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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Nb Distressed Debt Investment Fund Limited | LSE:NBDG | London | Ordinary Share | GG00BNTXRB08 | RED ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 31.00 | 28.00 | 34.00 | 31.00 | 31.00 | 31.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 11.5M | 10.23M | 0.3675 | 1.41 | 14.47M |
Date | Subject | Author | Discuss |
---|---|---|---|
17/7/2015 09:36 | Yes, I think it is a question for the chairman to answer - and address! Also, they should go into more detail about why some of their individual constituent bonds seem to be dragging down their performance. I haven't looked closely, but their share price seems to have underperformed this index: | jonwig | |
17/7/2015 08:20 | jonwig - had an acknowledgement yesterday that my email has been forwarded onto the Chairman. Disappointingly volatile NAV here. It had rallied from 80.6c up to 82c a few days ago. Now back down to 80.8c again. Small moves; but I would like to see an upward trend developing... 16 Jul 2015 ----------- Net Asset Value Per Share: NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 15 Jul 2015: Extended Life Share USD 1.132800000000 Ordinary Share USD 1.214400000000 New Global Share GBP 0.807600000000 | skyship | |
13/7/2015 05:43 | I hope you get a satisfactory answer, Skyship. Or will they just reiterate their usual type of quote: In the first quarter of 2015, we continued to deploy capital in new and existing positions. We exited three positions which contributed positively to NAV. We see significant upside potential in the existing portfolio, which we expect to realise as we restructure and exit investments. At the very least, they should reduce it at the end of the investment period (31 March 2017) when the G shares go into run-off. I don't know whether that happened with the D class. I wonder: how many Greek corporate bonds did they buy? EDIT: share buybacks, once started, are a cheap way to earn fees! | jonwig | |
12/7/2015 15:11 | I've emailed the Chairman. After a brief pre-amble regarding their double-digit performance target, I made this simple suggestion: # That the annual fees be immediately reduced to 0.5%pa # That the 1% annual reduction be accrued; and only become payable to the management company once the NAV or final redemption price again exceeds par We'll see if I get a reply! | skyship | |
12/7/2015 12:34 | Management fee 1.5% of the NAV calculated as at the last business day of the relevant month, payable monthly in arrears.." This annoys me. They should be waiving or halving the fees. I'll be contacting them with that suggestion; perhaps others will do so too. | skyship | |
24/6/2015 13:40 | my retirement fund 24 Jun'15 - 12:31 - 15 of 16 0 0 (Filtered) "User successfully filtered. You will no longer be able to read his/her posts" | jonwig | |
15/6/2015 16:51 | Took a nibble | badtime | |
11/6/2015 10:45 | NBDDIF documents, inc. the NBDG prospectus: | skyship | |
10/6/2015 17:26 | Q1'15 Fact Sheet: | skyship | |
10/6/2015 08:07 | Thanks for the update(s). | skinny | |
10/6/2015 08:02 | Yes, share buybacks have now started and will support the share price Bearing in mind the fact that Asset Values are falsely depressed due to Mark-to-Market considerations, the double upside provided by both the 9% discount and the undervaluation suggests that a return to par over the course of the next 3yrs is a distinct possibility. Set up a Hi/Lo spreadsheet and the Risk/Reward looks highly attractive @ 77.5p. ==================== Transaction in Own Shares The Company announces that pursuant to the general authority granted by shareholders of the Company on 4 June 2015 to make market purchases of its own New Global ordinary share capital ("New Global Shares"), it repurchased 50,000 New Global Shares at a price of 77.25 pence per New Global Share, to be held in Treasury, on 9 June 2015. This represents approximately 0.05 per cent. of the Company's current issued New Global Shares. Following this transaction, the Company has 110,785,785 New Global Shares in issue of which 50,000 are held in treasury. | skyship | |
10/6/2015 05:47 | Skinny - the original NBDD was quite a good investment for me, so I switched to NBDG last year, which has proved to be quite a bad investment for me!! But I've added and am hanging in there: I think a rise in interest rates could force 'distressed' companies into dead ones and enable NB to realise the assets or sell the debt on to company restructurers. A key positive is that the fund will be put into run-off in under two years, and so you don't need to wait forever. At the very least, they should realise a premium to the current share price as they return capital. (Notice they've exited stuff already at a profit.) EDIT: I see they've started share buybacks of NBDG, which should at least narrow the 10% discount to NAV. | jonwig | |
09/6/2015 14:54 | . NBDG NAV Premium / Discount Movement. Having only just seen these, what is your take on this family Jonwig. | skinny | |
09/6/2015 13:06 | They announce it every day (M-F) at 6 pm. See header. | jonwig | |
09/6/2015 12:31 | I wonder what the NAV is here? | my retirement fund | |
30/5/2015 07:30 | NBDD is doing the roc, maybe NBDX as well. NBDG has done nothing ... in every sense! It's confused by the fact that they issue all RNSs under the ticker "NBDD", instead of having three separate companies. | jonwig | |
30/5/2015 07:18 | Has this share NBDG supposed to have received a return via a buy back by now? or was that some other share linked to the fund? | my retirement fund | |
09/2/2015 07:09 | Portfolio update, nothing to say about their "problem" investment: | jonwig | |
23/3/2014 19:51 | 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. | jonwig | |
04/3/2014 12:33 | 110,785,785 shares issued at 100p today. Similar proposition to NBDD and NBDX, but looking to exploit distressed dept outside USA - mainly Eurozone, I believe. | jonwig |
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