{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"PIWORLD Investor Podcasts","title":"Duke Royalty’s CEO, Neil Johnson, interviewed by James Lynch, Fund Manager, Downing.","html":"","width":"100%","height":180,"duration":1325,"description":"This video can be seen at: https://www.piworld.co.uk/2019/03/19/duke-royaltys-ceo-neil-johnson-interviewed-by-james-lynch-fund-manager-downing/\n \nDowning bought a position in Duke Royalty (DUKE) in 2018.\nJames elicits the key investment attractions of DUKE, and Neil gives a great overview of DUKE, royalty finance, the market place, risk management and much more, to answer all the questions investors may have.\nDuke Royalty Limited is a Guernsey-based diversified royalty investment company. The Company specialises in diversified royalty financing and provides alternative capital solutions to a diversified range of businesses in Europe and abroad. The Company’s investment policy is to invest in, without limitation and restrictions (including geographical restrictions), long-term, revenue-based royalties in private and/or public companies, and or other alternative asset classes and/or financing instruments from time to time that bear similar risk and return characteristics. The Company provides financing solutions to private companies that are in need of capital but whose owners wish to maintain equity control of their business. It provides capital to companies in exchange for rights to a small percentage of future revenues.\nIntroduction by James Lynch – 00:26Neil Johnson & DUKE’s background – 01:18What’s the royalty finance model? – 02:22The length of the funding? – 03:07What’s the economics of the agreements? – 03:44What is the investment case for DUKE? – 04:37 How big is the European market? – 05:52What’s the market opportunity? – 06:39Are there competitors? – 07:33Capital Step acquisition? – 07:50Can you explain the participation element? – 08:19How do you see the DUKE portfolio evolving over the coming months? – 09:49How do you manage risk? – 10:30Royalty payment cover – 12:54Alignment of interests with royalty partners? – 14:13What’s the demand for royalty financing? – 16:27On-going business with our royalty partners? – 17:57DUKE management’s alignment with...","thumbnail_url":"https://img.transistorcdn.com/oB5fNE4aIAia_YyTCKvE1PzrZQaD1Fjo_P7m7T9Aw_Y/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kOTJi/ODBiMzBmOGFhZWJi/MWEzYThkMzAyNmZm/MTdjZi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}