Duke Capital Share Discussion Threads

[swiftnick] 03/12/2024 14:24

510 million shares in issue now and a market cap of GBP 142 million. This should raise the profile of the company and give us greater visibility.

[spawny100] 22/11/2024 22:49

Sounds a bit like the myth of perpetual energy.

[btgman] 22/11/2024 22:09

They will generate 13.5% on the money raised once invested
AIMHO
GLA
BTG

[mr hangman] 22/11/2024 16:44

So they are issuing even more shares at a 10% yield, does anyone else find this strange?

[panshanger1] 22/11/2024 16:07

Oversubscribed and upscaledNo shortage of demand for the placing

[valustar1] 22/11/2024 10:20

I think I saw it closed at 12.00 today. Then needs processing

[panshanger1] 22/11/2024 09:25

Shouldn't we hear the results of the retail offer today ?

[cfro] 20/11/2024 11:53

Directors talk video with Mark Thomas of Hardman:

[meanreverter] 19/11/2024 07:19

Hardman report issued:

[lord gnome] 18/11/2024 13:57

Beginning to look like the market is giving them the benefit of the doubt as well.

[panshanger1] 18/11/2024 10:19

Giving them the benefit of the doubt atm Have applied for a few more

[spawny100] 17/11/2024 16:01

Yes agree it's bit bizarre to me and a very big red flag. And for that reason I'm oot. Actually I sold half a few weeks back and thankfully the remaining half when I posted that it was odd for this to drop under 30p. Good luck all still in.

[34adsaddsa] 17/11/2024 15:58

But issuing shares at a big discount to NAV doesn't do that. If they're trading at a big discount they should be buying back shares as their investments mature, not issuing more.

Issuing shares at these prices almost guarantees value destruction, unless they use the money to buy equity stakes which then do well. But that isn't meant to be the business they're in.

I have a nasty feeling some of their current investments aren't in great shape and this is a way to shove more money their way without cutting the dividend.

[lord gnome] 16/11/2024 16:46

I'm happy to trust management. The fund raise is for investment and I reckon we will shortly hear of a strategic acquisition by one of the investee companies. Too good to miss perhaps, hence the need to raise funds quickly. There again, I may be talking total cobblers.

[misterd1] 16/11/2024 15:42

They're not raising money to pay a dividend

The net proceeds from the Fundraising are intended to be used to enhance value within Duke's portfolio through additional investment to support accretive near-term M&A opportunities by certain existing Capital Partners - the key term being accretive

[waterloo01] 16/11/2024 14:38

Questionable raising money to pay, or part pay a divi. Surely this is a relatively mature business so should be earning a enough return to sustain divi cover of 1:1. If not......

[34adsaddsa] 16/11/2024 14:20

The recent equity raise has made this a never-touch for me because it just doesn't make any sense.

[waterfall city] 16/11/2024 13:14

The last piece of the rns about building our third party funding strategy, reducing dependence on equity markets and minimizing dilution. Perhaps there looking to partner with capital providers going forward rather than equity raises?

[brucie5] 15/11/2024 13:35

Now that's confused me. Hope it's not becoming one of those shares where we pay in capital in order to take it back as income..?

[value hound] 15/11/2024 10:34

I also managed to get a few at a smidgeon over 27p, but don't really approve of such a "model" if that's what this is.

[cfro] 15/11/2024 09:37

Now we know the real reason for the price drop. Not wholly unexpected though DUKE do this from time to time. It's what their business model is, so as investors we have to come to expect it.

[parob] 15/11/2024 09:33

Yeah me too as I bought some at 30.5p a few days back. Happy to average down a touch though and hopefully that's a floor to the share price going in. Happy to collect the 10%+ dividends in my income portfolio :)

[riskvsreward] 15/11/2024 09:29

What is the point of paying a high dividend that is taxed at up to 45% for high rate paying investors, and then ask them for more money back, in the process paying big fees to a lot of people. It is not exactly a high growth business to justify raising more money. Could be a sign of short of cash flow.