Member Info for adzy2k11

Yes I did... ;-)

GKI and KGI are nobodys, so anyone investing with the hope of a takeover is sadly going to be disappointed. The fact that the stock has hardly bounced shows the market thinks the same...

KKR on the other hand I could believe...

Another possibility is this (like many other share collapses) could just stay between £7-9 for the rest of the year...

It will just tread water now until Freeh report and results. Buying or selling before then is just gambling. There’s better odds at William Hill.

Thanks for that article immo. Shetty the greedy over leveraged b*stard - shame on him.

Shetty sold from 3rd to 6th Feb 10.9m shares from prices approx £9.70 to £11... but the share continued to fall 30% to £7 on 7th February... so at the very least we should expect more announcements of share sales on that date...

I hope it does end up being just what we’ve been told and the share price does go up for you longs.

But this is no longer an investment and more just a gamble knowing that the founder and director operations have just dumped the majority of their stakes (intentionally or forced) at much higher prices.

It’s morning here! But you should sleep!

Margin call is an industry wide practice for any form of leveraged trading.

Your margin percentage is calculated by (Total share value/ Loan amount).

When your margin percentage falls below the initial margin (ie 140% for share financing), a margin call will take place.

If your margin percentage falls below 10% from the initial margin, you will have 3 days to top up your account before the brokerage liquidates your shares to top up the account.

If your margin percentage falls below 20% from the initial margin, you will have 1 day to top up your account before the brokerage liquidates your shares to top up the account.

Have you ever borrowed against anything Tina? You telling me the bank would sell sell your house without your knowledge and not give you a chance to put up more collateral before doing so?? Think about it...

The bank would have given Shetty a chance to put up more collateral before they sold out on his margin call... unless Shetty has absolutely no other money or assets (highly doubt it) then you have to believe he’s actively made the decision to get out of nmc at £9-10 because he doesn’t believe the business is worth much more that this ... now I wonder why that may be??

“No bank is going to sell £100m worth of shares on someone's behalf for a director of a ftse 100 company and then take 2 weeks to tell them.”

Good point kabaa - I just don’t get why he’s still making out as if he’s not sure how or why this happened. it’s really not complicated, he’s lied and misled the company and shareholders and should be arrested and banned from ever being a director again.

The issue I have is that his wife and son in law hold high ranks in the company so if he’s able to do such shady stuff like this how can you believe he hasn’t been interfering in the underlying business too??

It’s just not possible shetty took out loans secured on shares without anyone else knowing. A gold-plated bevy of banks, brokers, bean counters and lawyers has worked for NMC over the years. They include Deutsche Bank, JPMorgan, Numis, EY, Allen & Overy and Clifford Chance. How did NOBODY know about this? This is either governance failure of epic proportions or they’ve found a way to keep things quiet at nmc. Either way you can’t help but suspect what else they’ve managed to hide that’s still yet to come out.

Maybe the fundamentals are not at all impacted, that would be great for the longs.

Well if NMC was that much of a steal he’d be doing all he could to borrow £100m against his illiquid assets and pile back in here... he made all these pledges to invest in India recently so that’s probably what he thinking to use the money on (if he hasn’t already)

Heard 100th floor of burj of khalifa is for sale by shetty... we might be able to get it cheap! Lol

as founder and chairman it’s just not possible Shetty didn’t know about these share sales as he’s now making out. I don’t buy it. More likely is that he saw the other shareholders sell and get out at 1200p and thought f*ck I need to also get out ASAP given what’s about to be released.

If we believe him and it was just indeed a margin call, and if the fundamentals are all sound then why isn’t he buying back all the 10.9m shares at lower prices now??

ha, probably. try not to post for the rest of today.

yes it really does, otherwise back down we go... it needs to get out of this bear flag formation if it wants to break higher... final hour is important here.

sorry for making money. NOT!

i think today's close will be important. needs to hold above 810p.

Old news. 10th February.

All aboard! Let’s ride this.