Share Name Share Symbol Market Type Share ISIN Share Description
Hipgnosis Songs Fund Limited LSE:SONG London Ordinary Share GG00BFYT9H72 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.42% 118.50 528,795 09:27:28
Bid Price Offer Price High Price Low Price Open Price
118.00 119.00 119.00 118.00 118.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 8.01 2.36 1.17 101.3 730
Last Trade Time Trade Type Trade Size Trade Price Currency
09:27:28 AT 1,654 118.50 GBX

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Date Time Title Posts
21/9/202019:43Hipgnosis Songs Fund Limited160

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Hipgnosis Songs Daily Update: Hipgnosis Songs Fund Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SONG. The last closing price for Hipgnosis Songs was 118p.
Hipgnosis Songs Fund Limited has a 4 week average price of 118p and a 12 week average price of 115p.
The 1 year high share price is 126p while the 1 year low share price is currently 85.50p.
There are currently 615,851,887 shares in issue and the average daily traded volume is 3,244,084 shares. The market capitalisation of Hipgnosis Songs Fund Limited is £729,784,486.10.
xtrmntr: Hipgnosis Songs Fund (SONG), which invests mainly in music royalties, has unveiled another share placing to raise over £250 million from institutional and private investors as the investment trust continues its rapid expansion. The shares are being issued at 116p - a 7.9 per cent discount to the share price at time of issue. The trust hopes to raise £250m from institutional investors, with a further £4m of shares available via a retail offer. Hipgnosis says it will invest the proceeds in a "significant pipeline of catalogues" which include some of the most influential hit songs of the past six decades.The trust, which launched in 2018 and now has net assets over £700m, is designed to capitalise on the changing way we consume music. The managers pay a lump sum to artists for song rights and aim to maximise revenue potential through streaming rights and by placing the song in films and TV shows. Hipgnosis now owns the rights to nearly 20,000 songs with Barry Manilow and Amy Winehouse among its big names. The fund's pipeline includes exclusivity on approximately 50 catalogues worth roughly £250m, according to the fund's investment adviser, with discussions on further catalogues worth a total of more than £1 billion. Private investors can buy shares through the PrimaryBid platform. At the time of writing, the placing was expected to be open until 11am on 24 September, but could be closed earlier or later at the trust's discretion. PrimaryBid does not charge investors commission, and there is a minimum investment amount of £100. The placing comes shortly after the trust announced it had invested more than 80 per cent of the proceeds from a share issue in July which raised over £230m. Recent acquisitions for the fund include songs from Pretenders lead singer Chrissie Hynde and English songwriter Steve Robson. The trust currently yields 4.17 per cent, according to Winterflood data, and has been popular among investors looking to diversify portfolios away from equities and bonds. Owing to the rise in paid-for music streaming and the longer-term nature of contracts, the revenue stream has proved more resilient than equity dividends over the coronavirus crisis. Ryan Hughes, head of active portfolios at AJ Bell, says "the trust should certainly bring diversification to a portfolio and offer low correlation to equites and bonds." However, he adds that one point that may be an issue for some investors is the lack of transparency around the deals it is doing with artists which makes the trust difficult to accurately value.James Carthew head of investment company research at QuotedData, says "it would be fair to say that there was some scepticism about the concept of the fund when it was launched, especially given that Hipgnosis was shy about saying what they were paying for these catalogues, but, as successive results have demonstrated the success of the fund to date, even shrugging off the fall in income from live music, nerves have settled."
faz: As it was going to fall to take account of the 116p placing, the fall in share price today is mild compared with others I'm looking at!
rambutan2: 1 September 2020 Acquisition of Music Catalogue ...are pleased to announce that the Company has acquired the music catalogue of musician, songwriter and producer Nikki Sixx, best known as the founding member, bassist, and lead songwriter of Mötley Crüe. With Mötley Crüe, Nikki Sixx has sold more than 100 million albums worldwide as well as achieving seven platinum or multi-platinum certifications, nine Top 10 albums on the Billboard 200 chart, 22 Top 40 mainstream rock hits, and six Top 20 singles. And still touring, and selling: In December of 2019, Mötley Crüe announced that they would kick off THE STADIUM TOUR with Def Leppard and special guests Poison and Joan Jett & The Blackhearts in June of 2020. With already over one million tickets and most shows sold out, a new generation of fans who discovered the band through Netflix's THE DIRT movie will now finally get the chance to see Mötley Crüe's legendary live performance for the first time. hTtps://
rambutan2: High quality hip hop: 24 August 2020 Acquisition of Music Catalogue ...are pleased to announce that the Company has acquired 50% of the copyright interest and writers share in the song catalogue of one of the most influential hip hop artists, songwriters and producers of all time, and leader of immensely successful Wu-Tang Clan, Robert 'RZA' Diggs. Having co-written and produced almost all of Wu-Tang Clan's albums, as well as many of the solo albums released by the group's members, RZA is widely regarded as one of the greatest producers of all time. Recognised for his highly influential writing and production style, RZA was listed by Vibe magazine as one of the top 8 greatest hip hop producers of all time, and NME placed him on their list of the "50 Greatest Producers Ever".
