Nmc Health Share Discussion Threads

[smartie6] 16/3/2020 11:02

Who was promoting FIN last week? Shxt you’ve killed more people taking your advice than the coronavirus.

[nael2020] 16/3/2020 10:57

Finablr FIn, The sister of the NMC has been suspended , it seems the same scums

[silverstone1] 16/3/2020 10:05

APPLES TO ORCHARDS!

[silverstone1] 16/3/2020 10:01

P.S. MY 2/3 DEFINED BENEFIT (FINAL SALARY) PENSION GOES INTO PAYMENT FROM TOMORROW, THEREFORE, IT'S APPLES TO ORCHARD!

[silverstone1] 16/3/2020 09:46

THANK YOU SMCNI1968, BUT I'M 55-YEARS-OLD TOMORROW WITH NO UNDERLYING HEALTH CONDITIONS, THEREFORE, I EXPECT TO CATCH CORONAVIRUS WITH MILD SYMPTOMS AND ENJOY MY PREDICTED WINDFALL!

[smcni1968] 16/3/2020 09:25

As a retired person i do hope you are taking all necessary precautions to avoid the virus- it would be a shame if you expired before your options do

[silverstone1] 16/3/2020 09:22

WHAT A FANTASTIC DAY ON THE STOCK MARKET BECAUSE MY FTSE PUTS ARE NOW WORTH OVER £2,000,000!

[karateboy] 16/3/2020 08:47

Dragon/valhamis please copy the copied post from LSE regarding different options to the bulletins board .

[smartie6] 16/3/2020 07:12

Seriously what’s the point of this BB, why not close it down and save on the heartache?

[nael2020] 16/3/2020 03:58

The Authority In UAE has specified more then 20 billions to tackle the outbreak of coronavirus , I think they are no going to be bothered for couple of billions to rescue the company and their face.

If you believe it take it , if you not leave it

[zammo_1] 15/3/2020 23:29

Sorry I meant negligible value

[zammo_1] 15/3/2020 23:27

ASUsasus hold tight you may get to Claim back on tax return for negligible loss especially when there is fraud.

Anyway it’s not over until it’s over

[dragonheart1] 15/3/2020 23:10

Copy/paste from LSE board... brilliant post!

I think and hope it’s option1/2 but could very well be option 3. I too believe these will trade again and open UP!!

———;——̵2;-////
Possible Case Arguments - Best to Worse:

Case 1.
The fraudulently obtained (undisclosed) debt gets written off, NMC not liable. NMC are exonerated of all wrong-doing. The F.Y. 2019 results are good (as expected). Following the 2019 results the share suspension is removed end of April/early May and we see an immediate increase in share price on opening. The financial press and media are all over this. Expecting the share price to close around 1600p within 2-3 weeks of trading on FTSE250. Promoted back to FTSE100 before year end.

Case 2.
Let’s assume that a majority of this undeclared debt was used to finance non-group businesses, namely Shetty’s other business interests. Let us also assume that legally the debt obligation lies with NMC. BRS Ventures has a number of other businesses held withing the “holding”; company; Neopharma, Nexgen Pharma, BR Life [Hospitals] and many others. If this is proven to be fraud then could BRS Ventures’ assets be transferred to NMC ownership? Would BR Life compliment NMC? If the FCA pass this matter onto the Serious Fraud Office (SFO) then they will attempt to recover any assets from those committing financial crimes/fraud. NMC could still have to carry $5 billion of debt on the balance sheet but would have a larger asset base and bigger combined revenues and profits.

Case 3.
Recover some of the undisclosed fraudulent debt (Dr Shetty and his co-accused are not short of wealth), carry a larger long-term debt on the balance sheet: Allow Dubai-based Bahraini billionaire Mishal Kanoo (Mubadala Investment Company) to buy a seat on the board. Bring in a solid top-notch board of directors and carry on. The share price has fallen 76% so some of the damage (may be not all) has been priced in.

Case 4.
Let us assume that NMC’s [estimated] debt stands at $5 billion. Debt isn’t an issue as long as that debt can be serviced and the day-to-day operations can be financed from revenues. We’re not aware that this is not, or would not be the case going forward. Sure, there would be no further growth/expansion for many, many years but the business may be able to carry on. Will further hammer share price and will probably never recover its true value.

Case 5.
NMC goes into administration, gets bought out on the cheap. We, shareholders get zero.
The FCA (Financial Conduct Authority) pass the matter to the Serious Fraud Office
“CharteredR21; Accountants (ICAEW, ACA, ACCA, et. al.) reputations are damaged for years
Financial Conduct Authority gets overhauled (again)
Ernst & Young get massive fine
Banks and bankers involved get fined
Shetty and co-conspirators receive large fines and jail sentences
Muddy Waters/Carson Block get shutdown for insider trading

Case 6.
NMC goes into administration, gets bought out on the cheap. We, shareholders get zero (total loss) and the ones who caused this walk off unscathed.

We'll have to wait and see...

[karateboy] 15/3/2020 19:19

UAE doesn't need to pay any debts that are not obtained legally. . That $2.7b which NMC board not approved.NMC has the best people now advising them. We need to wait and see. With a bit of big stick from UAE, creditors and big share holders need to get together and resolve this fraudulent mess. Administration is possible but shareholders will start court actions and UAE weak financial governance and dirty laundries will be there for every body to see.

[nael2020] 15/3/2020 18:36

Guys ignore the jinxed people. I will give you the conclusion
NMC will never get bust because If shareholders wiped out people will not invest in the UAE again in addition to the lawsuits and litigations . They are aware this will cost the UAE far more than the 5 billion needed to clear the debt.

[nael2020] 15/3/2020 18:27

I dont think so you be so touchy because you are such of thick and sensless

[smartie6] 15/3/2020 18:23

I don’t believe I’d be so touchy.

[nael2020] 15/3/2020 18:21

Have had your Dose or not yet ???

[sweepie2] 15/3/2020 18:20

News coming there very soon according to my sources, will post here if it comes off but if a company that you had shares in went bust or got suspended would you appreciate somebody coming on to blow a giant raspberry into your face