Duke Royalty Limited (DUKE)

Sector:

Financials

Index:

FTSE AIM All-Share

 32.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 42.50
  • 52 Week Low: 27.75
  • Currency: UK Pounds
  • Shares Issued: 417.53m
  • Volume: 765,812
  • Market Cap: 135.70m

Duke Royalty growth continues in third quarter

By Josh White

Date: Thursday 01 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Alternative capital provider Duke Royalty updated the market on its trading in the third quarter on Thursday, saying it expected to achieve recurring cash revenue of £5.5m for the period.

The AIM-traded firm said that represented a 41% increase on the third quarter of last year, which delivered £3.9m.

It also made for an improvement over the prior, second, quarter, which saw the company deliver record recurring cash revenue of £5.3m.

"We are pleased to report that despite the macroeconomic backdrop, we continue to deliver revenue growth, with the third quarter on course to maintain this upward trend," said chief executive officer Neil Johnson.

"This is supporting the delivery of our quarterly dividend, which represents an annualised yield of over 8% at the current share price."

Johnson said that in the fourth quarter, the company expected to see continued new deployments, as shown by its recent investment into New Path Fire & Security.

"Duke will be opportunistic in taking advantage of the current market where we are seeing other lenders pulling back from making new investments.

"Duke's access to capital and long term, aligned investment horizon is perfectly positioned for the current challenging macro environment."

At 1158 GMT, shares in Duke Royalty were up 3.16% at 35.59p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

DUKE Market Data

Currency UK Pounds
Share Price 32.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 42.50
52 Week Low 27.75
Volume 765,812
Shares Issued 417.53m
Market Cap 135.70m

DUKE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.42% below the market average56.42% below the market average56.42% below the market average56.42% below the market average56.42% below the market average
37.19% below the sector average37.19% below the sector average37.19% below the sector average37.19% below the sector average37.19% below the sector average
Price Trend
39.31% below the market average39.31% below the market average39.31% below the market average39.31% below the market average39.31% below the market average
18.75% below the sector average18.75% below the sector average18.75% below the sector average18.75% below the sector average18.75% below the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
67.57% above the sector average67.57% above the sector average67.57% above the sector average67.57% above the sector average67.57% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
15.52% below the sector average15.52% below the sector average15.52% below the sector average15.52% below the sector average15.52% below the sector average

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

DUKE Dividends

  Latest Previous
  Q4 Q3
Ex-Div 30-Mar-23 22-Dec-22
Paid 12-Apr-23 12-Jan-23
Amount 0.70p 0.70p

Trades for 24-Mar-2023

Time Volume / Share Price
16:35 25,000 @ 32.50p
16:35 25,005 @ 32.50p
16:35 2,005 @ 32.50p
16:35 22,995 @ 32.50p
16:35 5 @ 32.50p

DUKE Key Personnel

CEO Neil A Johnson

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