Duke Capital Share Discussion Threads

[f15jcm] 09/9/2019 09:40

Valuation looks reasonable against both book value and earnings. Director's fees have gone up considerably I noticed but shareholder returns are healthy so I don't suppose you can complain too much about that.

[eentweedrie] 09/9/2019 09:39

you misunderstand, what I am saying is there will be further uplift - the sheep will pile in once the 'tipster' tips these; just like they are piling out now lol

[ntv] 09/9/2019 09:33

No, I didn't lose anything I actually made a profit again
Happy with what I made and a third trade on it this year so the return reasonable
If you rely on any tipster to make your profit then that is your risk/reward
good luck with your investing

[eentweedrie] 09/9/2019 09:13

i personally believe that when ST from IC rates this again, which i am sure he will do pretty soon, this will hit the 50's. aimho dyor etc

[eentweedrie] 09/9/2019 09:06

lol well congratulations - hope you didnt lose much

[ntv] 09/9/2019 08:55

I am out, Too many other fees/costs taken out of the pot before shareholders cut
Probably wrong. Plus UK economy is slowing faster then they are saying IMHO so cash is kin still

[eentweedrie] 09/9/2019 07:26

Very decent numbers - due an upward re-rate imv.

[williamcooper104] 08/9/2019 02:40

And at the current market cap any investor will be a Woodford when they realise that in a downturn they can't sell

[williamcooper104] 08/9/2019 02:38

Yep - asset light, people heavy, pro-cycillcial recruitment companies will be carnage in a recession (and maybe in a boom too) Interested in Duke at closer to a 10 yield Or when it is as diversified as a US BDC

[steverabet] 07/9/2019 17:42

that's a brave view. depending on the severity of the recession, duke could end up without a pot to p&ss in. if the investee companies go belly up, its hard to see how duke stays afloat

[piedro] 07/9/2019 06:59

"a recession right now would probably wreck it"

- I'm looking forward to one to prove the model

[steverabet] 06/9/2019 21:27

yes results on monday. as for price predictions, i watch the numbers. key for me is the inclusion of the words "significant uplift", that should give rise to a re-rate. for as long as the royalty partners tick along smoothly, i think that duke have a really good shot at proving the business model and great things could come. a recession right now would probably wreck it, but then its a matter of being close to the exit
goedenavond

[eentweedrie] 06/9/2019 16:15

lol i see - yes, you are in fact quite right!last chance to buy below 48p in my view. results on Monday, yes?

[steverabet] 06/9/2019 15:35

...syntax ever so slightly off for a native speaker (no offense - that can be down to geograpghy, my wife is scottish and i can understand about 70% of what she says) but eentweedrie is dutch for 123

[eentweedrie] 06/9/2019 14:32

ffs bubbling autocorrect is driving me insane

[eentweedrie] 06/9/2019 14:31

bunting up nicely now...

[eentweedrie] 06/9/2019 11:19

haha what makes you think that?

[steverabet] 06/9/2019 09:45

are you dutch, by any chance?...

[eentweedrie] 06/9/2019 07:59

will dip my tie in this am in anticipation of results on Mon...

[melody9999] 04/9/2019 13:56

I am surprised at the adverse reaction to the recent RNS. Seems to me that with the Capital Step portfolio, DUKE have gained scale and reduced the impact of a problem with one partner - even though they have first ranking security in such an event.

So now they are improving the agreements that they adopted when they acquired the portfolio - makes sense to me.

My initial investment in DUKE was initiated after I met Neil Johnson and was impressed by his approach, which follows the successful model adopted by his former colleagues in USA and Canada. Can't see any reason to change that stance based on events to date .... and I'll keep collecting the 6.5% pa divis whilst awaiting the capital growth which I believe will also follow.

[eentweedrie] 03/9/2019 18:35

down down down it goes

[bakedbean5] 02/9/2019 11:33

I would like to think that the lack of action (new investments) in the past 6 months has been associated with "cleaning up" the acquired Capital Step portfolio and bringing it more into line with existing investments.

Agreed the P&D investment does look out of kilter with the rest of the portfolio with the additional risk (now secured against the holding company) reflected in the 18% return.

Lets also not lose sight (pls correct me if I am wrong) that the typical return on the acquired portfolio was 16% as opposed to the 13% on existing Duke investments, so maybe 18% is not as out of kilter as it sounds?

Yes Recruitment is a "People" business and one either likes "people" businesses or not ... AFAIAC if it helps to broaden and diversify the investment portfolio and Duke think they understand the business and the investment will grow the business then I don't really have an issue.

I respect Graham Neary and think he writes some excellent stuff, his is the only real negative view I can find of the recent RNS ... it takes two views to make a market.

[williamcooper104] 02/9/2019 10:52

What I struggle with here is the nature of the businesses they've invested in Recruitment is a people business (obviously) with minimal assets, minimal barriers to entry - little to stop half the staff leaving and setting up own shop So struggling to see how this is a good credit This is compounded by the size of Duke and lack of diversification (not necessarily their fault - have to start somewhere) I love US BDCs and can see value in Dukes offering - but just struggling on credit