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Pin to quick picksHipgnosis Song. Share News (SONG)

Share Price Information for Hipgnosis Song. (SONG)

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Share Price: 101.00
Bid: 100.80
Ask: 101.20
Change: 0.00 (0.00%)
Spread: 0.40 (0.397%)
Open: 101.20
High: 101.20
Low: 100.80
Prev. Close: 101.00
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Hipgnosis Songs is an Investment Trust

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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TRADING UPDATES: Listing costs hobble Orcadian and ProCook earnings

Thu, 16th Dec 2021 19:18

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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Artemis Alpha Trust PLC - investor in listed and unlisted companies - For the six months ended October 31, net asset value total return falls 5.4% compared to FTSE All-Share Index which rose 5.4%. Net asset value per share rises 27% year-on-year to 447.15 pence from 351.66p the same date a year prior. Declares interim dividend of 2.14 pence per share, up from 2.11p.

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Aberdeen New Dawn Investment Trust PLC - investor in companies in the Asia-Pacific region - Net asset value total return drops 0.7%, compared to MSCI Asia Pacific ex Japan Index, which fell 4.7%. NAV per share declines 1.6% over the six month period to 361.01 pence from 369.97p. Declares interim dividend of 1.00 pence per share, in line with year before.

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Kodal Minerals PLC- southern Mali and Ivory Coast-focused miner - For the six months ended September 30, pretax loss widens to GBP373,264 from GBP255,259 a year prior, driven by a rise in administrative costs and share-based payments. Generated no revenue during the period, as it continues to plan development and exploration programme for Bougouni project.

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RUA Life Sciences PLC - Glasgow-based medical devices using polymer technology and formerly known as AorTech International - For the six months ended September 30, pretax loss widens to GBP1.3 million from GBP622,000 due to higher administrative costs, in spite of revenue growing 12% year-on-year to GBP708,000 from GBP631,000, driven by contract manufacturing revenue growth.

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SME Credit Realisation Fund Ltd - credit investment - Net asset value per share as at September 30 increases to 93.27 pence from 88.87p at the end of March.

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Walker Crips Group PLC - London-based stockbroker and wealth manager - For the six months ended September 30, swings to pretax profit of GBP54,000 from loss of GBP451,000 the same period a year before, on revenue which grows 9.3% year-on-year to GBP15.7 million from GBP14.4 million, driven by a recovery seen in markets, lifting broking commissions and non-broking income. As at September 30, assets under management is up 5.9% over the six-month period to GBP3.6 billion from the end of March. Declares interim dividend of 0.30 pence per share, doubled from 0.15p a year prior.

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Agronomics Ltd - Isle of Man-based investor in cellular agriculture - For the year ended June 30, pretax profit increases to GBP1.0 million from GBP611,731 the year before, as investment income rose sharply to GBP10.7 million from GBP1.3 million.

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FRP Advisory Group PLC - London-based corporate finance, restructuring and debt adviser - For the six months ended October 31, pretax profit drops 19% to GBP5.7 million from GBP7.1 million the same period a year before, due to higher personnel and operating costs more than offsetting 25% year-on-year growth in revenue to GBP44.7 million from GBP35.9 million. Interim dividend remains flat at 1.6 pence per share. Looking ahead, company is well positioned for an increase in demand for services.

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ProCook Group PLC - Waterwells, Gloucester-based direct-to-consumer kitchenware retailer - For the 28 weeks ended October 17, pretax profit declines to GBP2.2 million from GBP4.0 million the same period a year before, due to advisory costs related to the initial public offering in November and higher operating expenses. This more than offset revenue which grew 34% year-on-year to GBP32.1 million from GBP23.9 million, led by a high performance in Retail due to a 50% increase in store opening times as stores begin to reopen.

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Schroder UK Mid Cap Fund PLC - mid-cap-focused investment firm - For the year ended September 30, net asset value total return is 41.8%, compared to the FTSE 250 ex Investment Trusts Index, which returned 40.9%. Net asset value per share as at September 30 increases 39% to 791.56 pence from 568.99p, driven by a recovery in the domestically-focused areas of the market. Declares final dividend of 11.0 pence per share, bringing the total payout to 14.80p, an 11% rise year-on-year.

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Orcadian Energy PLC - North Sea focused oil and gas development company - For the year ended September 30, pretax loss widens to GBP376,758 from GBP230,519 a year before, driven by GBP76,500 in listing costs and higher administrative expenses. Generated no revenue in line with the prior period.

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Cornish Metals Inc - Vancouver, Canada-based investment firm - For the nine months ended October 31, company's loss widens to CAD2.1 million from CAD1.5 million the same period a year before, as operating expenses increased considerably on higher professional fees, as well as regulatory and filing fees. Looking ahead, is planning to conduct a drilling programme at the United Down exploration project.

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Worsley Investors Ltd - investment firm - For the six months ended September 30, net asset value total return was 3.1%, compared to an 8.0% return from the FTSE All-Share Index and 12% return from the FTSE Real Estate Investment Trust Index. Net asset value per share rises 3.1% to 42.81 pence from 41.55p at the end of March.

