Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. 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: 31.25
Bid: 31.00
Ask: 31.50
Change: -0.25 (-0.79%)
Spread: 0.50 (1.613%)
Open: 31.25
High: 31.25
Low: 31.25
Prev. Close: 31.50
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
20 Apr 2022 21:13

TRADING UPDATES: Tatton assets grow; Intosol needs funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
11 Apr 2022 22:01

TRADING UPDATES: Manolete caution; tinyBuild buys in Russia-Ukraine

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
18 Mar 2022 20:28

TRADING UPDATES: Elixirr buys in US; JPMorgan Russian wary of values

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
18 Mar 2022 14:33

Duke Royalty makes follow-on investment in Canada's Creo-Tech

(Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of CAD 10.3m (£6.2m) into existing royalty partner Creō-Tech Industrial Group on Friday.

Read more
2 Mar 2022 20:28

TRADING UPDATES: MediaZest virus hit; SpaceandPeople Network Rail deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Read more
25 Feb 2022 20:12

TRADING UPDATES: Tintra faces sale delay; Seplat makes acquisition

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
14 Feb 2022 22:19

TRADING UPDATES: BioPharma backs Collegium; Eurasia creates Kola

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Monday and not separately reported by Alliance News:

Read more
1 Feb 2022 21:11

TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

Read more
20 Jan 2022 21:13

TRADING UPDATES: GSTechnologies buys crypto exchange; Altus realigns

TRADING UPDATES: GSTechnologies buys crypto exchange; Altus realigns

Read more
23 Dec 2021 07:49

Duke Royalty continues to convert 'robust pipeline' in Q3

(Sharecast News) - Finance provider Duke Royalty said on Thursday that it had continued to convert its "robust pipeline" in the third quarter, securing two additional partners and completing three follow-on investments into existing partners.

Read more
22 Dec 2021 21:22

TRADING UPDATES: Mercia buys more Intechnica; Anexo scores VW win

TRADING UPDATES: Mercia buys more Intechnica; Anexo scores VW win

Read more
8 Dec 2021 14:54

TRADING UPDATES: Tandem's sales pick up; Duke enters record deal

TRADING UPDATES: Tandem's sales pick up; Duke enters record deal

Read more
3 Dec 2021 14:45

TRADING UPDATES: Duke profit swells; Mila begins exploratory drilling

TRADING UPDATES: Duke profit swells; Mila begins exploratory drilling

Read more
2 Dec 2021 19:23

TRADING UPDATES: Oxford Metrics rebounds; Fulcrum reaffirms guidance

TRADING UPDATES: Oxford Metrics rebounds; Fulcrum reaffirms guidance

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.