Nmc Health Share Discussion Threads

[dudishes] 15/4/2020 17:11

Maybe (laugh), go stick more money into BUR, the next one to fall!

[dudishes] 15/4/2020 17:05

UK market price by me incorrect:=

Russell rates 0,0001p

Shorts were closed recently, longs also.

Shareholders, not bonds, receive ZERO p.

Take it in - £14 @ 1000 shares, done it, yep Kk was right, Wolf mines, no big deal, made £54K on DJ today, again, no big deal.

Get over it, done and dusted!

[silverstone1] 15/4/2020 16:45

THE CONVERSION RATIO IS PAR!

[damp seaweed] 15/4/2020 16:40

The ADR activity is very curious. I had assumed it was just a few shares being tossed around. But the volume is actually quite respectable.
Does anyone know what the conversion ratio is to the LSE shares?

As a footnote, I wouldn’t read too much into this activity. I doubt it has any relevance to the UK LSE shares. It is more likely these ADR’s, through US law, might have some claim on the assets. But that is a pure guess on my part, and I certainly wouldn’t recommend anyone consider buy/ sell trade them.

[silverstone1] 15/4/2020 16:39

ADR HAVE CRASHED TO $7.50!😂

[silverstone1] 15/4/2020 16:31

NO ONE CAN ACCURATELY BUY AT THE BOTTOM AND ACCURATELY SELL AT THE TOP, THEREFORE, BUYING NEAR THE BOTTOM AT $0.14 ON MONDAY AND SELLING NEAR THE TOP AT $14.00 TODAY WOULD HAVE BEEN A HUNDRED BAGGER IN TWO DAYS!😂

[nael2020] 15/4/2020 15:28

ADR 170% up !!!!

[silverstone1] 15/4/2020 15:21

YOU LOT SHOULD HAVE AVERAGED DOWN AT $0.13 ON MONDAY!😂

[silverstone1] 15/4/2020 15:05

NMC AMERICAN DEPOSITORY RECEIPTS ARE $15.00 ALREADY!😂

[silverstone1] 15/4/2020 14:48

GOOD LUCK DIMWITS!😂

[monte1] 15/4/2020 13:54

It is - if you are an employee or customer.

[urbanvoltage] 15/4/2020 13:46

April 20 the administrators present their plan to the banks....unless that changes!
hxxps://www.arabianbusiness.com/banking-finance/445088-adcb-to-lead-nmc-health-lenders-group-formed-to-hold-talks-on-66bn-debt
I thought this was encouraging.... "ADCB continues to work closely with other creditors and the joint administrators to ensure continuity of NMC Health’s operations and a rapid recovery of the business."

[karateboy] 15/4/2020 13:20

Any body knows how to get in touch with Belhoul, our real exceetive chairman. He seems to be a very decent man.

[karateboy] 15/4/2020 13:18

Good luck to ADCB. If creditors can get a good proportion of their $5b back, we as share holders can get our company back. These crooks are rich, they have the option of giving the money back or going to prison and getting their assets frozen.

[urbanvoltage] 15/4/2020 12:12

Dubai: ADCB has initiated criminal legal proceeding with the Attorney-General in Abu Dhabi against a number of individuals in relation to NMC Health Group, the UAE's largest healthcare operator.

"This action is consistent with the bank’s objective to protect its interests," the Abu Dhabi bank said in a statement, "ADCB continues to work closely with other creditors and the joint administrators to ensure continuity of NMC Health’s operations and a rapid recovery of the business."

ADCB did not, in its statement, indicate the names of the people against whom charges have been filed. Nor has the bank – which has an exposure of Dh3.6 billion to NMC Health – confirm how many people are involved.

The charges relate to a missing $4 billion plus that was taken out by NMC Health from local and international banks… and without any of that amount figuring in the company’s books.

UAE banks alone have a combined exposure of Dh10 billion.


lion. ‘Gulf News’ contacted NMC Health but has so far not ascertained who all come under the charges.

It is also not known whether all these members were ex-officials at NMC or had been associated with the company in other capacities. And also unclear at this moment is whether any former members of the Board of Directors have been named.

