Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The company is sitting on a pile of uninvested cash, so it is not making a return on that portion of companies assets.
I agree, but maybe give some time for the money to start coming in ? I only invest for dividends, but I would also like this company to grow. I am currently getting a 6 percent yield, which is what I aim for as an average for my quarterly dividend companies. Hopefully next dividend, but I think more likely the final dividend for an increase. Despite me being overweight here, I did add some more recently.
I thought we might have gotten a divi increase this time round with such positive results. Anyone has any thoughts on it?
I can really see Duke being the backbone of my ISA in future years. I was a long way down after Covid hit, but those enforced Scrip dividends really helped, especially as I topped up after each one. Only regret is that I stopped adding at my self imposed limit.
This share for over a year. When it was in twenty's i convinced myself it would be back in the forty's within a yeat. But guess what i didn't invest then...... still think if you watch interviews the system they use to invest seems to work. Bought so e yesterday and will add on dips. GL
SP benefitting from the IC article which has now been published in today's paper version. Expect rise today and Monday on the back of the article.
GLA
Talking upgrades. Target price 50p, 5%+, yield
After market closed Simon has published a bullish article on Duke which bodes well for tomorrow & beyond.
GLA
The IRR of 29.4% is a stonking return; nearly as high as a credit card for someone with no credit.
Respect to the team that did the due diligence on this deal.
DUKE doing it again (with Creo-Tech Ind Group)
· Initial cash yield of 13.2% per annum via monthly payments, which commence immediately
Marvellous.
Hard to judge this one, as there are no details of the existing companies in the Creo-Tech group on their website, so the assets that might make up part of Duke's security on the loans are not easily judged. However, diversification of assets / income streams is always good; hedging against over reliance on the £ helps, and Duke's management have shown good judgement in the past.
The assets being purchased with the help of Duke's money are:
https://www.silhouetteenclosures.com/
http://www.axialcompanies.com/
https://creotechgroup.com/
I assume there may be a long term intention to float Creo-Tech as Duke has taken an 18.75% equity stake [but my Father always said never assume as it makes an ass out of you and me, so take that assumption with a shovel of salt].
Another deal; more diversification within the UK market. Is there a higher yielding share with similar assets listed in the UK?
https://intecbusiness.co.uk/
https://cube.investments/cube-podcast-1-interview-with-duke-royalty-duke/
useful explanation of company model
Thanks for sharing. Pretty pleased with DUKE, I got my average down to 36p thanks to the enforced script dividends and topping up, daren't buy anymore now though. Hopefully many years of great dividends to come.
New update after market closed today with a new target price of 50p
https://www.investorschronicle.co.uk/ideas/2021/07/05/bargain-shares-exploiting-information-voids/
GLA
So.
10mEuro invested in a secured finance agreement over 30 years with monthly payments starting this month.
Marvellous.
There is no wonder due diligence too so long looking at the company. A complicated set up, but Duke will have done a thorough job.
Diversification is always good - the market should not disapprove, even though the response may be muted.
Still on reduced dividend compared to pre-covid, but even that is almost 6 percent yield at today's share price. If we get back to pre-covid dividends that will be 8% yield.
Must be some announcements due soon regarding new royalty partners. Very happy that I continued to top up.
"Duke Royalty's royalty investments are intended to provide robust, stable, long term returns to its shareholders."
Due diligence takes time (especially with Covid about). I, for one, hope they take as much time as is required to ensure new investments give long term returns to shareholders.
31 March - placing "...to fund investments into two new Royalty Partners we have identified currently in due diligence process"
10 May - "This fundraise gives Duke over £70 million of available liquidity to deploy into its expanding pipeline and to take advantage of the increasing opportunities available in the alternative financing market"
I had been expecting news about the potential 'new Royalty Partners' - are those potential investments no longer going ahead? Sitting on a large pile of cash after raising £35m (which added 40% more shares) just dilutes earnings. Hopefully they will find somewhere profitable to invest the funds soon.
I did say some time ago that this is like a REIT -it pays out most of it's earnings in dividends which is great - but the downside is that it has to raise money to expand = share issues - usually at a discount to get them away!
It's done it several times before already, so although the covid crisis created it's own mayhem to the asset and share price - going ahead it tends to perform in this way (I had the same reaction when buying SUPR, buying shares for them to fall about 3 days later on news of a similar type share issue!) - you just have to look longer term and enjoy the dividends...
The proposed admission date for any shares purchased via primary bid is 19 April 2021.
To be honest, I supported Duke from the start, gradually investing up the maximum I usually allow myself. Then the crash happened and I carried on buying to get my average down to 36p. Earlier today I was congratulating myself on a job well done when it 40p. Now all the Primary Bid short term traders will be in and dragging the price down to 35p. I could buy some more of course, but PB can't transfer them into an ISA, and Duke is already my biggest holding. Should have sold some earlier since the next dividend isn't till June.
Absolute kick in the teeth.