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Last notification was 21st Sept so anytime next week I'd expect
Last year ex Div date 22/12/22 payment 12/01/23 0.70p
Aren't we due a dividend declaration today/soon? Says on Dividend Max, they estimate it would have been declared yesterday.
Thank you Nomlungu
The comment by Alliance - total income for the half year that ended September 30 falls 34% to GBP10.4 million from GBP15.8 million a year before.
is explained better by Investors Chronicle IMHO
"Reported pre-tax profit of £3.8mn was almost two-thirds below the prior half year figure, which had been boosted by £5.3mn of positive fair value movements on the group’s portfolio of equity and royalty investments. This time round, Duke took a £3.5mn reversal on its £11.6mn equity investments and a small £0.7mn hit on the £205mn portfolio of royalty and loan investments. It’s not something to be concerned about. Adjust for portfolio movements and adjusted EPS increased by more than a fifth to 1.95p. On the same basis, analysts at Cavendish expect full-year underlying EPS of 3.8p, up from 3.1p in the 2022-23 financial year, which implies the shares are rated on a forward price/earnings (PE) ratio of 8.3."
GLA
Https://txtify.it/https://www.investorschronicle.co.uk/ideas/2023/11/23/secure-a-rock-solid-9-per-cent-yield/
Txtify returns the Google Cache; it has the whole article in text
Are you able to cut and paste? I haven't got a subsription.
The bit I could read didn't make much sense " ... trading on a hefty 12% FCF yield ... ". I would have said that it's trading on a (prospective) current year multiple of ~8x FCF. Is that really hefty? Would they still say it was hefty if they said it was trading on a (prospective) current year multiple of ~8x adjusted earnings?
Https://www.investorschronicle.co.uk/ideas/2023/11/23/secure-a-rock-solid-9-per-cent-yield/
GLA
Maybe I misread it. The round up does now say 34% fall and £15.8m for the comparative period but I'm damned sure it siad 66% and £31m previously! Anyway, it's right now.
They've incorrectly compared the income for H124 with the income for FY23. I've emailed them and told them that they are basically a bunch of amateurs ;-)
I emailed them yesterday; newsroom@alliancenews.com
Thanks. We were referring to total income, rather than cash revenue.
However, we got something else wrong, so we have published a correction just now.
best regards
Is Alliance News ever going to get its facts right?
Having made an error in its original release yesterday, it's further compounded the erro with its correction today!
Management execution is what any successful business relies on and this is looking good, yield well covered and over 8%.
Yes, above expectations with the all important eps and cash growing strongly. Dividend is very well covered so they could increase it or pay a special - Let’s see
A solid set of results
Financial Highlights
· Total cash revenue up 35% from the prior period to £14.1 million (Interim 2023: £10.4 million)
· Recurring cash revenue* totalled £12.2 million, up 17% from Interim 2023 (£10.4 million)
· Free cash flow** up 23% to £7.9 million (Interim 2023: £6.5 million)
· Adjusted earnings up 23% to 1.95 pence per share (Interim 2023: 1.58 pence per share)
· Cash dividends of 1.40 pence per share paid to shareholders (Interim 2023: 1.40 pence per share)
In line with what seems to have been expected; might be due a small uplift today thanks to the ongoing demonstration of resilience in the face of inflation.
Next quarterly dividend 0.7p confirmed in an RNS this morning.
Someone (not me) just bought 175,000 shares at 33.75p for £59K
Duke Royalty recurring cash revenue up 17% in first quarter
Wed, 13th Sep 2023 14:39 Alliance News
Duke Royalty Ltd - Guernsey-based provider of royalty finance to companies in UK and Europe - Recurring cash revenue is GBP6.0 million in the three months to June 30, Duke's financial first quarter, up 17% from GBP5.1 million a year before. Expects recurring cash revenue in the second quarter of financial 2024 of GBP6.2 million. Looking ahead, Duke says it remains confident that the consistent quarterly growth in recurring revenue will continue.
Chief Executive Officer Neil Johnson says: "We are pleased to report another quarter marked by record-breaking cash performance, underpinned by solid growth. This underscores the resilience of Duke's business model, especially in the face of ongoing economic challenges."
Current stock price: 33.20 pence, up 3.8%
'Recurring cash revenue for Q1 FY24 reached a new record of £6.0 million, an increase of 17% over Q1 FY23, and a £300,000 increase on the prior quarter'
But shares in issue increased by 17% [61.4m to 416m] at the last placing in May 2022, so earnings have stayed flat, which is slightly disappointing. Dividend yield is still nearly 9% though.
IC positive update today from Simon.
https://www.investorschronicle.co.uk/ideas/2023/07/04/a-high-yielding-royalty-play/
GLA
40p share price would equal 7% dividend that's about where this should be IMHO
Yes I'm happy to add here
GLA
Generating cash, well covered annual dividend of 2.8p @ 33p that’s a nice 8.5% with a chance of a dividend uplift later per Dukes stated policies to shareholders. All is well and growth continues to go from strength to strength.
4 x 0.7 is 2.8p on a 34p share price is 8.2%
No change in the quarterly div
100k and 250k trades gone through at 33p.
Wonder if they are another director premium buy.
Usual caveats
Trek
With an 8.6% yield, possible divi increase, and a good track record of investments this should be a steal at current SP.
If only they would stick to their knitting and grow organically, as OCI, and not constantly batter the SP back down with raises, year after year.