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Share Name Share Symbol Market Type Share ISIN Share Description
Duke Royalty LSE:DUKE London Ordinary Share GG00BYZSSY63 ORDS NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 41.80p 8,983 08:00:00
Bid Price Offer Price High Price Low Price Open Price
41.60p 42.00p 41.80p 41.80p 41.80p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial -0.86 -1.38 83.5

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Duke Royalty (DUKE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-22 16:01:2841.80716299.29O
2019-01-22 15:40:0841.80367153.41O
2019-01-22 10:00:5541.84473197.90O
2019-01-22 09:34:3341.856,0002,511.00O
2019-01-22 08:35:1241.601,427593.63O
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Duke Royalty (DUKE) Top Chat Posts

DateSubject
22/1/2019
08:20
Duke Royalty Daily Update: Duke Royalty is listed in the General Financial sector of the London Stock Exchange with ticker DUKE. The last closing price for Duke Royalty was 41.80p.
Duke Royalty has a 4 week average price of 41p and a 12 week average price of 41p.
The 1 year high share price is 50p while the 1 year low share price is currently 36.90p.
There are currently 199,872,459 shares in issue and the average daily traded volume is 134,732 shares. The market capitalisation of Duke Royalty is £83,546,687.86.
17/7/2018
12:57
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.
29/6/2018
20:50
dsct: @Stevie Blunder Thanks for your replies - very informative. I did go through their website - Who, what, when, how etc. and when looking at the media section, recalled reading about DUKE in the Shares magazine in April and thinking I should DYOR as it looked interesting. Anyway, I've now had a dabble, pre-divi. Initially, I was more interested in the divi return than potential share price increase, but it looks as though the latter could improve as they get more Royalty Partners (even if they have to issue more equity), due to their near-fixed costs.
05/12/2017
11:05
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
20/11/2017
13:23
otherwys: I agree they'll be looking for cash; but I'm expecting a dividend increase to be announced by end December first. The maiden divi was announced off the back of their first deal, which gave them £900k in income. They now have almost twice that, and their business model seems to be: raise funds do deals increase div watch share price rise raise more funds at higher share price etc At least that's what Artemis have done successfully in Canada, and Duke seem to be modelling themselves on them. Very happy to be invested here. GLA, and DYOR! Otherwys PS new to ADVFN but I use the same name on iii and LSE
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