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NBNK Investments

  • BY: Andrew Hore |
  • POSTED: 01/08/2014 |

NBNK Investments chairman Wilbur Ross says he has met with Crystal Amber Fund, which has built up a stake in the cash shell of just over 26%.

Most of Crystal Amberís stake was acquired at less than NAV.

The shell still has not made a suitable financial services or bank asset. There was a £105,000 cash outflow in the six months to June 2014, and there is still £20.1m in the bank.

At 46p a share, NBNK is valued at £24.7m. The NAV is £20.1m.

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