Today's results reflect a period impacted by COVID-19, whereby five royalty partners entered forbearance, with four subsequently exiting post-period and returning to royalty payments. This has shown Duke as a supportive, long-term capital provider, assisting partners to periods of more stable trading. In turn, this has preserved shareholder value and enabled the group to return to cash dividends from Q3/21. With more positive economic conditions ahead in 2021, we see upside to Duke's royalty/equ ....
09 Dec 2020
Cenkos: Duke Royalty Ltd -- Successfully navigated to more stable times
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Cenkos: Duke Royalty Ltd -- Successfully navigated to more stable times
Duke Capital Limited (DUKE:LON) | 31.2 0 0.2% | Mkt Cap: 129.8m
- Published:
09 Dec 2020 -
Author:
Cavendish Research -
Pages:
7
Today's results reflect a period impacted by COVID-19, whereby five royalty partners entered forbearance, with four subsequently exiting post-period and returning to royalty payments. This has shown Duke as a supportive, long-term capital provider, assisting partners to periods of more stable trading. In turn, this has preserved shareholder value and enabled the group to return to cash dividends from Q3/21. With more positive economic conditions ahead in 2021, we see upside to Duke's royalty/equ ....