Duke Royalty (LON: DUKE) is up almost 4% Thursday morning after the company released a trading update, providing guidance for its third financial quarter ending 31 December 2022.
Analysts at Canaccord Genuity nudged up their target price on diversified financial group Duke Royalty from 53.0p to 54.0p on Thursday, citing “material growth” throughout the trading year.
Duke Royalty Ltd – Guernsey-based royalty finance provider – Says it has successfully raised GBP18.5 million in placing of 1.5 million shares at 35 pence each, as well as a further GBP1.5 million through PrimaryBid offer. Placing is conditional on shareholder approval at the extraordinary general meeting on May 26.
Specialist domiciliary care company Tristone Healthcare has expanded with the acquisition of a South West care home operator after securing a £2.3m follow-on investment from Duke Royalty.
Finance provider Duke Royalty said on Thursday that it had continued to convert its “robust pipeline” in the third quarter, securing two additional partners and completing three follow-on investments into existing partners.
Healthcare provider Tristone has secured a £10.5m investment from Duke Royalty in a partnership that aims to grow the business quickly through acquisitions.