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: 346,332
  • Market Cap: £129.61m

Duke Royalty puts another £1.9m into New Path

By Josh White

Date: Monday 03 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Alternative capital specialist Duke Royalty announced a follow-on investment of £1.9m into its existing royalty partner New Path Fire and Security on Monday.
The AIM-traded firm said the funds would be used to support New Path's latest acquisition in the fire and security sector.

It described New Path as a well-established buy-build platform that primarily serves SME clients in the fire and security industry, with some exposure to high-end residential clients in London.

The company's operating subsidiaries had built strong reputations in their respective local territories, Duke added.

The key highlight of the investment was the acquisition of BDI Security by New Path, which specialises in providing installation and maintenance services in the areas of CCTV and access control, automatic number plate recognition (ANPR), and barrier access for commercial customers.

By facilitating the acquisition, Duke said its funds would enable New Path to further expand its capabilities and strengthen its market position.

With the latest investment, Duke's total investment in New Path reached £6.9m.

The investment terms remained consistent with Duke's initial investment, which included a starting yield of 13.5% and an annual revenue adjustment factor of plus or minus 6% for royalty payments.

"We are pleased to support New Path as it executes its 'buy-and-build' strategy," said chief executive officer Neil Johnson.

"New Path has sourced and acquired a target that shares both existing revenue streams with the group and adds new capabilities, at an attractive EBITDA multiple.

"New Path's stated acquisition criteria give us confidence about their disciplined approach to growth, and BDI is a good case study."

At 1558 BST, shares in Duke Royalty were up 2.33% at 33p.

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 346,332
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
14:21 806 @ 30.50p
13:58 3,239 @ 30.50p
13:49 500 @ 30.50p
13:38 16,390 @ 30.51p
13:20 5,000 @ 30.51p

DUKE Key Personnel

CEO Neil A Johnson

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