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Pin to quick picksDuke Capital Share News (DUKE)

Share Price Information for Duke Capital (DUKE)

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Share Price: 32.75
Bid: 32.50
Ask: 33.00
Change: 0.25 (0.77%)
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Open: 32.75
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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:

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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."

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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.

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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.

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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.

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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."

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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.

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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.

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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.

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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.

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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."

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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.

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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.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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27 Jun 2023 15:45

UK earnings, trading statements calendar - next 7 days

Wednesday 28 June 
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Thursday 29 June 
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James Latham PLCFull Year Results
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Friday 30 June 
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Angus Energy PLCHalf Year Results
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Ondo InsurTech PLCFull Year Results
PetroNeft Resources PLCFull Year Results
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Monday 3 July 
Porvair PLCHalf Year Results
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Tuesday 4 July 
ActiveOps PLCFull Year Results
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Cairn Homes PLCTrading Statement
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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26 Jun 2023 14:22

IN BRIEF: Duke Royalty invests another GBP1.8 million into Tristone

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Announces a follow-on investment of GBP1.8 million into its existing partner Tristone Healthcare Ltd. Says the fund will facilitate Tristone's latest acquisition of South West Intervention Services Ltd. This increases Duke's total investment in Tristone to GBP19.4 million.

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26 Jun 2023 11:01

Duke Royalty puts another £1.8m into Tristone Healthcare

(Sharecast News) - Alternative capital provider Duke Royalty announced an additional investment of £1.8m into its existing partner Tristone Healthcare on Monday.

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1 Jun 2023 10:29

IN BRIEF: Duke Royalty shares up as quarterly cash revenue rises

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Says recurring cash revenue for the fourth quarter of financial 2023 amounts to GBP5.7 million, up from GBP4.7 million the year before. Total cash revenue is GBP5.8 million, up from GBP5.6 million in the previous quarter. Says in the quarter, Duke Royalty completes a new USD8.8 million royalty investment into Instor Solutions Inc, a California-based product reseller and service provider for work related to the build-out and migration of data centres.

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25 May 2023 12:26

DIRECTOR DEALINGS: Unilever South Asia president sells more shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and Thursday and not separately reported by Alliance News:

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24 May 2023 19:15

IN BRIEF: Duke Royalty nets profit after successful investment exit

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Announces the successful exit of its investment in royalty partner Instor Solutions Inc, a California-based product reseller and service provider for work related to the build-out and migration of data centres. Receives net cash of USD11.2 million at closing, delivering a total gain of USD2.4 million over Duke's initial investment amount, provided to Instor in March 2023. Notes this represents the sixth and most profitable exit for Duke to date. Proceeds from the exit further strengthens Duke's balance sheet, enabling deployment into its pipeline of new investment opportunities, company says.

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7 Mar 2023 17:11

TRADING UPDATES: Caspian Sunrise signs charter contract, eyes further

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

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7 Mar 2023 16:37

Duke Royalty inks financing deal with its 20th partner

(Sharecast News) - Duke Royalty announced an $8.75m royalty financing agreement with Instor Solutions on Tuesday, to support a shareholder buyout intended to transition equity control to the current executive management team, led by the CEO.

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3 Mar 2023 11:54

IN BRIEF: Duke Royalty expects quarterly cash revenue to rise

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Expects to achieve recurring cash revenue of GBP5.7 million for the fourth quarter ending on March 31, up 21% from GBP4.7 million a year before. In the third quarter ended December 31, recurring cash revenue amounts to GBP5.6 million, up from GBP3.9 million a year before.

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21 Feb 2023 16:31

Duke Royalty invests further GBP1.8 million into royalty partner InTec

(Alliance News) - Duke Royalty Ltd on Tuesday announced a follow-on investment of GBP1.8 million into its existing royalty partner InTec Business Solutions Ltd to fund its latest acquisition.

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21 Feb 2023 11:56

Duke Royalty puts another £1.75m into InTec

(Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of £1.75m into existing royalty partner InTec Business Solutions on Tuesday, to fund its latest acquisition.

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16 Jan 2023 12:50

TRADING UPDATES: t42 IoT Tracking Solutions and Zenova win contracts

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

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13 Dec 2022 13:41

Duke Royalty makes £3.2m follow-on investment in Tristone

(Sharecast News) - Alternative capital provider Duke Royalty announced a follow-on investment of £3.2m into its existing royalty partner Tristone Healthcare on Tuesday, to fund its latest acquisition.

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13 Dec 2022 13:00

IN BRIEF: Duke Royalty invests additional GBP3.2 million into Tristone

Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Notes follow-on investment of GBP3.2 million into existing royalty partner Tristone Healthcare Ltd to fund its acquisition of residential and nursing care provider K Bond Healthcare Ltd, which trades as Next Steps. Tristone provides specialist residential and domiciliary care in two end-markets: high acuity adults with severe mental, physical or learning disabilities, and care leavers, aged between 16 and 19, who are transitioning out of social care and into independent living.

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12 Dec 2022 14:31

Duke Royalty upgrades credit facility to GBP100 million until 2028

(Alliance News) - Duke Royalty Ltd on Monday said it entered into a new GBP100 million credit facility agreement with Fairfax Financial Holdings Ltd for a five-year term.

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