Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDuke Capital Share News (DUKE)

Share Price Information for Duke Capital (DUKE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 32.25
Bid: 32.00
Ask: 32.50
Change: -0.25 (-0.77%)
Spread: 0.50 (1.563%)
Open: 32.25
High: 32.25
Low: 32.25
Prev. Close: 32.50
DUKE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Duke Royalty raises stake in Miriad; notes "robust" pipeline

Thu, 23rd Dec 2021 14:24

(Alliance News) - Duke Royalty Ltd on Thursday said it had invested a further GBP5.3 million into its royalty partner MRDB Holdings Ltd Group and said it has maintained a "robust" pipeline through its third quarter.

The Guernsey-based royalty finance provider said, as part of the deal, it will increase its equity interest in MRDB Holdings to 30%. Duke Royalty's total investment in the company now stands at GBP18.3 million.

MRDB Holdings undertakes business as Miriad Products, Duke Royalty explained. Miriad is a recreational vehicle and caravan parts distributor based in Uttoxeter.

Duke Royalty said it had continued to convert its "robust" pipeline in its third quarter by securing two additional royalty partners and completing three follow-on investments into existing royalty partners.

As a result, the company expects that cash revenue for the quarter ending December 31 will total GBP3.9 million. Duke Royalty added that it is "cautiously optimistic" that it will be able to announce a further increase in quarterly cash revenue for the fourth quarter of its 2022 financial year.

Shares in Duke Royalty were up 3.3% at 43.30 pence on Thursday afternoon in London.

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
6 Dec 2019 14:47

Duke Royalty increases dividend again after solid first half

(Sharecast News) - Alternative capital solutions provider Duke Royalty reported a 119% improvement in revenue in its interim results on Friday, to £5.9m.

Read more
6 Dec 2019 10:23

Duke Royalty Earnings Boosted By Extensions To Existing Investments

Duke Royalty Earnings Boosted By Extensions To Existing Investments

Read more
4 Nov 2019 10:42

Duke Royalty pays down balance of new revolving credit facility

(Sharecast News) - Alternative capital provider Duke Royalty announced on Monday that, further to the completion of its recent fundraising, it has paid down the outstanding balance of its new revolving credit facility from £11.65m to nil.

Read more
4 Nov 2019 10:27

Duke Royalty Pays Outstanding Financing Facility Balance

Duke Royalty Pays Outstanding Financing Facility Balance

Read more
1 Nov 2019 18:14

Duke Royalty Invests GBP2 Million More In Lynx For Sundby Trapper Buy

Duke Royalty Invests GBP2 Million More In Lynx For Sundby Trapper Buy

Read more
1 Nov 2019 15:41

Duke Royalty puts another ?2m into Lynx Equity UK

(Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of £2m into its existing royalty partner Lynx Equity UK on Friday.

Read more
30 Oct 2019 17:25

Duke Royalty Raises Additional GBP892,000 Via Share Open Offer

Duke Royalty Raises Additional GBP892,000 Via Share Open Offer

Read more
7 Oct 2019 11:06

Duke Royalty GBP20 Million Fundraising Strategy Progresses

Duke Royalty GBP20 Million Fundraising Strategy Progresses

Read more
4 Oct 2019 17:38

Duke Royalty Raises Up To GBP20 Million To Fund Fresh Investments

Duke Royalty Raises Up To GBP20 Million To Fund Fresh Investments

Read more
19 Sep 2019 18:15

Duke Royalty Ups Interim Dividend By 7% To 0.75 Pence Per Share

(Alliance News) - Duke Royalty Ltd on Thursday declared a 0.75 pence per share interim dividend.The dividend is 0.05p or 7% higher than the previous quarter and has a payment date of record

Read more
10 Sep 2019 13:56

Duke Royalty Inks New GBP30 Million Loan On Improved Terms

(Alliance News) - Duke Royalty Ltd on Tuesday said it has secured a new five-year GBP30 million revolving loan from existing lender Honeycomb Investment Trust PLC on improved terms.The to a

Read more
9 Sep 2019 11:36

Duke Royalty Swings To Maiden Yearly Profit As Income Jumps

(Alliance News) - Duke Royalty Ltd on Monday said it hiked its dividend and swung to annual profit for the first time following a sharp increase in total income.In the year ended March 31,

Read more
29 Aug 2019 11:27

Duke Royalty Invests Further In Pearl & Dean; Restructures Investment

(Alliance News) - Duke Royalty Ltd on Thursday said it has made a follow-on investment in royalty partner Pearl & Dean Cinemas Ltd and restructured the investment by moving the whole agreement

Read more
29 Aug 2019 08:57

Duke Royalty restructures investment in Pearl & Dean Group

(Sharecast News) - Alternative capital solutions provider Duke Royalty announced a follow-on investment of £0.25m and a restructuring of its royalty partner Pearl & Dean Cinemas on Thursday.

Read more
14 Aug 2019 16:29

Duke Royalty To Report "Significant Uplift" In Annual Performance

(Alliance News) - Duke Royalty Ltd said Wednesday it expects its annual results to show a "significant uplift" from the year before.The royalty-focused finance investment firm and

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.