Nb Distressed Debt Inves... Share Discussion Threads

[tiltonboy] 01/7/2016 09:15

It will be interesting to see the mandate Stifel have been given in regards to buy-backs, while they are in the "close" period.

I bet it's something ridiculous like 20k per day!

They should be buying everything they can get their hands on at these levels!

[skyship] 01/7/2016 08:29

Still on offer @ 62.6p, so made a small/last top-up. The discount versus that $accelerated NAV of 78.55p = 20.3%!

[skyship] 30/6/2016 18:09

30 Jun 2016

Net Asset Value Per Share

NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 29 Jun 2016:

Extended Life Share USD 0.9855
Ordinary Share USD 1.1409
New Global Share GBP 0.7855

[skyship] 30/6/2016 18:07

Hmm - normally would be very happy with three large director buys; however, I believe on this occasion that the directors are feathering their own nests with stock that should have been bought-in for the benefit of all shareholders.

[tiltonboy] 30/6/2016 15:29

Missed the director buy when I posted!

[tiltonboy] 30/6/2016 15:15

I'm not certain that they have been buying...but I did prod again today. I picked up a couple of 50k lots, and hope there will be some follow through, as there was an institutional presentation of four funds at Stifel this morning.

[skyship] 30/6/2016 13:50

Looks as though the Shop may be buying a few today - competing with Tilts perhaps - and perhaps prodded by Tilts...

[tiltonboy] 29/6/2016 21:41

Picked up a few today below 61p.

Vented my frustration to the Broker this morning, who promised to relay it to the board.

[skyship] 29/6/2016 20:49

29 Jun 2016

Net Asset Value Per Share

NB Distressed Debt Investment Fund Limited announces
the following unaudited, estimated net asset values
per share as at 28 Jun 2016:

Extended Life Share USD 0.9700
Ordinary Share USD 1.1395
New Global Share GBP 0.7807

[jimcar] 29/6/2016 19:04

Is the decline in the shareprice likely to be due to the expectation that interest rates will stay lower for longer? Can't work out what drives the price here

[badtime] 28/6/2016 21:50

Or ACD? Hmmmm

[badtime] 28/6/2016 21:48

Hmm...time for a nibble maybe

[tiltonboy] 28/6/2016 19:40

I will be on to the brokers tomorrow, if they are not buying back at this discount.

[skyship] 28/6/2016 18:46

28 Jun 2016

Net Asset Value Per Share

NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 27 Jun 2016:

Extended Life Share USD 0.9653
Ordinary Share USD 1.1374
New Global Share GBP 0.7839

[courant] 28/6/2016 08:48

The May DWCG quarterly is a good read re conditions in distressed debt markets:

hxxp://www.dwcatalystltd.com/reporting/quarterly-newsletter/

[skyship] 28/6/2016 07:23

Understand that it's currency, so this evening's declaration for yesterday, 27th June, likely to be North of 77p. At the offer price of 62.5p the discount = more than 18%!

Surely time for NBDG to stop meddling around in 5k & 10k buybacks...

[tiltonboy] 27/6/2016 22:35

SKYSHIP,

Very much doubt it. Currency is the reason for the rise in NAV, and we knew about that anyway.

Slightly off-topic, but I met ACD today, and they are convinced on distressed debt.

[skyship] 27/6/2016 18:16

Well, that is certainly an interesting post-Brexit asset revaluation. Might we see some BLUE here tomorrow?
============================

27 Jun 2016

Net Asset Value Per Share

NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 24 Jun 2016:

Extended Life Share USD 0.9680
Ordinary Share USD 1.1384
New Global Share GBP 0.7668

[skyship] 15/6/2016 19:05

NAV hits 75p again:
==================

15 Jun 2016

Net Asset Value Per Share

NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 14 Jun 2016:

Extended Life Share USD 0.9753
Ordinary Share USD 1.1415
New Global Share GBP 0.7507

[skyship] 12/6/2016 12:53

Courant - was there any more to that article? If so, could you possibly post...

[skyship] 12/6/2016 07:48

Director Michael Holmberg buys 50k @ 65.25p (this as the NAV rises a tad to 74.35p):

[skyship] 10/6/2016 13:53

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.

[courant] 10/6/2016 08:29

Interesting article in the ft a couple of days ago:



"Rebound in distressed debt boosts investors

In the wake of two straight years of 20 per cent plus losses, this highly volatile style of investing has rebounded strongly, with gains between March and May approaching 30 per cent, the best three-month stretch since the US emerged from recession in July 2009."

[skyship] 25/5/2016 07:21

NAV drifted back to below 72p last week; but now jumps above 74p. At the offer price of 65p the discount is 12.1%:

24 May 2016

Net Asset Value Per Share

NB Distressed Debt Investment Fund Limited announces the following unaudited, estimated net asset values per share as at 23 May 2016:

Extended Life Share USD 0.9843
Ordinary Share USD 1.1548
New Global Share GBP 0.7408