Duke Capital Share Discussion Threads

[jimbox1] 06/12/2019 09:08

I bought on the basis of the IC recommendation, but I have now sold out.
It seems to me to be a risky business model. The company has expensive borrowings, which provide funds to lend to companies that are exposed to the economic cycle. In the event of a significant customer default, Duke would be exposed.

[sogoesit] 06/12/2019 08:32

A new one for me.
Significantly under-valued, imv, with about 50% upside on the share price one year forward view.
Buying more today.

[mr hangman] 06/12/2019 07:17

Simon Thompson is going to love this...

[davr0s] 04/12/2019 07:35

Not sure - I had them in for today

[piedro] 04/12/2019 07:35

Interim results were on the 4th of December last year
Anyone know when this year?

[solarno lopez] 18/11/2019 08:33

nice start

[davr0s] 05/11/2019 19:17

Yeah IC pain in the proverbial imo

[solarno lopez] 05/11/2019 15:24

that counts for the spike up then down !

[wrighna1] 05/11/2019 13:37

Simon Thompson tipped again today in IC

[masurenguy] 04/11/2019 07:36

DUKE has paid off the residual balance of its revolving credit facility from £11.65m to zero. The New Credit Facility of £30m enables DUKE to benefit from annual interest savings (UK LIBOR + 7.25%, previously +9.5%). The New Credit Facility also provides material additional headroom of a further £20m, providing access to a total of up to £50m under the facility, subject to loan thresholds. This suggests that a further investment could be fairly imminent.

Neil Johnson, CEO of DUKE said: "Taking the net proceeds of the fundraising together with the substantial capital available under the New Credit Facility, Duke is well placed to execute its strategy. Paying down the outstanding balance of the new revolving credit facility saves interest and reduces the inefficiencies of idle cash on our balance sheet. We look forward to continuing to diversify our portfolio through investing in new royalty partners as well as follow-on investments into existing partners."

[swiss paul] 01/11/2019 13:22

£2 Million Follow-On Contribution with Existing Royalty Partner
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 a follow-on investment of £2 million into its existing royalty partner Lynx Equity (UK) Ltd. ("Lynx UK").

Lynx UK will allocate Duke's further contribution towards the acquisition of Danish manufacturer, Sundby Trapper ("Sundby"), which was undertaken in May 2019 and represents its fifth acquisition across the UK and Europe. This follow-on investment diversifies both Duke's portfolio and Lynx UK's revenue base.
Based on the increased investment and enhanced exposure of £12 million in Lynx UK, Duke will be entitled to higher distributions of £1.6 million per annum from Lynx UK, beginning in November 2019. This represents a pro forma cash yield of 13.0% on total invested capital. This follow-on transaction will also increase the security of Duke's investment. All other terms of the £2 million contribution are the same as Duke's previous investment made into Lynx UK.

Sundby is a manufacturer of specialised steel staircases and related products in Denmark and throughout the Nordic region. Founded in 1964, it has a strong market presence and a solid growth opportunity servicing residential, commercial and institutional markets. Its reputation for best-in-class products has enabled it to win bids for prestigious projects, including The National Gallery of Denmark and the Norwegian Royal Palace.

[swiss paul] 01/11/2019 13:21

16/10/2019

BlackRock, Inc.
Position of previous notification 10.04%

Resulting situation on the date on which threshold was crossed or reached 9.98%

Reduction or just a tidy up?

[swiss paul] 30/10/2019 20:41

(Alliance News) - Duke Royalty Ltd on Wednesday said that it has raised an additional GBP892,287 via share open offer, as it received valid applications in respect of 2.0 million open shares.

The royalty financing company, as a result, has raised GBP17.5 million in gross proceeds via a previously announced fundraising, following the issue and allotment of 39.7 million new ordinary shares, comprising 36.6 million placing shares, 2.0 million open offer shares and 1.0 million retail offer shares.

[melody9999] 24/10/2019 11:10

looks like the 4 X 450K transactions this morning cleared the overhang

[bothdavis] 23/10/2019 18:45

Hmmm, down 11% on my initial investment. Because I am up to my ISA limit can't buy anymore until April...GRRRRRR!

[eentweedrie] 23/10/2019 14:08

fair point

[melody9999] 23/10/2019 12:38

agree the placing has not gone down well eent

however the £16M placing already concluded was through institutional investors - so they will not be selling. the open offer will not be heavily subscribed as most will buy in the market at below 44p.

not often you can get in at below the price offered to institutions and pick up a 6.5% divi whilst waiting a share price recovery.

[eentweedrie] 23/10/2019 11:06

to clarify I will be buying but this ridiculously discounted share placing did not go down very well.most of the placees will be dumping at the earliest opphence the further dropaimho

[eentweedrie] 23/10/2019 10:41

I will be buying at around 38p...

[melody9999] 23/10/2019 10:23

So I've put my money where my mouth is added another 20K at 42.7p. That is 1.3p below the placing price.

[davr0s] 22/10/2019 19:24

Mystic megs arrived - can I have the winning lottery numbers whilst you look into your crystal ball