Member Info for adzy2k11

“I wonder if its one of their companies thats calling in some guaranteed debt“

Unless they own Citi, JPM and SC, then I doubt it. You guys have same weird fantasies

Read the RNS:

Pursuant to (i) an investment management agreement between KBO and Ithmar Capital Partners Limited ("ICP") and (ii) an investment management agreement between SMB and ICP, in each case entered into on 01 March 2020, ICP has been engaged by each of KBO and SMB to provide investment advisory and management services to KBO. As part of these arrangements, KBO and SMB have granted control over the voting rights in their respective shares held by each of KBO and SMB to ICP.

KBO: 17,776,468 - 8.52%
SMB: 1,000,000 - 0.48%
Other non KBO and SMB related interests held by Khaleefa Bin Butti and H.E. Saeed Bin Butti: 17,467,612 - 8.37%

So they only transferred KBO and SMB stakes = 9% to ICP.

Sorry typo: from 27 Feb RNS ... buttis = 19.81% + from 24 Feb RNS... shetty = 9.81% ... total is 29.6%

Do the maths from the latest holding rns’s

Yup! He was fantasising.

https://www.theguardian.com/business/2020/mar/02/nmc-health-asks-for-debt-standstill-amid-accounting-scandal

Suggests they could put up collateral as opposed to paying back the debt.

It all seems too convenient to not have more to this than what we’ve told... the combined ownership has dropped to 29.9% - just enough to trigger this clause which seemingly wasn’t known to anyone else?
Something is going on behind the scenes here, we’ve still not been told what problems operationally, if any, exist.

You’re presuming they don’t find alternative funding sources... don’t rule that out yet.

Ratings agencies are the most useless things that exist. They are always late.

It means someone is willing to buy $100k in the US listing of NMC... perhaps they are crazy...

Up 32%! Wow!!

https://www.bloomberg.com/quote/NMHLY:US

I, like everyone else, have no idea Deos.

I’m just studying this as we learn more.

I wonder who’s buying the ADR (at $7.55 now)

Offering a tasty 26% yield right now. I reckon that will end up being a decent investment when the dust settles.

I think people are more concerned on whether it comes back at all, and not at which price!

Pioneer - the RNS says:
“ In the event of a trigger, unutilised commitments are cancelled and outstanding participations become due and payable if so requested by an individual lender ”

The former (cancellation) will likely already be done, the lenders would be nuts not to, but the request to pardon on the rest becoming Immediately payable is what there is still a slim hope for

They will obviously think that because they crazily have all their life savings in it. It just serves no purpose to keep telling them it’s worthless because the time to be negative was before the suspension as I was probably one of few banging on about the risks... saying it now serves no purpose as there ain’t sh*t they can do about it

Sucking up all that convertible bond debt, somebody sees value...

Remember when Greek govt debt yielded over 30% and then went to 2%... bond buyers can make an absolute killing.

Includes unused $400m RCF ... which they will have probably lost access to given the drop to below 30% ownership

Wow pearls, very useful, like nobody on here didn’t know that, right?

Do you want to clarify to us what colour the sun is too?

Just bought up 9%... what the f*ck