Overview
Downing Strategic Micro-Cap Investment Trust PLC seeks to provide investors with long-term capital growth through a concentrated portfolio of 12-18 UK listed companies that typically have a market capitalisation of below £150 million (at the time of investment). We define these as micro-caps. The Trust intends to take an influential, strategic position (a 3% – 25% equity stake) in each underlying business.
You can access the fund’s website here
Fundamentals
Price
Research History
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07 Jun 2019 7 min read
QuotedData’s economic roundup – June 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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22 Mar 2019 2 min read
QuotedData’s investment companies roundup – March 2019
QuotedData’s investment companies roundup – March 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2019. Kindly sponsored by Baillie Gifford. JPMorgan Chinese, Fidelity China and Pacific Horizon benefited from a booming Chinese market in […]
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19 Dec 2018 2 min read
QuotedData’s economic roundup – December 2018
QuotedData’s economic roundup – December 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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11 Dec 2017 2 min read
QuotedData’s economic round up – December 2017
QuotedData’s economic round up – December 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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14 Jun 2017 2 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
News
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02 Nov 2020 3 min read
QuotedData’s morning briefing 2 November 2020
In QuotedData’s morning briefing 2 November 2020 – Downing Strategic Micro-Cap (DSM) reported interim results for the six months ended 31 August 2020. The NAV increased by 22.5% from the March 2020 low-point, but was down 5.5% over the period, on a per-share basis. Chairman, Hugh Aldous, noted the following: “I said in May that we […]
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04 May 2020 1 min read
QuotedData’s morning briefing 4 May 2020
Some encouraging signs from around the world, with countries ranging from Italy, Portugal, Thailand and Nigeria, beginning to ease lockdowns. NB Private Equity Partners (NBPE) agreed with Massachusetts Mutual Life Insurance Company to increase the existing credit facility by $50m to $300m. Downing Strategic Micro-Cap (DSM) reported annual results to 29 February 2020, with the […]
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11 Nov 2019 2 min read
QuotedData’s other news 11 November
In QuotedData’s other news 11 November – Civitas Social Housing (CSH), the real estate investment trust (REIT) dedicated to investing into regulated social housing across the UK, will report half year results for the period ended 30 September 2019 on Monday 2 December 2019. Yew Grove REIT (YEW), which owns a diversified portfolio of Irish […]
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14 Oct 2019 1 min read
QuotedData’s other news 14 October 2019
In QuotedData’s other news 14 October 2019 – Downing Strategic Micro-Cap noted that with reference to the announcement of 27 September 2019, the board announces that the resignation of Mr Andrew Griffiths, a non-executive director of the company took effect from Friday 11 October 2019. Elsewhere, Aberdeen New Thai reported solid interim results, benefiting from the […]
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03 May 2019 2 min read
Downing Strategic Micro says underlying discount growing
Downing Strategic Micro says underlying discount growing – the NAV per share dropped by almost 20% over the year to the end of February 2019. The shares moved from trading at a small premium to a small discount. There will be a dividend of 1.25p, payable from earnings of 1.5p. There are 13 companies in […]
Upcoming Events
In The Press
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25 Feb 2020 2 min read
What does the future hold for investment trust activism?
Lauren Mason for Investment Week What does the future hold for investment trust activism? – QuotedData’s James Carthew shares his views An active year for trust boards According to NAVF’s website, the management team will pursue “multiple activist strategies” including communication with management teams and boards, putting company representatives on the board of investee companies, […]
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07 May 2019 2 min read
Investment trust insider on BlackRock Smaller and Downing Strategic Micro Cap
Investment trust insider on BlackRock Smaller and Downing Strategic Micro Cap – James Carthew: BlackRock and Downing show the two sides to small-cap investing Both BlackRock Smaller Companies (BRSC) and Downing Strategic Micro-Cap (DSM) reported results last Friday. The two UK small-cap trusts had very different years. Both lost money – it would have been quite […]
