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Duke Capital ( (GB:DUKE) ) has provided an announcement.
Duke Capital Limited announced its interim results for the six months ending September 30, 2024, reporting a 4% increase in recurring cash revenue to £12.7 million despite a 4% decline in total cash revenue. The company maintained its cash dividends at 1.40 pence per share and deployed over £15 million into existing capital partners. A post-period fundraise of £23.5 million aims to support portfolio M&A and advance Duke’s third-party, non-dilutive funding strategy. The company is optimistic about its diversified portfolio and the resilience of the private credit and direct lending markets, with plans to raise future capital through Managed Account/Joint Venture structures to reduce reliance on UK public equity markets.
More about Duke Capital
Duke Capital Limited is a leading provider of hybrid capital solutions for SME business owners in Europe and North America. The company combines the best features of both equity and debt to offer unique long-term financing options, eliminating re-financing risk and the necessity for a short-term exit. Duke Capital focuses on generating attractive risk-adjusted returns for shareholders with a strong emphasis on capital preservation, dividend yield, and value creation upon exits. The company is listed on the AIM market under the ticker DUKE and is headquartered in Guernsey.
YTD Price Performance: -6.07%
Average Trading Volume: 990,912
Technical Sentiment Consensus Rating: Buy
For a thorough assessment of DUKE stock, go to TipRanks’ Stock Analysis page.
