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Agreed. It’s an awfully long suspension period.

Presumably the value of your nil paid shares?

Clarifies Hotel is owned by the Qataris. NMC plc is allegedly a FTSE-100 company. In my experience FTSE-100 companies usually get paid for their products or services or they are not FTSE-100 companies for very long!
Honestly - cultural?

Let’s hope it’s not like his QPR investment!!!

I’m fairly sure there will be interest from the likes of Ineos or Neptune who have been acquiring North Sea assets recently and have plenty of cash availability. Faroe’s advisors will no doubt be busy preparing the defence docs and looking to start an auction I would assume. Most City oil analysts don’t see the initial DNO bid as a knock out bid.
However these are turbulent markets and oil price volatility is high and cash is the main commodity today!
GLA

Sadly I think Faroe will go the way of most of the other British E&P companies and disappear into a larger oil co.
Hopefully another border or three will emerge...

Good luck Dar-.
Time will tell, but I truly hope they can improve their cash collection in the future....

Please read my previous posts...
I like this co and I think their focus on cosmetic surgery, bariatric surgery and IVF treatments for example are inspired.
However you cannot run ANY company if you can’t collect the receivables. I don’t agree that “120 days is the norm” for debtor days plus their strategy of expanding their business in countries like KSA and sub-Saharan Africa are only going to exacerbate the cash flow delays. Plus they’ve taken on debt and they can’t afford to let the debtor days increase much further. This is NOT a capital intensive business judging by the Board’s comments, which begs the question why a dividend of only a few pence per share is paid for a £35 share?
Legitimate questions in my opinion, that any “analyst” would sensibly ask.

Just look at their debtor days!! It’s crazy for a private healthcare provider. They should be collecting payment before the procedures not 6 months later or they are going to have a massive bad debt write off at some point. Remember the Kuwaiti PDC scandal? I do.

Dar,
I’m sure this company does remarkable things in its various hospitals and clinics. It has had a remarkable growth trajectory as you have said. However there are a couple of things that bother me. Lack of cash flow and ownership structure. For a “FTSE 100” share there is very little share trading due to the closely held shareholding and there is definitely something going on with their cashflow. They made a statement in one of their recent reports something like “120 days is normal credit terms in their market”. An extraordinary statement in my opinion. I’m not surprised a broker has downgraded (if that’s what has caused the drop).

Mr J not in control of this situation imo. The lawyers and Nomad will be calling the shots here now. Yes he has a loud voice but after recent publicity and events this will have huge scrutiny over every decision.

Mediclinic haven’t reduced their holding and as you say no RNS announced large sellers. The directors have bought shares and yet sp has collapsed. Very strange as you suggest.

As I said when the Board hire a Chairman and a CEO to drive this company forward with a clearly articulated strategy then I may change my view, but until then (apart from the dividend yield) there is no reason for investors to own this share.

Patients needed by MDC.

If both drills are successful then BOIL will be up for sale immediately imo. I can’t see the Board coming back to this shareholder list for follow-on capital to drill appraisal wells and develop fields etc. Most of the sp value uplift will be in the outcome of these two wells. Fingers crossed.

Taking so long to sort this out that in my opinion it’s beginning to look like a business model issue rather than a hand in till issue. I’m not convinced it’s a “nearly”, but if it’s viable it will be in PE hands sooner rather than later.

I don’t want to argue as there is nothing to argue about. This company has NEVER made a meaningful profit in its entire history and it’s one of the biggest “jam tomorrow” stories in stock market history. Perhaps if there was a bit more transparency on the financial arrangements with the other overseas supermarkets we could have a valuation debate. However until this company actually starts to earn a profit its floating along on a huge bubble of hope in my opinion. You obviously have a crystal ball and totally disagree with me and that’s fine.

RBD have to drill to earn their 50% interest. Presumably they also can stop Gaelic selling shares until they “earn” their own interest in the prospects?

Surely Gaelic would wait until the wells/prospects they sold to RBD shareholders were actually drilled before they sold? Their agreement must include that clause, surely?

I’d actually feel a lot better about Ocado’s valuation and their business overall if they got rid of all their trucks, delivery staff, warehouses and warehouse staff etc etc in the West Country and wherever else and just concentrated on being the supplier to the universe of their IT systems and robotic customer delivery solutions.

You never know perhaps they will do this when their IT outsourcing solutions actually turns a buck?. Their measly reported profits comes entirely from their trucks. This has to hold back the explosive IT phenomenon, surely?
One question or thought - If their technology is so fantastic why can’t they make any money themselves from retail operations?