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 -0.46% 42.90p 42.00p 43.80p 43.10p 42.90p 42.90p 21,048 11:00:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -1.4 -0.2 - 41.56

Duke Royalty Share Discussion Threads

Showing 26 to 50 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
09/5/2018
09:26
Creeping up nicely.
nurdin
08/5/2018
09:18
Agreed.Has high operational gearing which should boost dividends with modest increases in investees revenues.
nurdin
08/5/2018
08:55
Decent update this morning covering roughly half of the the royalty portfolio. That should help get the next equity raise away without much of a discount
stevie blunder
24/4/2018
09:00
Barclays have fixed the problem after Duke's intervention so I can buy more. And a new royalty this morning, which is obviously good news but also takes us closer to a share issue as they will almost be out of cash. I've added a few this morning
stevie blunder
22/4/2018
08:40
Tip in DM today HTTP://www.dailymail.co.uk/money/investing/article-5642289/MIDAS-SHARE-TIPS-Rev-shares-Duke-Royalty-profits-surge.html
rik shaw
18/4/2018
21:14
Thanks for the info about HL Duke have replied that they are aware that the problem exists with some online brokers and have their legal people working on it They promised to let me know when they sort it out. Not impressed with Barclays
stevie blunder
17/4/2018
23:14
No issue when i bought some at start of April from HL. Regs been in place since 1st Jan 2018 right. And that link suggests they have made the determination the rules don't apply to them. Be good to hear from others.
toadhall1
17/4/2018
13:19
I was thinking of adding to my holding here but Barclays wont let me. They say that DUKE is an investment trust so needs a Key Info Document, KID, before retail investors can deal. Morningstar list DUKE as an IT and that is that as far as Barclays are concerned. DUKE say they dont need one: http://www.dukeroyalty.com/our-investors/aim-rule-26.aspx Packaged Retail Investment Product Classification Duke Royalty shares (the Shares) are NOT a retail packaged investment product within the meaning of Article 4 of Regulation (EU) No 1286/2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs). As such, no key investor information document has been prepared in accordance with PRIIPs in respect of the Shares. I have emailed DUKE asking them to sort it out. Anyone else having trouble buying since these rules came in?
stevie blunder
13/3/2018
14:49
The raised divi will cost 2.35M cash/year. Expenses at the half year were 630k, maybe 1.5M full year? So if they get all the cash they raised invested at say 13% the divi is covered but not much more.
stevie blunder
13/3/2018
07:22
All counts: 13 March 2018 Duke Royalty Limited ("Duke Royalty", "Duke" or the "Company") Increase to Interim Dividend and Dividend Declaration Duke Royalty Limited (AIM: DUKE), a provider of alternative capital solutions to a diversified range of profitable and long-established businesses in Europe and abroad, is pleased to announce that its interim dividend has increased by 0.1 pence per share quarter-on-quarter to 0.6 pence per share, representing an increase of 20%.
spectoacc
08/3/2018
07:24
Some impressive director buys reported: Shareholder Number of Ordinary Price paid Shares acquired per Ordinary Share ----------------------- ------------------- -------------- Neil Johnson 125,000 40 pence ----------------------- ------------------- -------------- Charlie Cannon-Brookes 427,000 39.72 pence ----------------------- ------------------- -------------- Arlington Group Asset 45,193 39.99 pence Management Limited ----------------------- ------------------- -------------- Nigel Birrell 125,000 40 pence ----------------------- ------------------- -------------- Justin Cochrane 50,000 40 pence
spectoacc
05/3/2018
11:39
Another brick n the wall today. Good to see also that "In addition, we are pleased with the progress we are experiencing in terms of our future pipeline of deal opportunities"
stevie blunder
05/12/2017
13:57
@otherwys, Thanks for your comment. I understand where you're coming from, and the dilution in truth isn't huge, but two points: 1. Why not issue the new shares at say the mid-market price, or even a weighted price - or even better, a premium! 2. If it's going to be at a discount, all shareholders ought to have the opportunity to subscribe (rarely cost-effective, but back to point 1.) DUKE last issued shares (37.5m) in March, at....40p. So at least they're consistent :)
spectoacc
05/12/2017
11:05
Hi Specto, Yes I too have suffered from dilution and in general don't like it. However I think this is a different circumstance. Normally there's a single asset producing revenue, and when more shares get issued that revenue gets split between more shares, so every share has less. In this case, the extra funds will be used to add assets (new royalties) which will be earning revenue; and as the cost base for this type of business is low and pretty much fixed, the dilution is actually in how much of those fixed costs get attributed to each share, so the value per share increases. Simplistic example: £10m asset earning 10% revenue with costs of £0.5m, split between 10m shares: revenue = £1m, costs = £0.5m, profit attributable per share = £0.50. Add £10m shares at £1 each and invest in further assets earning 10%. Then you have £20m assets earning £2m with costs of £0.5m; profit attributable to each share = (£2m-£0.5m)/20m shares = £0.75. This is the beauty of Duke's model; this fundraising will allow an uplift in dividends, which then drives share price up, which then allows the next fundraising to be less dilutive, and so on. It's a virtuous circle. Look at Artemis (Canadian royalty company - share price history, dividend history, fundraising history - it's a proven model. Needless to say, I love it; but of course DYOR! GLA Otherwys
otherwys
05/12/2017
07:15
Reads well, BUT - I'm never happy about dilution, even when small.
