Downing Strategic Micro-... Share Discussion Threads

[red ninja] 26/4/2024 14:35

HL have recently paid the money in today.

[red ninja] 26/4/2024 12:18

No dividend in HL either.

I'm thinking Monday or Tuesday.

[makinbuks] 26/4/2024 09:48

No I'm with iDealing, nothing yet

[888icb] 26/4/2024 08:46

The dividend was due on or about today.Nothing in my II account yet has anyone received it yet?

[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.