Hipgnosis Songs Fund (SONG LN) released its Interim results for period ending 30 Sep 2022 this morning. The NAV is stable at $1.8312, which equated to a sterling NAV of 164.06p, based upon the £/$ exchange rate of 1.1162 as at 30 Sep. Based upon live £/$ exchange rate on 6 December of 1.2223 this equates to 149.87p today. With the shares trading at c80p this represents a deep discount of 47%. The Board have restated its intention to maintain the target dividend of 5.25p per Ordinary share for th ....
08 Dec 2022
Stable NAV, stable dividend & deep discount
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Stable NAV, stable dividend & deep discount
Hipgnosis Songs Fund Limited Shs GBP (SONG:LON) | 70.5 -0.1 (-0.1%) | Mkt Cap: 852.5m
- Published:
08 Dec 2022 -
Author:
Paul Glover -
Pages:
4
Hipgnosis Songs Fund (SONG LN) released its Interim results for period ending 30 Sep 2022 this morning. The NAV is stable at $1.8312, which equated to a sterling NAV of 164.06p, based upon the £/$ exchange rate of 1.1162 as at 30 Sep. Based upon live £/$ exchange rate on 6 December of 1.2223 this equates to 149.87p today. With the shares trading at c80p this represents a deep discount of 47%. The Board have restated its intention to maintain the target dividend of 5.25p per Ordinary share for th ....