rambutan2: And another... Acquisition of Music Catalogue The Board of Hipgnosis Songs Fund Limited, the first and only UK listed investment company offering investors a pure-play exposure to songs and associated intellectual property rights, and its Investment Adviser, The Family (Music) Limited, are pleased to announce that the Company has acquired the music royalty catalogue of American hip hop and R&B music producer, Ernest 'Dion' Wilson, known as 'No I.D.'. Hipgnosis has acquired 100% of the artist's worldwide copyrights and publishing royalties, including writer's share of income, in the Catalogue which comprises 273 songs. No I.D. has achieved incredible commercial success with artists including Kanye West, Jay-Z, Alicia Keys, Usher, Rihanna, Common, Drake and Ed Sheeran. His songs and productions have collectively been streamed more than 7 billion times and his catalogue includes some of the most successful songs of hip hop culture, including: 2x platinum certified 'Run This Town' by Jay-Z featuring Kayne West and Rihanna (300 million streams); 4x platinum certified 'Holy Grail' by Jay-Z featuring Justin Timberlake (400 million streams); Jay-Z's gold certified 'The Story of O.J.' (30 million streams); Drake's 3x platinum certified 'Find Your Love' (150 million streams); Kanye West's platinum certified 'Black Skinhead' (600 million streams), 'Bound 2' (300 million streams), 'Dark Fantasy' (200 million streams), the gold certified 'Gorgeous' (200 million streams), 'So Appalled' (100 million streams) and 6x platinum certified 'Heartless' (500 million streams); and 2x platinum certified 'Kiss Me' by Ed Sheeran (500 million streams).
epo001: I may have made a mistake buying SONC. I didn't read thoroughly enough and assumed they would convert to SONG on a 1:1 basis. As it when they eventually convert they will effectively be scaled down by the prevailing share price. AND it seems I may miss out on any dividends until then. Are these 2 points correct? If so then buying SONC is a gamble on the share price falling below 100. Is that the point to SONC? Have I just been stupid and should sell again swallowing the spread and 2 sets of dealing costs? EDIT: I really must learn to read more carefully. It seems that some dividends are payable to C class shares.
rambutan2: An apt tune from the great man: htTPs:// The Board of Hipgnosis Songs Fund Limited, the first and only UK listed investment company offering investors a pure-play exposure to songs and associated intellectual property rights, and its Investment Adviser, The Family (Music) Limited, are pleased to announce that the Company has acquired the music royalty catalogue of Barry Manilow, who having sold more than 85 million records is one of the world's bestselling recording artists of all time. Named the top "Adult Contemporary" chart artist of all time by both R&R and Billboard, Barry Manilow has had 12 Number 1, 29 Top 10 hits and an astonishing 50 Top 40 singles. A Songwriters Hall of Fame inductee, his many accolades include receiving the "BMI Icon Award", Society of Singers' "Lifetime Achievement Award", American Music Awards' "Favourite Pop/Rock Male Artist" three years running, a Tony Award, an Emmy Award and 15 Grammy Award nominations for his work as a producer, arranger, and performer...
epo001: What is the difference between SONG and SONC? The latter are rather cheaper but (or is that because) seem to pay no dividend. Why should it be £5 a share? What scope is there for share price growth in SONG? The songs have a predictable revenue stream but isn't this likely to be constant in the short/medium term, declining thereafter. Buying the next Pink Floyd/Elton John before they become famous might do it but ultimately are they not just acquiring song books to preserve the royalty stream? EDIT: answering my own question Https://
bump3r: That's why the big boys are playing it.They collect the dividend to show how well they are managing pension funds.Giving them 4% yield.Yet putting the stock in a low risk share category for a company pension funds guaranteeing them 2% compound growth.Just chuck a bit of money at it it layman's terms and you beat the broker through share price growth plus Divi.Easy money with Merck about to invest half a billion!Like Stevie wonder leading David Blunkett to the pond. (or wilderness) for a drink.Not sure why it's not at £5 a share yet.Proper growth share.
rambutan2: Can't complain: RESULT OF C SHARE ISSUE Further to its announcement on 2 July 2020, Hipgnosis Songs Fund Limited ("Hipgnosis"), the first and only UK investment company offering investors a pure-play exposure to songs and associated intellectual property rights, and its Investment Adviser, The Family (Music) Limited, are pleased to announce that as a result of significant demand from existing and new investors the Placing has been oversubscribed, exceeding the target amount of GBP200 million. Accordingly, the Board has resolved to increase the gross proceeds of the Issue to approximately GBP236.4 million, making it Hipgnosis' biggest equity raise to date. As the Investment Adviser, The Family (Music) Limited, is in active discussions on a pipeline of Catalogues with an acquisition value of over GBP1bn, the Company continues to expect to deploy the net proceeds of the Issue within three months. The Placing has now closed and gross proceeds of approximately GBP233.4 million have been raised at a price of 100 pence per C Share pursuant to the Placing Programme described in the Prospectus published by the Company on 27 September 2019. In addition, further gross proceeds of approximately GBP3.0 million have been raised at a price of 100 pence per C Share pursuant to the PrimaryBid Offer. Merck Mercuriadis, Founder of Hipgnosis Songs Fund Limited and The Family (Music) Limited, said: "Our mantra is that proven songs produce predictable and reliable income and are a highly investable uncorrelated asset class that can rival gold. I'm very grateful for the incomparable support we have had from our great institutional investors from day 1 and delighted that they are now, with us having become one of the biggest yielders on the FTSE 250, joined with significant participation from the retail sector. This is our biggest fundraise to date, and the biggest fundraise by a LSE listed investment trust since the COVID-19 lockdown, which speaks volumes for the financial community's recognition of Songs as an asset class. In line with our current performance we will do our utmost to continue to deliver strong results for our investors by buying extraordinarily successful proven songs by culturally important artists and managing them with great responsibility. At the same time we will use the influence of our great songs and financial wherewithal to bring reform to the way the songwriter is remunerated. The songwriter is unjustly at the bottom of the traditional music business economic equation, our intention is to take the songwriter to the top! "
Hipgnosis Songs share price data is direct from the London Stock Exchange
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