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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
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TRADING UPDATES: t42 IoT Tracking Solutions and Zenova win contracts

Mon, 16th Jan 2023 12:50

(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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Duke Royalty Ltd - Europe and North America-focused alternative capital solutions provider - Closes new credit facility with Fairfax Financial Holdings Ltd, earlier than the original expectation of mid/late January. Says the credit facility is for up to GBP100 million, replacing its existing GBP55 million term and revolving facilities. It has a five-year term, expiring in January 2028, and an interest rate equal to Sterling Overnight Index Average plus 5.00% per year. As part of the deal, Duke will issue 41.6 million warrants to Fairfax with a five-year maturity and strike price of 45 pence, reflecting the "strategic nature of the deal."

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Zenova Group PLC - Essex-based fire safety and thermal insulation products provider - Receives an initial order via its sub-distributor in the US, Omnis LLC, from Big Battery LLC for immediate delivery. Says Big Battery is a lithium battery supplier, based in US-California. It has purchased 500 units of FX500 following a trial in which the mini extinguisher successfully extinguished a lithium battery fire. Expects the initial order to lead to further "more substantial" orders in the near future. "Following the production in the USA, it is very encouraging that a customer engaged in lithium battery supply has chosen the FX500 as the solution to lithium battery fires which have proved intractable to extinguish. This follows a successful trial in which the FX500 extinguished a lithium battery fire in the presence of Big Battery personnel," comments Chief Executive Tony Crawley.

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Mosman Oil & Gas Ltd - oil exploration, development, and production company with projects in the US and Australia - Says the pipeline connecting the recently drilled Cinnabar-1 well to the existing production facility in Texas has been completed. Mosman owns a 75% working interest in the well, as well as the 350-acre lease on the site. Mosman's subsidiary Mosman Operating LLC operates the site. The well has been producing since the end of December, with average oil production of 128 barrels of oil per day. Chair John Barr says: "I am pleased to report solid progress at Cinnabar. The work to increase overall production is progressing well and in the near term there is also potential upside from workovers of the two older production wells, which is why gas lifting at G-1 has been prioritised."

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AQRU PLC - London-based decentralised finance incubator - Identifies further opportunities to improve efficiency, following operational review announced November. Says its wholly owned subsidiary, Accru Finance Ltd, is raising the threshold for minimum account deposits on its AQRU app to USD250,000 from February 1. Says this will enable the company to focus on servicing customers that are less sensitive to market volatility than retail investors, particularly high net worth individuals and institutional investors. Expects there will be a significant reduction in the value of assets held on the AQRU app, but a minor reduction in revenue. Says it has identified an additional opportunity to further lower headcount and operational costs and strengthen its balance sheet by discontinuing Accru Finance's index strategies for cryptocurrencies. This will also take effect on or about February 1.

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t42 IoT Tracking Solutions PLC - Jersey-based real-time tracking, security, and monitoring solutions provider - Enters agreement with a new Israel-based customer for the sale of its Lokies tracking units. The agreement is for a two-year term. Adds an initial purchase order has been received from the customer for 1,500 Lokies units. Customer also is granted end-client supply exclusivity rights, subject to the customer achieving specified quarterly sales over a 2-year period, for 5,000 Lokies, including the units ordered to date. "Lokies is a unique smart keyless padlock with innovative IoT capabilities, incorporating advanced GPS and cellular technology together with new Bluetooth Low Energy connectivity and user management abilities. Lokies enables customers to identify and manage different users based on their access authorizations, making the cargo much more visible and secure," the company says.

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Spectral MD Holdings Ltd - London and Dallas, Texas-based predictive analytics for wound care - Says earnings before interest, tax, depreciation and amortisation losses and cash position for 2022 are expected to be materially ahead of current market expectations. Explains this has been primarily driven by lower costs per subject associated with the Diabetic Foot Ulcer clinical study. Notes that revenue from US Biomedical Advanced Research and Development Authority funding contract for the Burn indication, is also expected to be materially above market expectations.

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Gunsynd PLC - London-based investment firm - Invests GBP150,000 into Strategic Minerals Europe Ltd, the parent company of Aberdeen Minerals Ltd, as part of a GBP1.1 million private funding round. Says it subscribed to 2.0 million shares at 7.5 pence per share. Aberdeen Minerals is a UK company exploring for Nickel-Copper-Cobalt deposits in north east Scotland. Says it will use the funds for diamond drilling programme at the flagship Arthrath project, downhole geophysics and development of its land portfolio. Gunsynd will hold around 2.8% of the issued share capital of Aberdeen Minerals following this capital raising.

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ThomasLloyd Energy Impact Trust PLC - London-based renewable energy investment trust - Completes the acquisition of the remaining 57% economic interest in SolarArise India Projects Private Ltd, to take its total ownership to 100%. It bought a 43% stake in SolarArise in March. SolarArise owns seven solar power projects in India with a total capacity of 434 megawatts. ThomasLloyd funds USD38.5 million acquisition from existing cash resources.

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Avingtrans PLC - provides components and systems for the energy, medical and industrial sectors - Says trading in the six months to November 30 was in line with market expectations. Plans to publish its results for the period on February 22. Says that its business unit, Ormandy Group, which designs, manufactures and services off-site plant, heat exchangers and other heating, ventilation and air conditioning products, has bought the business and assets of Hevac Ltd and HeatExchangeSpares.com. Hevac is a heating ventilation and air conditioning solutions provider based in Elland, Yorkshire and the business and HeatExchangeSpares.com is a plates and gaskets supplier, based in Watford, UK. Expects to pay GBP825,0000 from its existing cash resources. "These businesses strengthen Ormandy's offering as a leading provider of offsite and heat exchange solutions to commercial and industrial customers in the UK and internationally. The Acquisitions will also enable us to take greater control over our supply chain and release untapped potential in the market, to further strengthen our position," says Chief Executive Steve McQuillan.

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By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Jun 2023 15:45

UK earnings, trading statements calendar - next 7 days

Wednesday 28 June 
abrdn Private Equity Opportunities Trust PLCHalf Year Results
Harmony Energy Income Trust PLCHalf Year Results
SDCL Energy Efficiency Income Trust PLCFull Year Results
Schroder European Real Estate Investment Trust PLCHalf Year Results
Time Finance PLCTrading Statement
Thursday 29 June 
B&M European Value Retail SATrading Statement
Baltic Classifieds Group PLCFull Year Results
De La Rue PLCFull Year Results
Hunting PLCTrading Statement
James Latham PLCFull Year Results
Likewise Group PLCTrading Statement
Marlowe PLCFull Year Results
Moonpig Group PLCFull Year Results
R&Q Insurance Holdings LtdFull Year Results
Serco Group PLCTrading Statement
Friday 30 June 
Adnams PLCTrading Statement
Angus Energy PLCHalf Year Results
Glantus Holdings PLCFull Year Results
Ondo InsurTech PLCFull Year Results
PetroNeft Resources PLCFull Year Results
Record PLCTrading Statement
Monday 3 July 
Porvair PLCHalf Year Results
Wynnstay Group PLCHalf Year Results
Tuesday 4 July 
ActiveOps PLCFull Year Results
Augmentum Fintech PLCFull Year Results
Cairn Homes PLCTrading Statement
Duke Royalty LtdFull Year Results
Foresight Group Holdings LtdFull Year Results
J Sainsbury PLCTrading Statement
Kitwave Group PLCHalf Year Results
Mercia Asset Management PLCFull Year Results
Solid State PLCFull Year Results
  
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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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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