|NB Distres Red
||RED ORD NPV
||EPS - Basic
||Market Cap (m)
NB Distres Red Share Discussion Threads
Showing 201 to 222 of 225 messages
|Added 5k myself, but had to place a limit order - not much free stock about.|
|Sterling strength will probably knock it back a little tomorrow.
Yes, latest figure of 93.42p but considering still possible to buy around 79.6p this morning continues to be an interesting buy.|
|...and only just over four months until harvest!|
|Yikes....thought that 95p must have been a typo for the 93p I posted earlier in the day; but no - 95p and change it is. As you say; must have been some good portfolio news.
I admit now I sold a few just ahead or after the US presidential elections - 77p I think it was. So missed the divi, then bought them back at 78.3p. Pleased to be back up to a 14% allocation.|
|Must be some portfolio news to take the NAV up to 95p. Sterling strength will probably knock it back a little tomorrow.|
|NAV marches on - now at 93p
18 Nov 2016 - Net Asset Value Per Share
NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 17 Nov 2016:
Extended Life Share USD 1.0032
Ordinary Share USD 1.0452
New Global Share GBP 0.9303|
|Any ideas on how this might be affected by higher inflation in the US?|
|XD 1.02p today|
|carcosa - thnx for reminding me of that - yes, P67 says it all for hosede...|
|Hosede, also see page 67 onwards: hxxp://www.nbddif.com/pdf/NBDDIF-Global-Share-Prospectus-2014.pdf|
|Hosede - These links should answer your questions:
But if debt is secured - on assets of some sort - how is it distressed. I assumed the distressed debt was bought at huge discounts from lenders who wanted to "crystallise their losses.|
|Tilts - "If they really think they can get 20% returns on the portfolio I will be well happy."
Absolutely. Surely a no risk return of 17%+ from their own stock has to be a no brainer compared to new investments. But as you say, 20%+ from elsewhere most acceptable if less than a 3yr timescale.|
|hosede - with secured debt a company failure can perversely be an advantage as you secure 100% return of capital in advance of maturity. I understand their portfolio to be of private offerings, not listed. The values naturally increase toward redemption, cancelling out the Mark-to-Market discounts.
Tilts - anything to add/correct?|
|Of course they will be fully invested by Q1 2017, even though the best investment should be their own shares. If they really think they can get 20% returns on the portfolio I will be well happy.
I have a few questions to ask them next week.|
|Qtly portfolio update out today. Not much in there really; though they say still at 14.6% CASH, though hoping to be fully invested by end Mar'17 for the start of the Harvesting Period. I hope they fail that particular objective!
|1.02p certainly isn't a lot; but useful nevertheless:
28 October 2016
NB Distressed Debt Investment Fund Limited - Income Distribution
The Board of the Company is pleased to announce an income distribution by way of a dividend of $0.0793 per Ordinary Share, $0.0332 per Extended Life Share and GBP0.0102 per New Global Share (collectively the "Share Classes") to be payable on 20 December 2016 to shareholders on the register of the Share Classes as at the close of business on 11 November 2016.
The Board has declared the dividends in accordance with the Company's distribution policy, as set out in the Company's Prospectuses for each applicable Share Class and the Articles of Incorporation, which requires that all income from the Company's Share Classes be distributed after deducting reasonable expenses, subject to the solvency test prescribed by Guernsey law. The exact amount and timing of any future income distributions may vary depending on the amounts of income received by the Company less relevant expenses.
The dividend timetable is set out below:
Ex-dividend date 10 November 2016
Dividend record date 11 November 2016
Dividend payment date 20 December 2016|
|I wasn't expecting any cash dividends!|
|Onward & upward:
26 Oct 2016
Net Asset Value Per Share
NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 25 Oct 2016:
Extended Life Share USD 1.0380
Ordinary Share USD 1.1382
New Global Share GBP 0.9375|
|$Sterling bounced a bit; but happily the NAV rose:
21 Oct 2016
Net Asset Value Per Share
NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 20 Oct 2016:
Extended Life Share USD 1.0407
Ordinary Share USD 1.1476
New Global Share GBP 0.9267|
|Bought a few lots today!|
|Still a buyer Tilts?|