Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
To provide shareholders with an attractive and growing level of income, together with the potential for capital growth, from investment in songs and associated musical intellectual property rights.
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To be perfectly honest, I did not fully understand the RNS, nor do I understand how it could impact future earnings. It seemed weird that a miscalculation of this magnitude could be made and even less clear how it will impact future dividends. The fact that the lenders will have to *approve* future divis was enough for me. I primarily held this as a diversifier for the rest of my portfolio, but without any divi it does not stack up.
I might consider rebuying after some clarity on the future divis, but for now, it's too much of a gamble.
I've held these shares for a few years now and never been in profit with them...I doubt I ever will now
I am beyond confused at this point, and I work in this industry!
I'm struggling to understand how the valuer has miscalculated the CRB III payments to the tune of £10m given the uplift to the new rate for songwriters was announced last year and upheld this summer, unless the royalty expectations were completely wrong to be begin with, which is even worse.
Current divi cut; future divis in danger/need approval. Not good. This could tank.
This could get battered today if you discount the reduced royalties into the future and adjust m/cap accordingly.
Answering my own question - have just manageed to vote my shares held with HL (had to phone them though).
Waiting to hear back from iDealing as to wherher they will vote the shares I hold with them.
Sad though that neither informed me that a vote was to take place and whether or not I could do that through them. Not all nominee holders might be aware - insts and holders of certificates will have received something in the post.
Anyone holding these in nominee accounts whose brokers are enabling them to vote on sale of assets or continuation proposal??
Https://www.prsformusic.com/royalties/royalty-payment-dates/distribution-update
It'll be interesting to see if they get any competing offers under the Go-Shop provision.
That would be good confirmation of valuations.
Depends on whether you mean "what they're doing" or what's happening as a result of "what they're doing".
What they're doing is trying to narrow the discount between what they say is the NAV and the share price. They feel they can do that by selling off some of the "jewels" for a smaller discount and use the proceeds to pay off some expensive debt and buy back some shares in the market for what they feel is a cheap price.
What's happening as a result is a matter of trust - it looks as though investors don't like what theyre doing and probably don't trust management.
There's a continuation vote coming up shortly but I can't see their actions above will have enough effect in time to make much difference to investors' feelings. I'm also not sure how much management really care which way the continuation vote goes anyway. If the vote goes for winding up then management could just sell all the assets to the "other" Hipgnosis and not be that much worse off - they manage the "other" Hipgnosis anyway so would continue being richly rewarded.
I'm struggling to understand what's happening.
I could understand selling off rights that don't fit their philosophy, but not selling to another part of the organisation with a similar philosophy.
Hmm - WTF?
Somebody is making a lot of money here... I'm not sure that it's the shareholders!
Https://www.ft.com/content/b9ce0d69-4245-470d-8adb-3827a5217de4
User no longer on LSE
This is news from March...why post now unless you are also a bot
That post looks suspiciously like it was posted by a bot...the number of previous posts, the name of the poster( a name followed by a number) and the rambling length of the text. There were a number of similar posts on other chats over the weekend. It's best not to act on anything posted by anyone on LSE as nothing is to be trusted.
With the recent offer for rival Round hill from Concord I’m hoping that SONG will also attract interest.
I’ve had these for two years and the divis have been consistent but depressed SP not so good
Think I’m right in saying that big name artist royalties don’t come cheap..
Maybe now is a time to invest in the hope of takeover…
Hey,
I have been interested in this field for a while, but it seems that most music purchasers are large companies where the music section is just a small part.
I recently came across news about Bieber, and at first, I thought it was related to this share. However, I later found out that it was a different joint venture with Blackrock, and the terms are not very clear.
Anyway, I have been examining the latest interim statement and the catalogue. There are some good names, but I am wondering if there is a way to determine exactly which albums/songs are owned. For example, there is a Red Hot Chilli Peppers catalogue, but the popularity of their songs varies greatly.
It seems like this could be a good long-term dividend play, especially if the company values their catalogues accurately.
Swiss Investor Acquires Music Rights from Ultravox Singer Midge Ure
Fell to a low of 74.2p 18th August 2023 , up 9% today.
November 2021 saw high of 129p.
This same sector cross over giving hope to holders.
BUZZ-Copyright owner of Beatles, Backstreet Boys' songs leaps on $469 mln buyout offer
11.5% discount on SONG's NAV would give 132p per share. Let's see how close it gets.
RHMP shooting up 60% on a buyout offer should hopefully give a boost to Mr Market's assessment on the NAV here!
Thanks for posting that link Laughton, interesting. I think they just need to keep calm and wait for central banks to reduce base rates, the rating will then turn back to a premium and they can start issuing shares again. I don't like the idea of them selling assets and reducing the NAV.
Https://www.standard.co.uk/business/don-t-stop-the-music-and-my-ps2-billion-fund-b1098390.html
Well, I guess he would say that, wouldn't he?