Duke has today confirmed its second new royalty partner this month, through a £7.7m agreement with InTec Business Solutions (InTec). The deal, disclosed in April's placing, sees Duke re-establish exposure to the technology sector (following Welltel's earlier exit), maintains portfolio diversification and takes the current royalty portfolio to eleven partners. Should the other disclosed deal from the placing be executed as planned, we would expect to revise FY22E forecasts. The stock currently tr ....
22 Jul 2021
Cenkos: Duke Royalty Ltd -- New royalty partner: InTec
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Cenkos: Duke Royalty Ltd -- New royalty partner: InTec
Duke Capital Limited (DUKE:LON) | 32.0 -0.1 (-0.8%) | Mkt Cap: 132.9m
- Published:
22 Jul 2021 -
Author:
Cavendish Research -
Pages:
7
Duke has today confirmed its second new royalty partner this month, through a £7.7m agreement with InTec Business Solutions (InTec). The deal, disclosed in April's placing, sees Duke re-establish exposure to the technology sector (following Welltel's earlier exit), maintains portfolio diversification and takes the current royalty portfolio to eleven partners. Should the other disclosed deal from the placing be executed as planned, we would expect to revise FY22E forecasts. The stock currently tr ....