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Hipgnosis Songs Fund Ltd - Guernsey-registered music intellectual property rights investor - For the six months ended September 30, swings to pretax loss of USD19.2 million from profit of USD13.0 million a year before, due to a USD52.1 million amortisation of catalogue of songs, up from USD24.1 million. This is on revenue which grows 35% year-on-year to USD85.3 million from USD63.3 million through the addition of new catalogue acquisitions. Over the period, operating net asset value per share rises 2.5% to USD1.72 from USD1.68 at the end of March. Company portfolio at the end of September comprises 146 catalogues at an aggregate value of USD2.55 billion. Declares interim dividend of 2.63 pence per share, up from 2.5p a year prior.

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Donegal Investment Group PLC - Donegal, Ireland-based agricultural firm - For the year ended August 31, pretax profit rises 14% to EUR1.6 million from EUR1.4 million the year before, on revenue which declines 7.8% year-on-year to EUR26.1 million from EUR28.3 million, as Covid-19 restrictions continued to hurt demand in the seed potato sector. Looking ahead, company remains "cautiously optimistic" on its performance for the 2021/22 season, and will continue to review all strategic options.

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By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
5 Feb 2024 08:22

Hipgnosis Songs hires legal counsel to review claim against founder

(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it has appointed solicitors to review the claim made against its founder Merck Mercuriadis, Hipgnosis Songs Management and the company by Hipgnosis Music Ltd.

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5 Feb 2024 07:16

Hipgnosis Songs Fund seeking indemnity from founder

(Sharecast News) - Hipgnosis Songs Fund said in an update on Monday that it was looking for indemnity from its founder amid a legal battle with Hipgnosis Music.

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2 Feb 2024 09:30

Merck Mercuriadis replaced as chief of Hipgnosis Songs Management

(Alliance News) - Merck Mercuriadis is stepping down as chief executive of music royalties fund manager Hipgnosis Songs Management.

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23 Jan 2024 10:23

Hipgnosis Songs Fund adviser refuses to drop call option from deal

(Alliance News) - Hipgnosis Songs Fund Ltd on Tuesday said its investment adviser, Hipgnosis Songs Management Ltd, has refused its request to drop the call option from its investment advisory agreement.

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23 Jan 2024 09:47

Hipgnosis: investment manager refuses to drop controversial call option

(Sharecast News) - The investment advisor to Hipgnosis Songs Fund has refused to drop a controversial call option, the troubled music rights owner confirmed on Tuesday.

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23 Jan 2024 09:02

Hipgnosis Songs Fund says adviser refuses to drop call option

Adviser refusing to drop call option

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18 Jan 2024 11:54

IN BRIEF: Hipgnosis Songs Fund seeks to fix "conflict of interest"

Hipgnosis Songs Fund Ltd - investor in music rights - Will call extraordinary general meeting of shareholders to approve a proposal to compensate potential bidders for the fund's assets. The board wants to be able pay a fee of up to GBP20 million to prospective buyers offering terms recommendable to shareholders by the board. The fee is intended to protect bidders against due diligence and acquisition costs so that they are "not deterred from seeking to engage with company" over a possible offer.

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18 Jan 2024 11:06

Hipgnosis proposes £20m payment to entice bidders

(Sharecast News) - Troubled music rights owner Hipgnosis Songs Fund has asked shareholders to vote on a special resolution intended to help attract potential bidders.

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21 Dec 2023 16:03

London close: Stocks finish weaker amid uninspiring data

(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, despite a rebound on Wall Street in early trading, as investors digested lacklustre government borrowing and retail sales data.

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21 Dec 2023 11:54

LONDON MARKET MIDDAY: Stocks frosty ahead of US economic data

(Alliance News) - Investors were not in the festive spirit on Thursday, with stocks in London down, as the last load of US economic data edges closer.

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21 Dec 2023 10:08

TOP NEWS: Hipgnosis delayed results show value fall; warns of accuracy

(Alliance News) - Hipgnosis Songs Fund Ltd on Thursday released its interim results, but warned investors that some figures should be digested "with a higher degree of caution and less certainty".

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21 Dec 2023 09:43

Music royalty fund Hipgnosis reports drop in asset value

Dec 21 (Reuters) - Hipgnosis Songs Fund reported on Thursday a fall in the value of its assets, as the music royalty firm battles to secure its future following a shareholder rebellion.

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21 Dec 2023 08:59

LONDON MARKET OPEN: Santa rally fades after weak New York close

(Alliance News) - Stock prices in London lost sparkle early Thursday, after a broad-based sell-off on Wall Street.

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21 Dec 2023 07:47

LONDON BRIEFING: Hipgnosis Songs Fund delayed results show value fall

(Alliance News) - Stocks in London are expected to open lower on Thursday, in line with equity markets in Asia and New York.

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19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

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