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It’s not done the 6% we saw, hopefully indication is -5% tomorrow.
US Market Live Trading Price-
https://www.bloomberg.com/quote/NMHLY:US
How can this be up to £9.30 in USA.
And everyone said freeh wouldn't do his job..
Sounds like they got greedy and found a way of cashing in their shares without cashing them in. Think this was known today hence the rise ,now be taken over.
Company still strong ,sounds to me like MW are trying to muddy the water by saying we may not have it spot on but by putting the spotlight on it has revealed bla bla .
“ The company is fundamentally trading strongly”
Wtf? Lol we’ve just been told the financial accounts are false, the debt is understated and cash likely much lower and so in turn we can assume the reported margins and profits are materially lower.
This is a total mess, how can you make a comment that fundamentals are strong?!
If the shares were trading 2500 to 3500 they would tank but they have already tanned because of all of these governance issues. It looks like they are getting it all out in the open now and overall it does not look too bad to me.. based on the share price. The company is fundamentally trading strongly. They need to get past these sticky issues.
New - the only thing I can think of is of hiring Freeh
1) to play for time
2) face off the market and support the s/p so he can sell more shs
3) plead ignorance for his actions
4) BOD insisted he did it
The only reason I can think of is that this was expected by the market and we might not see that big of a drop tomorrow.
They are effectively cleaning all the crap.
The SP didnt tank when those 3 Emrati Share Holders resigned and the SP did boost a little when Shetty re-signed. So we might see an opening SP of between £8-£9
Fingers crossed for all the LTH
Great questions. My word of advice is don’t believe everything you’re about to be told on here. The US market is giving a pretty good indication of the impact IMO.
Exactly the same question I have!!
What I don’t understand is if they knew about this, why hire this guy? I bought in because they did hire this guy & I convinced myself they must have nothing to hide.
And why isn’t the price in the USA tanking ?