Overview
Duke Royalty (formerly Praetorian Resources : PRAE) has changed its investing policy to become a diversified royalty finance company, that will provide alternative financing to a diversified range of profitable, well-managed businesses. The primary objective is to generate predictable, stable cash flows from the Company Partners to allow the Company to provide an attractive, yet stable, yield as well as liquidity to shareholders.
You can access the company’s website here
Research History
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07 Feb 2020 9 min read
QuotedData’s Investment Companies Roundup – February 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide New research Here is a list of research we published over January: An annual overview note on Shires Income (SHRS) “Shires Income (SHRS) will […]
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07 Aug 2019 4 min read
QuotedData’s investment companies roundup – August 2019
Investment Companies Roundup New research Over July, we published notes on CQS New City High Yield, BlackRock Throgmorton, Strategic Equity Capital, Seneca Global Income & Growth, CG Asset Management, Standard Life Investments Property Income and Aberdeen New Dawn. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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19 Oct 2017 2 min read
Quarterly investment companies roundup – Third quarter 2017
Quarterly investment companies roundup – Third quarter 2017 – Markets moved up a little over the course of the three months ended 30 September 2017. Regionally, emerging markets did well. The pound strengthened a bit relative to the US dollar but was flat against the euro. The oil price rose by more than 20%. In […]
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12 Oct 2017 1 min read
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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14 Jun 2017 2 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
News
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14 May 2020 2 min read
Duke Royalty plans paper dividend
Duke Royalty plans paper dividend – Duke Royalty has been reviewing the situation with its business in light of COVID-19. It says “Through its diversified portfolio, Duke naturally has exposure to a range of sectors, some of which are impacted to a greater extent by Covid than others, such as hospitality & leisure. In certain […]
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02 Apr 2020 2 min read
QuotedData’s morning briefing 2 April 2020
In QuotedData’s morning briefing 2 April 2020 JZ Capital makes probably the least useful announcement we have seen to date on COVID-19 – highlights include “At this time, given the general levels of uncertainty, it is difficult to accurately gauge the potential impact of the COVID-19 outbreak on the company. However, the outbreak is currently having […]
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11 Mar 2020 1 min read
QuotedData’s other news 11 March 2020
In QuotedData’s other news 11 March 2020 Bank of England cuts rates to 0.25% from 0.75%. The new rate is the lowest in the UK’s history. RDL Realisation should have about $8.7m in cash following its $7m (43 cent/33p per share) distribution paid in February. Its portfolio was valued at $33m at the end of January. […]
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30 Jan 2020 1 min read
QuotedData’s other news 30 January 2020
In QuotedData’s other news 30 January 2020 Duke Royalty has made a £7.7m follow-on investment in Bakhchysarai (Ireland) which is building a recruitment business in Ireland and the UK. It now has £9.4m invested in the business. Bakhchysarai is using the money to buy PE Global, a specialist recruitment agency that provides staffing and recruitment services primarily […]
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06 Dec 2019 1 min read
QuotedData’s other news 6 December 2019
In QuotedData’s other news 6 December 2019 Sanditon’s liquidation vote passed yesterday Baring Emerging Europe beat its benchmark for the year ended 30 September 2019, returning 17.8% against 15.9% for the index. The dividend was increased by a penny to 35p. Returns were driven by a strong stockmarket in Russia. Duke Royalty has awarded three […]
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04 Nov 2019 1 min read
QuotedData’s other news 4 November
In QuotedData’s other news 4 November EPE Special Opportunities has appointed a new administrator (Not gone into administration as we first read the headline!!). Langham Hall Fund Management (Jersey) Limited replaces R&H Fund Services (Jersey) Limited. Globaworth is paying €185m for two Polish offices – Chmielna 89 is a 14-storey office development, situated directly adjacent to […]
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01 Nov 2019 2 min read
QuotedData’s other news 1 November 2019
In QuotedData’s other news 1 November 2019 RM Secured Direct Lending has renewed and amended its revolving credit facility with OakNorth. Under the terms of the amended facility, the company may draw down loans up to an aggregate value of GBP 10.5 million, on materially similar terms as the previous facility. The new facility will expire […]
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11 Sep 2019 1 min read
QuotedData’s other news 11 September 2019
In QuotedData’s other news 11 September 2019: Grit Real Estate, the pan-African real estate trust, is planning a fundraise – up to 280m shares at a price no less than NAV. Neil Rogan, ex-head of Global Equities at Gartmore with sole responsibility for Gartmore Global Focus Fund and the former lead manager of Fleming Far Eastern […]
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29 Aug 2019 1 min read
QuotedData’s other news 29 August 2019
In QuotedData’s other news 29 August 2019 Duke Royalty has committed another £250k to its Pearl & Dean (cinema advertising) investment and restructured it so that the liability is against the holding company, Step investments limited, which in addition to owning Pearl & Dean, holds a spread other businesses. The funding comes at 18% and will […]
