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Share Name Share Symbol Market Type Share ISIN Share Description
NB Distres Red LSE:NBDG London Ordinary Share GG00BG0QZQ04 RED ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 84.00p 83.50p 84.50p 84.00p 84.00p 84.00p 12,011 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

NB Distres Red Share Discussion Threads

Showing 26 to 49 of 350 messages
Chat Pages: Latest  2  1
DateSubjectAuthorDiscuss
20/11/2015
07:52
20 November 2015 NB Distressed Debt Investment Fund Limited 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 100,000 New Global Shares at a price of 70.5 pence per New Global Share, to be held in Treasury, on 19 November 2015.
skyship
11/11/2015
07:47
11 November 2015 NB Distressed Debt Investment Fund Limited 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 70,000 New Global Shares at a price of 70 pence per New Global Share, to be held in Treasury, on 10 November 2015.
skyship
09/11/2015
08:59
So, today's RNS states that another buyback secured only 35,000 shares at the higher price of 70p. So it would seem that the tap has exhausted and the Company is finally prepared to pay a little more to get hold of stock: ===================================================================== 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") and of its own Extended Life ordinary share capital ("Extended Life Shares"), it repurchased 35,000 New Global Shares at a price of 70 pence per New Global Share, to be held in Treasury, on 6 November 2015.
skyship
03/11/2015
09:15
NAV down to 79.08p; but the share price has risen a tad - now at 69.25p bid. Has the tap finally finished perhaps. We will see at the next share buyback no doubt.
skyship
14/10/2015
13:12
Tilts - glad we agree on this; and hopefully you may have something to report after that meeting...
skyship
14/10/2015
12:32
Been the same for the past 2-3 weeks. My last top-up was done at that price. The shop continues to buy-in at the rate of 100k/day. Don't know why they just don't take out the seller in one chunk. They must know who it is, so this remorseless buy-in seems rather stupid and the shares continue to trade at a 13.6% NAV discount versus the DCM target of just 5%!
skyship
14/10/2015
11:45
Can buy at 69.3 currently
badtime
03/10/2015
16:17
Bearing in mind this para extract from the last Qtly P’folio Review (see below), we might have expected the NAV to have risen to reflect the weaker £ over the last Qtr. Unfortunately any rise has been cancelled out by further Mark-to-Market falls due to weakness in the debt market. The BofA Merrill Lynch US High Yield Master II Effective Yield index rose from a 6% Yield to 8% over the last Qtr. I suppose it shows the degree of price recovery possible when we switch into realisation mode. ============================================================================== “NBDG’s NAV per share decreased 7.3% in the second quarter of 2015, to GBP 81.25 from GBP 87.66 per share. We want to highlight as stated in the NBDG prospectus, NBDG is a Pound Sterling denominated fund and there is no currency hedging for NBDG. This is the first quarter that foreign exchange volatility was significant and over 50% of the decline in NAV was due to changes in foreign exchange rates in the quarter. We believe that performance comparison versus other distressed managers is indicated by the HFRI Distressed/Restructuring Index2 which declined 0.3% in the quarter.”
skyship
30/9/2015
07:00
Waiting and watching.
my retirement fund
29/9/2015
19:03
Watching and waiting
badtime
29/9/2015
13:23
Last time the NAV was at this level was over 3months ago - back on 17th June! At that time the Company was making buybacks at 77p. MRF - re chart, not much history and only a one-way play since launch. Certainly no signs of any base building yet; however it is interesting to look at the RSI – don’t think I’ve ever seen such an oversold situation! free stock charts from uk.advfn.com
skyship
29/9/2015
07:01
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?
