DOWNING STRAT MICRO-CAP INV TST PLCRED ORD GBP0.001
Symbol: DSM
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Company
Business Summary
Downing Strategic Micro-Cap Investment Trust plc is a United Kingdom-based investment company. The Company's investment objective is to generate capital growth for shareholders over the long term from active involvement in a focused portfolio of United Kingdom micro-cap companies (those whose market capitalizations are under £150 million at the time of investment) targeting a compound return of 15% per annum over the long term. The Company's portfolio of investments typically comprises between 12 and 18 holdings. It typically seeks to hold between 3% and 25% of the equity of these investee companies, notwithstanding the ability to use debt instruments alongside equity. Typically, investments are appraised over a three to seven-year investment horizon. It invests in various sectors, including consumer discretionary, industrials, cash, support services, electrical equipment, financial services and telecommunications. The Company's investment manager is Downing LLP.
Financial Summary
BRIEF: For the six months ended 31 August 2024, Downing Strtgc Mcro-Cap Invstmt Trst PLC revenues increased from -£2.8M to £2.5M. Net income totaled £1.7M vs. loss of £3.3M. Revenues reflect Unrealized Capital Gains/Losses - Total increase from -£2.3M to £5.4M, Bank interest income increase from £20K to £61K. Dividend per share increased from £0.01 to £0.02. Basic Earnings per Share excluding Extraordinary Items increased from -£0.07 to £0.04.
Performance
Composition
Important Documents
Management Team
Financials
Income Statement - All values are in GBP (M).
|
Year Ending |
29/02/2024 |
28/02/2023 |
28/02/2022 |
28/02/2021 |
29/02/2020 |
28/02/2019 |
|---|---|---|---|---|---|---|
| Total Revenue | -4.56 | -1.69 | 3.22 | 6.39 | -0.40 | -9.40 |
| Gross profit | -4.97 | -2.13 | 2.66 | 5.94 | -0.92 | -10.03 |
| Operating Profit/Loss | -6.13 | -3.74 | 2.42 | 5.70 | -1.16 | -10.27 |
| Profit Before Tax | -6.13 | -3.74 | 2.42 | 5.70 | -1.16 | -10.27 |
| Profit After Tax | -6.13 | -3.74 | 2.42 | 5.70 | -1.16 | -10.27 |
| Equity Holders of Parent Company | -6.13 | -3.74 | 2.42 | 5.70 | -1.16 | -10.27 |
| Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
|
Year Ending |
29/02/2024 |
28/02/2023 |
28/02/2022 |
28/02/2021 |
29/02/2020 |
28/02/2019 |
|---|---|---|---|---|---|---|
| Total Non-Current Assets | NIL | 36.93 | 39.44 | 39.22 | 31.74 | 35.33 |
| Total Current Assets | 30.88 | 1.59 | 3.86 | 3.47 | 7.45 | 6.24 |
| Total Assets | 30.88 | 38.52 | 43.30 | 42.69 | 39.19 | 41.57 |
| Total Liabilities | 0.25 | 0.17 | 0.24 | 0.16 | 0.10 | 0.10 |
| Total Net Assets | 30.63 | 38.36 | 43.06 | 42.52 | 39.10 | 41.48 |
| Shareholders Funds | 30.63 | 38.36 | 43.06 | 42.52 | 39.10 | 41.48 |
| Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
| Total Equity | 30.63 | 38.36 | 43.06 | 42.52 | 39.10 | 41.48 |