Duke Capital Limited (DUKE)

Sector:

Financials

Index:

FTSE AIM All-Share

33.88p
   
  • Change Today:
      1.38p
  • 52 Week High: 35.00
  • 52 Week Low: 28.70
  • Currency: UK Pounds
  • Shares Issued: 421.49m
  • Volume: 306,660
  • Market Cap: £142.78m

Duke Royalty makes follow-on investment in Canada's Creo-Tech

By Josh White

Date: Friday 18 Mar 2022

LONDON (ShareCast) - (Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of CAD 10.3m (£6.2m) into existing royalty partner Creō-Tech Industrial Group on Friday.
The AIM-traded firm described Creō-Tech as a Canadian holding company that acquires businesses within the engineering, procurement and construction (EPC) sector, in both commercial and industrial settings.

It said Creō-Tech would use the new contribution from Duke to acquire California-based MD Stainless Services, which specialises in the design, engineering, fabrication and installation of sanitary processing systems for the pharmaceutical, biotech, dairy, food and beverage industries.

The financing increased Duke's total investment into Creō-Tech to CAD 18.5m.

MD Stainless Services would be the first Creō-Tech acquisition to be supported by Duke, in line with Creō-Tech's stated buy-and-build strategy.

All other terms of the follow-on contribution remained the same as Duke's previous investment into Creō-Tech, the company confirmed.

"This deal is consistent with our current investment strategy, in that it supports a strong management team that is executing a buy-and-build model through the acquisition of long standing, profitable companies in attractive niche and high margin markets," said chief executive officer Neil Johnson.

"With our investment into Creō-Tech last year we successfully entered into North American markets, and this transaction represents a transformative and important acquisition for Creō-Tech.

"Along with our other North America royalty partner, Atlas Holdings, Creō-Tech demonstrates the global appeal of Duke's capital and the quality of opportunities in that market."

At 1409 GMT, shares in Duke Royalty were up 4.51% at 41.28p.

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DUKE Market Data

Currency UK Pounds
Share Price 33.88p
Change Today 1.38p
% Change 4.23 %
52 Week High 35.00
52 Week Low 28.70
Volume 306,660
Shares Issued 421.49m
Market Cap £142.78m

DUKE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
37.14% below the market average37.14% below the market average37.14% below the market average37.14% below the market average37.14% below the market average
5.17% above the sector average5.17% above the sector average5.17% above the sector average5.17% above the sector average5.17% above the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
17.76% below the sector average17.76% below the sector average17.76% below the sector average17.76% below the sector average17.76% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
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DUKE Dividends

  Latest Previous
  Q4 Q3
Ex-Div 28-Mar-24 28-Dec-23
Paid 12-Apr-24 12-Jan-24
Amount 0.70p 0.70p

Trades for 28-Mar-2024

Time Volume / Share Price
10:43 2,993 @ 33.55p
10:17 10,000 @ 33.55p
10:17 5,000 @ 33.73p
10:05 2,500 @ 33.75p
10:04 62 @ 33.99p

DUKE Key Personnel

CEO Neil A Johnson

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