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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 GG00BDFZ6D54 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% 78.50p 78.00p 79.00p 78.50p 78.50p 78.50p 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Nb Distressed Debt Inves... Share Discussion Threads

Showing 26 to 49 of 375 messages
Chat Pages: Latest  3  2  1
DateSubjectAuthorDiscuss
14/10/2015
12:45
Can buy at 69.3 currently
badtime
03/10/2015
17:17
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
08:00
Waiting and watching.
my retirement fund
29/9/2015
20:03
Watching and waiting
badtime
29/9/2015
14:23
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
08:01
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
18:18
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
07:24
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
10:03
Lol !! I stand corrected.
eeza
16/9/2015
10:01
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
09:48
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
09:37
NAV slightly better @ 81.22p, further emphasizing the disconnect with the share price @ a mere 71.25p!
skyship
27/8/2015
07:29
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
18:03
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
07:51
Hi BT - which email?
skyship
05/8/2015
19:50
Any answer to that email Sky
badtime
05/8/2015
18:12
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
18:30
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
17/7/2015
10:36
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: Http://www.barclayhedge.com/research/indices/ghs/Distressed_Securities_Index.html
jonwig
17/7/2015
09:20
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
06:43
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
16:11
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
13:34
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
14:40
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
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