Member Info for Dar-

I have quoted the t/o as per the filed accounts from the past 5 years, these were audited by the nominated auditors, of course you can reject the auditors report, but in truth they have to be accepted.
You make observations on cash flow, but based on what.
I have acknowledged the payment "culture" in UAE and indeed the BoD of NMC have acknowledged the issue.
In my opinion (based on due diligent) NMC is an investment I am comfortable with.
I will not change my view based on your observation on cash flow (which cannot be supported)

Ok deal with facts
Fact 1 in the last 5 years the turnover has increased by 300%
Fact 2 in the last 5 years the turnover has increased by 300%
Fact 3 in the past 5 years the turnover has increased by 300%
As mentioned before the BoD have acknowledged the cash flow and debtors days in previous RNS and to my mind the BoD are in the best place to deal with any issues the cash flow. I have acknowledged the extended payment terms in the ME / UAE are considered acceptable trading conditions.
That is completely different "If you don’t want to acknowledge these facts then good luck to you".
I have acknowledged - therefore that posting was unnecessary and aggressive.
I am more that aware of NMC's trading philosophy and IMO a reasonable investment risk.
Please do not speak to me like I am a fool

No you are wrong I am not trying to be aggressive to you...................... I am being aggressive to you.
There are two reasons
1/ You were aggressive to me last week and failed to apologize.
2/ You keep making the same point about NMC' cash flow and apparent lack cash collection from their debtors, why do you focus on the same point.
There are many reasons to hold this company and If you to post negative posts, then I will counter with positive posts.

Hi Analysister,
The answer is simple -- if YOU are not comfortable with NMC and as you say "Frightening and such a difficult share to understand with operations in all those far off places". Is SELL.
However I do understand the risks associated with the business model and trading conditions in the UAE, therefore I will continue to HOLD. I am very pleased the NMC is in my portfolio.
Each to their own decisions

Many thanks addicknt,
I have "hinted" to my son - Tim Steer The Signs Were There, as my Christmas prezzie.

Any outcome of the court case, will be some year away. Personally I think "out of court settlement" will apply.
Good luck all and have a great Christmas

Hi Max and all,
As Mrs May is currently at the G20 summit and then there is Brexit and the potential TV debate with Mr Corbyn, not sure if Mrs May can count Mr Rees-Mogg, MP's, and members of the DUP Party has her allies.
If those are her allied (I would be concerned about her foes).
I for one am not expecting any news from TPG (good or bad) until March 2019. Until then hopefully the sp can hold it's price.
Yours, DAR

Good morning,

I have taken the opportunity of reading many of your previous posts (not all) and I assume that you hold shares in NMC, I do and very pleased with my investments (I have topped up on a few occasions). Like you I do like many aspects of NMC business model. In the past I have dealt with debts withing the UAE and I know how difficult it is to apply UK cash collection "rules" to the UAE - unfortunately 120 days in normal payment terms - I personal don't like that but to change local culture is a pointless exercise in some cases to just have to go with the "flow"). Yes I do accept all companies must collect receivables.
I am aware that the debt level is high but that could be a valid statement for any company with less than 10 years trading. This is the main reason why the dividend is a few pence per share, when the share price is £35, in the view of the BoD's profit is re-invested in the stability of the company.
As you say "This is NOT a capital intensive business judging by the Board’s comments".
On that I can only make two comments.
1/ the Board are aware of the status of the companies cash flow and debt level and I for is happier that the BoD have responded to cash flow and debt - rather than "bury heads in sand" and we both know of companies (in the UK) that trade with insufficient capital (Carrilion springs to mind).
2/ I have traded for many years and if I never took risks I would never invest. I buy shares after due diligence and I feel that NMC is within any risk ratio I apply.
In short happy with NMC

