Today, Duke has announced its second new royalty partner in a fortnight. The two deals combined represent c£26.4m of investment and c£3.4m in annualised royalty income. Their addition materially diversifies Duke's existing royalty portfolio to 13 partners, with novel exposure to commercial signage (Atlas) and social care (Tristone). The former is Duke's first foray into the US, diversifying geographically too. With deployments now ahead of our prior forecasts, we upgrade accordingly, with FY23E ....
16 Dec 2021
Cenkos: Duke Royalty Ltd - Deploying ahead of schedule
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Cenkos: Duke Royalty Ltd - Deploying ahead of schedule
Duke Capital Limited (DUKE:LON) | 31.8 -0.1 (-0.8%) | Mkt Cap: 131.9m
- Published:
16 Dec 2021 -
Author:
Cavendish Research -
Pages:
7
Today, Duke has announced its second new royalty partner in a fortnight. The two deals combined represent c£26.4m of investment and c£3.4m in annualised royalty income. Their addition materially diversifies Duke's existing royalty portfolio to 13 partners, with novel exposure to commercial signage (Atlas) and social care (Tristone). The former is Duke's first foray into the US, diversifying geographically too. With deployments now ahead of our prior forecasts, we upgrade accordingly, with FY23E ....