Today's update highlights that despite the Covid-19 outbreak and UK/IRE lockdown, which has affected trading, Duke has continued to collect cash royalties from most of its royalty partners. Short-term alternative payment terms have been agreed with those partners hardest hit, to support them to periods where royalties can be fully recouped. Therefore the 61% fall in p/b from 1.3 (at 20 Feb) to 0.5 today, appears overdone.
14 May 2020
Cenkos: Duke Royalty Ltd -- Supporting partners to better times ahead
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Cenkos: Duke Royalty Ltd -- Supporting partners to better times ahead
Duke Capital Limited (DUKE:LON) | 31.8 0 0.0% | Mkt Cap: 131.9m
- Published:
14 May 2020 -
Author:
Cavendish Research -
Pages:
7
Today's update highlights that despite the Covid-19 outbreak and UK/IRE lockdown, which has affected trading, Duke has continued to collect cash royalties from most of its royalty partners. Short-term alternative payment terms have been agreed with those partners hardest hit, to support them to periods where royalties can be fully recouped. Therefore the 61% fall in p/b from 1.3 (at 20 Feb) to 0.5 today, appears overdone.