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 Shares Traded Last Trade
  0.00 0.00% 78.63 16,616 07:35:27
Bid Price Offer Price High Price Low Price Open Price
78.25 79.00 78.63 78.63 78.63
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Last Trade Time Trade Type Trade Size Trade Price Currency
15:27:02 O 9,968 78.25 GBX

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Nb Distressed Debt Inves... (NBDG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-07-18 15:27:0278.259,9687,799.96O
2019-07-18 09:08:3678.806,6485,238.49O
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Nb Distressed Debt Inves... Daily Update: Nb Distressed Debt Investment Fund Limited is listed in the sector of the London Stock Exchange with ticker NBDG. The last closing price for Nb Distressed Debt Inves... was 78.63p.
Nb Distressed Debt Investment Fund Limited has a 4 week average price of 78.25p and a 12 week average price of 77p.
The 1 year high share price is 91.90p while the 1 year low share price is currently 77p.
There are currently 0 shares in issue and the average daily traded volume is 15,299 shares. The market capitalisation of Nb Distressed Debt Investment Fund Limited is £0.
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.
skyship: 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.
my retirement fund: 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?
jonwig: 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://
jonwig: Skinny - the original NBDD was quite a good investment for me, so I switched to NBDG last year, which has proved to be quite a bad investment for me!! But I've added and am hanging in there: I think a rise in interest rates could force 'distressed' companies into dead ones and enable NB to realise the assets or sell the debt on to company restructurers. A key positive is that the fund will be put into run-off in under two years, and so you don't need to wait forever. At the very least, they should realise a premium to the current share price as they return capital. (Notice they've exited stuff already at a profit.) EDIT: I see they've started share buybacks of NBDG, which should at least narrow the 10% discount to NAV.
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