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Share Name Share Symbol Market Type Share ISIN Share Description
Nmc Health Plc LSE:NMC London Ordinary Share GB00B7FC0762 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 938.40 940.00 941.60 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services 2,057.3 256.9 119.6 7.8 1,959

Nmc Health Share Discussion Threads

Showing 8476 to 8497 of 10725 messages
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DateSubjectAuthorDiscuss
27/2/2020
07:31
As long as there is nothing else rotten in there
sweepie2
27/2/2020
07:29
The decks are quite clearly been cleared by the independent board. shorters were trying to call in question credibility and independence of Freeh and the independent board.the market will see the that the board is independent, matters are being addressed, action being taken.
tsmith2
27/2/2020
07:26
Agreed, About £3bn has been wiped off the market of NMC. Even IF all of the amounts guaranteed by NMC to the credit providers of the related companies had to be paid by NMC (this is very very unlikely given the unwound on normal terms and the fact that no amounts have had to have been met by NMC) that would amount to £250mn, so these things are relative.
tsmith2
27/2/2020
07:13
Said this last night. It's not great but this is why the share price is where it is. I don't see anything dramatically new here. If anything it's further evidence of a clear up.
gregpeck7
27/2/2020
07:12
I just wonder wtf the board were doing? They didn't notice anything? Either lying or useless
sentimentrules
27/2/2020
07:12
Tsmith2 NMC as a listed entity is responsible for all actions of the board, members of and their wrong doings
sentimentrules
27/2/2020
07:12
Worst case, I Don’t see it going below 850p at the open, after the panic selling is over by some stupid PIs who buy into misinformation and panic spread on these BBS by Imb3cile shorters, funds and banks will start lapping them up and it will be back over 900 in no time! This will close in blue today!!
mattcookson
27/2/2020
07:10
and that NMC should have received some form of return for providing the guarantees.
tsmith2
27/2/2020
07:09
So issues are nothing to do with NMC and it's operations but more that Shetty and Khalifa have been using it to finance there other companies freely, unlike what MW alleged which is that NMC was understating it's liabilities to make dress up its financial performancethe credit facility guaranteed by NMC is £250mn and is being unwound with normal payments terms being met by the related companies
tsmith2
27/2/2020
07:08
The NMC simply provided a contractual guarantee in case of non-payment or default in case companies owed by related parties weren't able to meet their contractual obligations to credit providers. These balances were approx $335m at the end of the year. Nothing unusual if you think about it, companies do it all the time. The only problem is that this hasn't been approved by the board and contingent liability as they call it disclosed in the notes to the accounts. Normally those disclosures give the users of the accounts an estimate of the potential financial effect and better understanding of any associated risks. This doesn't, by any means, mean that the company owes $335m. As long as the entities owed by the related parties pay their debts there is basically no financial impact. The facilities will also "no longer be made available for further supplier financing" so no future impact possible. It could be as simple as a guarantee and support for the smaller entities with no sufficient credit rating & cash flow available in order to enable them to grow quicker & operate on the higher level. There is no mention of any defaults & inability to pay obligations by those businesses . They may as well be operating successfully and running at a profit. Obviously the guarantees should have been approved by the board & disclosed in accordance with the Listing Rules.
mattcookson
27/2/2020
07:05
They?ve effectively guaranteed payments due by other related party companies presumably based on credit worthiness of NMCso a case whether it should have been disclosed in the accounts or not. being unwound as the related companies make payments that fall due..Clearly Freeh is independent as is board. And board clearing up issues.
tsmith2
27/2/2020
07:03
Shorters, don’t high five each other’s just as yet, when the founder shetty and buttis were fired a couple of weeks back stock actually jumped 6%, so don’t be too surprised if this jumps another 6% y to okay after the lil blip at the open. Good news is that it’s all out in the open and company is taking steps to remedy the situation. Not selling just as yet.