Most of the ex-management, including the former CEO Prashant Manghat, are reportedly outside the country. Dr. B.R. Shetty, NMC’s founder and until recently the chairman, has been in India for some time.

Crack the whip
The filing of criminal charges is the best indication that the internal investigations into the previous NMC management’s activities are winding down and it’s time for the local courts to take over.


It is not known whether separate charges will also be filed in the UK since NMC is listed on the London Stock Exchange. And it was on April 9 that the UK High Court appointed three administrators to take over the running of the hospital operator, effectively superseding the interim management that was led by Faisal Belhoul, who recently acquired 9 per cent in the company.

Second big corporate scandal
This is the second major corporate scandal to reach the Abu Dhabi courts/prosecution in recent times – the current management at Drake & Scull International, once one of the biggest names in the UAE construction sector, has filed charges against the previous management, including a former CEO , Khaldoun Tabari. He was arrested at Jordan International Airport on January 15.

Shot of confidence

Filing of charges by ADCB will be a booster shot for other lenders to NMC, banking sources said. Time will tell whether other banks will also be filing separate charges.


Expose all “wrongdoings” was a theme Belhoul had been insisting upon all through his stint as chairman at NMC. “It remains crucial that the investigation into any and all prior wrongdoings at the company is fully supported with relevant authorities,” said Belhoul, who emains an influential figure with his 9 per cent holding in NMC Health.

“I will do all in my power to support this process, working with the administration team and other partners.”

More to follow...

[karateboy] 15/4/2020 11:53

I am not sure ' stick to the Beano you guys lol ' is a good English!! We need a bit of sense of humour here!

[xtomo] 15/4/2020 11:35

It's been weeks since I've visited this board and I see the grammar and spelling still resembles what a five year old might achieve. Stick to the Beano you guys lol.

[dudishes] 15/4/2020 05:14

0.001cent ref. or something like, shorts have been closed.

Opens not!

Go figure.

[waynesplash] 15/4/2020 00:23

Sorry to hear idoflykathy.

Theres a lot more difference than money, ride, handling, style, room. If you have ever drove, and I dont think a woman in her late 60s would be driving, as soon as you jump in a Autobiography, then hit the gas on a few corners, you know, a hard suspension car like you talk about, is hard work and no fun to drive, but the Autobiography, is so much fun to drive, you would rather be in her, than any other car.

And the big difference between mine and yours, is you can see mine is real from my photos next to me, but we all know you at the most, will have an airfix model. Get real woman, you have nothing, and never did, or you could prove it.

Note how I can keep you here teasing you and getting you so wound up, you then talk of the cars that are priceless.

Wayne

[silverstone1] 14/4/2020 22:11

THE ONLY DIFFERENCE BETWEEN A RANGE ROVER AUTOBIOGRAPHY AND AN ASTON MARTIN DBR1/1 IS ABOUT £17.5 MILLION!😂

[idoflykathy] 14/4/2020 22:08

"""UK authorities suggest that the disappearance of well known ADVFN retail investor Asusasus is likely linked to him losing his entire life savings following a failed investment in NMC Healthcare.

Once a multi-millionaire diamond trader, Asusasus reportedly saw his fortune slowly diminish following a string of failed investments in the likes of Tullow Oil, Thomas Cook, Debenhams and, more recently, Metro Bank. Down to his last £100,000, Asusasus reportedly listened to financial advice from notorious forum ramper Pione3r and invested in NMC. But instead of recovering his losses, Pione3r's advice was to ultimately be his undoing, leading to a 100% wipeout for Asusasus.


Asked whether he had any evidence that Pione3r was qualified to give out financial advice, a representative of the FCA replied "Unfortunately not, he was struck off over 5 years ago for unscrupulous conduct in which he convinced his clients to invest in stocks that Pion3er himself also owned, a scheme dubbed The Pio'n'dump'.

"There’s a lot of rumour and speculation in a wide variety of media, including across the ADVFN and LSE forums, the financial blog sites, etc. It should be no surprise to you that we’ve taken a keen interest in finding out the whereabouts of Pione3r as he has some serious questions that need answering."

[silverstone1] 14/4/2020 21:35

I HAVE ASTON MARTIN, NOT SHARES, BUT DBR1/1!😂