Downing Strategic Micro-... Share Discussion Threads

[red ninja] 14/4/2021 08:05

Adept Tech to takeover Datrix, lloks like a good fit although not so keen on Adept increasing debt again, but then again a pandemic may be a good time to make aquisitions :-

[red ninja] 07/4/2021 14:37

Synetics secures major city of London multi-million project :-

"Further to its announcement of 10 February 2021, Synectics plc (AIM: SNX), a leader in the design, integration and support of advanced security and surveillance systems, announces that it has been awarded a multi-million-pound project by the City of London Corporation and the City of London Police as part of their Secure City Programme. The project, which comprises a large innovative, cloud-based surveillance control system , is expected to be substantially delivered in 2021, with ongoing maintenance and support over five years, and will see Synectics deliver one of the industry's first enterprise-level cloud solutions for public space surveillance."

[red ninja] 07/4/2021 13:20

With Fire Angel currently up around 89% on new deal on the day. There should be a good move on NAV tomorrow :-

"John Conoley, Executive Chairman of FireAngel, commented: " This is the most significant development for FireAngel for several years and is expected to be transformational for the Group. The directors estimate that, during the life of the partnership, the Company should earn up to €21 million in royalty, management and support fees. The Company's long-standing commitment to R&D, combined with the adoption of development processes from the IT world, have contributed to us signing this partnership which will be materially cash positive and contribute financially to the Company for the long term. Finally, it reflects our aim to spend more of our time and resource on higher value activities. The customer has acted like a true partner throughout this long process."

[spectoacc] 19/2/2021 09:38

Absolutely over-priced US tech & Crypto, and absolutely in the next 12-18 months. But DSM's heavy value bias should at least help. Agree getting shot of RGD loans would really help.

But overall, gaining that next 20p, and more to get the share price back up to the £1 2017 issue price, seems a stretch. 1.83% ongoing charge too, which adds up over time.

[red ninja] 19/2/2021 09:28

NAV of the trust is over 80p now and with the vaccines things should get better then it does not seem to me that unlikely that a return to £1 could happen over the next 18 - 24 months.

I mean Volex in the EV, Data Centre and Medical cabling arenas should do well on it own and that is around 16% of the trust.

If RGD can be exited at a profit that would also be a good move.

The thing that could put this off course is a wider market crash perhaps starting with
overpriced US tech stocks and crypto currencies.

[spectoacc] 19/2/2021 07:30

It'll be a red letter day if Judith ever gets the NAV & share price back up to where they started.

[playful] 19/2/2021 07:04

The DSM portfolio feels like a coiled spring. We believe it contains pent‐up value, which we think can be released on several counts...

Investor Letter

[spectoacc] 05/2/2021 09:55

Thanks @RCT2, appreciated. Wish I held more of them to sell into the ramp.

[rcturner2] 05/2/2021 09:51

CGI, VNH, ARIX, WYN, SPR, ANX, SLE, RFX, DUKE, DSM

[spectoacc] 05/2/2021 09:46

Ah! That's a big tip, tho good luck those who bought at 75p this morning seeing a profit.

Was VNH another, perchance? Unlikely to get my mag before Monday.

[robow] 05/2/2021 09:45

Great. Thanks RCTurner

[rcturner2] 05/2/2021 09:44

Tipped in IC, part of ST's bargain portfolio for 2021.

[spectoacc] 05/2/2021 08:15

A tip, maybe? I'm now out, good luck holders.

Edit - def feels like a newspaper tip.

[skyship] 05/2/2021 08:12

Big rise today - news of liquidation leaked perhaps...

[baloo4] 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.

[skyship] 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.

[spectoacc] 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.

[skyship] 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.

[red ninja] 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.

[cousin jack] 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.

[skyship] 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