Duke Royalty Share Discussion Threads

[brian3777] 12/4/2021 12:19

Hi Zangdook. Yes that is correct with the closed placing to the directors and fund managers of their choosing. You always see the director getting their allocation of shares. So again Zangdook, do NOT give away your statutory rights. Brian 3777

[zangdook] 11/4/2021 13:44

There was nothing to prevent existing shareholders taking part. Usually fundraisings are done as closed placings and most shareholders have no way to take part.

[brian3777] 11/4/2021 12:57

Hi Swiss Paul. The shareholders voted to give up their statutory rights. I can never understand why someone would give up their statutory rights. Anyway, that's the answer Paul. Brian123.

[swiss paul] 08/4/2021 20:34

so was this allocation only thru primary bid and not open to existimng shareholders - how did that work?

[btgman] 08/4/2021 12:44

All worked a treat for me first time I have used Primary Bid. Duke looks well set with these additional funds looking forward to seeing the new Royalty partners and increasing dividends. I understand we should get a trading update this month AIMHO GLA BTG

[beech1] 08/4/2021 12:38

Brian I received an e mail on Wednesday morning from primary bid confirming my allocation. The admission date of the shares is 19th April when they will be available to trade in my broker account although I am a LTH.

[brian3777] 08/4/2021 12:09

Hi Beech. Have you received the shares? The web site tells me its still pending. I have used the Primary Bid 2 times before with no problem. I got a phone call from them telling me there was a problem with, World Pay. So I was interest to find out if other subscribers have had the same difficulties. Brian3777

[fillspectre] 08/4/2021 11:26

Plenty of news to come over the next few weeks. Monday - Q1 dividend payout. Friday EGM result. Then following Friday we should get news of where Duke are going to invest their newly raised capital. Lots of excitement to give this a high profile throughout this month. Wouldn't be surprised if ST gives it another write-up in the IC once we learn about new investee companies. Fils

[beech1] 08/4/2021 08:33

I had no problem and was allocated my full 60,000 share allocation. This fund raise, the disposal of the cruise ships and the existing loan facility will give considerable extra liquidity to invest in new and existing partners that should be immediately cash accretive. This successful placing also sets a great precedent for future placings.

[brian3777] 07/4/2021 12:25

Did anybody here have a problem with the Primary Bid offer? I had a phone call from them yesterday, about problems I have been having taking up the share issue. Brian3777

[btgman] 06/4/2021 22:23

Nice to see the £35m Duke fundraising completed, very much looking forward to seeing this money put to work with new Royalty partners and top up's to existing partners. Looking at the numbers I see this as accretive and should enhance earnings per share and dividends. It looks like they are stacked with opportunities a very interesting time in the cycle for Duke AIMHO GLA BTG

[piedro] 01/4/2021 12:35

astreix, "hopefully they have identified opportunities on where to invest this extra cash" From the Placing document: The net proceeds from the Fundraising are intended to be used together with funds available under the New Credit Facility: o to fund investments into two new Royalty Partners we have identified currently in due diligence process; o to provide follow on investment into an existing royalty partner for a business acquisition in due diligence process; and o to fund the longer-term pipeline of future royalty investments. - and there are further details re: the 'two new Royalty Partners' DYOR.

[solarno lopez] 01/4/2021 06:48

Thanks Igbert

[bagpuss67] 31/3/2021 19:31

Anyone got any clue of what the potential scale back may be.

[btgman] 31/3/2021 18:55

Duke is a fantastic investment great business model proven through the recent Covid pandemic excellent dividend yield good value at 35p it is like a life long annuity. AIMHO GLA BTG

[igbertsponk] 31/3/2021 17:04

Yes. And only on the App too!

[solarno lopez] 31/3/2021 16:59

Do existing shareholders have to apply through Primary Bid to obtain shares ?

[astreix] 31/3/2021 16:54

I think the exit of investment into River Cruising Vessels for a small loss is a good outcome - there is a loss (- 2% IRR) but it is a hugely impacted sector so all in all not a bad outcome. What do people make of the placing? They already I think have bank finance facility and still want to raise £30m more - hopefully they have identified opportunities on where to invest this extra cash. I'm a new to Duke but having entered at 27 no reason to complain - but I'm not sure whether it makes sense to participate in this offer or not?

[igbertsponk] 31/3/2021 16:47

Primary Bid fund raise at 35p for Duke on now.

[piedro] 29/3/2021 15:51

It remains to be seen whether Duke Royalty is a "cyclical" stock or otherwise. They have been getting through the COVID hiccup surprisingly well. AIMO

[johnroger] 29/3/2021 15:33

Bruce Packard for Sharescope, Opinion I think rather than large cap banks, miscellaneous financials like Cenkos, Equals, Duke Royalty,FinnCap, perhaps even K3 and RBG Holdings are a good way to play the recovery. These stocks are cyclical, benefiting from pent-up demand from last year and perhaps before that Brexit uncertainty. How long this lasts is anyone’s guess; the bear case is that we see a strong H1, but then disappointment later in the year.

[bg23] 26/3/2021 16:22

Still firm considering ex div very happy with this little gem

[abergele] 22/3/2021 09:41

Just been offered buys at 37p,,on the bid price,,strange.

[btgman] 20/3/2021 08:45

Interesting coverage on ii. Over the coming year I do expect Duke dividend to increase quite significantly. AIMHO GLA BTG Https://www.ii.co.uk/analysis-commentary/five-aim-income-shares-your-isa-ii515519?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-WKLY-ENGAGE-ii_weekend_round_up_200321%20(1)&utm_content=newsletter&spMailingID=12610745&spUserID=MTIxNjc2Mzg0NjAxS0&spJobID=1714378954&spReportId=MTcxNDM3ODk1NAS2

[cheshire man] 18/3/2021 07:34

"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 the Board has approved an interim dividend of 0.55 pence (sterling) per share, an increase quarter-on-quarter of 0.05 pence, representing a 10% increase. The ex-dividend date is 25 March 2021, the record date is 26 March 2021 and the payment date is 12 April 2021".