Duke Capital Share Discussion Threads

[riverman77] 12/12/2022 10:29

Any views on the warrants package? Seems quite a generous award that will be quite dilutive to shareholders.

[cfro] 12/12/2022 09:23

This will give DUKE a lot more fire powder.

[hazl] 12/12/2022 08:47

Quite a lot of potential here and they seem to be going against the rest of the doom and gloom.

There is a Mello event tonight from what I understand?

[cwa1] 12/12/2022 08:05

Refinance and Upsize of Credit Facility to £100 million on
Improved Terms with Fairfax Financial



Duke Royalty, a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and North America , is pleased to announce that it has entered into a new £100 million credit facility agreement (the "New Credit Facility") with Fairfax Financial Holdings Limited and certain of its subsidiaries ("Fairfax").



The material terms of the New Credit Facility are as follows:



· Term facility of up to £100 million to replace Duke's existing £55 million term and revolving facilities

· Five-year term, expiring in January 2028 with a bullet repayment on expiry and no amortisation payments during the five-year term

· Interest rate equal to SONIA plus 5.00% per annum, which represents an improvement of 225bps on Duke's existing rate of SONIA plus 7.25%

· As part of the deal, Duke will issue 41,615,134 warrants to Fairfax with a five-year maturity and strike price of 45 pence reflecting the strategic nature of the deal

· Initial drawdown of the New Credit Facility expected to occur in mid/late January 2023 coinciding with the expiry of the non-call period enshrined in Duke's existing credit facilities



The New Credit Facility will provide Duke with a significant amount of additional liquidity and will push out the Company's requirement for additional equity capital. Furthermore, the New Credit Facility comes at a lower cost to the Company's existing credit facility thereby having an immediate and material impact on the free cash flow of the Company.



Neil Johnson, CEO of Duke Royalty, said:



"I am delighted to announce this upsized credit facility with Fairfax on improved terms for Duke shareholders. Fairfax is an internationally recognised and well respected company. Both Duke and Fairfax have similar philosophies of investing in a supportive way over the long term and I believe that this is the start of a long standing and mutually beneficial relationship.



"The upsizing of the New Credit Facility will allow Duke to accelerate its growth and deployment schedule without any near-term equity dilution. More strategically, Fairfax and Duke believe our partnership can benefit more businesses looking for long-term, flexible capital solutions by increasing Duke's capital base and diversification, as well as benefit Duke's shareholders through higher free cash flow per share."



Prem Watsa, Chairman and CEO of Fairfax, said:



"We are impressed with the degree to which Duke's investing philosophy aligns with our own - focusing on lending to established, profitable, cash-generating, well-managed companies, with incentivised management teams. We are delighted to be partnering with Duke and believe that there is a large group of companies that can benefit from Duke's long-term flexible support."

[davidosh] 11/12/2022 21:43

There has been a minor change to the programme and so Duke Royalty, Tharisa and Altitude will be presenting on the MelloMonday webinar at 5pm tomottow.



These are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[zangdook] 01/12/2022 09:01

Wow, finally got back to the placing price. Will it hold?

[feddie] 01/12/2022 08:54

Good results published today.

[melloteam] 24/11/2022 21:42

Just to let shareholders and prospective investors know that Duke Royalty, Tharisa and Newmark Security will be presenting on the MelloMonday webinar at 5pm on Monday 12th December 2022.

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[bothdavis] 21/11/2022 22:34

Hopefully going to recoup some of the losses!

[weaverbeever] 21/11/2022 18:21

A lot of buying today

[bothdavis] 12/10/2022 21:31

Up side your head........

[carcosa] 23/9/2022 09:57

Annual Report and Presentation now available from

[cwa1] 22/9/2022 07:20

Interim Dividend and Dividend Declaration

Duke Royalty, a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and North America, is pleased to announce that the Board has approved an interim dividend of 0.70 pence (sterling) per share in respect of the second quarter of Duke's financial year, ended 30 September 2022.

The ex-dividend date is 29 September 2022, the record date is 30 September 2022 and the payment date is 12 October 2022.

[melody9999] 09/9/2022 10:29

A useful nugget in the Chairman's report that adds comfort:

I am pleased to report that during FY22 Duke's royalty partners were, in the majority of cases, able to pass on this FY22 cost inflation to their customers and many were able to post record operating performance of their own. One of the core benefits of the Duke business model is that it provides shareholders with a degree of inflation hedging as higher costs being incurred by its royalty partners translate into them charging higher pricing (and therefore generating higher revenues) which in turn should lead to an increase in Duke's cash receipts via the annual reset mechanism.

Because of this, it occurs to me that when doing DD on potential new royalty partners, DUKE will likely be examining if those companies have moats to enable pricing power.

[mr hangman] 08/9/2022 08:57

This should really be trading in the 40's, one would imagine a decent write up by
ST later

[kadvfn1] 08/9/2022 08:07

Wow awesome set of results. Looks like we'll get a divi and share price increase from here.

[archy147] 08/9/2022 07:41

And very nice they are :)

[brucie5] 08/9/2022 07:36

Results out.
:)

[melloteam] 05/9/2022 13:37

Just to let shareholders and prospective investors know that Duke Royalty PLC and Hostelworld Group PLC will be presenting on the MelloMonday webinar at 5pm on Monday 12th September.

The event will also feature an interview with Rosemary Banyard, Fund Manager at Downing LLP and our popular Mello BASH (Buy, Avoid, Sell, Hold) with a panel of analysts and professional investors.

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[btgman] 02/9/2022 11:35

Results next week will be an indication of how they are doing. I have a very strong feeling they are doing better that they current share price suggests

AIMHO
GLA
BTG

[divmad] 02/9/2022 11:29

If the dividend holds, in a deep EU recession coming up.

[btgman] 02/9/2022 09:43

Incredible opportunity down here. Over 9% yield is insanity even in this market. Bring on the results.

AIMHO
GLA
BTG

[sapporo59] 02/9/2022 09:08

no point faffing around

just got in with 13K shares at 30p


all the best to everybody