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Im saying that as a holder whose totally accepted il get 400p or 900p or wait a few years and get 1500p.
This is not going bust. They might have really great results and open up. Dont listen to the noise..... discrepancies could be minimal. Credit financing may be wound down before results.
Whilst I do expect more issues. The suspension action says they're protecting the value. Was it demanded by major shareholders which now own over 40% of shares?
Strongly believe all bad news will be out soon and rectified before the market reopens.
Banks & bond investors typically max out their lending at 5 X ebitda in the healthcare sector. More when the company owns their freeholds (I don’t know the NMC actual ownership position)
However it’s really hard to see how this doesn’t require a financial restructuring. Sorry shareholders.
“If there are no further issues”
Big IF there, I think it’s prudent to assume there’s more to come...
Are we now speculating that this will go bust? Bit extreme isn't it if there are no further major issues?
Would Clermont let MW win again..
Lets hope they accumulate more when it opens.
Investing is differing to buying/bailing out.
Clermont did seem pretty desperate to accumulate. Maybe they didn’t see the suspension coming (like with Sino Forest) or maybe they did and were just trying to buy “seats at the table”...
As with the billionaire Turk & TCG and mike Ashley & debs, an accumulation in stake doesn’t mean it can’t go bust.
I suggest you check out Mubadala Investment Company on Google lol. It’s rather what private businesses they haven’t invested in haha.
Clermont more likely. Already called for good governance and slowdown in expansion.
I believe bid will be concluded before the suspension is lifted.
Lol that’s a first... any precedent to this? Why other private businesses did the Abu Dhabi govt acquire?
In my opinion this company will be acquired shortly by the Govt of Abu Dhabi. They are the only credible buyer and they will want all the public “headlines” to go away so the main hospital provider in the UAE can operate with certainty.
We est. 363p as a fundamental NMC floor value, but sentiment hit could be greater: In our recent deep-dive franchise report on NMC, our LV downside price target is 200p. As NMC has identified supply chain finance arrangements and discrepancies in cash balances, in our view it may be prudent to assume: 1) an extra $335m of gross debt in 2019; 2) only consider 25% of our est. of NMC’s $803m 2019 gross cash balance ahead of further details. This would give an implied net debt in 2019 of $2,436m vs. JEFe $1,499m. As NMC states that the current drawdown of supply chain facilities is unknown, we assume $2.5bn of total debt. We also believe it may be prudent to consider the possibility that at FY there may be some adjs to profitability. We estimate that if HC post corporate is lower and there are adjs to rejection rates, without further details investors could assume $500m group EBITDA if they were to also discount the surge in distribution margins. This compares to a published JEFe est. $578m and guidance $575-585m. If investors applied 8x '19E EBITDA it gives a 544p implied share price, or 495p completely discounting cash. A $3bn gross debt figure gives 363p.