Hipgnosis Songs Fund (SONG LN) has today announced a trading update for the full year ending 31 March 2020. The unaudited NAV has risen 13% YoY to 116.7p, up 14.3% since the last published NAV of 102.2p as at 10 January 2020. This represents a like for like valuation uplift of 11.4%. All equity has been fully deployed and shareholder approval has been sought to increase net debt from 20% to 30%. Revenue is strong with £64.7m generating an EPS of 10.7p (more than 2x the annual 5p dividen
03 Jun 2020
NAV up 13% YoY to 116.7p as at 31 March 2020
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
NAV up 13% YoY to 116.7p as at 31 March 2020
Hipgnosis Songs Fund Limited Shs GBP (SONG:LON) | 92.0 -0.1 (-0.1%) | Mkt Cap: 1,112m
- Published:
03 Jun 2020 -
Author:
Paul Glover -
Pages:
4
Hipgnosis Songs Fund (SONG LN) has today announced a trading update for the full year ending 31 March 2020. The unaudited NAV has risen 13% YoY to 116.7p, up 14.3% since the last published NAV of 102.2p as at 10 January 2020. This represents a like for like valuation uplift of 11.4%. All equity has been fully deployed and shareholder approval has been sought to increase net debt from 20% to 30%. Revenue is strong with £64.7m generating an EPS of 10.7p (more than 2x the annual 5p dividen