Share Name Share Symbol Market Type Share ISIN Share Description
Nb Distressed Debt Investment Fund Limited LSE:NBDG London Ordinary Share GG00BFZ5JM92 RED ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -0.10 -0.13% 75.80 0.00 07:30:04
Bid Price Offer Price High Price Low Price Open Price
75.40 76.20 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
 
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
12/8/201910:18NB DISTRESSED DEBT GLOBAL SHARE SERIES369

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

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-15 11:15:5975.804,7113,570.94O
2019-10-15 07:50:5876.0010,0007,600.00O
2019-10-15 07:33:0176.0010,0007,600.00O
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Nb Distressed Debt Inves... (NBDG) Top Chat Posts

DateSubject
15/10/2019
09:20
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 75.90p.
Nb Distressed Debt Investment Fund Limited has a 4 week average price of 75.90p and a 12 week average price of 75.90p.
The 1 year high share price is 87p while the 1 year low share price is currently 75.90p.
There are currently 0 shares in issue and the average daily traded volume is 15,875 shares. The market capitalisation of Nb Distressed Debt Investment Fund Limited is £0.
12/8/2019
07:15
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.
11/5/2018
07:51
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.
10/6/2016
13:53
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.
29/9/2015
08:01
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?
17/7/2015
10:36
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://www.barclayhedge.com/research/indices/ghs/Distressed_Securities_Index.html
10/6/2015
06:47
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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