Nmc Health Share Discussion Threads

[mister md] 17/12/2019 14:33

I recall Burford did a short statement on the day and then a full rebuttal the following day(s) ?

[stdyeddy] 17/12/2019 14:30

It takes a while for a large quoted business to get an RNS together MrD. First someone has to decide to do something about the share price drop and realise they need an RNS. Someone's got to write it, and then a couple of board directors and a lawyer are going argue about the words before signing it off. We're more likely to see something in the morning.

[mister md] 17/12/2019 14:26

so are they going to RNS a response or are they all at their annual xmas party ?

[stdyeddy] 17/12/2019 14:23

Any chartists here want to give some advice on the lower bound resistance line on the one year chart? Maybe that would be a good place to buy in.

[onjohn] 17/12/2019 14:18

adnan1717 Dec '19 - 13:45 - 15043 of 15046
0 2 0
I know this is not a forum for NMC, but the behavior of Muddy Waters is truly disgusting and appears to be based on very weak data.

For example MW quotes fraud in the purchase of an asset:

"Such an outlier price for NMC Royal Women’s suggests significant overpayment. When our
investigators informed a UAE Health Ministry official of the $70 million construction cost, they
reported back that he thought that was “likely to be a very exaggerated amount”, and given the
building already existed, he estimated it ought to have cost at most $14 million to redevelop. 2
An executive at the Abu Dhabi Department of Health reacted by telling our investigators that
“something fishy” was going on with the contractor costs, given that there was significant
existing building infrastructure.3
A person who had some knowledge of the land lease terms
stated that the agreement “seemed less than straightforward̶1;.

However when I look at the footnotes to check the source of MW (points 2 and 3 above) claims it only states the following

2 Investigator interview of Ministry of Health executive, 2019. 3 Investigator interview of Abu Dhabi Department of Health executive, 2019.

It almost appears that MW just makes things up. Who knows who these sources are? How credible are these sources? Are these sources qualified architects/engineers/surveyors/valuers?

[stdyeddy] 17/12/2019 14:16

I watched tullow drop like a stone last week by 71%. Couldn't believe it would go so low and bought in too early. Luckily, just a very small stake, so was able to average down easily the following day and join the recovery. It turned out well after 3 days.

[rabbitfoot1] 17/12/2019 14:14

Unbelievably damning report: hxxp://d.muddywatersresearch.com/content/uploads/2019/12/MW_NMC_12172019-1.pdf

[stdyeddy] 17/12/2019 14:14

Sorry if you're long. I'm sure this'll bounce hard tomorrow. For now, maybe just look away?

[pj0077] 17/12/2019 14:12

Did any of those 12 genius analysts incorporate fraud into their price targets, ONjohn?

[stdyeddy] 17/12/2019 14:12

too early matt. I said as much before.

[mattcookson] 17/12/2019 14:11

Seem to have bottomed out, on its way back up now!

[itsnotmeitsy0u] 17/12/2019 14:08

when the us markets open it is either going to recover slightly or fall further off a cliff

[stdyeddy] 17/12/2019 14:07

matt, am going to buy before the close. Not sure how much though. Just a small punt probably.

[stdyeddy] 17/12/2019 14:06

A better tactic might be to buy just before the close today, if you're determined to go long.

Though the performance tomorrow will depend a lot on how well NMC is able to argue its case against MW's report. Though Burford came back quickly with an initial rebuttal, I think it took them a few days to muster a convincing argument.

[onjohn] 17/12/2019 14:05

Muddy manipulate the SETTS MM

[mikeoxard] 17/12/2019 14:05

if you want to see who is right on whats going on - just look at the price dummy

[itsnotmeitsy0u] 17/12/2019 14:05

read the MW report you dimwit - how can you ask for investment advice on a bulletin board??

[mattcookson] 17/12/2019 14:04

Stdyeddy - shorting are we?? :)

[stdyeddy] 17/12/2019 14:03

People catching this particular knife early might simply be throwing fuel on the fire, their stops will trigger even more selling.

[stdyeddy] 17/12/2019 14:01

I wouldn't be too sure. The chart looks like a straight line to 1500 at the moment. And since NMC is planning a share buyback, it's not necessarily in their interest to do anything immediately. Much better to let the share price drop as far as it will go, buyback post-close/pre-open and put out an RNS tomorrow refuting the MW report. NMC might get 80% more of its shares in the buyback that way.

[onjohn] 17/12/2019 13:59

Twelve of the analysts tracked by Bloomberg have a buy rating or equivalent on NMC, while only one has a sell. The average 12 month price target of 3706.5 pence, according to a Bloomberg consensus of analyst estimates, suggests a return potential of 87%.

[mattcookson] 17/12/2019 13:57

Agreed Daneth! It exactly that acquisition without any evidence, fall is over done, these will recover nicely once the initial panic selling is over , which seems to have now. Good time to dip a toe in and buy a few on the cheap IMO.

[rabbitfoot1] 17/12/2019 13:56

Does anyone know what kind of risk -- if any -- Muddy Waters is taking in issuing such accusations if they remain unsubstantiated or are proven to be false? Have they ever been in the wrong before when attacking a company as they are NMC?