Nb Global Monthly Income Share Discussion Threads

[nickwild] 24/1/2024 18:06

sudden jump in net asset value RNS today

[tommygriff] 13/1/2024 14:00

Is this still paying a monthly dividend?

[jaf111] 11/1/2024 19:00

Almitas Capital, US based hedge fund, takes a 16.14% stake.
What do they know?

[flyer61] 15/12/2023 17:44

NAV gently rising....

[spangle93] 15/12/2023 17:12

Haven't looked in here for a while - it's not looking perky in recent days.

[flyer61] 15/11/2023 06:03

Depends on your broker and how they have things set up.

[leopoldalcox] 14/11/2023 22:44

Anyone else finding the same number of shares sitting in their account today?

[flyer61] 07/11/2023 08:25

You can sell at a touch over 73P.

[nickwild] 06/11/2023 20:24

Be interesting to see what share price does tomorrow.
I have always felt this would end in January as the market cap will be down to about £36 million after the redemption on the 13th November. Therefore the costs for 2024 should not be anywhere near the worst case scenario they have outlined (assuming they don't rip us off.

[mesb48] 06/11/2023 16:13

The irony being the board and all its advisers get a cool $900k for being clueless clowns for the next 12 months or so. Couldn’t make it up.

[mesb48] 06/11/2023 16:10

So they’ve only just realised the need to accrue for the liquidation. Clowns!

Next RNS they will have to acknowledge paying 80.77p redemption on ex-div shares is wrong too. Clueless.

[flyer61] 26/10/2023 10:25

You are being thick! said with a smile whilst buying you a pint.

[mesb48] 26/10/2023 10:04

so if the ex div date for the 2.1p dividend is 2 Nov, I assume the 80.77p NAV value for the redemption (ex date of 14 Nov) will be reduced by the amount of the div? Think it could be clearer? Or am I being thick?

[spangle93] 25/10/2023 12:29

I see Matt Goss is listed as a contact for the brokers.

What a career change for the lad

Still, with the redemptions progressing according to plan, he'll soon be able to say to shareholders "I owe you nothing, nothing at all".

Hum.

[flyer61] 25/10/2023 08:05

yes, very well done the management team!

[jaf111] 25/10/2023 07:07

Excellent news this morning…..another very juicy divi (2.1p), well above my expectations AND 5th compulsory redemption - over 40% @ 80.77p

Almost 80% will now have been distributed…..

Well done the management team

[flyer61] 18/10/2023 07:41

Indeed, feel the RNS is missing a final sentence or two.

However I find valuing cash an awful lot easier than NR high yield bonds.

Hoping that cash is earning a decent interest rate whilst We wait for it’s arrival.

[nickwild] 18/10/2023 06:58

looks like current value 60 million sterling and 52% cash!

[nickwild] 16/10/2023 09:33

I'm not saying divi won't be paid but they said as fund gets smaller divis may not be possible. WE WILL KNOW SOON.

[flyer61] 16/10/2023 09:30

Disagree, i'm expecting another dividend. Was always concerned the NAV might turn sour here however it has held up well probably helped by dollar strength and the manager doing a decent job.

Shame it is closing as i liked it. Having gone through AXI, now this and HDIV to come my world is shrinking!

At £50M It is getting small but a penny a share in November would be my bet!

[nickwild] 16/10/2023 09:13

Value of NBMI now between 50 and 70 million pounds. Not sure if divi will be paid but ex divi due end this month and payment mid November.
Likely further buyback mid November and one more final buyback/closure in new year. I think they will be anxious to close fund as value getting very low and management costs and hassle significant.

[jaf111] 16/10/2023 08:08

Another divi announcement due shortly….last payout was more generous than I was expecting so fingers crossed for a similar payout this time 🤞

And also hopefully another return of capital not too far off

NAV remains stable at around 80p so nice discount with share price around 73p

[flyer61] 24/8/2023 07:27

Keeps on giving.....

[spangle93] 24/8/2023 07:09

The Company will redeem approximately 26.12% of existing Shares of Shareholders on the register of members as at close of business on 11 September 2023 (the "Compulsory Redemption Record Date"). The Compulsory Redemption will be effected at 79.31 pence per Share (the "Compulsory Redemption Price"), which is equal to the Company's net asset value per share on 22 August 2023T

[jaf111] 18/7/2023 08:08

Agreed….