|Bid||121.00 x 0|
|Ask||121.20 x 0|
|Day's range||120.40 - 121.40|
|52-week range||1.20 - 129.90|
|Beta (5Y monthly)||0.21|
|PE ratio (TTM)||2,574.47|
|Earnings date||05 Jul 2021|
|Forward dividend & yield||0.05 (4.34%)|
|Ex-dividend date||29 Jul 2021|
|1y target est||N/A|
Ministers are urging for a 'complete reset' of the market to stop poor returns, or artists being frozen out of payments altogether.
The company, which earns royalties every time a song it owns is streamed, said annual pretax profit rose 7% to $44.5 million and net asset value jumped 11.3% to $1.68 per share. "Going forward this accelerated streaming will be enhanced as revenues from TikTok, Peloton, Triller, Roblox, and other rapidly emerging digital platforms start to be paid through," Chief Executive Officer Merck Mercuriadis said. Hipgnosis raised its annual dividend target by 5% to 5.25 pence per a share and said its portfolio of 138 catalogues worth about $2 billion saw a 10.4% jump in like-for-like valuation during the year ended March.
Hipgnosis aims to raise £150m to buy more of ‘most influential songs of all time’London-listed music investor will issue 124m new shares, at a price of 121p a share Hipgnosis offers investors the chance to make money from the royalties of popular songs by artists such as Beyoncé. Photograph: Kevin Mazur/Getty Images for Coachella