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| Announcement Date | Type | Currency | Amount | Ex-Dividend Date | Record Date | Payment | |
|---|---|---|---|---|---|---|---|
| 26/8/2022 | Dividend income or Cash Dividend | GBP | 0.025 | 08/9/2022 | 09/9/2022 | 07/10/2022 | |
| 22/6/2022 | Dividend income or Cash Dividend | GBP | 0.033 | 30/6/2022 | 01/7/2022 | 15/7/2022 |
| Top Posts |
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Posted at 14/2/2020 12:12 by skyship 25% CASH, so casting around for VALUE my eyes alighted again on the liquidating NBDG!I saw that the NAV unaccountably jumped 3.3% on the 11th February – from 81.82p to 84.56p; then on to 85.02p on the 12th. The 4th Feb. Qtly Update (for Q4’19) states “The investment manager’s current expectation is to distribute 80%-85% of 31st Dec’19 NAV in 2020 and the remainder in 2021.” – see link below. With the offer price of 69.1p the NAV discount = 18.73%. It's easy to do the numbers for the possible return, making quite conservative assumptions: # Achieve 80p on an average date of end Dec'20: 18.1% # Achieve 77.5p on an average date of end Dec'20: 14.0% # Achieve 75p on an average date of end Dec'20: 9.8% I know the investment management of NBDD has been pretty disastrous; and if NB Partners had any honour they would waive their 1.5% management fee hereon in. That won’t happen of course; but in any event at this low level I’m prepared to make a small allocation. |
Posted at 12/8/2019 07:15 by skyship Another Capital Distribution; but very small and very late. Seems as though they are way behind stated timelines; whilst at the same time the NAV keeps falling whereas the $ keeps rising!Sold out of these at 78.25p a few weeks ago. NBDG The Company has resolved to make a capital distribution totalling (before expenses) GBP2.5 million to NBDG shareholders (equivalent to approximately GBP0.0332 per NBDG share) by way of a compulsory partial redemption of NBDG shares at a price equal to GBP0.8800 per NBDG share (being the last published NAV per NBDG share prior to this announcement). The amount applied to the partial redemption of NBDG shares will be after the deduction of costs and expenses of this partial redemption, expected to be approximately GBP6,500. |
Posted at 18/4/2019 09:45 by redhill9 It seems you're right! That must be a recent change by HL as they blocked online dealing in NBDG about a year or more ago and I'm sure that was still the situation a couple of weeks ago. |
Posted at 03/8/2018 14:22 by redhill9 Thanks Skyship for clarification. It was still only 50k shares at 89p so I'd still contend that the one buyback in the current year has no relevance to the recent share price gains.tiltonboy, agreed re prospect of GRV of 126p being a tough ask, and also the fortuitous impact of currency movements, but being realistic wouldn't anything over, say, 105p from here be very acceptable? Again I'd emphasise I'm ignoring the longer history and performance of NBDG (as that was before my investment in the share) and just looking at what I paid, where we are now, and what might (reasonably) be achievable. |
Posted at 19/7/2018 15:30 by redhill9 Skyship, where do you see buy backs reported at 90p? From the website announcements I can only identify that they bought back 50k on 9 July at 89p, and I can't see they've bought back any other NBDG shares this year, so I doubt that is the reason for the share price rise.NAV up another smidge yesterday to 102.36p, quite possibly currency driven but an increase is an increase when you're investment is Sterling based. |
Posted at 22/6/2018 15:21 by redhill9 Thanks tiltonboy, I can understand that perspective.Agree your point about 15 months into the harvest period with little apparent movement as I'd expected things to start happening almost immediately afterwards. However didn't NBDG recently reaffirm the proposed timescale for distributions, suggesting they still think it's realistic (unless of course they're deluding themselves as well as us)? I was fortunate enough to first encounter NBDG when the share price was in the low 70s in August 2016 and have had a gentle ride upwards since then so that may explain if I'm perhaps taking a more benevolent view of the situation than anyone who has followed the management longer term. If you and Skyship are both now sceptical then I consider that a warning to note. |
