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QuotedData’s other news 11 March 2020

In QuotedData’s other news 11 March 2020

  • Bank of England cuts rates to 0.25% from 0.75%. The new rate is the lowest in the UK’s history.
  • RDL Realisation should have about $8.7m in cash following its $7m (43 cent/33p per share) distribution paid in February. Its portfolio was valued at $33m at the end of January. Based on there being 16,122,931 shares in issue, that would imply an NAV per share of $2.59 or 201p. $13.5m of the $33m in the portfolio relates to the money due to the company from the Princeton bankruptcy. RDL’s 139.5p share price might still be implying that investors don’t think this money is going to be paid.
  • Duke Royalty says “In light of the market turbulence that has been affecting all public companies recently, the company would like to reaffirm to shareholders that it believes that the cashflow generated from its royalty and loan portfolio for the financial year ending 31 March 2020 will be in line with market expectations and hence, it has confidence to maintain its quarterly dividend payment.

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