my retirement fund
28/9/2015
17:18
Now that's more like it. At the 70p offer price the NAV discount is now 14.9%! 28 Sep 2015 - Net Asset Value Per Share NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 25 Sep 2015: Extended Life Share USD 1.1177 Ordinary Share USD 1.2155 New Global Share GBP 0.8222
skyship
18/9/2015
06:24
Finally the Company kicks in with a buyback again. Meant to be a 5% Discount Mechanism, but the discount is now at 11%. They should be telling us why the buybacks were suspended. Perhaps they just knew of a seller and were prepared to let them sell down in the Market rather than help them out! ============================================================== 18 September 2015 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") and of its own Extended Life ordinary share capital ("Extended Life Shares"), it repurchased 100,000 New Global Shares at a price of 70.50 pence per New Global Share, to be held in Treasury, on 17 September 2015. The Company also repurchased 196,000 Extended Life Shares at a price of $1.018 per Extended Life Share, to be cancelled, on 17 September 2015. This represents approximately 0.09 per cent of the Company's current issued New Global Shares and approximately 0.06 per cent. of the Company's current issued Extended Life Shares.
skyship
16/9/2015
09:03
Lol !! I stand corrected.
eeza
16/9/2015
09:01
It's published daily so his comment is 'real time'. NAV is mark to market so potentially higher on corporate activity. Agreed disappointing longer term.
jonwig
16/9/2015
08:48
NAV slightly better @ 81.22p ?? NBDG's NAV per share decreased 7.3% in the second quarter of 2015, to GBP 81.25
eeza
16/9/2015
08:37
NAV slightly better @ 81.22p, further emphasizing the disconnect with the share price @ a mere 71.25p!
skyship
27/8/2015
06:29
Relevant extract from today's NBDD Interims: New Global Share Class Portfolio ("NBDG") Summary We remain satisfied with the portfolio's performance to date. Despite a challenging environment in the distressed markets, we continue to seek attractive debt backed by hard assets and actively manage restructurings in the portfolio. We continue to see significant upside potential in the existing portfolio, which we expect to realise as we restructure and exit investments. Portfolio Update all as per Post No.27 above...
skyship
18/8/2015
17:03
Portfolio As at 30 June 2015, we had deployed approximately 86.2% of NBDG's capital. NBDG had investments in 28 names across 12 industries. The largest sector concentrations were in lodging & casinos, utilities, oil & gas and shipping. In the second quarter we added a new position in the oil & gas sector. We also added incremental exposure to existing names in the shipping, oil & gas, power, casino and industrial sectors. NBDG's NAV per share decreased 7.3% in the second quarter of 2015, to GBP 81.25 from GBP 87.66 per share. We want to highlight as stated in the NBDG prospectus, NBDG is a Pound Sterling denominated fund and there is no currency hedging for NBDG. This is the first quarter that foreign exchange volatility was significant and over 50% of the decline in NAV was due to changes in foreign exchange rates in the quarter. We believe that performance comparison versus other distressed managers is indicated by the HFRI Distressed/Restructuring Index(1) which declined 0.3% in the quarter. Performance in the distressed debt market during the second quarter was challenging from a mark-to-market perspective. For example, the Credit Suisse and BAML distressed high yield indices (2, 3) declined 9.9% and 3.7%, respectively, during the second quarter. In our experience, times of market volatility and reduced liquidity can result in wider bid/ask spreads and mark-to-market declines. We believe this dynamic has been intensified by a reduction in capital dedicated to market making activities by investment banks as a result of regulations brought in after the financial crisis. Despite the mark-to-market volatility, we continue to actively manage the restructurings in our portfolio in order to generate profitable realisations through significant events (asset sale, legal outcome, foreclosure, etc.). We remain positive about the investments in the portfolio and expect to generate significant returns from current marks.
skyship
06/8/2015
06:51
Hi BT - which email?
skyship
05/8/2015
18:50
Any answer to that email Sky
badtime
05/8/2015
17:12
Has to be considered a positive, Witan increases holding from 23.8m to 25.1m (5.12%) http://uk.advfn.com/news/UKREG/2015/article/68038397
skyship
21/7/2015
17:30
Hmm - a big finger calculation yesterday (NAV = 80.37p) or today (NAV = 81.55p). A rise of 1.47% in a day seems a tad unlikely - though we may have had the sale of a portfolio holding I suppose...
skyship
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