Posted at 11/5/2018 11:09 by redhill9 The RNS continues with information on relevent dates, so 7.48% of shares held at 25 May cancelled at 94.67p per share, payable by 12 June:The redemption of the NBDD, NBDX and NBDG shares (the "Redemptions") will be applied pro rata to holdings of NBDD, NBDX and NBDG shares on the NBDD, NBDX and NBDG registers at the close of business on 25 May 2018 (the "Redemption Date"), being the record date for the Redemptions. Approximately 12.42 per cent. of the NBDD issued share capital, approximately 8.76 per cent. of the NBDX issued share capital and approximately 7.48 per cent. of the NBDG issued share capital will be redeemed on the Redemption Date. Fractions of shares produced by the NBDD or NBDX or NBDG Redemption Ratio will not be redeemed and so the number of shares of the relevant class to be redeemed from each shareholder will be rounded down to the nearest whole number of shares. Payments of redemption monies are expected to be effected either through CREST (in the case of shares held in uncertificated form) or by cheque (in the case of shares held in certificated form) by 12 June 2018. |
Posted at 11/5/2018 07:51 by skyship NBDG was created in March 2014 in order to capture the growing opportunity in distressed debt globally. Its investment period ended on 31 March 2017, following which the harvest period commenced and the investment manager is currently working to restructure, reorganise, and realise exits for each investment to maximise the value of the portfolio for shareholders.The Company has resolved to make the first capital distribution for NBDG by returning a total of GBP7 million (before expenses) to NBDG shareholders (equivalent to approximately GBP0.0709 per NBDG share) by way of a compulsory partial redemption of NBDG shares at a price equal to GBP0.9467 per NBDG share (being the last published NAV per NBDG share prior to this announcement). The amount applied to the partial redemption of NBDG shares will be after the deduction of costs and expenses of this partial redemption, expected to be approximately GBP6,500. ==================== The investment manager currently expects to distribute 50-55% of remaining NAV to shareholders in 2018, 35-40% in 2019, and the remainder in 2020. It will review and, where appropriate, update these ranges and expectations in the quarterly factsheets. |
Posted at 24/1/2018 08:20 by skyship This is the nub of the matter which needs to be unravelled:==================== Manager Commentary: NBDG is in the harvest period and the Investment Manager is working to restructure, reorganise, and realise exits for each investment to maximise the value of the portfolio for the shareholders. The Investment Manager uses economic, industry and issuer specific data to estimate the gross realisable value in downside, base case and upside scenarios for each investment in the portfolio. The Investment Manager currently estimates the range of the aggregated realisable value for the investments in the portfolio is between 90% and 166% of the 2017 year-end market values of these investments, with a base case of 129%. Shareholders should, however, note that: (i) the realisable values of the investments are calculated on a gross basis and, in particular, do not reflect the Investment Manager's management fee and investment-related expenses; and (ii) this range of aggregate realisable values is an estimate only, and there is no guarantee that the value actually realised will be within this range. Further details on the risks relating to "forward looking information" are set out at the end of this factsheet. Management currently expects to distribute 60-65% of remaining NAV to shareholders in 2018, 30-35% in 2019, and the remainder in 2020. The Investment Manager will review and, where appropriate, update these ranges and expectations in the quarterly factsheets going forward. |
Posted at 20/11/2017 15:49 by skyship The Board of the Company is pleased to announce an income distribution by way of a dividend of $0.0140 per Ordinary Share, $0.0245 per Extended Life Share and £0.0106 per New Global Share (collectively the "Share Classes") to be payable on 12 January 2018 to shareholders on the register of the Share Classes as at the close of business on 1 December 2017.The dividend timetable is set out below: Ex-dividend date - 30 November 2017 Dividend record date - 1 December 2017 Dividend payment date - 12 January 2018 |
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