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Hi nomlungu not a massive fan of placings but this share seems to push through them ok .... nothing would surprise me and last week you could have picked these up for 33.5 p per share. Hopefully we will see upward movement with the increased yield and 45p at some point..
Optimus,
6% seems a fair dividend yield, so getting back over the 200 mda [41.7p] seems likely to me, as I would have a target of 45p if I did not expect a large placing in the next few months. Whilst I am in no rush to buy more, a discounted placing will get me to loosen the clamp on my wallet.
Who knows where the market will go with the Ukrainian war...
Looks like we were both typing at the same time nonlungu if it can break through the 200 ma we should see some upwards movement
Duke Royalty has Increased Interim Dividend to 0.70 Pence per share, An Increase of 0.10 Pence
Quarterly dividend up to 0.7p, representing a yield of nearly 7% on current prices, so it is not surprising to see an improvement in share price.
<<<<<<<<>>>>>>>>>>
The RNS states:
"The deal pipeline remains robust, and I look forward to updating the market with news of further deployments in due course."
From memory, they will have deployed most available financing, so another fund raise is likely. The last raise was at 35p which is now yielding 8% so taking part through Primary Bid if offered again would be tempting if / when there is another placing.
This is reacting to the calamity worse than I expected... as much as I am tempted the bargains may just get bigger.
Toadhall1,
The past presentations on Investor Meet are worth having access to if you do not; even if only to look at the slides / pdf they prepare for Investors. Access is free once registered and the platform is being used by more and more companies.
https://www.investormeetcompany.com/investor/dashboard
That's helpful thanks. So they have some buffer to play with, accumulate royalty receipts in the meantime. I'll try and do a detailed cashflow forecast.
The presentation material from the last Investor Meet presentation on the 13th of December state that there was £35m in available liquidity. Since then £18m in new or follow on investments have been made so there is still £17m available to be deployed.
If / when they do another equity event I would be likely to stump up a few more quid and participate. It is not impossible that a Royalty Partner will want to buy their way out so a significant chunk of money could be returned to DUKE when shareholders are not expecting.
Agree with you Toashall1, but we were over 50p pre-Covid. I topped up at 50.75p (as well as 20p and many prices inbetween) and the dividend hasn't returned to the level it was at (0.75p). The more fundraisers they do around 35p, the less chance of getting back to previous levels.
I like boring. Slow and steady getting on with the job and paying a dividend what’s not to like. A slow upward share price but feel sure that will come.
I'm waiting for entry, so watching. Haven't heard any rumours, but i'm familiar with their business model. Surely given the number of deals signed recently, this has been funded by borrowing. So in order to make new investments, equity needs to be raised to reset the debt, raise some cash and off they go again to make new investments. This provides the operational leverage to increase divs faster.
If we are correct I can see it being at 35p again. I am a big fan of the company, and it is one of my largest holdings, but I would like to see it above 50p before they start raising again Again, IF correct, they need to stop the information leak.
I have a feeling you may be right. Forward selling taking place?
I'm starting to think there will be a fundraising soon. Price shouldn't be this low.
Very small spread and my 20k purchase showing as a sell. suspect the same with others as well
I hear managements cautious optimism - currently 2.4p; a slight increase to 2.5p with scope to increase to 2.6p within 12 months is realistic. A dividend yield of over 5% and management made a pointed out that their model is robust under inflation in the last presentation.
A 'Boring Company...' yes; but then again Musk has a company of the same name
:) It's also my kind of boring, no jazz just solid performance and strong team. This has been one of the good tip that I've followed from ST
Hardly a boring company.. a solid 5%+ annual dividend yield on the cards plus what should be a 15-20% appreciation from the current SP. Whats boring about that, or am i just getting old..?
Fantastic opportunity to buy at this price. Unfortunately I have way too many as it is, but certainly not selling. Be glad to get back over 50p which was the highest price I paid ... but also topped up at just over 20p along the way, so has been a real roller-coaster.
Nice divi increase as eluded to during the presentation. Love this boring company. Maybe we'll be at 0.7 per quarter by q3 2022...
Yep. Great presentation and looks like another hike for next divi is coming (if I read between the line correctly)
During the presentation they stresses the leverage in costs they have... Cash revenue up 78% [despite not having fully deployed the new capitol] whilst operational costs went up 6%.
It is impressive.
In regards to fool's dividend insight, according to Duke's policy we should be getting a big rise in divi soon as their dividend policy state between 7-8 percent so new investor will get growth and divi. What's not to like
" Dividend Policy
Following Shareholders' approval of the new Investing Policy in June 2015, Duke's focus has been on bringing royalty investing to the European market with the objective of generating predictable and stable cash flows from royalty agreements with a view of paying an attractive, growing and sustainable cash dividend yield for Shareholders.
Although the Company has never paid a dividend, it is the Directors' intention to start paying dividends in the financial year ending 31 March 2018 and that the Company will, in normal circumstances, pay out approximately 80 - 100 per cent. of its free cash flow to its shareholder in the form of dividends. With the proceeds of the Fundraising, the Company is targeting an annualised dividend yield of between 7 and 8 per cent. once fully invested with a minimum targeted dividend yield of at least 5 per cent in the financial year to 31 March 2018*. It is intended that, any dividend paid by the Company will be paid on a quarterly basis on or around, the end of each calendar quarter.
* This is a target only and not a profit forecast. There can be no assurance that the target can or will be met in this timescale or at all and should not be taken as an indication of the Company's expected or actual future results. Accordingly, potential investors should not place any reliance on this target in deciding whether or not to invest in the Company or assume that the Company will make any distributions at all and should decide for themselves whether or not the target dividend yield is reasonable or achievable"
https://www.fool.co.uk/2021/12/06/this-aim-listed-penny-stock-could-be-a-great-buy-for-me-in-2022/