Hipgnosis Songs Share Discussion Threads

[feddie] 13/8/2024 11:16

Got the cash in ii. I elected t receive GBP. The fx used was 1.2915 which is a rip off. Cannot find when the company set the rate.

[sunbou] 12/8/2024 16:57

Got mine today at IB. Wasn't expecting it to be in USD.

[edwardt] 02/8/2024 07:42

anyone got their cash yet?

[typo56] 18/6/2024 06:37

Director bonuses for doing some work (obviously not sweeteners)

[epo001] 04/6/2024 10:34

Google makes it 103p at the moment.

Is the price likely to drift up or is 101.2 about as good as we can expect? I have no doubt we've been stitched up but it is what it is.

[cynicalsteve] 03/6/2024 17:55

The announcement says that 131c is equivalent to 105p but by my reckoning at current exchange rates it's more like 102.5p. The pound has strengthened a little in the last few weeks which has slightly reduced the sterling price for shareholders. Does anyone know why the 105p figure has been used?

[laughton] 03/6/2024 16:35

Sold all mine last week - so another hopeless decision on my part.

[feddie] 03/6/2024 16:04

It's in the RNS. Process switched to a Scheme of Arrangement which is cheaper.

[epo001] 03/6/2024 14:35

What brought on this higher offer? Are people not selling?

[strelitzia] 03/6/2024 10:20

Slight revision to the offer....1c higher

[elbrus55] 10/5/2024 07:50

I plan to sell in the next fortnight or so mainly because I'd prefer to get GBP rather than the USD you will get if you wait it out (or GBP via lousy exchange rate many retail brokers give you.)It is likely to trade a little bit below 130 cents equivalent for a while, effectively because there is some loss of interest before the execution/settlement. Discount should reduce gradually as get closer.

[typo56] 09/5/2024 16:38

I halved last week and got shot of the rest this morning in the opening auction for 4p lower. With hindsight would have been better off selling the lot last week but I was greedy and was holding out the possibility of more.

[epo001] 09/5/2024 11:24

$1.30 is about £1.04. Selling price currently 1.024, So the issue now is hang on for the extra 1.5p or so or just bail out and find a better use for the money.

Edit: Limit sell amended to 105.5p while I am pondering.

[cynicalsteve] 09/5/2024 07:06

So Concord will not increase their offer, unless a new bidder appears that's it. The only question now is whether Blackstone will buy direct or through HSM.

[elbrus55] 08/5/2024 07:30

The US Treasury yield has dropped a quite a bit in the last week. c. 15bp to 20bp. Note 6 of the annual financial statement shows a 50bp drop in discount rate adds usd 263m (9%) to the value of the song portfolio catalogue. It is pretty sensitive to rates.It this could make it a bit more likely that someone could find an extra 5 cents or so for a higher bid.

[edwardt] 08/5/2024 06:30

Radio silence so far ...

[edwardt] 04/5/2024 13:17

Bet it comes Monday

[cynicalsteve] 03/5/2024 08:08

If we don't get a new offer from Concord at 4.29pm today, carefully timed to ruin Blackstone's weekend, I would say this is the end. However I have been wrong (very wrong) about this before, the price is already higher than I thought it would go. Any higher offer would only make sense if the bidder believed the old, discredited NAV was closer to the truth than we thought.

test edit of old comment 06/10/2024

[edwardt] 02/5/2024 14:39

are jpm buying for concord?

[epo001] 02/5/2024 13:50

Mr Market is inching this upwards. Taking into account dividends received, the present sell price of 105 has me at breakeven. Until of course you include inflation and opportunity cost.

[edwardt] 02/5/2024 11:37

my guess is the bankers will be working over the bank holiday on this...

[edwardt] 01/5/2024 16:10

daily volume through the roof!

[edwardt] 01/5/2024 15:12

they will have to say they are not interested from here so blackstone win. the merger arbs are all over the stock and as it is trading fractionally above the offer - it would infer mr market thinks another bid is probable.

[epo001] 01/5/2024 13:31

Not been involved in a bid situation for a while, if ever. Does Concord's silence mean anything? Could they make a counter offer, formally capitulate or just slink away?

[edwardt] 01/5/2024 10:51

fess up who sold 60m+ shares!