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 Shares Traded Last Trade
  -2.00 -3.33% 58.00 9,957 08:27:59
Bid Price Offer Price High Price Low Price Open Price
57.00 59.00 60.25 58.00 60.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.51 1.05 1.91 30.4 31
Last Trade Time Trade Type Trade Size Trade Price Currency
16:18:16 O 5,000 58.999 GBX

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DSM is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 Downing ONE VCT plc 2.50% 2020-07-31

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Date Time Title Posts
30/11/202012:25Downing Strategic Micro-Cap Investment Trust plc260
07/9/200109:25DORSET SHARE MEET34

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Downing Strategic Micro-... Daily Update: Downing Strategic Micro-cap Investment Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker DSM. The last closing price for Downing Strategic Micro-... was 60p.
Downing Strategic Micro-cap Investment Trust Plc has a 4 week average price of 55.75p and a 12 week average price of 47p.
The 1 year high share price is 78.50p while the 1 year low share price is currently 36p.
There are currently 54,303,438 shares in issue and the average daily traded volume is 154,578 shares. The market capitalisation of Downing Strategic Micro-cap Investment Trust Plc is £31,495,994.04.
red ninja: Yes DSM still buying, but others investor buying in. The market as a whole seems to be rising.
spectoacc: "Saved" made me chuckle ;) Agree DSM's deep value punts may come back into play eventually - but 15% pa from the listing price is a distant memory.
spectoacc: Thanks @RN - having thought about it, the gating could be a good thing - no selling pressure on the holdings now for a while, when there presumably had been before. Now, would DSM buy any of the co-holdings on the cheap I wonder.. We know they've got cash.
red ninja: Thanks for that SpectoAcc. It's not just DSM then that Downing haven't performed for. I am hopeful with DSM that they are turning it round although not helped by Covid. Time will tell.
red ninja: DBox up over 17% today which will feed into tomorrows NAV. However, with illiquid shares like this they shoot up and down very quicky. I presume DSM would be looking for a takeover exit assuming it does well.
red ninja: Mmm saw the 15k trade at 55.75p, but the extra 0.75p could be due to buying at 16:10. In the first 30 minutes or last 30 minutes they sometimes sting you with a higher price. The buyback seems to have given confidence to investors to buy and it looks like DSM have only purchased less than 100k of their own shares. Scheme will end on 2nd November 2020 so interesting to see how share price strength goes after that, RGD is also struggling due to the pandemic at around 20% of DSM (by secured loan note) IMO it casts a bit of a shadow over DSM.
red ninja: I wonder if we are close to the top of the range for the buyback given the limit for the DSM buying shares is just over 54p. Comment on new buy Digital Box in DSM September fact sheet :- "The company made one new investment in the month in DigitalBox, supporting the acquisition of The Tab media. DigitalBox owns other titles which earn revenues through advertising through which Digitalbox optimise revenues through their programmatic technology. We believe that Digitalbox can significantly improve The Tab’s subscriber and revenue KPIs and can continue to roll up the space with attractive and underoptimised titles purchased at attractive prices." hxxps://
red ninja: DSM splashes some cash :- "(Alliance News) - Digitalbox PLC on Thursday said it has acquired Tab Media Ltd for GBP750,000 in cash and announced a GBP1.2 million subscription in conjunction with the buy. The Bath-based digital media company, which owns Entertainment Daily and The Daily Mash, said the proposed subscription by Downing Strategic Micro-Cap Investment Trust PLC was priced at 4.9 pence per share for 24.5 million shares. This represents a 2.0% discount to its Wednesday closing price of 5.0p. Shares in Digitalbox were up 10% on Thursday morning at 5.50p. The subscription shares represent 27% of Digitalbox's existing share capital and will represent 21% of share capital once subscription shares are issued. It is conditional on shareholder approval, with proceeds to "be used to accelerate the company's growth strategy through further acquisitions". As part of this, Downing Strategic Micro-Cap and Digitalbox have entered a relationship agreement that will remain in place while Downing Strategic Micro-Cap holds at least a 10% stake. Under the terms of this agreement, Digitalbox has granted Downing Strategic Micro-Cap the right to appoint an observer to any board meetings. Digitalbox Chair Robin Miller has said he is willing to resign, pursuant to the subscription agreement, and step down from the board. He will remain in his role until a successor is appointed. Tab Media runs online news website The Tab, which covers youth and student culture for university students in the UK. It operates a national website plus 32 sub-sites for specific UK universities. The Tab Media acquisition is expected to be marginally accretive to Digitalbox's earnings per share, as enlarged by the subscription, in the first full year and significantly accretive in the second full year after the buy. In 2019, Tab Media's revenue was around GBP1.2 million. It made a gross profit of GBP900,000 and a pretax loss of GBP400,000, while its gross assets on December 31 came to GBP600,000. Digitalbox Chief Executive James Carter said: "The Tab is the UK's leading youth culture platform fuelled by students and a pro team of journalists who love being first with the most relevant stories. The Tab provides a really exciting addition to our portfolio. As well as providing insights into youth and student culture, it is an important training ground for journalists. "As achieved with The Daily Mash, our technology platform can help drive traffic and advertising revenue to support the site. Since we acquired The Daily Mash in 2019, we have grown traffic and revenue whilst allowing the editorial team to get on with what they do best, and we aim to do the same with the Tab. We very much look forward to working with Editor-in-Chief Grace Vielma and her team as we look to grow and enhance The Tab." By Anna Farley;
red ninja: The results for Real Good Food, Fireangel and Synectics have all been a bit disappoint ing due to Covid19 effects. Adept Tech update today although encouraging is still like likely to be impaired when the results come out IMO Still yesterdays NAV was still above 67p, presumably due to Volex share price rises.
red ninja: Obviously it has done badly since the start. However, I calculated it is around 29-30% today too and bought another 10000 at 44.08. Adept Tech in there as well which seems to be quality Real Good Food (RGD) is a large part of the pie (around 18%) through loan notes and small part equity. RGD announced it had access to more credit so should reduce chance of failure. DSM say RGD could ultimately be worth a multiple of current share price. I note that in the last finals they said they have sold some loan notes it is probably wise to contine taking down that %. Gamma Aviation is a smaller holding which is not doing so well. Hargreaves/Braemar have been boosted recently. They have paid a divi of 1.6p this share. The NAV discount should give some protection from the recession.
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