Share Name Share Symbol Market Type Share ISIN Share Description
Duke Royalty Limited LSE:DUKE London Ordinary Share GG00BYZSSY63 ORDS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 1.67% 30.50 1,155,964 16:35:17
Bid Price Offer Price High Price Low Price Open Price
30.50 30.80 30.75 30.00 30.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1.92 1.10 27.7 73
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:17 O 150,000 30.50 GBX

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Duke Royalty (DUKE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-05-28 16:29:4530.50150,00045,750.00O
2020-05-28 15:55:4230.00250,00075,000.00O
2020-05-28 15:35:1730.5010,0003,050.00UT
2020-05-28 15:28:4630.7919,8966,124.98O
2020-05-28 15:28:0230.7916,2254,994.87O
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Duke Royalty (DUKE) Top Chat Posts

Duke Royalty Daily Update: Duke Royalty Limited is listed in the General Financial sector of the London Stock Exchange with ticker DUKE. The last closing price for Duke Royalty was 30p.
Duke Royalty Limited has a 4 week average price of 17.25p and a 12 week average price of 17.25p.
The 1 year high share price is 51.50p while the 1 year low share price is currently 17.25p.
There are currently 239,627,358 shares in issue and the average daily traded volume is 2,035,945 shares. The market capitalisation of Duke Royalty Limited is £73,086,344.19.
x54v: "Effectively, this is an opportunity to lock into a high dividend yield, benefit from the economic rebound when lockdowns are lifted, as is now happening, and capitalise on a likely improvement in investor sentiment, which should drive a marked narrowing of the share price discount to book value. For good measure, there is positive divergence on the charts as the 14-day RSI was significantly higher on the May re-test of the March share price low (‘Targeting value plays’, 16 March 2020), a bullish signal and one highlighting seller exhaustion. My target price is 40p. Strong buy." Https://
rik shaw: Trading statement: hTtps://
melody9999: swiss paul the company raises money allowing it to provide finance to companies in exchange for rights to a small percentage of their future revenues over a typical term of 25-40 years. the profit from these revenues made allows dividends to be paid. if it did not have capital available, it would not be able to finance companies and grow the business actually if you think about it, thats the way most companies operate - start with a sum of money, invest it in the business to try and make more money. hardly financial shenanigans! in terms of the LTIP, the awards are aligned to shareholder returns (which includes share price increases) and profits made (cash distributed as dividends). So seems to me that the LTIP aligns managements interest with shareholders interest.
swiss paul: Ye financial shennanigans and it makes me wonder why they do that. Take in one hand 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. But give in another Duke Royalty Limited is pleased to announce that the Board has approved an interim dividend of 0.75p per share with the ex-dividend date being 24 December 2019, the record date being 27 December 2019 and a payment date of 14 January 2020. Now I have to ask myself is the board in a LTIP that bases the reward on amount of divi paid? The LTIP Awards will be subject to performance conditions, (50 per cent. based on growth in total shareholder return ("TSR") and 50 per cent. on growth in total cash available for distribution per share ("TCAD per Share")). TSR can be defined as the returns generated by shareholders based on the combined value of the dividends paid out by the Company and the share price performance over the period in question. Is this a company that has its shareholders interests at heart?
davr0s: Not the end of the world - you have to accept these if you want to play this game. 6% discount is pretty normal - I've had two others in recent weeks and they have both been of this magnitude. Not a great fan of primary bid so will probably pass on this. -6% move in the share price would be noise if you step back and look at the normal volatility in this share. Price can of course go anywhere but would be surprised if it fell much more than this. In a few weeks this will likely be some distant memory
melody9999: NTV - its been quarterly nearly from the start:
hiraniha: Going to ask a thick question here. Looking at the trades on the LSE, there seem to be plenty at or very near 41 pence. They all look like purchases. Can anyone explain to me why the share price hasn't budged today at all?
carcosa: Ooohhh thanks podgyted for that Cenkos info. I calculated what I thought the change in dividends would bring and it came out so high I was embarrassed to post it here but after seeing your post I feel a bit more comfortable. FWIW I see DUKE sitting in my portfolio pretty much as an income share. My calcs are based on some of the additional £30m being deployed mid year and the additional 6% incomes as previously declared. Of course, today's RNS is included in my evaluation which brings in a tad under an additional £200k/month. Yields based on 42p share price. Edit: Slight error in my annualised yield table. For Pence read £
dsct: Firstly, apologies to the readers here for turning this previously quiet board into a near daily-posting situation - The lack of posts, and those that were here, being informative and useful was one (minor) reason I invested ! lol @Piedro I first looked at DUKE in April - an article in Shares magazine I believe, but although interested, never researched any further until June. A 'too good to be true' attitude, I believe is a benefit when investing, to stop over-zealous or impulsive purchases - speaking from experience and looking at some of the dogs in my 'folio ;^) I think the two main downsides for DUKE could be: 1) - Failure of one (or more) of their Royalty Partners (RPs). The ever-increasing diversification should lessen this impact. I think it will happen at some stage, but their selection criteria appears quite robust. I have read investor's concern about this while they only have/had 4 RPs. 2) Global recession - Increasing the possibility of 1) above. More potential RPs but with obvious added risk(s). Knock-on effect when trying to raise funds. As far as I'm aware, the placing is with new and existing Insitutional/large investors. This may be for speed/cost reasons, but maybe one day there could be a placing or rights issue for all shareholders. The £2m costs of the £44m placing (approx. 5%), plus the 44p placing being a 7.6% discount to the share price, equals a 12.5% one off-cost. I've no idea if this is good, bad or otherwise in comparison to the norm.
otherwys: 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
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