Duke has raised £20m in new equity capital, subject to shareholder approval, to fund their continued expansion. The new capital will also support the company's target of increasing their debt facility by a further £25m, and therefore providing a total of £45m of new capital to invest. The increasing scale and diversification of the portfolio is forecast to eventually increase free cash flow per share once full deployment has taken place and will allow Duke to seek a reduction in its debt facilit ....
11 May 2022
Cenkos: Duke Royalty Ltd -- Majestic Royalty Expansion
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Cenkos: Duke Royalty Ltd -- Majestic Royalty Expansion
Duke Capital Limited (DUKE:LON) | 33.5 0 0.0% | Mkt Cap: 139.2m
- Published:
11 May 2022 -
Author:
Andrew Renton -
Pages:
22
Duke has raised £20m in new equity capital, subject to shareholder approval, to fund their continued expansion. The new capital will also support the company's target of increasing their debt facility by a further £25m, and therefore providing a total of £45m of new capital to invest. The increasing scale and diversification of the portfolio is forecast to eventually increase free cash flow per share once full deployment has taken place and will allow Duke to seek a reduction in its debt facilit ....