Duke Capital Limited (DUKE)

Sector:

Financials

Index:

FTSE AIM All-Share

33.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 35.00
  • 52 Week Low: 28.70
  • Currency: UK Pounds
  • Shares Issued: 421.49m
  • Volume: 438,594
  • Market Cap: £141.20m

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 33.50p
Change Today 1.00p
% Change 3.08 %
52 Week High 35.00
52 Week Low 28.70
Volume 438,594
Shares Issued 421.49m
Market Cap £141.20m

DUKE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
36.8% below the market average36.8% below the market average36.8% below the market average36.8% below the market average36.8% below the market average
10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average10.34% above the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_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 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
16:22 1 @ 33.03p
15:47 6,000 @ 33.83p
15:15 3,500 @ 33.68p
15:06 3 @ 34.00p
14:58 5,903 @ 33.18p

DUKE Key Personnel

CEO Neil A Johnson

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