Professional
Added to YB: 2024-03-27
Pitch date: 2024-03-27
SONG.L [bullish]
Hipgnosis Songs Fund Limited
+62.62%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Hipgnosis Songs Fund Limited is a closed-ended fund launched and managed by The Family (Music) Limited.
Market Cap
GBP 1.6B
Pitch Price
GBP 0.63
Price Target
N/A
Dividend
N/A
EV/EBITDA
60.74
P/E
-11.94
EV/Sales
17.14
Sector
Capital Markets
Category
N/A
Guest Pitch: Hipgnosis Songs Fund (SONG:L)
SONG:L: £0.60. Hipgnosis Songs Fund, music rights owner. Strategic review after shareholder rebellion. New valuation £0.85-£0.90/share. Likely sale to Blackstone/HSC or third party. Recent music deals at 16-17x EBITDA. 40% upside potential. Risks: litigation, complex deal structure. Catalyst: proposals expected by April 2024. Strong shareholder pressure for value realization.
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