Duke Royalty increased to 5.0% of JIC Portfolio

Duke Royalty (DUKE.L, Market Cap £95m, 43p, 5.0% of JIC Portfolio and 8.4% of JIC Top 10)

Further to my diary entry of 17th October, I have this morning bought 10,000 shares at 42.978p for the JIC Portfolio, taking the holding to 5.0%. That is in line with my Medium Risk/High Return judgement of the stocks rating. 

It seemed to make more sense to buy in the open market than take part in the open offer at 44p. I will therefore not participate in the open offer. 

At 43p the shares are on a prospective dividend yield of 7%. Next quarterly dividend at Christmas! Happy Holder!

Screenshot 2019-10-24 at 10.48.03