Duke Capital Limited (DUKE)

Sector:

Financials

Index:

FTSE AIM All-Share

 30.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 35.00
  • 52 Week Low: 28.70
  • Currency: UK Pounds
  • Shares Issued: 421.49m
  • Volume: 325,397
  • Market Cap: £129.61m

Duke Royalty puts another £1.8m into Tristone Healthcare

By Josh White

Date: Monday 26 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Alternative capital provider Duke Royalty announced an additional investment of £1.8m into its existing partner Tristone Healthcare on Monday.
The AIM-traded firm said the funding would support Tristone's latest acquisition, and further enhance its position in the market.

It said Tristone specialises in delivering residential, nursing, and domiciliary care and support services in two specific segments.

The first segment was focussed on providing high acuity care for adults with severe mental, physical, or learning disabilities, while the second caters to children and young individuals who require specialised care, support, and education.

Duke said its investment would enable Tristone to acquire South West Intervention Services (SWIS) - a provider of customised learning packages to young people at risk of exclusion from mainstream education.

Based in Buckfastleigh, near Plymouth, SWIS would serve as a valuable addition to Tristone's portfolio of services.

The new investment from Duke Royalty raised its total investment in Tristone to £19.4m.

Duke said the terms remained consistent with its previous follow-on investment in Tristone, including a starting yield of 13.5% and an annual revenue adjustment factor of plus-or-minus 6% concerning royalty payments.

"I'm excited to see Tristone further strengthen its position in the social care sector via the acquisition of SWIS," said Duke chief executive officer Neil Johnson.

"Given the outstanding level of care that they provide, SWIS is a natural fit for Tristone, and will also add new specialisms to Tristone's expanding portfolio."

At 1011 BST, shares in Duke Royalty were flat at 31.8p.

Reporting by Josh White for Sharecast.com.

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DUKE Market Data

Currency UK Pounds
Share Price 30.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 35.00
52 Week Low 28.70
Volume 325,397
Shares Issued 421.49m
Market Cap £129.61m

DUKE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
38.78% below the market average38.78% below the market average38.78% below the market average38.78% below the market average38.78% below the market average
19.66% above the sector average19.66% above the sector average19.66% above the sector average19.66% above the sector average19.66% above the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
32.08% below the sector average32.08% below the sector average32.08% below the sector average32.08% below the sector average32.08% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
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
  Q3 Q2
Ex-Div 28-Dec-23 28-Sep-23
Paid 12-Jan-24 12-Oct-23
Amount 0.70p 0.70p

Trades for 27-Feb-2024

Time Volume / Share Price
13:20 5,000 @ 30.51p
13:19 642 @ 30.50p
13:10 50,000 @ 30.50p
13:07 4,904 @ 30.50p
12:51 101 @ 30.50p

DUKE Key Personnel

CEO Neil A Johnson

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