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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
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Ask: 101.20
Change: 0.00 (0.00%)
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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
19 Dec 2023 14:51

UPDATE: Hipgnosis Songs Fund adviser still "constructive" amid dispute

(Alliance News) - Hipgnosis Songs Fund Ltd, which was due to release its half-year results on Tuesday, announced they will be delayed until the end of the year, amid a discrepancies between an independent valuation of its intellectual property assets and its manager's own view.

Read more
19 Dec 2023 11:49

LONDON MARKET MIDDAY: FTSE 100 flat; Eurozone inflation cools to 2.4%

(Alliance News) - Stock prices in London were mixed at midday Tuesday, despite news that the eurozone's inflation is edging closer to its 2% target.

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19 Dec 2023 09:09

Hipgnosis Songs Fund delays results amid dispute over asset values

(Alliance News) - Hipgnosis Songs Fund Ltd, which was due to release its half-year results on Tuesday, announced they will be delayed until the end of the year, amid a discrepancies between an independent valuation of its intellectual property assets and its manager's own view.

Read more
19 Dec 2023 08:47

LONDON MARKET OPEN: Stocks rise as investors pin hopes on US rate cuts

(Alliance News) - Stock prices in London opened higher on Tuesday, with sentiment still buoyed by expectations of rate cuts in the US.

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19 Dec 2023 07:36

LONDON BRIEFING: Superdry annual profit to be hit by weak trading

(Alliance News) - Stocks in London are likely to open flat on Tuesdays, as investors shake off hawkish comments from the US Federal Reserve, but fail to find positive catalysts.

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15 Dec 2023 12:23

IN BRIEF: Hipgnosis Songs Fund adds Harwood founder Mills to board

Hipgnosis Songs Fund Ltd - London-based music intellectual property rights investor - Hires Christopher Mills, the founder of Harwood Capital Management and co-founder JO Hambro Capital Management, as an independent non-executive director, starting Friday. Mills currently is chief executive officer and investment manager of North Atlantic Smaller Cos Investment Trust PLC, and is on the boards of MJ Gleeson PLC, AssetCo PLC, and Oryx International Growth Fund Ltd. Mills holds no shares in Hipgnosis.

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12 Dec 2023 15:51

UK earnings, trading statements calendar - next 7 days

Wednesday 13 December 
Cohort PLCHalf Year Results
Thursday 14 December 
Balfour Beatty PLCTrading Statement
Bunzl PLCTrading Statement
C4X Discovery Holdings PLCFull Year Results
Capita PLCTrading Statement
Currys PLCFull Year Results
Driver Group PLCFull Year Results
Gore Street Energy Storage Fund PLCHalf Year Results
IntegraFin Holdings PLCFull Year Results
Serco Group PLCTrading Statement
SThree PLCTrading Statement
Tharisa PLCFull Year Results
Friday 15 December 
Redx Pharma PLCFull Year Results
Monday 18 December 
Braemar PLCTrading Statement
Hollywood Bowl Group PLCFull Year Results
RUA Life Sciences PLCHalf Year Results
Tuesday 19 December 
Artemis Alpha Trust PLCHalf Year Results
De La Rue PLCHalf Year Results
Ecofin Global Utilities & Infrastructure Trust PLCFull Year Results
Goodwin PLCHalf Year Results
Hipgnosis Songs Fund LtdHalf Year Results
Majedie Investments PLCFull Year Results
Migo Opportunities Trust PLCHalf Year Results
Nanoco Group PLCTrading Statement
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
11 Dec 2023 09:04

Hipgnosis seals USD23 million sale of 20,000 songs to trim debt

(Alliance News) - Hipgnosis Songs Fund PLC on Monday said it completed the sale of a batch of around 20,000 "non-core" songs to pay down debt and provide "greater headroom".

Read more
11 Dec 2023 07:41

LONDON BRIEFING: GSK drug gets EU endorsement; Begbies backs outlook

(Alliance News) - London's FTSE 100 is called to open a touch lower on Monday, kicking off the week with some slight trepidation after Friday's hotter-than-expected US jobs report which offered the dollar some respite.

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20 Nov 2023 10:54

IN BRIEF: Hipgnosis Songs Fund new chair, other directors buy shares

Hipgnosis Songs Fund Ltd - London-based investor in music royalty rights - Directors, including Chair Rob Naylor, buy 327,000 shares on Thursday last week. The purchases are made at prices ranging from 73.29 pence to 73.56p and are worth about GBP240,224 in total. Naylor joined as chair at the start of November. He is chief executive of Intuitive Investments PLC and had been a director of Hipgnosis peer Round Hill Music Royalty Fund Ltd. Naylor's arrival followed a profit warning by Hipgnosis and a decision to skip dividend payments. This in turn followed Hipgnosis shareholders rejecting a deal to sell music catalogues to a company controlled by its investment manager.

Read more
7 Nov 2023 10:10

Hipgnosis appoints Robert Naylor as chairman

(Sharecast News) - Music rights owner Hipgnosis said on Tuesday that it has appointed Robert Naylor as chairman of the board with immediate effect, replacing Andrew Sutch.

Read more
7 Nov 2023 09:48

Hipgnosis Songs Fund welcomes Intuitive Investments CEO as new chair

(Alliance News) - Hipgnosis Songs Fund Ltd on Tuesday said it has hired Intuitive Investments PLC Chief Executive Officer Robert Naylor as chair, with immediate effect.

Read more
6 Nov 2023 16:45

London close: Stocks mixed, Ryanair leads low-cost airlines higher

(Sharecast News) - London's stock markets finished mixed on Monday, with low-cost airlines in focus as investors cheered Ryanair's latest figures.

Read more
6 Nov 2023 11:00

Hipgnosis Songs Fund pauses dividend payment until next financial year

(Alliance News) - Hipgnosis Songs Fund Ltd on Monday said it does not expect to declare any dividends before the new financial year.

Read more
6 Nov 2023 08:54

LONDON MARKET OPEN: Stocks mixed as equities take pause for breath

(Alliance News) - European equities edged higher early Monday, though gains were muted as investors digested last week's major data and central bank updates.

Read more

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