Share Name Share Symbol Market Type Share ISIN Share Description
Duke Royalty LSE:DUKE London Ordinary Share GG00BYZSSY63 ORDS NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.20p +0.47% 43.20p 42.40p 44.00p 43.20p 43.00p 43.20p 66,716 10:39:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -0.9 -1.4 - 85.49

Duke Royalty Share Discussion Threads

Showing 76 to 100 of 100 messages
Chat Pages: 4  3  2  1
DateSubjectAuthorDiscuss
10/10/2018
15:05
Interview with Executive Director Charlie Brookes: hTTps://cube.investments/cube-podcast-1-interview-with-duke-royalty-duke/
rndm355
26/9/2018
16:17
Piedro re your post las month - just back from Budapest and saw 6 Viking Cruise ships tied up because of low water level - must be affecting Temarco also.
puku
24/9/2018
07:28
Divi increased
cambium
23/9/2018
16:38
Ok thanks. We should be hearing about the annual royalty determination for Temarca and Lynx too which will be interesting. Didn't get an update since the Operational update in May. Think they were due start of July and August.
toadhall1
23/9/2018
10:53
@toadhall1 After my previous post, I found this link: hTTps://www.thisismoney.co.uk/money/investing/article-5642289/MIDAS-SHARE-TIPS-Rev-shares-Duke-Royalty-profits-surge.html My calcs are on the pessimistic side (e.g. aggressive costs of 2.3x H1), so I hope they'd be bettered, but can't see how Midas get their £500k profit this year from. Then again, they were expecting results to be out in June (two month after article date) ! Obviously I hope Midas are correct, and I'm way off the mark ! lol My first (basic) calcs of costs were at £100k per month, although expecting it to be higher, I'm hoping it won't be more than £125k p.m. (£1.5m for year). Royalty income (Sept onward), is £451k p.m. (which is the easiest part to work out), basically, leaving £326k (£1m each quarter) which can be accrued to self-invest in Royalties. I've set up my calcs for H1-18/19 & YE-18/19, but need the Finals actuals for these to work properly. Edited to add that I'm ready to double-up on any unwarranted drop tomorrow, ironically, using proceeds from selling bank shares :^)
dsct
23/9/2018
09:54
Looking forward to the results on Monday. Hopefully no cost surprises. Good that the Canadian health royalty closed recently. The smaller US legal docs one seems to be taking a bit of time to close out though - that was the one for which the loan was taken out in June. Not expecting too much new investor interest yet to drive price. Nicely under the radar. But once all the recent money is invested that's when we should start to get significant yield compression. I'd also like to see the company start to accrue cash for reinvestment in new royalties rather than rely on placing. I would imagine that is the strategy given the transformational size of the recent one.
toadhall1
22/9/2018
17:35
As the finals are due on Monday (24th) I decided to have a look at my estimates, although I'm only a recent holder, so could be way off the mark. I have a breakdown of the figures, but here are the main ones. Net Investment profit: £1.4m Total Expenses: £1.4m (It's actually showing a £22k loss ! lol) Main Balance Sheet items: Current Assets (mainly cash): £8.9m Royalty Investments: £23.6m Shares Issued: £59.0m Retained Earnings: (26.5m) GLA and think this is one of my safer (more sensible?) investments ! lol
dsct
30/8/2018
17:24
Thanks both
riverman77
30/8/2018
17:10
They also get senior security on assets
simoore89
30/8/2018
15:55
riverman..unlike investment trusts,Duke do not take any equity in the companies they provide loans to.This is part of the reason why they are able to get such high rate of returns on their loans.Their assets comprise mainly of the cash on their balance sheet and the value of their loan book.So yes they are trading at significant premium to their assets,but you get pretty decent and growing yield on your investment in return ..for a long time, depending, of course, on the performance of the borrowing companies.
