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Dukemount Capital – having claimed in January it had ‘taken steps to ensure its financial position and prospects’, it’s now gargantuan dilution!

By Tom Winnifrith & Steve Moore | Monday 4 March 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

In January-announced results for its year ended 30th September 2023 Dukemount Capital (DKE) stated changed London Stock Exchange “standard list” requirements meant it having had to sell its previous sub-scale green shite business, but argued that “the board has… taken steps through restructuring the company's funding routes, to ensure that the financial position and prospects of the company are maintained to facilitate a future reverse transaction”. Auditors Royce Peeling Green though noted “Material uncertainty related to going concern”… and there is now a “Capitalisation of Loan, Issue of Equity & Warrants”-titled announcement sending the shares currently down 44% to 0.14p!
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