Duke has released a resilient set of interim results and a Q3/23E trading update and remains on track to hit our full-year estimates. H1/23A recurring cash revenues were up 67% YoY, and Q3/23E should see a further 4% increase. The Group has a further c£15m of liquidity to deploy following the equity raise earlier this year and the recent investment in a new partner called New Path Fire and Security. We believe deployment will be higher in the second half than the first. The business model contin ....
01 Dec 2022
Cenkos: Duke Royalty Ltd -- A New Half and a New Path
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Cenkos: Duke Royalty Ltd -- A New Half and a New Path
Duke Capital Limited (DUKE:LON) | 31.8 -0.2 (-1.6%) | Mkt Cap: 131.9m
- Published:
01 Dec 2022 -
Author:
Andrew Renton -
Pages:
8
Duke has released a resilient set of interim results and a Q3/23E trading update and remains on track to hit our full-year estimates. H1/23A recurring cash revenues were up 67% YoY, and Q3/23E should see a further 4% increase. The Group has a further c£15m of liquidity to deploy following the equity raise earlier this year and the recent investment in a new partner called New Path Fire and Security. We believe deployment will be higher in the second half than the first. The business model contin ....