Hardman & Co Research / GG00BYZSSY63
29.04.2024 - 15:45:05Hardman & Co Research Initiation of Coverage on Duke Capital (DUKE): Meeting customer needs, giving investors returns
| 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. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/duke-meeting-customer-needs-giving-investors-returns/ If you are interested in meeting the company, you can register your interest by clicking on the above link.
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