Another nice boost to the cash in my ISA this morning from the dividend. The dividend is keeping my investment in DUKE in profit. |
Yes, lots of trades today. Looks like someone is offloading into strength.Like you, my big dividend paying stocks are being battered. Interest rate issues, I would guess. |
S/T comments helping now - apart from this Income portfolio having a shocker today |
LIKE – Likewise Group
4*
Likewise Group issued a positive update this morning announcing that total Group Revenue for the year ended 31 December 2024 was £150.8 million. Management indicated encouragement that this important milestone has been reached, the share price agreed and is up over 4% today and is extending its 1-month move higher....
...from WealthOracle
wealthoracle.co.uk/detailed-result-full/LIKE/1120 |
 Re-tipped by Simon Thompson who concludes as follows:
"Duke’s portfolio includes £218mn of hybrid credit investments with 14 capital partners, £5.4mn of loan investments with two partners, and £16.9mn of equity investments with 11 partners. Analyst Andrew Renton at house broker Cavendish believes the equity holdings could have an unrealised value of more than £50mn (9.8p) in exit premiums, a sizeable sum in relation to Duke’s market capitalisation of £157mn (30.7p) and its proforma net asset value (NAV) of £185.4mn (36.4p).
"Adjusting for the post period end equity raise, proforma net borrowings of £55.2mn equate to 30 per cent of NAV although gearing will rise to around 42 per cent when all the surplus cash is deployed. Free cash flow (FCF) will improve, too, as recurring quarterly revenue of £6.5mn in the latest quarter continues to grow. Cavendish predicts FCF of £13mn in the 12 months to 31 March 2025 will rise to £17.3mn in the new financial year, so easily covering the £14mn (2.8p) cash cost of the dividend on the enlarged share count. In other words, the 0.7p a share quarterly dividend underpinning the 9.1 per cent dividend yield is secure.
"The hefty dividend yield and 16 per cent discount to proforma NAV of 36.3p explain why Duke’s share price has held up well since I selected the Aim-traded shares, at 29p, in my 2021 Bargain Shares Portfolio. The holding has delivered a 41.9 per cent total return (TR), a material outperformance of the FTSE Aim All-Share TR index, which has declined 35.7 per cent in the same 47-month holding period. Expect the outperformance to continue. Buy." |
3*
Duke Capital Limited, a leading provider of hybrid capital solutions for SME business owners in Europe and North America, issued some fairly average looking guidance on its trading for the third quarter of the financial year ending 31 March 2025 this morning. Based on current trading, Duke expects to achieve recurring cash revenue of £6.5 million in Q3 FY25 which represents a 4% year-on-year increase on Q3 FY24 (£6.3 million) and an increase on the prior quarter, Q2 FY25, which saw the Company deliver record recurring cash revenue of £6.4 million. The business is growing slowly but ...from WealthOracle
wealthoracle.co.uk/detailed-result-full/DUKE/1109 |
Update reads well, current yield 9%.
Steady as she goes. |
I make that a marginal improvement on full year expectations (given Q2 total cash revenue was ahead of my forecast figure) |
Continued slow but steady progress underpinning the large dividend. |
Make that 4! |
Let's keep it just to us three then !!Merry Christmas everyone |
Well it is Christmas Eve my Lord |
So it is! I don't think the market has noticed. |
Ex dividend today |
Another quarter, another dividend. Including dividends I am certainly in profit. The yield is currently above 9% |
On 27 September 2024, the Company approved a further quarterly cash dividend of 0.70 pence per share, totalling £2,923,000, which was paid on 12 October 2023.
Time travellers it would seem - hence why I've invested in this entity!!!!! |
did you spot the date error in the dividend note
And this is after the management and the auditors would have ran through |
Couldn't see a dividend announcement |
Good to see they are moving towards a third-party capital model.
Their previous model of raising funds through the equity markets and hence dillution should be no more..
Of course having a big lender on board as a jv will mean added fee's to pay for DUKE but in turn it should give them, in a sense, unlimited access to capital which means they will be able to lend out much more.. |
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. |
Sounds a bit like the myth of perpetual energy. |
They will generate 13.5% on the money raised once invested
AIMHO
GLA
BTG |
So they are issuing even more shares at a 10% yield, does anyone else find this strange? |
Oversubscribed and upscaledNo shortage of demand for the placing |
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