No I do not recall the Kuwaiti PDC scandal... But in truth not relevant.
I do accept their debtor days for a private healthcare provider are crazy - IF THEY WERE IN THE UK.
But as I have said in the UAE different rules apply.
I have held shares in NMC since 2016 and no complaints and I do read the financial accounts, which are published on an annual basis.
I have made my decision based on my due diligence.
Why do you try to be aggressive to me?
ATB

Hello Analysister,
Firstly, may I try to answer your last comment “120 days is normal credit terms in their market”. I was a credit manager for 40 years and if one of my customers tried to apply credit terms of 120 days, then steam would be coming from me and I would not be a happy bunny.
However, NMC Health plc is a private healthcare services provider in the United Arab Emirates. The "standard" payment terms in the UAE is 120 days. So whilst this seems a extraordinary statement. In context of the country - UAE - 120 days is "norm" and on the basis I feel the broker has reacted poorly.
I can follow your observation in respect of ownership structure but I make two points on the subject.
1/ NMC Health plc is a private healthcare services provider in the United Arab Emirates and by definition the ownership of all companies in the UAE is less "visible" than the UK - that goes with the territory.
2/ Many companies within the AIM is somewhat muddled...... OK I accept that has nothing to with NMC.
On the subject of cash flow. I have looked at cash flow, using my experience and I really cannot understand your observation.
Perhaps you can enlighten me
ATB

Hello Metamorphosis84,
You said "Another of those seemingly iffy shares".
Well a correction, NMC are in the FTSE 100, with a share price of over £34, last year they made a profit of 15% and started paying a dividend, albeit less than .50%. Profits from previous years were re-invested in the growth of the company.
NMC were first listed at £2.00 in 2011, therefore the growth has been remarkable.
So all in all certainly NOT "Another of those seemingly iffy shares".
Sorry but to apply the phase of iffy without due diligent cannot be correct.
I wish you ATB

Hello Buchanon,
That would be disappointment........
I have not seen RT tweet, any change of a link.
Cheers

Hi Matt,
t has certainly been a bumpy fer weeks, and not only RST, I did sell quite a few shares. Various companies, so I have some monies awaiting investment. Almost certain I will invest towards the end of November.
I still hold RST and I will looking to buy more.
But at the moment I am not.
Either I will miss the "boat" or get it right.
ATB
David

I don't post on this bb but I have been watching events unfold. So in reply Turnpan.
The LTIP was signed by the chairman, who his since retired, and gave the remuneration committee no choice.
There have been changes to the remuneration committee, The new CEO is not on the remuneration committee.
There is no LTIP, ( the previous one has been cancelled ).
ATB

Hi addicknt,
Yes I know RT hasn't been charged with any crime, or found guilty. But in my eyes (and many people) RT is guilty.
I would not invest in any of his schemes, btw I see Tom W has written an article in share prophets and he is certainly not praising RT.
As we both know AIM companies, are not always the sound investments, you have mentioned MYSQ but the list is endless.
RT will not be getting a Christmas card from me.
ATB
DAR

There is nothing I can add. Why can't he be stopped. Isn't there a law against. OK I know there is but............

Hello Max,
It would be really churlish of me to find any fault with this news - on the face my initial reaction is excellent and this will give impetus to move forward.
Westex "fits" the existing TPG and should enhance earnings. The investment of £3m is just what the 'doctor' ordered. There is more capital for further acquisitions.
Onward and Upwards
ATB
DAR

Hello addicknt,
That made my day.... (NOT) I won't invest in Rob Terry................... Too much pain.
Regards
DAR

Hello Max,
Many thanks for chasing a reply to my email.
DAR
Have a good week

I am with TT on this "sitting on the money" "pausing" or any other word is not in accordance with the inferred RNS in July 2017 there were definite targets and if the money is still in the bank that is poor business.

BTW Max I never received any reply to my email.

So on two fronts I am disappointed.

ATB

Or Status Quo
down down deeper and down............... Oh please the song titles keep coming and nothing really relevant
I can't get no satisfaction --- stop it now DAR