Member Info for Dannyspaniel

Er...100% lost. C£8k

Frickin’ criminal what happened there!! Ftse100 ffs.

Got badly burnt with NMC, if I can make 8% in two or three days trading that’s enough for me! I’ll let my fund managers do the long term holds!!

I sold out at 58p, happy with profit as lots of else to buy, if it drops I’ll be back in from 55p

For the last two months this has stayed between 9 and 12 pounds, occasionally lower. This will fly up to at least £20 so you need to accept that if you trade you will possibly miss the big swing up if and when it happens, but you can certainly make 8-10% in a couple of days if you big at 9 or below. I have a bit of both. Long holding half is about 6% up, trading has made about 60% in 6 weeks. Remember this fell a long way c75% so a lot of upside to recover.

You still own the shares, you can’t trade them and until nmc debt is sorted they probably have no value. Honestly, forget about them for a while.

Google nmc health and gulf news and you’ll see a news release about nmc trading, which was mooted as a possible sale. Focus on hospitals and provide cash.

Rastuss, you are probably right. Just remains to be seen to see whether Shetty can add any value in recovering assets, whether he is full of the brown stuff, and how badly the current board/administrators will act to rescue any value for creditors and shareholders. Who knows what will happen, but they have some very clever people in control, and a lot of ii’s Involved too.

Remember the chap who threw away a hard drive with 2000 bitcoin (or something) who thought at the time they were worthless, turned into £4million.

You can’t sell them, nobody will buy them, but you still own them. However, companies have been in brink of bankruptcy before and delisted, then come back. Anglo American, General Motors. I have accepted total loss but had 7000 shares. Maybe in 20 years they’ll be £40 again. Just hang on to them, nothing left to lose.

I have found HL ok, not perfect on obscure stocks, but no issues with ftse100/250

Really it comes down to whether Shetty can be believed. Why issue a statement like this? He is either arse covering or he has done his research. His comments previously about legal basis for his shares being sold do fit this new statement. I would be happier if he is telling the truth as he will move heaven and earth to recover funds, save his company which might go beyond administrators willingness. Still it still comes down to how much they can recover.

18% spread!!!!

Kingrav. I feel your pain!! I always stuck to ftse100 to avoid this type of situation i.e. fraud.

Karenkelly. Assuming you are serious in your comment. The shares were suspended. They have no current value until nmc position resolved. Most likely you will not get anything back but you still technically own part of the co. No idea what happens if an offer is made for them but there is a possibility that the company may survive.

Autonomy, that’s not strictly true. The shares still exist, and it is possible for shares to be relisted. Ownership hasn’t changed.

The answer to that is yes, just google it. Delisting isn’t always the end.

So, Coronavirus permitting, I really don’t understand the lack of comment from II’s about this. Are they simply going to take it on the chin? The press coverage for such a fraud has been so low. I don’t think this is the end for shareholders given criminal investigations. Has a company ever relisted after something like this?

Rights issue

Bought at 49, sold at 59.5, back in at 55 hopefully, and see this up to 70 next week. That’s the plan anyway!!!!