The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 32.75
Bid: 32.50
Ask: 33.00
Change: 0.25 (0.77%)
Spread: 0.50 (1.538%)
Open: 32.75
High: 32.75
Low: 32.75
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

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

Fri, 18th Mar 2022 20:28

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

----------

JPMorgan Russian Securities PLC - Russia-focused investor - Net asset value per share ends Thursday at 40.3 pence. "Due to the continued closure of the Moscow Exchange (MOEX), the company considers that there has been a material change to the market value of its investments and it is in the best interests of the shareholders to apply an alternative valuation method," it adds. Continues: "While the company has applied a fair value against these investments, there is no certainty that any value will be achievable from them over the short, medium or even long term due to the factors arising following the imposition of additional sanctions against Russia."

----------

Duke Royalty Ltd - Guernsey-based royalty finance provider - Makes follow-on investment of CAD10.3 million, about GBP6.2 million, into its existing royalty partner Creo-Tech Industrial Group Inc. Creo-Tech is a Canadian holding company that acquires businesses within the engineering, procurement and construction sector in both commercial and industrial settings.

----------

Impact Healthcare REIT PLC - London-based real estate investment trust focused on healthcare properties - Invests in two care homes which were owned and operated by Woodleigh Care whose owners are retiring from the care home business. "Both homes will be operated by an existing group tenant, Welford Healthcare, and are in Mansfield, Nottinghamshire, offering 107 high quality predominantly en-suite beds, located within established residential areas," company says. Will pay GBP11.1 million for the investment, made initially by way of a loan to Welford Healthcare, which will allow it to complete the acquisition of Woodleigh Care immediately. Company adds: "The structure creates several benefits for all stakeholders, including enabling Welford Healthcare to take immediate operational control of the homes, thereby avoiding a potentially lengthy transition period while regulatory approvals are sought to register the operation of the homes in new legal entities, as well as other financial and operational efficiencies." Initial rent under the new leases is set at GBP713,750, reflecting a gross initial yield of 6.4%. Based on the homes' current trading performance, rent cover is expected to be greater than 2.0 times.

----------

Elixirr International PLC - London-based management consultancy - Acquires entire issued share capital of technology and data firm iOLAP Inc for a maximum total consideration of USD40.0 million. "The acquisition brings specialist data and analytics capabilities, including artificial intelligence and machine learning, into Elixirr where there is existing demand for these services. This will enable Elixirr to form even stronger and longer-term relationships with its existing clients as they work together on their toughest business challenges," company says. Deal consists of initial cash consideration of USD25.2 million, plus earn out payments of up to USD14.8 million. Also updates its annual outlook due to acquisition. Now guides for financial 2022 revenue in the range of GBP70 million to GBP75 million, up sharply from GBP30.3 million a year prior.

----------

CentralNic Group PLC - London-based online marketing services - Raises gross proceeds of GBP3.0 million from open offer. Issues 795,925 shares in open offer, and will now have 288.7 million shares in issue. Chief Executive Ben Crawford says: "We are grateful for the outstanding support from our institutional and retail shareholders during these challenging times. We are convinced that the proven resilience of CentralNic's businesses, built on recurring revenue models and supported by strong long term fundamental trends, will continue to drive increased shareholder value moving forward."

----------

Airea PLC - West Yorkshire-based floor coverings manufacturer - Says Chief Executive Neil Rylance will be taking a leave of absence with immediate effect due to ill health. Group Finance Director Ryan Thomas will assume the CEO role while Rylance steps aside.

----------

Genedrive PLC - Manchester-based molecular diagnostics company - Sees first six installations of the its MT-RNR1 Antibiotic Induced Hearing Loss system deployed to Manchester University NHS Foundation Trust, with four installations for Saint Mary's Hospital and two at Wythenshawe Hospital. The MT-RNR1 system screens infants in an urgent care setting for a genetic mutation that will cause lifelong hearing loss.

----------

MP Evans Group PLC - producer of palm oil in Indonesia - Notes Indonesian government increases its palm-oil export levy following the recent record-high prices. Export levy now USD200 per tonne. "The Indonesian government had recently introduced a domestic market obligation to subsidise local palm-oil supplies, but this is being withdrawn and replaced with the revised levy," company says. Also says it continues to receive strong pricing for its crude palm oil. Sees USD1,080 per tonne achieved for a tender on Friday, similar to pricing achieved just before the levy's introduction and significantly higher than the 2021 average of USD810 per tonne.

----------

MetalNRG PLC - London-based investor in natural resources and energy - Defendants in civil proceedings in English High Court requests further extension for the filing of defences. "MNRG remains focused on receipt of the defences in this case and has accordingly consented to the Defendants making the application for a further extension," company explains. Extension agreed to March 22. In January, company said it served civil legal proceedings in the English High Court against defendants - Brit ENERGY Holdings LLP, Pierpaolo Rocco and BritNRG Ltd - for a declaration and the recovery of monies paid to the LLP in 2021.

