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NBDD Nb Distressed Debt Investment Fund Limited

0.62
0.00 (0.00%)
17 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nb Distressed Debt Investment Fund Limited LSE:NBDD London Ordinary Share GG00BDFZ6F78 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.62 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.57 0.67 0.62 0.62 0.62
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 11.5M 10.23M 0.0960 5.42 55.39M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.62 USD

Nb Distressed Debt Inves... (NBDD) Latest News (1)

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Date Time Title Posts
09/8/201709:08:::::::: NB Distressed Debt Investment Fund Ltd ::::::::35

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Posted at 17/4/2024 09:20 by Nb Distressed Debt Inves... Daily Update
Nb Distressed Debt Investment Fund Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker NBDD. The last closing price for Nb Distressed Debt Inves... was US$0.62.
Nb Distressed Debt Inves... currently has 106,522,397 shares in issue. The market capitalisation of Nb Distressed Debt Inves... is £55,391,646.
Nb Distressed Debt Inves... has a price to earnings ratio (PE ratio) of 5.42.
This morning NBDD shares opened at US$0.62
Posted at 09/8/2017 09:08 by skyship
After another long pause, NBDD has once again started to make a few NBDG buybacks. 2x20k @ 78.5p last week; followed by 40k @ 78.5p yesterday.

Obviously the right thing to do as at 78.5p the discount is 16.6% to the 7th Aug'17 NAV of 94.11p...
Posted at 13/2/2017 07:37 by skyship
First buyback for quite some time:
=================================

13 February 2017

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 24 August 2016 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 79.90 pence per New Global Share, to be held in Treasury, on 10 February 2017. This represents approximately 0.045 per cent of the Company's current issued New Global Shares.
Posted at 28/1/2014 18:40 by jonwig
New global share class announced. Minimum subscription £25,000. A bit steep!
Posted at 29/12/2013 17:57 by jonwig
Europe is ripe for a surge of leveraged buyout restructurings as banks sell their worst-performing loans to "distress investors" eager to take over the borrowers.



NBDD have already announced a new share class to target this.
Posted at 21/2/2013 07:49 by jonwig
Portfolio update - further investment extension which looks promising:

The Board of NBDDIF, after discussions with the Investment Manager, believes that opportunities in the distressed market remain compelling and that an extension to the investment period should enable the company to access attractive investment opportunities after the current investment period expires. On 23 January 2013, the Board announced, following consultation with its major shareholders, its intention to propose an extension to the company's investment period (the "Proposed Extension".) The existing investment period is due to expire in June 2013 and it is intended that a proposal be made to ordinary shareholders in the company ("Shareholders") to extend the investment period by 21 months to 31 March 2015. Those investors who wish to remain invested on the basis of the current investment period will be given the opportunity to do so. Having consulted with its major shareholders, the Board is confident that a majority of the Shareholders will support the Proposed Extension. It is intended that the share class subject to the extended investment period will be subject to a new capital return policy, new discount policy and increased preferred return. For further information on these and other aspects on the Proposed Extension, please see the company's release of January 23rd 2013.

Further details of the proposal will be provided in a prospectus and circular to Shareholders expected to be issued in March 2013, with a class meeting of Shareholders expected to be held in April 2013.
Posted at 23/1/2013 14:23 by jonwig
OK, good stuff ... maybe!

Key bit, I think:

The existing investment period is due to expire in June 2013 and it is intended that a proposal be made to ordinary shareholders in the Company ("Shareholders") to extend the investment period by 21 months to 31 March 2015. It is intended that a new share class will be introduced with one class remaining subject to the current investment period and the other being subject to the extended investment period. Those investors who wish to remain invested on the basis of the current investment period will, therefore be given the opportunity to do so. The Board can confirm that no further extensions to the investment period will be proposed to shareholders in the future.

This suggests to me that the new shares will be different "C shares?" and that existing holders will be able to participate - ie. open offer or something. Will that exclude ordinary PIs? (It has happened - a minimum subs level.)

Anyway, existing holders won't be diluted, seems to be the reading.
Posted at 31/3/2012 16:40 by jonwig
SKYSHIP - well, I was lucky, I suppose ... but NBDD aren't actually doing what they say they'll do - like pay most of income out in divis: we haven't had one yet. (Expenses seem to exceed interest income.)

Also, the NAV should be making more progress with the increased confidence in the US economy. (Hence my weekly record.)

FY results due in a couple of weeks - will probably wait until then before holding or exiting.
Nb Distressed Debt Inves... share price data is direct from the London Stock Exchange

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