Nmc Health Share Discussion Threads

[stdyeddy] 18/12/2019 11:17

Stoxx, have you read the Muddy Waters report on NMC?

[gilesy] 18/12/2019 11:09

todays press release

NMC will review the assertions, insinuations and accusations made in the report, which appear principally unfounded, baseless and misleading, containing many errors of fact, and will respond in detail in due course.

how long does it take to produce a rebuttal of the 'many errors of facts' ?
should be their immediate priority assuming they are not being 'economical with the truth' even allowing for the lizard lawyers needing to check it

[stdyeddy] 18/12/2019 11:05

I reckon a price that would make that dividend around 4% would be fair, so approx 650p at the moment. That way, if the directors are creaming off the cash, at least the investors get some kind of reasonable return.

[buoycat] 18/12/2019 10:59

I was a holder in conviviality...just too risky to hold here until things are clarified.

[stdyeddy] 18/12/2019 10:43

Slowly but surely?

[stdyeddy] 18/12/2019 10:30

Looks like we might be heading down.

[jackmiller] 18/12/2019 10:30

As per some news reports, the company is planning for a Buyback programme, it is a move to reduce the share capital of the Company. The company will be repurchasing approx 20,000,000 shares

[ny boy] 18/12/2019 10:12

Biteherbutt..how do you get to type in red, it could be useful to highlight the odd word or phase but not a big fan of a whole post in red type!

[stdyeddy] 18/12/2019 10:11

No, MrD but I haven't said that he's possibly buying more. Best way to find out would be to ask him. And then check the disclosure the following day.

[stdyeddy] 18/12/2019 10:09

Nothing to stop you trading and reporting on a company lionhead if you admit it upfront. If you can be right all of the time and back up your research with facts and figures, I'm sure you'd find plenty of fans. It's what most hedgefunds do anyway. How many powerpoint presentations have you sat through while some Indian analysts tell you that they've uncovered some numbers that don't add up (or do add up hugely) and they recommend a short or a buy?

[mister md] 18/12/2019 10:09

No, have you ?

[stdyeddy] 18/12/2019 10:04

Have you phoned him to ask MrD?

[lionheart69uk1] 18/12/2019 10:03

Despite what Bunnypaw says, I cannot help comparing NMC with the Burford hammering by Muddy Waters. It fell from 1450p to 605p but never recovered, now standing at 710p. In my view, MW should not be allowed to trade and report on the same company, as the conflict of interest is too obvious. However, what's done is done. My overnight prediction of a rise to 2125p for NMC has now been replaced by an expected trading range of 17-1900p so trading is not really worth the hassle. Other recovery options like TLW seem much more attractive to me.

[mister md] 18/12/2019 10:03

"on 30 May 2019, Mr Prasanth Manghat, CEO and Executive Director of the Company, purchased 75,000 ordinary shares of 10p each in the Company ("Shares") at a price of 2495.36 pence per share."

Aside from the buyback, perhaps the CEO may be buying more? He's down 0.5m on his last purchase though.

[stdyeddy] 18/12/2019 09:59

good luck chick. Do you really think it'll go up? Am I wrong in thinking that most long-term holders will have read the MW report and concluded that they're being conned by the NMC directors? I sold too, after the open. I've got a small short open; small because I realise we're not likely to see the true market at work here. I imagine the price will be managed through the buyback (at least, that's the threat).

[stdyeddy] 18/12/2019 09:57

John Ill (can I just call you Kim, cos I know it's you); it'll take a few days for the arabs to figure out how to fib well enough in the face of the bald facts.

[ch1ck] 18/12/2019 09:56

The morning first hour craziness ha settled. I'm up from my buy yesterday Sold at the open buying back in today

[johngill1] 18/12/2019 09:53

You would have expected a detailed point-by-point rebuttal of a 34-page report prepared by IR, cleared and fact-checked by legal and submitted within 18 hours? Has any company in existence ever done that?

[stdyeddy] 18/12/2019 09:53

£27m has been traded already this morning MrD, so I think we can say that the buyback has started. I mean, no one would buy without reading the MW report first, would they? And after they've read it, I feel sure no one would buy. So presumably most, if not all of the buying is being done by NMC.

[rumobejo] 18/12/2019 09:52

hope they buy back a lot more at 999p

[mister md] 18/12/2019 09:38

wonder at what time today NMC start their buyback of upto US$200m worth of shares ?

[gilesy] 18/12/2019 09:37

I would have expected a detailed point by point rebuttal issued by senior management of the MW report by now if its content was factually incorrect. i agree with skatersavs views on the significance.
will be interesting to follow this share thankfully as a neutral observer

[skatersav] 18/12/2019 09:33

(No position). MW are always right. They have the benefit of looking backwards - they don’t need to speculate on the future like most investors. Their analysis is based on what has happened in the past. Whether investors subsequently consider their revelations important or not is another matter, but their analysis is always correct. How many times have they been successfully sued?: 0. How many companies have subsequently been turfed off the exchange?: 6. You can decide to ignore their analysis, or you can conclude that the revelations are immaterial to the investment case (!), but doubting the veracity of their work would be a bad move.

[gilesy] 18/12/2019 09:31

I sold out of dixons about a year ago and certainly would not be in a hurry to buy again. high debts levels and low profit margins. rise of internet shopping has removed its attraction totally.