|NB Distres Red
||RED ORD NPV
||EPS - Basic
||Market Cap (m)
|NB Distres Red Daily Update: NB Distres Red is listed in the sector of the London Stock Exchange with ticker NBDG. The last closing price for NB Distres Red was 76.25p.|
NB Distres Red has a 4 week average price of 73.96p and a 12 week average price of 72.01p.
The 1 year high share price is 76.88p while the 1 year low share price is currently 60.75p.
There are currently 0 shares in issue and the average daily traded volume is 31,405 shares. The market capitalisation of NB Distres Red is £0.
|skyship: We shared in the pain on the way down; but seem not to have shared quite as much in the gain of the recovery - neither from a share price point of view, nor from the NAV point of view. I think the NAV low was c69.5p (mid-Feb'16), now 74p.|
|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?|
|jonwig: 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: 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.|
NB Distres Red share price data is direct from the London Stock Exchange