Duke has just announced a fund-raising of up to £20m, of which £16.1m has already been placed in an institutional offering at 44p per share. This will allow it to invest another £45m in the next 12 months. We estimate a sustainable ROE of 14% for Duke and we see the current fair value range at 50–58p per share.
Duke Royalty, an Aim-traded company that makes its money by providing capital to companies in exchange for rights to a small percentage of their future revenues over a typical term of 25-40 years, has reported a robust set of annual results and a new credit line that has prompted analysts to materially upgrade their forecasts.
Duke Royalty said annual profit more than doubled following a surge in total income as new royalty investments bolstered growth.
Duke Royalty Ltd on Monday said it hiked its dividend and swung to annual profit for the first time following a sharp increase in total income.
Duke Royalty, an Aim-traded company that makes its money by providing capital to companies in exchange for rights to a small percentage of their future revenues over a typical term of 25-40 years, has reported a robust trading update ahead of the release of its annual results on Monday 9 September.
Duke Royalty Ltd said Wednesday it expects its annual results to show a “significant uplift” from the year before.
The royalty-focused finance investment firm said that revenue and cashflow for the year to the end of March were in line with market expectations, and has seen its positive momentum continue into the first quarter of its current financial year.
Duke Royalty brings royalty finance concept to Britain, investing millions in established SMEs in exchange of share of revenue.
In a wide ranging podcast, Johnson discusses investment opportunities and short-term challenges in equal measure. He also touches on portfolio optimisation and the sort of synergies the company hopes to achieve via the Capital Step acquisition and what potential and existing investors can expect over the medium-term.