The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Mrahman - the banks have had time to consider the situation, even as a profitable going concern the business would probably not be able to service $6.6bn of debt and IMO after looking at the accounts the profits do look large for a healthcare business, as MW suggested. Maybe the banks have reports which also suggest this?
Bank's are not equipped to run businesses, they just want as much back as possible and to move on.
Mrahman - ADCB claims nmc failed to implement the changes they wanted. I don’t think they want admin but what choice do they have? They can’t trust nmc and belhoul looks to be a front for butti and maybe shetty too (given his super quick endorsement). Nmc shot themselves in the foot (or the face?) by appointing belhoul.
I don't understand how the creditors think they will be better off taking NMC to adminstration rather than giving NMC the time where there is better chance of getting their more money back if NMC is a profitable business & going concern?
Sorry Mrd - i don't see anything for shareholders - the lenders will take all the value and even they will take at least an 80% haircut, I doubt there is much more than a $bn in the assets in an admin fire sale, if the true indebtedness is $6.6 bn, the outlook for all is grim - well except Shetty!.
Yep admin means jeeero. We may after many years get 10 pence a share... if they manage to find the billions.
Dude, shareholders are gone, the equity is now worthless... whatever shape the company may/may not come back in has no bearing on current shareholders. It’s a zero. Sorry to state the obvious but we have to understand this reality and now end all this false hope.