Investment fund\u2019s shares fell as it cut the value of its music portfolio \u2013 either sell-off or break-up looms<\/p>\n
Another bum note from Hipgnosis Songs Fund<\/a>. The investment trust managed to put the decimal point in the wrong place in its much-anticipated announcement of what a new valuer thinks its catalogue of songs from acts such as Blondie, Red Hot Chili Peppers and Shakira might really be worth. It meant 92p a share, but said 0.92 pence a share. A correction followed.<\/p>\n The correction that long-term shareholders must dearly wish for is that Hipgnosis had never come to the stock market in the first place in 2018. Against a starting price of 100p, the revised net asset value looks poor, as opposed to shocking, but is only half the story.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Investment fund\u2019s shares fell as it cut the value of its music portfolio \u2013 either sell-off or break-up looms Another bum note from Hipgnosis Songs Fund. The investment trust managed to put the decimal point in the wrong place in its much-anticipated announcement of what a new valuer thinks its catalogue of songs from acts … Read more<\/a><\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-6562","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/6562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=6562"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/6562\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=6562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=6562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=6562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}