Nmc Health Share Discussion Threads

[monte1] 27/4/2020 08:42

🎤 Indeed 🎼

vbrs
T Fat-Lady

[mwainw1973] 27/4/2020 08:36

Is that it then game over ?

[ham74] 27/4/2020 08:07

Listing now cancelled. I wonder if we will see any more off book trades now ?

[karateboy] 26/4/2020 16:18

Going after these crooks are hotting up and getting a bit of momentum. This is just the beginning. Banks ordered by UAE central bank to seiz assets and provide all the money transfer by Shetty and other companies related to him up to this date. It is just directed at Shetty and his families not the others yet.

[ham74] 25/4/2020 17:13

I’m told the convertible bonds have been trading at 5 bid 10 offered for some time, but these trades appear to be ordinary shares.

[ham74] 25/4/2020 17:12

I’m told the convertible bonds have been trading at 5 bid 10 offered for some time, but these trades appear to be ordinary shares.

[ham74] 24/4/2020 22:25

Off book trades I think. No idea how they’re dine or what broker or platform they might be done through.

[lako42] 24/4/2020 21:26

In the last day or so trades have been going through according LSE.

How is that possible?

[goliard] 24/4/2020 14:37

That must be a mistake at 10p as there is no way the shares are worth that much.

But seriously the other option is that with NMC is administration they are now listing the shares at their basic nominal value which is 10p for NMC (the 1p difference probably another technical issue for things like unissued shares or unpaid for). The nominal value is just a technicality really and does not imply any real value. It is like when you set up a new company on Companies House you have to issue a certian number of shares (say 100) and they have a nominal price (10p or even £1 is often used). The new shareholders put in the 10 or £1 per share into the company when they are issued the shares. The company might be worth billions, or nothing, but the nominal value is what is shown. If you look at NMC announcements (or any other company) you will often see the shares described as "10p ordinary shares" irrespective of what the trading price is. In theory that 10p per share should always be in the company bank account and never spent, hence it is a base price and could just as easily have been 1p or 100p. The important point is - it is meaningless.

[martindjzz] 24/4/2020 13:50

The CNBC ticker today is showing the same 99% fall.

[thomstar] 24/4/2020 13:37

Showing 99 % down on investing.com I'd like to know what the F is going on here

[vas007] 24/4/2020 11:03

Appreciate all well posted messages I also await good news on NMC.

[damp seaweed] 23/4/2020 11:55

If there is a serious criminal prosecution, and the assets of those accused are seized. Then there is a good chance that NMC has some value. I can’t see India providing much of a safe haven for the accused.

[karateboy] 22/4/2020 22:24

Common Nael , what is wrong with you today? Keep up your spirit. We will be suing greedy banks and those 6 six rich crooks. The only way is up from here. I sleep better than those 6 rich crooks at night knowing I am not going to prison, my money may have gone but not my honesty and reputations. What about those crooks?
ADR ownership has changed last 10 days,..completely new ADR share holders now. Let's see what these people saying?
Keep up your spirit my friend.

[nael2020] 22/4/2020 17:34

ADR IS 0.15 -65% that is set , I think we have fking done ???

[karateboy] 22/4/2020 13:41

Ch1ck.recently very large volumes of shares reported in ADR...it may be that. Or it is just informal transfer between investment banks...Morgan Stanley reduced its holding from 5.2% to under 3% percent . Previously last week they increased it to 5.2%.

[karateboy] 22/4/2020 13:35

We should hopefully hear soon what UAE public prosecutor has done about the bank's complaint. I guess they are going through the evidence at the moment. I think these 6 people have enough assets and wealth to cough off $4b Stolen money.

[ch1ck] 22/4/2020 13:29

Just read the latest RNSAm I reading this correctly it seems to me that some companies are still trading these shares how can that be?

[goliard] 22/4/2020 12:51

(MENAFN - Khaleej Times) Abu Dhabi Commercial Bank, which has the largest exposure of Dh3 billion to NMC Healthcare, has filed a criminal complaint, alleging fraud and forgery against six people, including founder BR Shetty, and former CEO Prasnath Manghat, linked to the embattled group.
ADCB confirmed the move in a statement on Wednesday but did not identify the accused.
However, a copy of the complaint obtained by Khaleej Times identified, besides Shetty and Manghat, other four accused as Suresh Kumar, Prashanth Shenoy, Saeed Mohamed Butti Mohamed Al Qebaisi and Khaleefa Butti Omair Yousif Ahmad Al Muhairi.
ADCB said it was acting on its own behalf and on behalf of its subsidiary Al Hilal Bank and its acquired bank United National Bank. The charges levelled against the accused include forgery of financial records and fraud.
The fraud was committed as a result of collusion between the accused to fabricate and use forged financial statements in which they had willfully misstated the accumulated liabilities of the NMC Group, said the complaint.
Besides, the accused presented false valuations to ADCB and its subsidiaries and materially misstated their ability to service the best such that the complainant was fraudulently deceived into granting facilities which NMC drew down ADCB said in its complaint.
Shetty, who is in India, told Khaleej Times that he would respond to the charges after consulting with his legal advisors.
Apart from requesting for the opening of a criminal case against the accused for the offences cited, the lender pleaded to the public prosecution to conduct an investigation into the accused and their involvement in the offences outlined in the complaint and issue a travel ban to prevent them from travelling and direct the Central Bank to freeze all accounts belonging to the accused and all their family members, up to three degrees removed, as well as private company accounts belonging to them, to prevent disposal of assets.
The lender also requested the prosecution to direct all economic departments and free zone authorities in the UAE to identify and freeze all companies or economic entities belonging to the accused, or members of their families to prevent the disposal of assets, including any movable and/or immovable property and real estate inside and outside the state; and authorize a raid and search of the residence of all the accused including the confiscation of all papers and financial documents, computers and any other relevant evidence.
Abdulaziz Al Ghurair, chairman of the UAE Banks Federation, has said what happened with NMC is a world-class fraud, and the management and board members should be held accountable.
Faisal Belhoul, chairman of Ithmar Capital Partners, who had to quit within days after taking over the reins of NMC Health as its executive chairman last week, said on Tuesday it was crucial that an investigation into all wrongdoings at the company should be pursued.

[diverzeusy1] 21/4/2020 18:41

Ham74, yeah the board voted to run the company by the shareholders? had no knowledge, so basically nmc have been used, with no knowledge, to get unauthorised cash from lenders??
When I applied for a mortgage the lenders do checks and ask for information, surely the lenders are as much to blame unless paperwork stacks up, in which case someone is a thief/con merchant, 😡☹A039;😢㈇7;

[ham74] 21/4/2020 18:15

Board say they had no knowledge of the extra 4bn loans.

[bulltradept] 21/4/2020 16:50

Who made these loans was it the board?

[silverstone1] 20/4/2020 19:51

NMHLY ARE NOT PK, THEY ARE OB AND DIGITAL PLATFORMS ARE ONLY FOR SMALL TRADES, OPEN A BROKERAGE ACCOUNT WITH ANY US BROKER FOR LARGE TRADES, BUT NMHLY ARE FINISHED!