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NBDG Nb Distressed Debt Investment Fund Limited

31.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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
Nb Distressed Debt Investment Fund Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker NBDG. The last closing price for Nb Distressed Debt Inves... was 31p. Over the last year, Nb Distressed Debt Inves... shares have traded in a share price range of 30.00p to 41.00p.

Nb Distressed Debt Inves... currently has 27,821,698 shares in issue. The market capitalisation of Nb Distressed Debt Inves... is £14.47 million. Nb Distressed Debt Inves... has a price to earnings ratio (PE ratio) of 1.41.

Nb Distressed Debt Inves... Share Discussion Threads

Showing 1 to 20 of 375 messages
Chat Pages: Latest  3  2  1
DateSubjectAuthorDiscuss
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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