Member Info for adamk87

Smallest of volumes pushing this up, ipo at over 150p 8 months ago - no reason for the fall and those loading up at 70-80p thought they were getting a bargain.

With smallish buys this will continue to move up fast, with any real volume this will fly. GL

Has a broker forecast not long ago at 580p

Weak? Lol give it a rest and spare a thought for lth.

Like others 1900+ on open was too good for me to resist having bought a fair few at an average of 1525.

That said, the rns’s this morning were short, sweet with promise of more to come. I believe and hope Muddy Waters will get shafted as they did in China a few months ago shorting a stock, for the sake of lth.

If in the meantime trading opportunities present themselves then.....GL

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.

- considering any news flow will likely push this back to where it was or beyond, its definately worth trading on the way up.

Muddy Waters is coming off a short attack loss in China in July, after it said sportswear company Anta boosted its margins “fraudulently”. The company saw a share price dip in Hong Kong in early July after the fund issued a report about it, but is now worth a third more than before the attack.

He’s not shorting, he’s dreaming LOL.

Investor Chronicles had this at a buy above £25 and still consider it a hold.

- NMC has not yet responded to Muddy Waters’ claims. Before a direct response, it’s hard to judge the veracity of the hedge fund’s work, which included asking NMC itself what was happening using a pseudonym. Tellingly, Muddy Waters does not directly accuse NMC and its directors of fraud, using language such as "indications" of fraud and "possible" fraud. Questioning asset purchase prices is reasonable, but Muddy Waters needs to give more detail around why the prices paid are too high. The damage has been done from this attack, however, and some of the mud will likely stick. Muddy Waters often publishes several reports on a single company, so there could also be more to come. Without a rebuttal, we are not going to write off NMC, so move to a hold recommendation.
Last IC View: Buy, 2,459p, 22 Aug 2019

- I have a feeling NMC will throw the kitchen sink at Muddy Waters, with Burford already filing legal proceedings against them lets hope these f**kers are wiped out before long.

Muddy Waters is coming off a short attack loss in China in July, after it said sportswear company Anta boosted its margins “fraudulently”. The company saw a share price dip in Hong Kong in early July after the fund issued a report about it, but is now worth a third more than before the attack.

A spokesperson for NMC said that the company would respond to the Muddy Waters report, but did not have any further comment.

- Love this. Short attack loss! Well deserved for these scum bags.

Riddler according to L2 and the uncrossed trade, closing price was 1747.50 matching the ask. GL

Lovely indeed for those of us in today (im in for 3000 shares, 1k tranches bought at 1550, 1500 and 1485).

Lets spare a thought for those LTH here who are sat at a 35% loss today, this will open up 5-10% up in morning and hopefully a statement from the company will put MW back in their hole and get this trading above 2000 and closer to 2500.

I really dont understand how unfounded allegations from a glorified shorter can affect a ftse100 company as it did today (as it did in Burford) but these guys aren’t mugs and have finances beyond comprehension.

As i said earlier when buying, no way these Arabs will let their golden child get violated as this has today without coming back with vengeance.

Went into auction prior to close, L2 now showing bid on 1733 and ask at 1747.50

Upshunt you wanted 17.50 you have it. This will open up @ £17.50 in morning

Depending on the contents of the rns this could very easily get back to where it was considering nature of the beast in play. GL

No risk = no reward.

Company will release statement which will aid recovery.

Minimum of £18 imo. GL

Rmr 100% feel so sorry for lth caught up in this farce. Hopefully this gets back to where it was for them or they had a chance to average down.

This will work its way back to 1800 imo.

Arabs wont like a pesky little american firm playing with their golden child. Will bounce hard from here imo

Says the guy following Suhail around LOL - you cant blame him for not banking profit or you being spiked over at RLD.

The same guy who after a 80% drop at TLW to 40p was saying it will drop to 10p so you could make a few hundred quid on a trade, when others had lost tens of thousands. Glad you had your pants down today, scum like you deserve nothing more.

Go cry elsewhere please.

Thats mine at 4.01pm! 4m now and will continue to accumulate down here. GL

Agreed, excellent post.