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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 Shares Traded Last Trade
  -0.25 -0.31% 79.50 326 13:47:13
Bid Price Offer Price High Price Low Price Open Price
77.50 81.50 80.00 79.50 79.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.00 0.55 1.02 77.9 42
Last Trade Time Trade Type Trade Size Trade Price Currency
16:01:16 O 200 77.98 GBX

Downing Strategic Micro-... (DSM) Latest News (1)

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DSM is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 Downing ONE VCT plc 3.40% 2021-06-30

Downing Strategic Micro-... (DSM) Discussions and Chat

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Date Time Title Posts
09/9/202113:21Downing Strategic Micro-Cap Investment Trust plc355
07/9/200110:25DORSET SHARE MEET34

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DateSubject
24/10/2021
09:20
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 79.75p.
Downing Strategic Micro-cap Investment Trust Plc has a 4 week average price of 74.50p and a 12 week average price of 67.50p.
The 1 year high share price is 88p while the 1 year low share price is currently 55.50p.
There are currently 52,398,491 shares in issue and the average daily traded volume is 57,927 shares. The market capitalisation of Downing Strategic Micro-cap Investment Trust Plc is £41,656,800.35.
06/9/2021
11:51
red ninja: DSM re-rating a bit today, maybe due to no small extent to Volex powering upwards over the last few days. Volex has been backed by SCSW, Shares Mag amongst others. I additionally hold Volex separately from DSM. DYOR.
20/8/2021
19:54
spectoacc: True. Fwiw just seen HRI's 5yr performance in IC: +196%. Nearly double that over 10 years, so been consistent too. 12% discount. Think they said the smallcap index (or at least the one the IC quoted) was +86% over 5 years. Obviously DSM suffered from several stock-specific God-awful picks, but still - that 15% pa been achieved elsewhere, in the same sphere, and some. Even the index not been far off. In DSM's defence, HRI been more growth, DSM are more value, and value has to be due a run.
20/8/2021
14:02
spectoacc: And you're getting to buy them at a discount. But - where do you see the exit? Greater Fool, or might they wind up eventually? Can't recall continuation vote likelihood. DSM is very sub-scale.
20/8/2021
06:48
spectoacc: Only 130k shares! That's ridiculous. Nick Hawthorn 64k shares, strewth. Lead Fund Manager and Fund Manager. Be interested to know where they prefer to put their money. And what DSM has paid them over the past 5 years. (Agree discount, but where's the endgame for DSM).
19/8/2021
16:52
spectoacc: RGD was a fiasco wasn't it - one they then had to bail out with the loan notes. To my mind, they just picked too many duffers. Claiming to have been lied to by management is what their DD should pick up on. Not sure Brexit (nor Covid) played too much part, when other microcap funds have done mostly very well. RMMC has to keep returning cash to shareholders to keep it small enough! Compare their 5 years to DSM's: Https://www.hl.co.uk/shares/shares-search-results/r/river-and-mercantile-uk-micro-cap-inv-company Https://www.hl.co.uk/shares/shares-search-results/d/downing-strat-micro-cap-inv-trust-plc If DSM have learnt their lessons - and granted, they may have done - they've done so with shareholder money.
19/8/2021
16:27
spectoacc: Long out of DSM but glad to see some progress here for long-suffering shareholders. But worth remembering it floated in 2016 targeting 15% pa returns, has a NAV still 9p below issue price (and never been above it, tho did initially trade at a premium), and an share price in the early 70's despite buybacks. £36m market cap going to keep it under the radar, where it probably belongs. Too many losers to go with the handful of winners. If I were still a shareholder, I'd be asking for cash returns from realisations, at NAV, and to hell with the market cap. Is never going to be able to grow sufficiently, even Volex couldn't see to that.
19/8/2021
11:31
red ninja: In the latest NAV portfolio update they already seem to be partially cashing in on Tactus investment :- Portfolio Update: Tactus Holdings Limited The Manager is pleased to report that Tactus Holdings Limited, an unquoted investment in DSM, has received inward investment from the well-known technology investor, Chrysalis Investments Limited ("Chrysalis"). The Chrysalis announcement is available to view here. To help provide liquidity for this important strategic investment from Chrysalis, which provides future growth finance, DSM has partially exited a small proportion of its position in Tactus Holdings Limited. This includes the full early repayment of the Tactus Loan Notes and accrued interest. The partial exit plus valuation uplift have resulted in an increase in NAV of 2.07p per share (0.85p realised and 1.22p unrealised), the impact of which is reflected in the NAVs shown in this announcement. The directors have valued the remaining shares, cost £1 million, at £1.6 million which they believe to be fair value, reflecting a discount to this latest investment round reflecting that this investment is unquoted. The remaining position is DSM is material, at 3.5% of NAV, and the Manager looks forward to supporting the continued progress of this fast growing and successful UK company." Latest NAV : 91.26p - (Share price at 22.75% to NAV) Pretty good considering the battering of Venture Life Group.
13/8/2021
10:45
red ninja: It's a good job the discount of NAV is above 20% as Venture Life Group brought out disappointing interims today and the share price has tanked by around 25%. Given the senior managers sold a lot of shares at the 90p placing last year it seems the normal story of the management being ahead of the game. HTtps://www.investegate.co.uk/venture-life-group--vlg-/rns/trading-update-and-progress-on-recent-acquisitions/202108130700065222I/ Note, aren't bad things supposed to happen on Friday the 13th.
03/8/2021
09:29
red ninja: Yes, it's a pretty good discount of 20.2% to NAV, but the market as a whole drifting. Worries about the pandemic, inflation, elevated stock prices in the US, elevated crypto prices etc etc Downing buyback might nudge the share price back up.
02/12/2020
11:59
red ninja: Well I think Braemar Shipping Services and Pennant share prices have both recovered to some degree since DSM exited. Doubtless some of their share price weakness was due to Downing selling out. Downing said it still rated Braemar Shipping Services and Pennant, but there was better investment opportunities elsewhere that is probably logical as a lot of good stocks have also crashed. Maybe they have the same rationale if they are selling out of Science In Sport. Yes Volex has been there one and only clear success of their long term holdings. I see SWSC has £4 target for Volex. I certainly think they will do well, but not sure how quickly they will get to £4. Hopefully Digital Box and Toe Holds 1-3 will impress with time.
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