Nmc Health Share Discussion Threads

[daneth58] 09/3/2020 09:06

where are they buying these and where are these transactions declared. As a holder I want to know

[jasonblue66] 09/3/2020 08:57

Then why have blocks of shares being bought up for 12.5 per share

[smartie6] 09/3/2020 08:55

Probably be at half the value. At least you’ll get something back. Always a positive.

[jasonblue66] 09/3/2020 08:53

An offer is one thing, it being accepted by the other main share holders, will be another, but if this is accepted, due process will follow in the transfer of share ownership, this in principal will be viewed as a takeover , this will take time but this will create immediate stability.LSE rules are that is the last day a bid can be put a otherwise it comes out of the locked period, and then it will have to start all over again , with another locked period.I believe if this goes on for much longer , this will not stabilise NMC and this is what the company doesn't need.

[karateboy] 09/3/2020 08:53

Offers need to be in today or extended. Then directors need to agree and put it for vote to share holders. No body talking about end of this week. Let's see the offer first!

[hsdeo1] 09/3/2020 08:48

NMC will askfor a bid extensions and all wages paid on Monday and the accounts clear and stabilised next week.

[urbanvoltage] 09/3/2020 08:45

Capital Group bought in when the market cap was £2.56 billion. An offer of £3 billion equates to 14.35 per share.....£4 billion is 19.13 per share. It's hard to believe that this will be resolved by the end of the week, which is how it seems to be at the moment.

[karateboy] 09/3/2020 08:20

What a day today is going to be? Taken a day leave to see this through. Shares are being 'Sought' well above the suspension price.

[jasonblue66] 09/3/2020 08:18

Someone is going to have to show their first, then it's down to the other bidders if they are really serious, close of play will show how this pans out.

[m1das_touch] 09/3/2020 08:13

Can't help but smile at the irony - NMC Health best performer on the FTSE100 this morning...on the basis that it's the only share that hasn't moved down because it's suspended.

[dragonheart1] 09/3/2020 08:10

What did I tell ya?

From Gulf News this AM:

UAE's NMC Health receives four serious bids to buy it09 Mar 2020 08:05
What did I tell ya?
Gulf News;

UAE's NMC Health receives four serious bids to buy it
Manoj Nair, Associate Editor
Published: March 09, 2020 08:22
Exclusive

Those interested in UAE's biggest hospital operator include Mubadala and Hussain Sajwani

Last updated: March 09, 2020 10:12
nmchealth
The future of NMC Health starts a new chapter - March 9 is the final date for submission for investors interested in acquiring Abu Dhabi based healthcare operator. Image Credit: Gulf News Archive
Dubai: There are four interested parties in the fray to acquire NMC Health with the deadline set to end today for submissions. One or two more potential investors could still throw in their bids in the few hours left, according to informed sources.

Among the four bids, one is from Abu Dhabi investment powerhouse Mubadala, another is from Hussain Sajwani of Damac, and a third from GKI, an Italian healthcare focused firm.

Hussain Sajwani
Hussain Sajwani has been a canny investor, most recently acquiring luxury label Roberto Cavalli. He has been buying NMC Health shares from the open market. Image Credit: Gulf News Archive
As per London Stock Exchange rules, there’s a 28-day window for official bids to be made after a listed company first announces that a bid was made,” said a senior source at a local bank. “It’s been 28 days since NMC announced that it had received bids from KKR and GKI. KKR has since said it’s no longer interested.

“But there are other parties who definitely are – NMC remains the biggest healthcare operator in the UAE; it has regional aspirations and it is profitable.

“The debts of $2 billion are what is going to be an issue; plus the lack of clarity on the exact holdings of its three principal shareholders, including that of the founder Dr. B. R. Shetty.”

LSE requirements

All takeover bids need to be formally submitted to NMC by close of business on March 9. “You never know – a new offer could still be made,” said another source.

Incidentally, NMC Health shares on London Stock Exchange are still in temporary suspension. But outside of the stock exchange, the company’s shares are being actively sought.

Mubadala Investment Company
The fortunes of NMC Health could well be decided by Abu Dhabi powerhouse Mubadala, one of four bidders in the fray to take over the ailing hospital operator.In recent days, news came out that a “custody”; bank, which was holding NMC shares pledged to it by one of the principal shareholders, had sold some of it.

It is believed that they were sold for 12.5 pounds a share, above the 10 pounds that the shares were quoted on LSE before they were suspended.

Since December, there have been other instances of banks selling off such blocks of shares belonging to Dr. Shetty and former vice-chairman Khaleefa Butti Omair Yousif Ahmed Al Muhairi, and Saeed Mohamed Butti Mohamed Khalfan al-Qebaisi.
It is now believed that the three own less than 10 per cent of shares in NMC from from the once lofty holdings of 40 per cent plus.

[smartie6] 09/3/2020 07:42

Dreamers. You’re worse than PPE.
That said we’ll never hear from her again as she’s so long that her portfolio will be down 90% and commiserating with family all day.
Shame how the mighty mouth has fallen.

[jasonblue66] 09/3/2020 07:01

Shorters must be very nervous this morning...

[jasonblue66] 09/3/2020 06:59

Shares have been exchanging for 12.50 per share behind the scenes. Bodes very well for holders

[hsdeo] 09/3/2020 06:59

Nmc might yet get saved and sages are being bought at £12 in the background

[hsdeo] 09/3/2020 06:57

has been paid to how NMC is managing its day-to-day operations. “So far, none of the steady stream of news has affected NMC on operations – February proved an exceptionally good month and March looks the same,” said a senior staff member at one of the hospitals.

“There are still recruitments being done to ensure the best doctors are available to treat our patients.”

But the February payment of salaries is yet to be completed – “About 85-90 per cent have got their salaries, and that includes all of the key operational staff,” said a source. “The rest - senior executives and specialist doctors - will soon get theirs as well.”

[jasonblue66] 09/3/2020 06:08

https://gulfnews.com/business/markets/uaes-nmc-health-receives-four-serious-bids-to-buy-it-1.70245713

[jasonblue66] 09/3/2020 05:56

This is now getting very interesting!

[nael2020] 09/3/2020 04:16

Imagine how big is the NMC ????