spectoacc
04/12/2017
22:05
" Duke Royalty Limited (AIM: DUKE), the royalty financing company, is pleased to announce a proposed conditional placing and subscription ("Fundraising") to raise at least £20 million, before expenses, by way of a Placing of New Shares at a price of 40 pence per share (the Issue Price) and a Subscription by certain overseas investors on the same terms. The net proceeds of the Fundraising will allow the Company, inter alia, to continue to finance its diversified pipeline of royalty financing opportunities. Highlights £ Proposed Placing and Subscription to raise gross proceeds of at least £20 million £ Net proceeds to diversify portfolio of royalty investments and provide working capital £ Two new potential royalty partners in advanced stages of negotiation £ Additional proceeds to execute on new identified opportunities and/or follow on investments in existing royalty partners £ Following deployment of capital, Duke could have exposure to up to 6 underlying companies through four Royalty Partners £ Increased dividend yield expected following deployment of capital £ Issue price of 40p per share" Excellent news, fundraising at minimal discount, targets for investment at very advanced stages of negotiation, returning >13% yield, and an expected dividend hike once completed. Not quite as I'd anticipated but very happy with this all the same. Hope others join the party soon! GLA Otherwys
otherwys
20/11/2017
13:23
I agree they'll be looking for cash; but I'm expecting a dividend increase to be announced by end December first. The maiden divi was announced off the back of their first deal, which gave them £900k in income. They now have almost twice that, and their business model seems to be: raise funds do deals increase div watch share price rise raise more funds at higher share price etc At least that's what Artemis have done successfully in Canada, and Duke seem to be modelling themselves on them. Very happy to be invested here. GLA, and DYOR! Otherwys PS new to ADVFN but I use the same name on iii and LSE
otherwys
13/11/2017
12:25
Now they have 4 royalties underpinned by : A River cruise company A Storage company specialising in the kitchen and bathroom business A window cleaning company in Denmark. A label supplier. 14 Million invested, cash payouts to Duke 1.74 million so 12.4% Decent diversification. But now out of cash so a share placing on the way IMO, at least they have a decent story to tell. http://www.signalhome.com/prices.html https://label-express.co.uk/ http://partnerservice.dk/
stevie blunder
08/11/2017
16:31
Good to see they will be cash flow positive going forward On the down side a lot of new warrants and shares issued Partner Value Investments looks complicated and no proper explanation of what they did to earn the warrants. But if PVI have 9.6% of Duke they are incentivised to get some more deals It is all about execution as ever, painfully slow at the moment. Roll on the next deal!
stevie blunder
08/11/2017
16:07
Read pretty well today I thought (I didn't read it all).
spectoacc
06/10/2017
09:12
Yes a slow burner until they build a track record.
stevie blunder
06/10/2017
08:47
Missed that this morning, ta. Been weak, & on a dreadful spread - and they take "esoteric" to a whole new level. But at least the cash is finally getting deployed. As you say - possibility they'll try to raise more in near future.
spectoacc
06/10/2017
08:36
Good news this morning. Perpetual deal, with a buyback option after 5 years? Guessing the buyback would be eye-wateringly expensive for Lynx 12% headline return, slightly reduced from the first deal Running out of money now with more deals in the pipeline, so share issue on the way.
stevie blunder
29/6/2017
14:12
Not a bad move on (small) XD day.
spectoacc
23/6/2017
17:53
Yes, market cap of £18 million and assets at year end of £14.4 M I suspect they have one other deal nearly completed hence the size of the cash raise, but WDIK. Their running costs will be pretty much fixed, so getting scale by doing some deals will be really important in spreading costs. Currently their costs would eat up most of the cash from the first investment. Encouraging to see AXA, Henderson and Walker Crips on the register.
stevie blunder
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