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Hipgnosis Songs Fund Limited (SONG.L)

LSE - LSE Delayed price. Currency in GBp
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121.00+0.20 (+0.17%)
At close: 4:35PM BST
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Previous close120.80
Open120.93
Bid120.80 x 0
Ask120.80 x 0
Day's range120.40 - 121.20
52-week range1.22 - 129.90
Volume1,015,924
Avg. volume1,679,349
Market cap1.466B
Beta (5Y monthly)0.21
PE ratio (TTM)2,574.47
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.05 (4.34%)
Ex-dividend date29 Jul 2021
1y target estN/A
  • UK ministers call for music streaming reform as artists 'lose out'
    Yahoo Finance UK

    UK ministers call for music streaming reform as artists 'lose out'

    Ministers are urging for a 'complete reset' of the market to stop poor returns, or artists being frozen out of payments altogether.

  • Hipgnosis forecasts higher streaming earnings after strong year
    Reuters

    Hipgnosis forecasts higher streaming earnings after strong year

    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’
    The Guardian

    Hipgnosis aims to raise £150m to buy more of ‘most influential songs of all time’

    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