Nmc Health Share Discussion Threads

[steeplejack] 02/3/2020 16:43

https://www.msn.com/en-ae/news/other/nmc-seeks-debt-standstill-to-avert-repayment-of-242-billion/ar-BB10DJKEThis means that the company are seeking the equivalent of a chapter 11,a debt moratorium.Sadly,the banks will rank well above the humble investor as they try to sort things out and one may as well prepare oneself for the fact that a complete wipeout is quite probable .Bid rumours might abound but it's the banks that will call the shots now.The banks will effectively takeover NMC and keep the hospitals running operationally but you can kiss your investment goodbye.Hope I'm wrong.

[snowy1111] 02/3/2020 16:05

Italian Investor Is Said to Seek Partner to Bid for NMC (1)Monday, March 2, 2020 11:46 AM By Dinesh Nair, Archana Narayanan and Mahmoud HabboushSan Donato-backed group approached Mubadala for joint bidGroup has until March 9 to make an offer for health-care firm

[hsdeo] 02/3/2020 15:10

The OTC markets like what they hear and read.!

[jasonblue66] 02/3/2020 15:09

Good call!

[lodgeview] 02/3/2020 15:07

I was but removed my short (thankfully) before suspension!

[jasonblue66] 02/3/2020 15:05

I thought you were short Lodgeview?

[lodgeview] 02/3/2020 15:04

Wow. Looks like the shorters are well and truly screwed here. Makes a change.

[pione3r] 02/3/2020 14:54

NMHLY:USOTC US

9.78 USD +2.35 +31.54%

The sentiment has changed today :)

If this wasn't suspended in UK, we would have ranged between £6 and £8 today.

[urbanvoltage] 02/3/2020 14:53

Initial reaction pretty good...stock up by 28%.

[monte1] 02/3/2020 14:36

They may be keen to protect the business and the employees but are they so keen to protect the equity holders? I am not so sure. It is listed on LSE and audited by International Auditors so not sure that the Emirates would pile in with loadsa dosh to protect against a slight on their reputation, unless it was guaranteed that there is no further risk to the capital introduced. Money is tighter than it used to be even in the oil rich world.

[pione3r] 02/3/2020 13:58

No, the government backed businesses don't compete in GCC. Very political. This is engineered.

If Abu Dhabi gov are keen to protect NMC, the lenders wouldn't dare to call the debt. I am focusing on external factors. Hence no point comparing NMC to TCG etc.

[urbanvoltage] 02/3/2020 13:55

The Emirati partners will be taking a passive role in the management of their respective shareholdings in NMC. Mubadala know where to go to buy 9% of the company for a negotiated price.

[pione3r] 02/3/2020 13:44

I am not speculating the share price once the suspension is lifted. I am merely stating that governance will now be stronger and well funded if Mubadala buy a stake in. Major institutions in GCC are generally influenced by the governments. And Abu Dhabi is keen to improve its image.

The negative factors that destroyed the share price will be removed.

[monte1] 02/3/2020 13:22

These RNS’s are hardly addressing the crux of the matter though are they? They merely detail reactive measures being undertaken. The crux of the matter is that serious failures of governance have occurred - that is roundly acknowledged by words, deeds and actions. Further questions and reviews are now being asked and undertaken to establish what are the consequences of these governance failings over and above those already identified. Only when all of these have been completed and the findings analysed can a line be drawn. Matters that I would expect to be considered may include;
Analysis of historical accounts to establish accuracy or the extent of any required restatements.
Review of all provisions, accruals and liabilities
Review of balance sheet values and asset purchase valuations, intangibles and impairments.
Forensic analysis of cash in and outflows - chase the money.

Seldom when governance failings are identified, are the consequences confined to a single area - ie the ‘share ownership’ issue. Time will tell. Anyway GLA.

[hsdeo] 02/3/2020 13:15

I do hope for the best and plan for the worst. I have essentially set me expectations low when it comes back. But if it is higher than that then I will be happy.

[smartie6] 02/3/2020 13:12

Or so you hope hsdeo.
Better to expect the worst, then at least no surprises.

[hsdeo] 02/3/2020 13:11

Best to filter smarti all the RNS that come out and what they are doing will be scrutinised by the FCA who are looking into NMC. SO if it gets through it must have passed their eyes

[pione3r] 02/3/2020 13:07

I am not sure what you questioning smartie?

[monte1] 02/3/2020 13:07

Welcome biggybigster.

[lodgeview] 02/3/2020 13:06

I think this is great news for longs in truth. Anyone short could be well and truly screwed here. We now have GSK, Mubadala, Isthmar and Capital hovering.

[smartie6] 02/3/2020 13:06

Pione3r, really??????

[biggybigster1968] 02/3/2020 13:05

Yeah that's perfect thanks!

[pione3r] 02/3/2020 13:03

Abu Dhabi are keen to protect its reputation. I am now more confident that this will come out stronger than when it closed.

Today's RNS was in relation to change-of control-provisions which were triggered if principal shareholders ceased to hold together more than 30% of NMC's shares. NMC have concluded that Butti et al hold circa 30% shares now.

Today Ithmar have taken 9% of those shares.

In short, NMC is moving into stronger and stable hands.