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NBNK Investments

  • BY: Andrew Hore |
  • POSTED: 09/06/2014 |

Aim-quoted activist investor Crystal Amber Fund continues to mop up shares in cash shell NBNK Investments and it has taken its shareholding to 24.3%.

Crystal Amber previously announced a 6.26% stake. Most of the additional shares appear to have come from Aviva, which has sold its entire holding. The share price has recovered strongly in the past few days and is 39.5p a share, which values NBNK at 21.2m. This means that the shares are no longer trading at a discount to the 20.2m in the bank at the end of 2013.

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