Nb Global Monthly Income Share Discussion Threads

[wskill] 21/11/2022 08:35

Not good for my income portfolio i was hoping to hold this into my dotage this only leaves me with vsl,csh,soho ,av. and hfel which i have in the portfolio any recommendations guys for a replacement.

[marktime1231] 18/11/2022 18:05

I have taken a tiny stake in NBMI today, in case you are on to something here CC.

More risk, but there seems to value and relative reward while priced under 80p.

[bobsdad] 28/7/2022 10:16

I have a relatively small holding of these at an average price of over 80p and given the dividend yield would like to average down my price. Should the cash exit offer and comment that they would wind up the company if it fell below £150M concern me about investing more?

[cc2014] 21/7/2022 08:34

The board of NB Global Monthly Income Fund ("NBMI") is pleased to announce a further increase to the Target Distribution [1] for the remainder of 2022 to a rate of 6.75% of Net Asset Value per annum [2] (net of fees and expenses) which equates to a target monthly distribution for the remainder of 2022 of GBP0.00467 per share paid monthly, equating to GBP0.05602 per share, per annum

The increased Target Distribution is equivalent to a 7.36% yield on the 19 July 2022 closing share price of 76.1 pence [3] and represents a 5.4% increase on the Target Distribution proposed on 28 April 2022. The new Target Distribution will, for the remainder of the year, represent a level which is 19.7% higher than the total dividends paid in 2021.

[boystown] 19/7/2022 08:30

So this is now at a 9% discount and paying over 7% p.a., which is distributed monthly, but will wind itself up if the mkt cap goes below £150m?

[cc2014] 18/7/2022 08:23

I added last week.

[my retirement fund] 07/7/2022 14:06

Value looking a little better here

[8w] 07/7/2022 12:33

Opened a position here. Short duration should be beneficial in the medium term.

[joe say] 28/6/2022 07:31

And its deferred payment in any event

[cc2014] 01/6/2022 09:24

As stated in the Circular, "pursuant to the Cash Exit Facility, the Company may, at the Board's absolute discretion, offer to eligible Shareholders the opportunity to tender up to 25 per cent. of their holdings (a "Cash Exit Facility Offer") at a price equal to the prevailing Net Asset Value per Share, less two per cent.

So, 2% below NAV so say 85.4p based on the most recent NAV.

I will probably pass. I like the investment and theoretically I could tender them and buy them back for 84p. A small profit. But I've got them spread over 3 accounts and I would have to successfully execute this strategy

[nickwild] 01/6/2022 08:42

25% buyback at net value end of june.
Net value currently over 87p per share and share price 82.4p

[cc2014] 08/9/2021 10:38

"The Board is mindful of the upcoming potential tender offer on or around 30 June 2022 at NAV less 2%, and is pleased to note the progressive tightening of the discount since the strategy change from around 15% in September 2020 to the current 5 to 7% level, reflecting the rotation of the shareholder register into a more longer term, income oriented investor base. The Board is focussed on furthering this process to seek to eliminate the discount over the coming year. If we are successful in achieving this elimination of the discount, when combined with the annualised dividend yield at 30 June 2021, a total share price return of approximately 12% could be achieved for the 12 months to 30 June 2022"

[cc2014] 13/8/2021 07:26

90p on the bid. Hurrah.

[cc2014] 11/8/2021 08:47

I've created a new thread with charts.

[cc2014] 11/8/2021 08:44

Going very nicely.

66% floating rate investments according to factsheet which should be good as interest rates rise.

[cc2014] 11/8/2021 08:41

!FOLLOWFEED
Global high yield bond fund providing monthly income.
Two thirds of fund is floating rate investments so as interest rise, yield will automatically rise with it.

Previously known as NBLS.

[cc2014] 28/4/2021 09:46

I have been somewhat uncertain why the large discount to NAV has been sustained so long. Anyways nice to see the share price rising.

[nickwild] 12/4/2021 13:39

big jump in price and a lot of buys

[colonel a] 04/1/2021 13:03

Thank you.

[colonel a] 04/1/2021 09:03

nickwild,
Is that RNS under NBMI or NBLS ?
And what is its date please ?

And if you are feeling particularly generous could you put a couple of charts {day/year say} in the header.

Thanks in advance & HNY.

[nickwild] 01/1/2021 09:32

Also opportunity to sell in future at near NAV (and buy back if you want) for further profit. See RNS on future trading/management following change to NBMI from NB global Income.

[gateside] 31/12/2020 10:13

With interest rates near zero, this looks like a good investment.Very low risk share.No Stamp Duty.Around a 5% yield paid monthly.Added to my watchlist.

[nickwild] 05/10/2020 18:03

that seems mad as they could have sold and bought back for around 13% profit

[bench2] 05/10/2020 09:30

I think the change at L&G reflects the reduction in size of NBMI following the tender . It would appear that L&G did not tender their holding .