Duke Capital Share Discussion Threads

[purplepelmets] 12/2/2024 00:49

A lot of write-offs will happen here. No reason at all to take equity stakes in failing established businesses

[34adsaddsa] 11/2/2024 19:56

There's a reason they've ended up with equity stakes in so many companies they lent money to, and it's not because the companies are flush with cash.

[riverman77] 10/2/2024 09:48

I don't really see DUKE as a venture funder since all the companies they invest in are long established and cash generative - the exact opposite of venture. Also, I don't think the interest rates are sky high - the headline rate looks high since it combines an interest payment with a repayment of capital with no final payment (a bit like a mortgage). I can see why this form of finance would be attractive for a company not wanting refinancing risk or not wanting to give an equity stake (although that part does seem to be changing). Still a bit undecided on this, but so far hasn't really put a foot wrong and cashflow seems to be increasing very nicely every time they report.

[melody9999] 10/2/2024 09:40

I don't think either is the case 34. But if you do, then you should not be invested here!

[34adsaddsa] 07/2/2024 09:25

I'm not sure if Duke are ruthlessly leeching from hapless businesses or if Duke have just unwittingly chained themselves to walking corpses.

[carcosa] 07/2/2024 06:11

I first bought into DUKE February 2021. I liked the idea of a what was being touted as long terms loans into well researched and run businesses. It seemed relatively low risk, high return and a growth business for DUKE.

Clearly when the pandemic struck practically all businesses were in survival mode and DUKE managed it well.

Around the same time DUKE were taking on equity stakes which to me seemed a reasonable outcome as a consequence of the pandemic. Other businesses also did the same thing e.g. Avation and others. But those equity stakes were supposed to be a short term situation to get over the hump post covid.

Subsequently from the few customers DUKE has that issue financial reports mostly through Companies House some were and had been for years in a distressed situation. One or two clearly rely on DUKE to stay in business. In the long term it 'should' be okay because progress over many years will sort themselves out. However these business's were struggling before DUKE came along and I started to question the robustness (or their parameters) of their due diligence research.

The question that is often raised is why would a business pay extraordinary interest over and above the normal financing options. Duke has certainly marketed their advantages which also included not taking equity stakes, having board representation etc., However it they were such a great option then they should have been signing up new customers by the month.

Some months ago I stated that I saw Duke as being a quasi venture capitalist. For example they have deals whereby they have committed several follow on funds to an investee.

Following this 'rebranding' by Duke I am very much of the belief that that is what Duke is turning toward. 30% equity stakes is a very different proposition to how Duke started out.


Whilst I was okay with sitting back and collecting the dividends, seeing it as a bit of a passive income stream the company has changed, in my opinion, to a venture capitalist company or a investment company; much higher risk. Not what I signed up for. Hence I have been selling out of my reasonably large position since September last year and finally sold the last of my shares earlier this week. I just see better opportunities elsewhere.

On a wider picture falling interest rates will make Duke more valuable as a shareholder and indeed the investee companies should mostly benefit from a reducing inflation/bank rate so anyone who sticks with Duke for a few years is likely to be ok with it IMO.

Bye :-)

[spawny100] 06/2/2024 19:01

Lol yes I hadn't even realised there had been an RNS until you posted that.

[riverman77] 06/2/2024 17:03

Well the market not exactly bursting with excitement with the change of name/messaging announcement.

[spawny100] 05/2/2024 14:15

Interesting turnaround from selling last few days to some reasonable buying today!

[spawny100] 05/2/2024 10:02

But weak here lately and can't get a sell price. Cause for concern?

[carcosa] 03/2/2024 05:47

cfro, As I live overseas there is no way I can attend in person. However, I do recognise that should an opportunity exist then the advantages may be...

In a live setting, you can make eye contact, read body language cues, and engage more seamlessly in two-way conversation. This can help you better understand the information being presented and ask better questions. Better engagement and interaction.

When you attend in person, you can gain additional insights through observing the presenters, attendees, environment, corporate culture and more. These contextual details are hard to gather from a video feed alone.

Being there in person allows you to make introductions and meet individuals before and after the formal presentation time. This networking can lead to valuable relationships, opportunities down the line, or simply improved comfort with certain contacts.

When watching a video at your own desk or device, there are likely more distractions competing for your attention. In person you are focused singularly on the presentation. This avoids multitasking temptations.

[gregb] 02/2/2024 20:42

If anyone would like a free ticket to the Mello event, enter the promo code: Corp100 at the checkout.

[cfro] 02/2/2024 16:05

Why would anybody pay for a ticket to hear a presentation from DUKE when they do loads of presentations to investors all the time free of charge Lol..

[melloteam] 02/2/2024 15:17

Trading Update from Duke Royalty on MelloMonday
Just to let shareholders and prospective investors know that Duke Royalty, Poolbeg Pharma and Time Finance will be presenting on the MelloMonday webinar on Monday 19th February 2024, starting at 5pm.

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.
Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[spawny100] 16/1/2024 08:57

C'mon looking for a breakout here soon...

[wassapper] 11/1/2024 16:36

and a greater than 8% divi!

[spawny100] 11/1/2024 15:18

This is probably by far the most stable share in my portfolio at present in a very turbulent stock market. I might sleep easier if I sold all my blue chips and put the money in here!

[panshanger1] 09/1/2024 15:55

Some large trades going through this afternoon

[panshanger1] 03/1/2024 19:27

https://citywire.com/investment-trust-insider/news/high-yield-duke-looks-to-drop-royalty-in-rebrand/a2433223

[panshanger1] 29/12/2023 09:45

Trading update this morning and a follow on investment

[martincc] 29/12/2023 08:39

another good t/u, someone selling into the rise tho. Should get another tip from ST soon.

[spawny100] 28/12/2023 18:11

Nice, and unusual, to be in a share that doesn't fall on exdiv day!

[panshanger1] 27/12/2023 17:32

Ex div tomorrow

[cfro] 19/12/2023 09:26

Completely agree. Forget what the share price is doing on any given day. They keep on churning out those quarterly dividends and that's very important.

Folk today are too fixated on capital gains. If a share isn't going up then they are not interested. Ignore dividends at your peril. Especially when you can find an investment paying 9% pa, paid quarterly on the dot.

[this_is_me] 19/12/2023 07:43

This is an investment for the long term to collect the dividend whether the share price goes up or down.