nurdin
30/8/2018
14:51
Does anyone have an estimate of the current nav per share? I presume this is trading at quite a hefty premium (which would normally put me off, although this looks potentially interesting).
riverman77
30/8/2018
13:58
Looks good
toadhall1
30/8/2018
12:27
Why do you think the trades are sellers?
davr0s
30/8/2018
11:17
3m traded already. Wonder who the sellers are - surely none of the recent institutions are selling at 44p when they bought at 42p?
igbertsponk
30/8/2018
10:43
@toadhall1 In addition to my previous post, I've added the royalty income for the 3 months preceding the divi payment date and the divi amount. Oct 17 - 0.5p on 45m shares Jan 18 - 0.5p on 97m shares - income £340k, Divi £484k Apr 18 - 0.6p on 97m shares - income £535k, Divi £581k Jul 18 - 0.7p on 97m shares - income £902k, Divi £678k Oct 18 - ? on 198m shares - income 1,128k, Divi (at 0.7p) £1,385k If these figures are correct, it shows DUKE have, in the past, paid more in quarterly divis than their royalty income, so perhaps they'll keep the next at 0.7p. If they do have to reduce it, I can imagine poor reporting will headline "Duke slashes quarterly divi", which won't do the shareprice any favours ! I presume Duke understand this possibility, so hope they'll keep at the same level.
dsct
30/8/2018
10:39
Nice analysis there dsct....
nurdin
30/8/2018
10:28
Nice analysis. Just see you made a similar point to me about the next div as I was typing.
toadhall1
30/8/2018
10:25
Yes watching this closely. Nice one to gradually build a long term position in. Guess there might be limited dividend increases in the short term given the near doubling of number of shares and not all capital employed yet.
toadhall1
30/8/2018
10:19
@nurdin - One of the reasons I invested in DUKE was the few (but very informative) posts here. I've added this new investment to my spreadsheet. DUKE is one of the easiest companies to (try and) calculate ! (I think). For each month, I have an opening cash, less expenses (£100k pm), Plus income from partners (£451k from Sept.), less investments, less divis, to give a monthly closing cash balance. From my figures, I anticipate the Y/E finals to show £9.6m in cash. Since then they've invested £18.5m (£2m Lynx, £6.5m Brownhills, £10m InterHealth) and received £42m from issued equity. The Sept.18 cash balance should be approx £33m. I'm quite surprised that the divis have increased, even though the shares in issue has doubled once, and doubled again more recently: Oct 17 - 0.5p on 45m shares Jan 18 - 0.5p on 97m shares Apr 18 - 0.6p on 97m shares Jul 18 - 0.7p on 97m shares Oct 18 - ? on 198m shares
dsct
30/8/2018
08:48
I think this is a slow burner. Great news today, but its only the implementation of their stated business plan. 13% return pa for 30 years? We should be excited. However, I suspect that it'll take time for the market to digest. Dividend time will show the market the cash generative qualities of a deal like this. GLA TFC
the fat controller
30/8/2018
08:17
Yeh I think the same.. volume is so low. I think once the divi gets to double digits it will get some more interest! Currently got 45m to dish out so once that is gone hopefully won't be too long after that...
simoore89
30/8/2018
08:10
This looks an excellent investment to me...surprisingly little comment here.No price action either..
nurdin
26/8/2018
20:24
"Headquartered in Guernsey" flashes the amber light for me been burnt before by a company registered there, blamed the falling share price on short sellers then delisted the stock where they became worthless. Certainly keep my eye out on these to see if my gut is proved wrong, personally tempted on the the current yield and positive soundbites - but I've heard those before also.
creditcrunchies
23/8/2018
07:50
I've been watching Temarca Cruises - they have one vessel on the Danube and another sort of risk Record Low Danube Hinders Shipping in Hungary August 22, 2018 https://tinyurl.com/yd7yx6yf
piedro
08/8/2018
12:43
So I have taken a slug this am at just under 45p.
melody9999
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