Duke Royalty pays down balance of new revolving credit facility
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 Pays Outstanding Financing Facility Balance
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.
Paydown of Revolving Credit Facility
Good news from Duke, as it (temporarily) pays down its £12 million credit facility
Brexit uncertainty helping major UK-listed royalty finance firm secure £20m from investors
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.
A new wave of lending
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.
A royal high-yielding investment
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 profit jumps as new royalty investments bolster growth
Duke Royalty said annual profit more than doubled following a surge in total income as new royalty investments bolstered growth.
Duke Royalty Swings To Maiden Yearly Profit As Income Jumps
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’s Royal Credentials
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 To Report “Significant Uplift” In Annual Performance
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.
Growth Business – Duke Royalty plans to double investment activity over coming year
Duke Royalty brings royalty finance concept to Britain, investing millions in established SMEs in exchange of share of revenue.
Podcast: Neil Johnson, CEO of Duke Royalty
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.
Duke Royalty – Q&A Session #DUKE
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.
High-yielding Duke Royalty on the money
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.
Duke Royalty of UK eyes Ireland for box-office investments
Duke Royalty, a UK-quoted royalty financing company, is set to increase its portfolio in Ireland following the acquisition of British financier Capital Step in February.
A royal high-yielding investment
Duke Royalty may operate in an area of finance that is under the radar, but it’s a company well worth getting acquainted with given that the directors have made smart progress investing the £79m proceeds from three equity raises (placings at 40p to 44p) to create a portfolio of sound royalty partners since listing its shares on London’s junior market in March 2017.
Duke Royalty’s CEO, Neil Johnson, interviewed by James Lynch, Fund Manager, Downing.
Downing bought a position in Duke Royalty (DUKE) in 2018. James elicits the key investment attractions of DUKE, and Neil gives a great overview of DUKE, royalty finance, the market place, risk management and much more, to answer all the questions investors may have.
Cube Podcast #13: Neil Johnson, Duke Royalty (DUKE)
For this podcast, Graham was pleased to be joined by Neil Johnson, Executive Director and CEO of Duke Royalty (DUKE) (latest share price 41.4p, market cap £83 million).
Alpha: Simon Thompson’s royal high yielder
The European royalty financing market is starting to gain traction and this firm has spotted the opportunity to replicate a business model that has a proven track record in North America (where the market for royalty financing is worth £50bn).
What is royalty financing?
The odds are that if you live in the UK and rest of Europe you have never heard of royalty finance. However, more than a decade after the 2008 financial crisis and on the back of a recent sell-off in global equity markets, the word around royalty financing is inevitably spreading rapidly.
Fast Growing Small Caps for 2019
Despite all the uncertainty created by Brexit the latest reading from the Quoted Companies Alliance/YouGov Small & Mid-Cap Sentiment index suggests most small and medium-sized companies in the UK are optimistic about 2019.
Duke Royalty Income
AIM has achieved three consecutive years of strong growth, but it is set to decline in 2018. The FTSE AIM All Share index slumped by 11% during October, which compares with a 5% decline for the FTSE 100 index.
New To The UK, Royalty Finance Seeks To Reach The SMEs That VCs And Lenders Pass By
Thanks to a relatively light-touch regulatory environment, the UK’s ‘alternative finance’ sector has flourished in the eight years or so since the first equity crowdfunding and peer-to-peer lending platforms came on stream.
Video: Duke Royalty brings the royalty investment model to Europe
Investing in companies with a view to receiving royalty payments, is a new format to Europe. It’s a model that has been established in Canada, and AIM-listed Duke Royalty is now rolling out the model across Europe.
Royalty financing beyond the mining sector
A form of alternative finance is facing a reputational revival in the UK. Royalty financing, where capital is provided to a business in return for a cut of that company’s revenue, is typically associated with mining, particularly with development projects.
Duke Royalty raises interim dividend as royalty portfolio continues to grow
Alternative capital solutions provider Duke Royalty said Tuesday it had increased its interim dividend by 17%, or 0.1p per share, quarter-on-quarter to 0.7p per share, supported by a rising royalty portfolio.
New financing partner for Brownhills
Duke Royalty, a provider of alternative capital solutions to a diversified range of profitable and long-established businesses, has entered into a royalty financing agreement of up to £7.5 million with Walsall-based Brownhills Glass.
Share tips of the week
MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK financial pages.
Rev up your shares as profits at Royalty Finance firm Duke Royalty surge
Bank lending to small and medium-sized businesses has virtually halved since the financial crisis. New rules make it much tougher for banks to lend to most firms and many no longer even want to borrow from traditional lenders.
Don’t just rely on the banks for a loan
Thomas Hoegh tells a story about the aftermath of 9/11. Back then, the Norwegian internet investor was the largest shareholder in the travel website lastminute.com. The start-up had made progress in convincing airlines to offer discounted seats, yet had struggled to persuade hoteliers to list empty rooms on the platform.
Coatings Maker agrees £9m financing deal
A Birmingham-based coatings manufacturer which was established in the 1940s has entered into a £9m royalty financing agreement with an investment company.
Market minnows: Duke Royalty
It’s a given that small companies still find it hard to borrow money at reasonable rates from the banks. Into this funding gap have sprung alternative forms of borrowing: crowdfunding, invoice factoring, angel investors.
Newsadmin2024-02-09T15:53:01+00:00