16:29
SWSC made Volex one of it's naps for 2021 and I believe the Naked Trader has also, although don't subscribe to NT. From DSM December factsheet :- "With many strategic catalysts now implemented and much of the heavy lifting completed, we are confident going into 2021. Despite this, our portfolio companies and the company itself remain seriously undervalued and we are focused on driving positive sentiment through this year." Hopefully their correct in the above statement. hxxps://www.downing.co.uk/investor/offers/downing-strategic-micro-cap-investment-trust
red ninja
11/1/2021
16:13
Picked up a few more at 60p just now. Discount is 24% based on 79p NAV. Some big moves today in the portfolio ie. Volex up 5%, FireAngel up 11%, Synectics up 11%
hugepants
29/12/2020
16:46
Yep, Hargreaves could certainly go higher with news on land sales and Ramsdens could be a good recovery bet. I am biased I've bought a stake in both. Volex and Venture Health look like they can go further.
red ninja
29/12/2020
16:04
Thats a very good video (post #274)). Gives a good overview of the portfolio. I think Hargreaves and Ramsdens especialy look cheap. Picked up some more today at 60.5p. NAV is 76.25p so discount 20.5%
hugepants
29/12/2020
14:59
Looks like VLG is a fancied stock (copied from Simon Gordon post on VLG) PI World - 29/12/20: 2020 round up interview: David Thornton David’s 2021 pick is Venture Life (VLG), although the chart looks weak, which David suggests might be due to a sentiment move to value. Sales are up 50% this year, and he believes the 2021 forecasts are ‘simply too low’. Https://www.piworld.co.uk/2020/12/29/piworld-2020-round-up-interview-david-thornton/
red ninja
24/12/2020
15:12
Judith MacKenzie of Downing LLP discusses her portfolio and predictions for 2021 (copied from Simon Gordon post on SNX) Https://www.voxmarkets.co.uk/articles/judith-mackenzie-of-downing-llp-discusses-her-portfolio-and-predictions-for-2021-daf2c6a/
red ninja
24/12/2020
12:42
Yep, its looking good, but looks like we'll all be in a tougher lockdown in January.
red ninja
23/12/2020
16:02
NAV announced at 75.5p. NAV discount now up to 23.8%
hugepants
18/12/2020
13:56
FireAngel up 60% last couple of days Volex continuing to rise
hugepants
16/12/2020
15:36
SpectoAcc, Thanks for that, had expected something this morning. Good to hear something more positive from RGD for a change.
red ninja
16/12/2020
15:27
RGD t/s just out, and pretty reasonable (at least compared to many previous RGD updates..) "Current Trading Update The impact of covid-19 was felt most severely in the first quarter. However, with lockdown restrictions easing, trading has improved in both divisions with third quarter sales in-line with both FY20 and Board expectations. Within Cake Decorations, where the operating structure has been significantly improved, the focus is on strengthening customer relationships, enhancing customer service, and growing sales through new product launches and category expansion. There have been new client wins since the year-end in both the Retail and the B2B markets and overseas markets have recovered well. Since the start of the financial year, the business has successfully launched over 40 new products generating over £2 million of sales on an annualised basis. After the initial impact of the lockdown, Brighter Foods, has continued to grow its earnings from a wider customer base than this time last year. Notwithstanding ongoing covid-19 restrictions, third quarter earnings are in-line with FY20. Since the year-end, the business has launched 17 new products and has 27 under trials. The Board is reviewing all initiatives to improve the capital structure of the Group. A further trading update will be given on the day of the General Meeting to update on the third quarter trading and the year-end expectations."
spectoacc
09/12/2020
13:43
SpecctoAcc No the management selling down is not generally taken as a good sign. It has however, been tipped by IC (simon Thomson) I believe from a quick look at the Venture Life board. Thus, time will tell, but I'm not going to buy any Venture Life myself.
red ninja
09/12/2020
12:37
Downing staying just under the 5% threshold at Tekmar (TGP): HTTPS://investors.tekmar.co.uk/investors/major-shareholders/
strollingmolby
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