Downing Strate. Share Price (DSM)

Thank you for this ripley94.

Reads to me like utter incompetence; mostly failure of dsm to realise promised financial performance improvement, for fund investors, in those 'value' assets dsm selected to invest in. No real world delivery experience it's been down hill from the get go....£1. They seem now to seek a way out and half way out the door already.

Downing Strate 9th out of 21 small cap funds .

Rockwood Strategic Ord is number one and much more impressive.

How much of the drop accounts for the large special dividend

Other than shares controlled by Milkwood Capital, a new investor opposed to the managed wind-down of DSM, less than 0.28% of the votes cast voted against Resolution 1. Given that the votes cast in favour of Resolution 1 shows continued support from shareholders for the managed wind-down of the Company and the distribution of cash proceeds, the Board has decided today to declare a special dividend of 30p per share, equivalent to £13.98m, with a further special dividend of at least £3.7m (which would equate to 8 pence per share) expected to be made by 30 June 2024.

Chairman Hugh Aldous commented: "As a Board, we are committed to doing the right thing for all our shareholders. We believe that the B Share Scheme offered a tax-efficient and cost-effective way of giving effect to the wishes as overwhelmingly expressed by our shareholders on 28 February. However, given today's result and the fact that our preferred proposal has been blocked by a new shareholder with an agenda of its own, we believe that the correct thing to do is to press ahead with a dividend to shareholders which, while not our preferred route, has the merit of fulfilling the mandate we were given to wind-down the Company and return cash proceeds forthwith."

On 11 April, the shares of DSM went ex-dividend – for those shareholders on the register at that date they will receive a dividend of c.30p on or around 26 April 2024.

Top ten of there holdings.

Real Good Food 10% Loan Notes 8.32%

Flowtech Fluidpower plc Ordinary 50p 8.29%

Hargreaves Services plc Ord GBP0.01 8.28%

Centaur Media plc Ordinary 10p 7.47%

Fireangel Safety Technology Plc 6.35%

Volex Plc Ordinary 25p Shares 6.26%

Ramsdens Holdings Plc Ord GBP0.01 6.00%

Digitalbox Plc 5.83%

Synectics Plc 5.45%

Real Good Food 12% Loan Notes 4.64%

Price/book (mrq) 0.84 mrq = Most-recent quarter

From this site

Shares in Issue 46.61m

Market Cap. £14.45m

Market Size 3,000

PE Ratio -4.111406

Earnings -7.54

Dividend 0.00

Yield 0.00%