Duke Royalty (DUKE.L, Market Cap Â£95m, 43p, 5.0% of JIC Portfolio and 8.4% of JIC Top 10)
Further to my diary entry of 17thÂ 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.Â
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.Â
At 43p the shares are on a prospective dividend yield of 7%. Next quarterly dividend at Christmas! Happy Holder!