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
  -1.00 -2.11% 46.50 145,976 12:29:42
Bid Price Offer Price High Price Low Price Open Price
44.00 49.00 50.00 46.50 47.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.51 1.05 1.91 24.3 25
Last Trade Time Trade Type Trade Size Trade Price Currency
16:19:44 O 4,095 48.45 GBX

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Date Time Title Posts
06/8/202010:29Downing Strategic Micro-Cap Investment Trust plc211
07/9/200110:25DORSET SHARE MEET34

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Downing Strategic Micro-... (DSM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-06 15:19:4548.454,0951,984.03O
2020-08-06 15:12:1944.1525,68011,337.72O
2020-08-06 14:52:5944.90878394.22O
2020-08-06 14:31:2648.452,5001,211.25O
2020-08-06 13:46:2348.45250121.13O
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Downing Strategic Micro-... (DSM) Top Chat Posts

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 47.50p.
Downing Strategic Micro-cap Investment Trust Plc has a 4 week average price of 44p and a 12 week average price of 44p.
The 1 year high share price is 78.50p while the 1 year low share price is currently 36p.
There are currently 54,600,002 shares in issue and the average daily traded volume is 32,602 shares. The market capitalisation of Downing Strategic Micro-cap Investment Trust Plc is £25,389,000.93.
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.
hugepants: The discount here must be nearly 30%. Seems extreme given over 20% of the share price is covered by cash! The portfolio looks like a collection of value types eg. Volex (15%), Synectics, Hargreaves etc so should be pretty resilient.
picaroon: The massive bet on Volex is dangerous. You only have to look at its share price over the past 20 years. Long term decline punctuated by periods of excitement like now...will this time be different? Even with the increase in Volex, Judith has seriously underperformed the market since launch. She has an outdated 'value' style and just can't seem to stop repeating the same mistakes.
red ninja: Good trading update from Volex, second largest holding :- NAV stll increasing at 74.17p while the share price goes down.
robow: more than a mention. We won’t advise readers to follow suit exactly for fear of burdening them with too many funds. But we have already tipped R&M UK Micro Cap and Henderson Opportunities, so will now add Downing Strategic Micro-Cap, which Mr Greenwood said would complement the other two well. The Downing fund is highly concentrated and has suffered a couple of failures among its holdings. But Mr Greenwood said this was now in the past and the manager, Judith MacKenzie, was highly experienced. This relatively new fund has traded at a premium for much of its life but is now at a discount of 14.3pc. Questor says: buy Ticker: DSM Share price at close: 62.5p
tomboyb: Nav is falling - A slow car crash here -
safman: Unfortunately, having been with fund managers i think you will find that the risk element tends to be higher than what it actually should be... Downing should really be well below the current share price and if I could short it I would.. saffy..
safman: No.. i'm not saying it will be 99%.. But the holdings in this circumstance remind me of it.. I think the current share price is way too high and discount not high enough considering the risk element.. saffy..
safman: I did mention before that i think DSM is not worth anywhere near its current share price.. I used to work in asset management and it reminds me of a company called rebourne.. Looking @ the possibility of losing RHL.. and regardless of what the loan is secured against I think fair value is around 55-60p.. @ best.. saffy..
strollingmolby: DbD, I suspect the price to get moving, in either direction, once the fund is more fully invested. Downing put out this news yesterday saying they are 1/3 invested so far, and naming some of the stocks they have invested in. HTTPS:// The NAV has slipped back behind the share price (97p v 101p) so has moved to a 5% premium, so we need to see some good performance from the limited underlying portfolio to see the NAV catch-up with the share price for now. I suspect it will be a good long-term performer though, so would look at it over a period of a year or more rather than the last quarter when not fully invested. I may even buy some myself! SM
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