mattcookson
27/2/2020
06:55
On the face of it,a lot of what has been uncovered here is NOT unexpected.Remember the FT carried an article a month or so back referencing to off balance sheet debt which was being arranged by NMC.This was slightly short of suggesting that undisclosed debt arrangements were already in place.One must presume that the greater part of Muddy Waters accusations are true.This requires a deferral of results until end April.The difficulty is assessing to what extent the findings of the investigation are discounted in a share price that is over 75% off its peak a year ago.You have to bear in mind that predators are circling,stake building is emerging.This is a real opportunity for asset strippers.On the other hand,as the off balance sheet is absorbed and correctly stated,NMC will begin to look financially over stretched and a fund raising at some juncture might be on the cards.There are numerous imponderables that make forecasting where the shares will be in a couple of months time,pure speculation.
steeplejack
27/2/2020
06:40
Silverstone1 £3000 for every £1 drop , what planet are you on you peasant. that is quite some risk exposure. read the book about Walter Mitty and then look in the mirror you idiot.
stoxx67
27/2/2020
06:25
Dudishes27 Feb '20 - 03:34 - 8340 of 8343 0 1 1 SentR, I did not apologise. No need, I closed short last week, warned friends on other threads (you can check), of possible suspension. ..... Well done. Muddy waters has a very good track record on these things. They are hugely successful for good reason. I was just amazed they got largely ignored or laughed at here.
sentimentrules
27/2/2020
06:10
Do not follow tweets. Another short in order, if set price can be triggered!
dudishes
27/2/2020
03:34
SentR, I did not apologise. No need, I closed short last week, warned friends on other threads (you can check), of possible suspension. When Muddy Waters announces anomalies, one must DYOR, twice now (BUR) he has nailed it. I guess, shortly, all sorts claiming taking legal action, no event losers! Well done SentR, hope you made a few bob, I made a killing!
dudishes
27/2/2020
00:06
Ok Tinatots
ritchau
27/2/2020
00:04
Also remember peeps - that many of the shares the directors still owned are locked out - if they have been spending money via a credit facility to their other owned companies - potentially we could see a margin call on their shares to repay the balances if activity has been found that the directors are liable for for the debts (if any). It appears from the wording they maybe as none of it has been disclosed. Not sure and maybe talking out my rear end here, but I would assume that their shares could be utilised to settle these accounts if they have been receiving the monies directly via other subsidiary companies?? So this may get us all out of jail as debt would be taken out with free floating their remaining shares etc on a margin call? remember they do not have direct control of this and may be forced to stump up the shares to pay down the owed cash?
mattcookson
27/2/2020
00:02
The NMC simply provided a contractual guarantee in case of non-payment or default in case companies owed by related parties weren't able to meet their contractual obligations to credit providers. These balances were approx $335m at the end of the year. Nothing unusual if you think about it, companies do it all the time. The only problem is that this hasn't been approved by the board and contingent liability as they call it disclosed in the notes to the accounts. Normally those disclosures give the users of the accounts an estimate of the potential financial effect and better understanding of any associated risks. This doesn't, by any means, mean that the company owes $335m. As long as the entities owed by the related parties pay their debts there is basically no financial impact. The facilities will also "no longer be made available for further supplier financing" so no future impact possible. It could be as simple as a guarantee and support for the smaller entities with no sufficient credit rating & cash flow available in order to enable them to grow quicker & operate on the higher level. There is no mention of any defaults & inability to pay obligations by those businesses . They may as well be operating successfully and running at a profit. Obviously the guarantees should have been approved by the board & disclosed in accordance with the Listing Rules.
mattcookson
26/2/2020
23:57
htTps://www.standard.co.uk/business/muddy-waters-blasts-billionaire-richard-chandler-as-he-ups-his-stake-in-nmc-a4370936.html?amp
sentimentrules
26/2/2020
23:20
Dragon heart should contact them immediately
sentimentrules
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