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NBDG Nb Distressed Debt Investment Fund Limited

31.00
0.00 (0.00%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Nb Distressed Debt Inves... Investors - NBDG

Nb Distressed Debt Inves... Investors - NBDG

Share Name Share Symbol Market Stock Type
Nb Distressed Debt Investment Fund Limited NBDG London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 31.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
31.00 31.00 31.00 31.00 31.00
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Posted at 06/9/2016 11:10 by courant
Interesting read: hxxps://www.bondvigilantes.com/blog/2016/09/06/mind-gap-record-low-recovery-rates-mean-high-yield-investors/
Posted at 01/9/2016 16:27 by eeza
50k at 72p - buyback for investors, or management?
Posted at 10/6/2016 08:29 by courant
Interesting article in the ft a couple of days ago:



"Rebound in distressed debt boosts investors

In the wake of two straight years of 20 per cent plus losses, this highly volatile style of investing has rebounded strongly, with gains between March and May approaching 30 per cent, the best three-month stretch since the US emerged from recession in July 2009."
Posted at 15/12/2015 15:16 by courant
Well, I've just bought a small amount of NBDG today (broker was initially being stupid!). The key risk here appears to be if the managers assumptions about final valuations are blown out of the water by economic conditions (e.g. extremely low oil prices) - in the meantime, the falling mark-to-market valuations serve to boost investor returns from this level. I expect volatility (these are in my SIPP so happy to ride this out!) but the discount and low prices serves to limit ultimate downside risk here.

I like tanking sectors and the smell of fear in the markets!
Posted at 15/12/2015 14:46 by skyship
There are currently a considerable number of articles on the problems in the debt markets. IMO the inference from these articles is that no matter which section of the debt market you look at, the overall move is to falling prices, higher yields, increasing spreads. With the mark-to-market requirements, fund prices will fall and opportunities will appear.

ACD, CIFU, DREF, NBDD, NBDG, VTA etc have already fallen and may be nearing attractive buy levels.

Courant - unfortunately I held a high allocation higher up (avge 73.5p). Sold 2/3rds as it dropped through 70p for the 2nd time; now looking to buy those back. Too soon? Perhaps - no idea really; but the 10% discount provides a cushion!
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Chaos in the debt markets as Third Avenue liquidates:



Could be opportunities for cheap stock soon - as GS suggest:
Posted at 29/9/2015 08:01 by my retirement fund
Surely any buy backs will push NAV. However an ever increasing discount to NAV is not a good sign for investors.Its not as if the share price has been treading water. Relatively speaking its fallen off a cliff.Have you tried doing a chart analysis sky?
Posted at 23/3/2014 19:51 by jonwig
Debt investors are abandoning normal creditor protections on European leveraged buyout loans as they snap up riskier securities at a faster rate and in greater proportions than at the peak of the credit bubble.

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