Alternative capital provider Duke Royalty updated the market on its trading and operations on Thursday, reporting cash revenue for the third quarter of £4.2m, representing a record quarter of cash revenue generation for Duke. The AIM-traded firm said that, within that £4.2m, £1.7m related to the receipt of the redemption premium generated from the exit of Welltel in December.

The idea behind our annual Bargain Shares Portfolio is simple. It’s to invest in companies where the true worth of the assets is not reflected in the share price, usually for some temporary reason, but where we can reasonably expect that it will be in due course.

Guernsey-based Duke Royalty has exited its investment in Irish telecoms and IT services firm Welltel, generating a 27pc return. Meanwhile, UK private equity firm Livingbridge said it has invested in Welltel, which has about 3,500 clients including Permanent TSB, Zurich, Specsavers and Northern Ireland Water. Livingbridge said it intends to support Welltel in further acquisition activity.

UK stocks bounced on Tuesday after Monday’s sharp losses in reaction to stricter lockdown measures amid rising virus cases related to a new, potential more easily transmitted strain.

Shares in alternative financing business Duke Royalty (DUKE:AIM) gained 2.6% to 30.78p after reporting a resilient first-half and re-instating a third-quarter dividend of 0.5p per share. Royalty finance is a £50 billion industry in North America but it remains relatively new in the UK. This possibly gives Duke an advantage as the only UK-quoted royalty company.

A housebuilder to play the seasonal sector rally, a crude palm oil producer benefiting from the sharp rally in CPO prices, a tech company that has just sold off a major holding for a massive premium and more.

Duke Royalty (DUKE:23p), an Aim-traded company that makes its money by providing capital to companies in exchange for rights to a small percentage of their future revenues over a typical term of 25-40 years, has issued results for the 12 months to 31 March 2020. They reveal the short-term financial hit from the Covid-19 pandemic on the portfolio, and the opportunity, too.

There aren’t many people who are relishing the challenges presented by the global coronavirus pandemic; however, Neil Johnson, chief executive of Duke Royalty Ltd, has a point to prove.

Duke Royalty plans paper dividend – Duke Royalty has been reviewing the situation with its business in light of COVID-19. It says “Through its diversified portfolio, Duke naturally has exposure to a range of sectors, some of which are impacted to a greater extent by Covid than others, such as hospitality & leisure. In certain situations where Covid-19 has had the greatest impact, Duke has elected to either accrue, capitalise or equitise its monthly cash payments in the short term with the intention of alleviating the negative cashflow impacts for its royalty partners during this time of unprecedented financial stress.”

Duke Royalty, an Aim-traded company that makes its money by providing capital to companies in exchange for rights to a small percentage of their future revenues over a typical term of 25-40 years, is being priced a hefty 38 per cent below proforma book value of £90.3m (37.7p a share) after factoring in last October’s £17.45m equity raise, at 44p a share. It’s a value opportunity worth exploiting.

Duke’s high yield worth locking in.

Duke Royalty Ltd said Monday it completed three follow-on investments in December.

There is also quarterly-dividend paying Duke Royalty which lends money to private companies on a long-term basis, typically between 25 and 40 years, in exchange for part of their revenue.

In line with its strategy of paying a high and stable dividend, and reflecting the firm’s rapid growth this year, the quarterly payout increased to 0.75p per share for September. This keeps Duke in the top 5% of dividend yielding companies listed on AIM.

Duke Royalty Ltd said Friday its revenue more than doubled during the first half, boosted by investments in royal partners. The royalty financing company said for six months ended September 30, its revenue jumped to GBP5.9 million from GBP2.7 million in comparable period a year ago.

Duke Royalty said profit more than trebled in the first half of the year on a surge in revenue as investments in royal partners boosted growth. For the six months ended 30 September 2019, pre-tax profit rose to £3.7m from £1.1m on-year as total income surged 119% to £5.9m and operational cash flow jumped 195% to £3.9m.

Duke Royalty (DUKE) provides capital to profitable businesses in exchange for rights to a small percentage of their future revenues. This model has worked very well in Canada, but people in the UK are less familiar with it.

Duke Royalty, an Aim-traded company that makes its money by providing capital to companies in exchange for rights to a small percentage of their future revenues over a typical term of 25-40 years, has raised £17.4m at 44p a share through a placing, retail offer and small open offer. The new equity equates to 16 per cent of Duke’s enlarged share capital.

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.

Duke Royalty Ltd on Monday said it has paid down the entire outstanding balance of a revolving credit facility following a fundraising. The royalty financing firm said it has paid the remaining GBP11.7 million, which it added was a key commitment of its recent fundraising strategy.

Good news from Duke, as it (temporarily) pays down its £12 million credit facility

Duke Royalty, which provides royalty finance to companies in the UK and Europe, told Yahoo Finance UK it has secured £16.1m ($19.52m) from new and existing institutional investors and is aiming to raise another £3.9m when it opens a retail offer later today.

Duke has just announced a fund-raising of up to £20m, of which £16.1m has already been placed in an institutional offering at 44p per share. This will allow it to invest another £45m in the next 12 months. We estimate a sustainable ROE of 14% for Duke and we see the current fair value range at 50–58p per share.

Duke Royalty, an Aim-traded company that makes its money by providing capital to companies in exchange for rights to a small percentage of their future revenues over a typical term of 25-40 years, has reported a robust set of annual results and a new credit line that has prompted analysts to materially upgrade their forecasts.

Duke Royalty said annual profit more than doubled following a surge in total income as new royalty investments bolstered growth.

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.

Duke Royalty, an Aim-traded company that makes its money by providing capital to companies in exchange for rights to a small percentage of their future revenues over a typical term of 25-40 years, has reported a robust trading update ahead of the release of its annual results on Monday 9 September.

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 said that revenue and cashflow for the year to the end of March were in line with market expectations, and has seen its positive momentum continue into the first quarter of its current financial year.

In a wide ranging podcast, Johnson discusses investment opportunities and short-term challenges in equal measure. He also touches on portfolio optimisation and the sort of synergies the company hopes to achieve via the Capital Step acquisition and what potential and existing investors can expect over the medium-term.

These are notes taken during a Q&A session with Neil Johnson, CEO of Duke Royalty (DUKE), which was attended by Graham Neary and a Cube.Investments member.

Duke Royalty, a company that makes its money by providing capital to companies in exchange for rights to a small percentage of their future revenues over a typical term of 25-40 years, has made two smart announcements in the past few weeks.