Hipgnosis Songs Fund (SONG LN) today announced its maiden full year results. Operative NAV grew 4.6% to 103.27p in the 6 months to 31st March 2019, a pleasing result given that the Company had at that date only deployed £120m (of circa £200m), inferring that the invested portion has already grown by over 9%. The Company has defied those critics that said it couldn’t get invested by building up, over 22 separate Catalogue acquisitions, a diversified portfolio of 5,891 songs c
24 Jun 2019
22 catalogues acquired since IPO – NAV +4.6%
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22 catalogues acquired since IPO – NAV +4.6%
Hipgnosis Songs Fund Limited Shs GBP (SONG:LON) | 68.9 3.7 8.3% | Mkt Cap: 833.1m
- Published:
24 Jun 2019 -
Author:
Paul Glover -
Pages:
3
Hipgnosis Songs Fund (SONG LN) today announced its maiden full year results. Operative NAV grew 4.6% to 103.27p in the 6 months to 31st March 2019, a pleasing result given that the Company had at that date only deployed £120m (of circa £200m), inferring that the invested portion has already grown by over 9%. The Company has defied those critics that said it couldn’t get invested by building up, over 22 separate Catalogue acquisitions, a diversified portfolio of 5,891 songs c