----------

W Resources PLC - London-based tin and gold mining company with projects focused in Spain and Portugal - Production at the La Parrilla mine in Spain has now restarted after maintenance shutdown on February 15. There was no production in February other than small quantities of work in progress that were reprocessed during early February. Company says: "The initial maintenance shutdown was scheduled for two weeks, and in that period further improvements were identified, delaying the restart in addition to the company evaluating options regarding the liquefied natural gas supply, following the 425% price increase announced last month."

----------

Lekoil Ltd - London-based oil and gas exploration and production company with projects focused in Nigeria and West Africa - Notes Lekoil Nigeria has suspended its decision to buy shares in Lekoil Ltd. The decision was made after Grand Court of the Cayman Islands to discharge the injunction it had previously granted against Lekoil Ltd following an application brought by Lekoil Nigeria's CEO Olalekan Akinyanmi. On December 15, Lekoil Nigeria - in which Lekoil Ltd holds a 40% interest - proposed to acquire all shares in Lekoil Ltd for 1.9 pence per share, a 100% premium to the company's trading price before its suspension on October 1.

----------

Bushveld Minerals Ltd - vanadium producer in South Africa - Agrees to a further extension with London-listed Mustang Energy PLC for the notice date to exercise the backstop on the USD8.0 million convertible loan notes owed. Date is now next Wednesday. Mustang will now have until then to extend the maturity date of the convertible loan notes.

----------

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
29 Dec 2023 12:45

London close: Stocks mixed after short New Year session

(Sharecast News) - London markets had a mixed performance in a shortened pre-holiday trading session on Friday.

Read more
29 Dec 2023 11:39

IN BRIEF: Duke Royalty expects higher quarterly recurring cash revenue

Duke Royalty Ltd - Guernsey-based provider of royalty finance to companies in UK and Europe - Expects recurring cash revenue of GBP6.3 million in its third quarter for the year ending March 31, which would be a 12% increase from GBP5.6 million a year before. It would also be a notch up from GBP6.2 million in its second quarter. "We are pleased to report that despite the ongoing macroeconomic uncertainties, we continue to deliver revenue growth, with [the third quarter of financial 2024] on course to maintain this upward trend, underpinning our stable dividend which at the current share price, represents an approximate 9% yield," says Chief Executive Officer Neil Johnson.

Read more
29 Dec 2023 10:03

Duke Royalty posts strong quarter, makes follow-on investment

(Sharecast News) - Duke Royalty reported a strong set of third-quarter results on Friday, as well as a follow-on investment in its existing royalty partner, Creō-Tech Industrial Group.

Read more
29 Dec 2023 07:59

London open: Gains modest but stocks rise to seven-month high

(Sharecast News) - UK stocks edged higher to a seven-month high on Friday morning, though gains were likely to be limited in a shortened trading session ahead of the New Year's break.

Read more
29 Dec 2023 07:47

LONDON BRIEFING: FTSE 100 to edge higher, rounding off lacklustre year

(Alliance News) - Stocks in London are expected to edge higher on Friday, as investors reflect on an eventful year and look ahead to what's in store for 2024.

Read more
29 Dec 2023 07:35

London pre-open: Small gains expected in shortened trading session

(Sharecast News) - London stocks were expected to rise slightly on Friday morning, though movements continue to be limited as volumes remain low in festive trading.

Read more
23 Nov 2023 08:48

CORRECT: Duke Royalty half-year total income falls 34%; payout steady

(Correcting total income figures.)

Read more
22 Nov 2023 14:15

EARNINGS AND TRADING: Victorian Plumbing profit up; Duke revenue dips

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

Read more
13 Sep 2023 14:39

IN BRIEF: Duke Royalty recurring cash revenue up 17% in first quarter

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.

Read more
13 Sep 2023 13:31

Duke Royalty reports strong start to new financial year

(Sharecast News) - Alternative capital specialist Duke Royalty reported a new record of £6m in recurring cash revenue for the first quarter on Wednesday, making for an increase of 17% over the first three months of the prior year, and a £0.3m increase on the previous quarter.

Read more
31 Jul 2023 17:31

TRADING UPDATES: MGC Pharmaceuticals granted psilocybin import permit

(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
20 Jul 2023 20:06

TRADING UPDATES: Chapel Down sales pop; Serabi output rises

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

Read more
4 Jul 2023 13:50

IN BRIEF: Duke Royalty annual total income rises but profit falls

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Posts total income of GBP31.0 million for year ended on March 31, up from GBP28.8 million the year before. Pretax profit is down to GBP19.6 million from GBP20.4 million, as total operating costs rise to GBP4.3 million from GBP3.6 million the year before. Finance costs balloon to GBP5.6 million from GBP2.0 million. Recurring cash revenue increases by 46% to GBP21.9 million from GBP14.9 million. Looking ahead, expects to see higher deployment rate in financial 2024 than in financial 2023. Adds that it remains cautiously optimistic about the future.

Read more
3 Jul 2023 17:31

TRADING UPDATES: Mycelx wins deal; 88 Energy buys in Texas

(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
3 Jul 2023 16:28

Duke Royalty puts another £1.9m into New Path

(Sharecast News) - Alternative capital specialist Duke Royalty announced a follow-on investment of £1.9m into its existing royalty partner New Path Fire and Security on Monday.

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.