|Bid||76.10 x 0|
|Ask||76.60 x 0|
|Day's range||76.10 - 77.70|
|52-week range||72.71 - 99.00|
|Beta (5Y monthly)||0.26|
|PE ratio (TTM)||N/A|
|Earnings date||06 Dec 2023 - 10 Dec 2023|
|Forward dividend & yield||0.05 (6.26%)|
|Ex-dividend date||28 Sept 2023|
|1y target est||86.00|
Music investor Hipgnosis Songs Fund has sold some of its catalogues, including songs by the Kaiser Chiefs and rapper Nelly, in a $465m (£373m) deal to pay down debt and bolster its share price.
Mo' songs, mo' problems. In an effort to pay off debt and boost its stock, the UK-listed Hipgnosis Songs Fund is selling 29 catalogs of music,...
The sale includes a portfolio of 29 music catalogues and a collection of non-core songs to a partnership between its investment adviser and funds advised by U.S. private equity group Blackstone, Hipgnosis said on Thursday. The company said in July along with annual results that it was considering a “strategic sale of catalogues of songs” as it seeks to narrow a sizeable share price discount to its net asset value.