Hipgnosis Songs Fund has today released its full year results for year ending 31 March 2022, the Operative NAV is up 9.9% YOY to $1.8491 (140.79p). NAV growth was mainly driven as a result of strong LFL streaming growth of 19.4% in H2 2021, in excess of the Valuer’s expectations, which resulted in an increase in expected future streaming revenue. NAV TR for the 12 month period was +14.2%, and since inception over the past 4 years +59.1%. Furthermore, adjusting for the FX movement since the end o ....
14 Jul 2022
Full Year results - NAV up 9.9%
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Full Year results - NAV up 9.9%
Hipgnosis Songs Fund Limited Shs GBP (SONG:LON) | 69.4 0 0.0% | Mkt Cap: 839.2m
- Published:
14 Jul 2022 -
Author:
Paul Glover -
Pages:
5
Hipgnosis Songs Fund has today released its full year results for year ending 31 March 2022, the Operative NAV is up 9.9% YOY to $1.8491 (140.79p). NAV growth was mainly driven as a result of strong LFL streaming growth of 19.4% in H2 2021, in excess of the Valuer’s expectations, which resulted in an increase in expected future streaming revenue. NAV TR for the 12 month period was +14.2%, and since inception over the past 4 years +59.1%. Furthermore, adjusting for the FX movement since the end o ....