Nmc Health Share Discussion Threads

[ny boy] 27/2/2020 08:11

If it hadn’t been suspended the share price would have dropped like a stone, especially with ftse tanking again.

[bsg] 27/2/2020 08:10

Also it will get kicked out the FTSE-100 so funds will want to sell.

[sweepie2] 27/2/2020 08:08

The company is focused on providing additional clarity to the market as to its financial position. Never a good thing to see in a suspension notice

[seekthetech] 27/2/2020 08:07

As I said yesterday, game over, banks will take any value left.good night equity and thanks for the ride

[dragonheart1] 27/2/2020 08:06

Go away, sort out the financials and mull the potential bids over and come back 10 time stronger with full clarity... definitely the right way to go here!

[dragonheart1] 27/2/2020 08:05

Suspension is probably the best thing for now. They have saved a lot of panic sellers a lot of money!!!

[steeplejack] 27/2/2020 08:01

Probably for the best.

[bigbigdave] 27/2/2020 07:59

NMC suspended

[bigsi2] 27/2/2020 07:57

Dropping for the 250 will have an impact

[nw99] 27/2/2020 07:56

Bid on its way 10 to 11 pounds

[steeplejack] 27/2/2020 07:54

The FTSE looks to be coming in around 80 down currently.The NASDAQ closed narrowly up yesterday.

I think Trump has a point when he cited that the media was stoking panic.Inevitable I suppose.The Spanish flu epidemic which started around 1918 killed estimated an 50 million,far exceeding the deaths resulting from the First World War.We’ve been here before.

[silverstone1] 27/2/2020 07:54

MY MOST RECENT SHORT WAS 3,000 SHARES SOLD ON 3 FEBRUARY AT £13.20 T+20 AND I'M NOT BUYING BACK UNTIL 28 FEBRUARY T+1 FOR SETTLEMENT ON 2 MARCH, THEREFORE, I'M LOOKING TO MAKE AT LEAST £33,000 BECAUSE NMC WILL BE UNDER £2 BY TOMORROW!

[sr2day] 27/2/2020 07:53

1st support 770p.

[edmondj] 27/2/2020 07:52

The market is Hogarthian; get used to it! ;-)

Of or relating to William Hogarth (1697–1764), English painter, printmaker, and editorial cartoonist, known for satirical political illustrations.

[dragonheart1] 27/2/2020 07:50

the scaremongering and misinformation being spread by some of the mof0 shorters on here and the LSE board is unbelievable! What morons! I don’t see this going below 850 today and could easily close above £9 when IIs start lapping it up at those stupid prices. US was at at £9.10 last night after hours. So that’s only 3% down from yesterday’s closing London price. All baked in price already!

[mattcookson] 27/2/2020 07:48

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 07:47

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.

[ny boy] 27/2/2020 07:45

FTSE 100 set to plunge again as coronavirus continues to spread into new territories
A fall of around 160 points was predicted ahead of Thursday's open.

Be careful today, Dow has fallen 3000pts over the last 8 days, the economic fall out globally could be immense, if the CV spreads dramatically outside of China

[hsdeo1] 27/2/2020 07:43

No suspension so will trade albeit 10-15% lower.

[itsnotmeitsy0u] 27/2/2020 07:43

debt is debt sonny

[tsmith2] 27/2/2020 07:42

may want to reread the announcement again.

[itsnotmeitsy0u] 27/2/2020 07:41

markets will just LOVE that, won't they lol

[itsnotmeitsy0u] 27/2/2020 07:39

and that they have a further unaccounted for debt of over 300mil USD?

[edmondj] 27/2/2020 07:37

"Obviously lots of city types knew about some of this and did nothing."


What exactly could they 'do' besides e.g. Jeffries blowing a whistle repeatedly?

Concerns have been longstanding even before MW amplified them.

[bubloo] 27/2/2020 07:36

It has been ashigh as 11.68 in after hours trading in Usa. I have a small stake of 500 shares just about breakeven now. So i suppose the price will not move drastically either way. I think the price will go up gradually over a period of time.I am Praying .