Duke has released a positive Q4/23E trading update in-line with our expectations. With the latest guided quarterly recurring cash revenues of £5.7m, the total for FY23E would be £21.7m, exactly in-line with our forecasts and demonstrating the reliability of forecast cash flows. Further deployments took place during the quarter which will continue to support further revenue growth in FY24E. Duke's valuation looks very compelling at current levels with the FY24E dividend yield at c9% whilst being ....
03 Mar 2023
Cenkos: Duke Royalty Ltd -- Positive Q4 Update and Guidance
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Cenkos: Duke Royalty Ltd -- Positive Q4 Update and Guidance
Duke Capital Limited (DUKE:LON) | 31.8 -0.2 (-1.6%) | Mkt Cap: 131.9m
- Published:
03 Mar 2023 -
Author:
Andrew Renton -
Pages:
7
Duke has released a positive Q4/23E trading update in-line with our expectations. With the latest guided quarterly recurring cash revenues of £5.7m, the total for FY23E would be £21.7m, exactly in-line with our forecasts and demonstrating the reliability of forecast cash flows. Further deployments took place during the quarter which will continue to support further revenue growth in FY24E. Duke's valuation looks very compelling at current levels with the FY24E dividend yield at c9% whilst being ....