Duke exits Irish insurer BHP as private equity steps in
ALTERNATIVE capital provider Duke Royalty has exited its investment in Irish niche insurer BHPC, which trades as BHP Insurance.
ALTERNATIVE capital provider Duke Royalty has exited its investment in Irish niche insurer BHPC, which trades as BHP Insurance.
Efficiency Market Theory (EMT) dictates that all publicly available information should be priced into a company’s share price. However, EMT has flaws in my small-cap and micro-cap hunting ground, otherwise I would not be able to regularly flag up market mispricing investment opportunities.
Alternative capital provider Duke Royalty has entered into an CAD 8.3m (£4.8m) royalty financing agreement with Creō-Tech Industrial Group, it announced on Monday.
Manchester-based technology consultancy, inTec Business Solutions, has entered into a £7.7m royalty financing agreement with Duke Royalty.
Alternative capital provider Duke Royalty said on Monday that its first-quarter cash revenue performance had slightly bested internal forecasts. Duke stated cash revenue, being cash distributions from its royalty partners and cash gains from sales of equity assets, totalled £2.9m for the three months ended 30 June, marginally above management’s expectations.
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UK investment group Duke Royalty has exited its investment in Irish firm Berkley Recruitment, generating a 16pc return.
Duke’s investment in Cork-based Berkley was inherited via the UK firm’s acquisition of Capital Step in early 2019.
We are delighted to be included in Lord Lee’s latest article in the Financial Times highlighting Duke as one of his newest investments:
‘Current financial pressures on business are providing an increased flow of opportunities for Duke, enabling the group to selectively make perhaps four new investments a year. I expect both companies to grow over the medium term.’
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