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28 May 2019 1 min read
QuotedData’s other news 28 May 2019
In QuotedData’s other news 28 May 2019: A new fund – Riverstone Credit Opportunities : RCOI – starts trading today, having raised $100m from professional investors to lend money to energy (mainly oil and gas) companies CQS New City High Yield announced that an administrative error had led to it overstating its NAV between 25 April […]
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14 May 2019 1 min read
Duke Royalty boosts near-term revenue
Duke Royalty boosts near-term revenue – Duke Royalty has secured changes to the terms of three agreements which will increase near term revenues for the company. Royalties from Welltel (Ireland) Limited, a telecommunications services company, media company Pearl & Dean Cinemas Limited, and Xtremepush, a technology solutions company, were all acquired via Duke’s recent Capital Step […]
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16 Oct 2017 4 min read
Duke agrees new royalty finance for Lynx Equity
Duke agrees new royalty finance for Lynx Equity – Duke Royalty Limited has entered into its second royalty financing agreement with Lynx Equity (U.K.) Limited (“Lynx UK”), the UK-based subsidiary of Lynx Equity Limited (“Lynx”). Duke has committed GBP 7.0 million, with an initial tranche of GBP 4.5 million to be drawn down immediately, with the additional […]
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12 Jun 2017 2 min read
Duke Royalty river cruise finance paying off
Duke Royalty river cruise finance paying off. Duke‘s inaugural royalty investment, successfully launched its maiden voyage for its third vessel, the Carmen. Duke says that this marks a memorable day for Temarca and demonstrates the rapid progress made since Duke’s EUR8 million royalty investment which was concluded in April 2017. In response to the growing […]
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17 Mar 2017 3 min read
Duke Royalty seeks to raise up to £15m and re-admission to AIM
Duke Royalty (DUKE) has announced proposals for a conditional placing to raise up to £15.0 million, before expenses, by way of a fundraising. This to comprise a placing and subscription of up to 37.5 million New Shares at a price of 40 pence per share. DUKE says that the net proceeds of the fundraising, which […]
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26 Jul 2016 2 min read
Duke Royalty getting closer to first transactions
Duke Royalty has published results for the year ended 31 March 2016. Over the financial year, Duke Royalty generated a loss after taxation of GBP4.0 million, comprised of GBP1.1 million of cash items and GBP2.9 million of non-cash items (primarily reflecting losses on disposals of investment interests from the previous investment strategy). At the year end […]
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07 Sep 2015 2 min read
Duke Royalty announces royalty deal with Oliver Wyman
Duke Royalty and Oliver Wyman have announced an exclusive pharmaceutical and healthcare royalty financing collaboration. Oliver Wyman is a management consultancy wholly owned by Marsh & McLennan Companies. Duke Royalty will be responsible for capital raising, the structuring of definitive agreements and the acquisition of each royalty interest originating from the collaboration. Duke Royalty believes […]
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27 Jul 2015 1 min read
Duke Royalty focused on new strategy
Duke Royalty shareholders approved the strategy changes proposed at the recent AGM and the fund’s new investments will now be focused on royalty streams. The NAV of the legacy resources assets fell by 69% over the year to the end of March 2015, finishing the period at 7p. the Board initiated a number of cost […]
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22 Jul 2015 1 min read
The Investment Trust winners and losers in Q2
UK smaller companies funds feature quite prevalently in the lists on the back of a decisive election result in the UK and some funds close to the end of their lives made significant progress during the quarter for stock specific reasons. http://whichinvestmenttrust.com/the-investment-trust-winners-and-losers-in-q2/
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20 Jul 2015 1 min read
UK smaller companies trusts dominate Q2 best-performers
UK small-caps has emerged as the stand-out sector for investment trusts in Q2 2015, according to statistics from QuotedData. The report, published 16 June, showed that UK smaller companies-focused mandates accounted for the majority of best-performing funds in NAV terms for the quarter. http://www.portfolio-adviser.com/news/1023811/uk-companies-trusts-dominate-q2-performers
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16 Jul 2015 1 min read
Small company investment trusts got election boost
Investment trusts specialising in smaller companies were among the top performers of the past few months after a decisive election result improved confidence in the sector, new research shows. But commodity and Asia-focused investment trusts were among the stragglers as investors shunned stocks exposed to an economic slowdown in China or a US rate rise, […]
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28 May 2015 5 min read
Sweeping changes proposed for Praetorian Resources
Praetorian Resources has today published a circular convening a meeting at which shareholders will be asked to approve a number of changes to the way the company is run. First the Board is proposing a new investment policy which would mean that the company would become a diversified royalty finance company. the proposed new investment […]
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12 Dec 2013 1 min read
Praetorian Resources
Praetorian Resources six months to the end of September 2013 saw the NAV fall from 32p to 21p as junior resources companies remained out of favour. The Board is asking for investors’ patience and hopes to raise more money for the fund to take advantage of what it thinks are the recovery prospects for its […]
