Nmc Health Share Discussion Threads

[silverstone1] 31/5/2020 12:14

BORG45, YOU DIDN'T BELIEVE ME IN DECEMBER 2019 EITHER WHEN I POSTED ON ADVFN (SILVERSTONE1) AND LSE (CMF1) THAT INVESTORS SHOULD SELL NMC AT £18 BEFORE THEY COLLAPSE, AT THE SAME TIME I ALSO ADVISED EVERYONE TO SELL EVERYTHING BEFORE THE BEAR MARKET CRASH IN 2020!

[quidzinn] 30/5/2020 19:17

If any of you shareholders are in any doubt there is an official ‘hierarchyR17; laid down by the Insolvency Act, 1986, determines which group of creditors is paid first during an insolvent liquidation. When a company enters liquidation, each class of creditors must be paid in full (the exception being ‘prescribed part’ secured creditors) before funds are allocated to the next. Creditors are ranked as follows: 1/Secured creditors with a fixed charge 2/Preferential creditors 3/Secured creditors with a floating charge 4/Unsecured creditors 5/Shareholders Shareholders are the final group to be paid. Because they have taken a business risk in providing money to the company, they are not entitled to a distribution until all other creditor groups have been paid. Q

[borg45] 30/5/2020 12:14

Nobody believes a word you say

[bbmsionlypostafter] 29/5/2020 12:29

Https://www.theguardian.com/business/2020/may/29/scandal-hit-nmc-health-on-verge-of-liquidation Scandal-hit NMC Health on verge of liquidation Administrators outline position of UAE’s largest healthcare provider which faces multiple investigations Joint administrators for NMC Health, the holding company of the UAE-based healthcare provider NMC Group, have said the company will probably be dissolved or put into liquidation. Administrators from the consulting firm Alvarez & Marsal Europe were appointed in April to oversee the hospital operator, after an application from one of its biggest creditors, Abu Dhabi Commercial Bank. The bank has since begun criminal proceedings against an unspecified number of individuals at the company, which has been delisted from the London Stock Exchange and is now the subject of a UK accounting investigation. The administrators said it would not be possible to conclude the outcome of the process until all investigations had progressed and the liability position was ascertained. They also stressed that all of the constituent members of the wider NMC Group, the largest private healthcare provider in the UAE, were continuing as previously. “This is a standard part of the formal process of administration for NMC Health Plc, the holding company that was listed on the London stock exchange, and does not in any way impact the ongoing trading of the wider group,” said one of the joint administrators Richard Fleming. The administrators also said that, based on their current estimates, they anticipate the company’s preferential creditors could receive a dividend of approximately £1. NMC first came under scrutiny late last year when the US-based short-seller Muddy Waters criticised its financial statements. The company later revised its debt position to $6.6bn, $4bn more than it had previously disclosed.

[silverstone1] 28/5/2020 11:39

SMCNI1968, I'M STILL ALIVE AND WELL, SPENDING SOME OF THE FORTUNE I MADE FROM NMC!

[karateboy] 23/5/2020 09:40

Quid boy why didn't you short the NMC all the way? Just copy your short position and date you closed it and let's every one to see. No body knew that these criminals set up these companies for their criminal activities, Even MW. If you knew then Let's see your short position. If you don't produce an evidence, do you accept you are just another sick men waisting their times to advocate their self importance.

[karateboy] 22/5/2020 23:06

I will drink to sick people like you quid boy and those criminal that will be ending up in prison. at least those criminals had a plan and intelligence , what about you my sick boy....

[smcni1968] 21/5/2020 21:08

Silverstone1 died of a heart attack this morning

[quidzinn] 21/5/2020 15:36

Muddy Waters got this one right as well... But some of you amateurs think you know better. https://www.bbc.com/news/business-52146498 Q

[quidzinn] 21/5/2020 14:53

" karateboy - 20 Feb 2020 - 18:03:29 - 7882 of 10512 NMC Health - NMC hopefully it will be another good day tomorrow. Company telling us results in March will be very good and as expected. If that turns up to be the case share price will react very positively. If this is the case I will drink to Bloody MW which allowed us to buy cheap shares. " Hmmmm ... Delusional Shareholder Syndrome. Q

[nael2020] 14/5/2020 22:01

Any idea why ADR still in trade?

[diverzeusy1] 13/5/2020 17:58

Deanowls 6days ago this but thanks👍 another one escapes from the UAE to India😡ԅ45; It's really unbelievable, surely the administrators have lots to ask him, they should be having flights to bring the Shetty gang back to UAE, And now the admin has started chopping up and selling the business to raise cash to pay the debters 😡 We will be very lucky to get anything back .

[deanowls] 13/5/2020 17:24

hxxps://gulfnews.com/business/banking/abu-dhabis-nmc-healths-finance-chief-gets-a-seat-on-indias-repatriation-flight-1.1589091417655

[monte1] 13/5/2020 14:28

A hard lesson learnt Nael.

[kemche] 13/5/2020 13:53

I was led to believe by a poster here that the Sheikhs would be bailing out the company.

[nael2020] 13/5/2020 13:05

https://www.bloomberg.com/news/articles/2020-05-12/nmc-health-administrators-are-said-to-kick-off-asset-sales Fking game over

[diverzeusy1] 03/5/2020 09:46

If you have not already, please join our Facebook group, it allows all shareholders from various platforms a place to come together. Thanks https://www.facebook.com/groups/2994256800634010/?ref=share

[red5] 02/5/2020 10:16

ok so now what is happening now is there anyway shareholders are going to get thier cash back due to fruad.