Hardman & Co Research Initiation of Coverage on Duke Capital (DUKE) 105 0 Kommentare Meeting customer needs, giving investors returns

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Duke Capital aims to meet customer needs and provide investors with returns through unique hybrid capital products.
The company offers equity-type returns with debt levels of risk, supported by loan and preference share elements.
Management and shareholder interests are aligned, with PE-style due diligence and ongoing capital growth potential.

Hardman & Co Research
Hardman & Co Research Initiation of Coverage on Duke Capital (DUKE): Meeting customer needs, giving investors returns

29-Apr-2024 / 14:45 GMT/BST
The issuer is solely responsible for the content of this announcement.

Hardman & Co Research – Initiation of Coverage on Duke Capital (DUKE):
Meeting customer needs, giving investors returns

DUKE’s unique product provides SMEs across diversified sectors with hybrid capital, allowing the existing team to retain control. By optimising the best of equity and debt, DUKE aims to achieve equity-type returns with debt levels of risk. The loan and participating preference share elements support DUKE shareholders’ high (2024E: 9.0%), growing (2026E: 7% above 2024), and covered dividend. Early exit fees and equity stakes should generate ongoing capital growth as the portfolio matures. PE-style due diligence before providing capital, and board participation after, reduces downside risk. Management and shareholder interests are aligned.

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https://hardmanandco.com/research/corporate-research/duke-meeting-cust ...

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.

Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

1892047 29-Apr-2024