Nmc Health Share Discussion Threads

[jasonblue66] 02/3/2020 06:46

Good post. I think also with the sheer massive financial weight behind them too they will go after Shetty and co for any monies they have misappropriated.

[tsmith2] 01/3/2020 23:22

Abu Dhabi Wealth Fund Weighs Deal in Shetty's Troubled NMC https://www.bloomberg.com/news/articles/2020-02-29/abu-dhabi-wealth-fund-said-to-weigh-investment-in-troubled-nmcupdated 01 March 8:01pm

[sentimentrules] 01/3/2020 22:57

Agree lodgeview. Pure lottery really. On the other hand id say especially not long moreso

[lodgeview] 01/3/2020 22:53

I wouldn't like to be long or short on this one, especially short more so. Nobody knows the situation until news released, I expect an RNS in the morning.

[karateboy] 01/3/2020 22:21

If NMC asked for debt restructuring , that means they know now what their debts are , Which is good news. This was one of the issue raised by MW. While company is sorting its fraudulent directors behaviours out, we need only one of these 3 bidders come true, then other will start the bidding war. Shorters are dreaming for 1p to close their short position! They have to wait until bitter end! Suspenpesion is a double edge sword, as good news start flowing in, shorters can't close their short positions, not a good position to be in.

[sentimentrules] 01/3/2020 22:06

Factoring ? Jaysus

[smcni1968] 01/3/2020 22:05

The Financial Times reported last week that the group recently resorted to pledging future credit card payments from customers to secure funding, a form of receivables financing arrangement more commonly used by small businesses or those that are short of cash.

[mattcookson] 01/3/2020 21:59

This will open above £10 in April and adult hit £15+ by May/June, look at past examples RRE, Anglo etc etc. Mubadala’s assets run in hundreds of billions, this is a drop in the oven from them! Investment funds and billionaire’s know what they are doing and therefore were piling in here for the last few weeks! This will come good in the end!!


From Bloomberg:
“Abu Dhabi Wealth Fund Weighs Deal in Shetty’s Troubled NMC”
By Archana Narayanan and Dinesh Nair
February 29, 2020, 7:10 AM EST
Mubadala held early talks for stake in U.A.E. healthcare firm
NMC CEO Prasanth Manghat was dismissed in management overhaul
relates to Abu Dhabi Wealth Fund Weighs Deal in Shetty’s Troubled NMC
Source: Google
Abu Dhabi wealth fund Mubadala Investment Co. is considering a potential investment in NMC Health Plc -- a sign the emirate is keen to address the worsening crisis at the troubled hospital operator, people familiar with the matter said.

Mubadala has held early discussions to look at a range of options regarding the Middle East’s largest health care provider, including buying a stake and taking a board seat, the people said, asking not to be identified as the matter is private.

Aside from Mubadala, investors linked to Italian hospital operator Gruppo Ospedaliero San Donato Spa have said they’re studying a possible offer for the company and are working with financial advisers.

[mattcookson] 01/3/2020 21:59

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, which they are, 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. Plus their stock is under lock down, which can be used to pay for any potential debts. Obviously the guarantees should have been approved by the board & disclosed in accordance with the Listing Rules. This will come back with vengeance, when it comes out of suspension in April! IMO, will open above £10 and hit £15+ by May/June timeframe.

[sentimentrules] 01/3/2020 21:40

Can u get me just 1 at 1p so I can frame it and always remember dragonheart and Matt

[silverstone1] 01/3/2020 21:33

I WILL BUY 3,000 AT NOMINAL VALUE, PROBABLY 1P EACH TO CLOSE MY OPEN POSITION WITH JARVIS, BUT THE SHARES ARE WORTHLESS UNLESS YOU HAVE A SHORT POSITION TO CLOSE!

[sentimentrules] 01/3/2020 21:13

Can you get me some at 1p please

[silverstone1] 01/3/2020 21:04

TO THE MUPPETS ON THIS BOARD, STOP DREAMING BECAUSE NMC EQUITY IS NOW WORTHLESS AND MARKET MAKERS HAVE MILLIONS OF WORTHLESS SHARES FOR SHORTERS TO BUY AT NOMINAL VALUE, TO CLOSE THEIR POSITIONS, I'M LOOKING TO BUY 3,000 FROM MY MARKET MAKER FRIEND AS SOON AS NOMINAL VALUE STATUS BECOMES OFFICIAL!

[sentimentrules] 01/3/2020 18:14

You have got something? Must be the virus if you think SentimentRules is a holder of a stock

loooooooool

[nael2020] 01/3/2020 18:09

sentimentrules, I have got it. Now , I excuse you as its quiet hurtful.

I wish you and the other shareholders the best luck in the nearest future as we are shorting just for living.

[dragonheart1] 01/3/2020 18:06

This might not all be that bad as shorters are portraying it here, this could well be a very smart move of NMCs part, suspend the shares, get all the bad news out and their house in order and with at least 3 confirmed takeover bidders in the mix currently, come back with a vengeance at the end of April. This could easily open at least 50% higher at the end of April! Especially with huge takeover interest in this high growth healthcare business, it happened at AA and share price suspended at 229 and now trading at 1850, go figure!!

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, which they are, 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. Plus their stock is under lock down, which can be used to pay for any potential debts. Obviously the guarantees should have been approved by the board & disclosed in accordance with the Listing Rules. This will come back with vengeance, when it comes out of suspension in April IMO

[sentimentrules] 01/3/2020 18:01

The main thing is to learn lads

History has two history's

Learn from mistakes, or repeat them

[sentimentrules] 01/3/2020 18:00

Im angry i closed short 700p from 1715p dude. Im only jealous of current shorters.

[dragonheart1] 01/3/2020 17:59

I am in the same boat as you hsdeo. Don’t think this will go under, it’s all speculation at the moment and with every new news article and no formal announcements from NMC ( which are not likely for next few weeks, while they are sorting out their house), one day things seems to be heading in the positive direction and another day it’s all negative. Nobody knew this was coming up until Wed eve, at which isn’t stock had jumped 20%+ WOW. Things might not even be as bad as some of shorters here are posting to be. We just need to be patient and see what happens next, ya jot like anyone on this BB has any control over thIS situation, shorters and LTHs alike. So, everyone should give it rest and let the things play out their normal course. This could very well open above £11-12, it has happened before, just google it and could happen again! Thinking Anglo, RRE is ESC etc.