Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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%
Bought these 15/11/17 for 98p
19/3/19 had fell all the way to 36p
10/10/21 5 year high 84p
Today 50% fall to 31p
News from last week.
After the news following the 3rd from the 4th April share went back to the steady 61p until today.
Downing Strategic wind down blocked by new shareholder Milkwood
Wed, 03rd Apr 2024 17:31 Alliance News
(Alliance News) - Downing Strategic Micro-Cap Investment Trust PLC on Wednesday said its proposed wind-down was voted down due to a new shareholder casting against it, while declaring a new dividend.
The London-based investment trust said its resolution 1 at the general meeting, regarding a managed wind down, received only about 57% votes in favour, falling short of the required 75%.
In March, Milkwood Capital Ltd, a long-term value-oriented fund manager based in Windsor, England, said it recently bought a near 17% stake in the company through the Milkwood Fund.
Milkwood back then said it believed that the UK equity market was materially undervalued, with this undervaluation even more pronounced in smaller-sized companies, which is where Downing's portfolio is invested. It believes that Downing provides an excellent vehicle to explore this opportunity.
"Other than shares controlled by Milkwood Capital Ltd, a new investor opposed to the managed wind-down of the company, less than 0.28% of the votes cast voted against resolution 1," Downing Strategic noted.
Meanwhile, Downing declared a special dividend of 30 pence per share, with a further special dividend of around 8p per share to be made by the end of June.
Downing Chair Hugh Aldous said: "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 trust and return cash proceeds forthwith."
Downing shares closed 0.9% lower at 57.50 pence each on Wednesday in London.
Thanks for that advise Camkite
Is there anything to be seen in the fundamentals published on this site .
Other site just have n/a against price to earnings on these AIM shares .
Yahoo has Price/book (mrq) 0.62 mrq = Most-recent quarter
Shares in Issue 409.68m
Market Cap. £14.13m
Market Size 50,000
PE Ratio -1.181507
Earnings -2.92
Dividend 0.00
Yield 0.00%
Price/Book1.52
Not sure fundamentals mean much on AIM casino .
This the only site to state a PE Ratio -255.41834 more usual to see N/A.
Shares in Issue 944.22m
Market Cap. £344.17m
Market Size 50,000
PE Ratio -255.41834
Earnings -0.142707
Dividend 0.00
Yield 0.00%
Bought back the second smaller slice on 9th for 35.7p
That is below the larger early slice that day 39.5p
From two days ago below "Sold the smaller usual tranche size buy of 25p on 23/10/23 for 45p"
The chart guys indicators called it wrong yesterday.
First large rise since 27th March two weeks waiting for it.
10.5p at 10am .
https://www.barchart.com/stocks/quotes/GCM.LN/opinion
These tea leave guys like the buy price.
Overall Average:
100% BUY
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
Noticed this rising from the dip back to 2.2p on 3rd April 2024.
Would of been a great top up.
Steady rise to today's 3.6p 8 days on.
Up 7.46% today spread 5.7% 60% gain over the 8 days .
Share had fallen back to 1.7p by 20th March.
These guys not so sure what the tea leaves are saying at only 8%
https://www.barchart.com/stocks/quotes/TERN.LN/opinion
Overall Average:
8% SELL
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
These guys say its a sell.
https://www.barchart.com/stocks/quotes/AVCT.LN/opinion
Overall Average:
88% SELL
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.
Overall Average:
80% BUY
Say these guys https://www.barchart.com/stocks/quotes/SRB.LN/opinion
Overall Average:
56% BUY
Say these guys https://www.barchart.com/stocks/quotes/KIE.LN/opinion
These guys say it a buy.
https://www.barchart.com/stocks/quotes/PANR.LN/opinion.
Overall Average:
100% BUY
These guys say its a sell.
https://www.barchart.com/stocks/quotes/PRTA/opinion
These guys correct so far when they say sell.
https://www.barchart.com/stocks/quotes/BA/opinion
Barchart Opinions show traders what a variety of popular trading systems are suggesting in terms of going long or short the market. The Opinions takes up to 5 years' worth of historical data and runs these prices through thirteen different technical indicators. After each calculation, the program assigns a buy, sell or hold value for each study, depending on where the price lies in reference to the common interpretation of the study.
Barchart Opinions are not a recommendation to buy or sell a security. Your decision whether or not to make a purchase should be based on your own due diligence and not on any representation we make to you.