RNS Number : 9654X NMC Health Plc 24 December 2019
24 December 2019
NMC Health plc
(the "Company" or "NMC")
Trade licenses of Modular Concepts
NMC Health plc (LSE: NMC) announces that, further to the Company's statement on 19 December 2019, it has obtained the trade licenses of Modular Concepts from the 2011-2016 period, stamped copies (along with legal translations) of which have been made available on the Shareholder information section of the Company's Investor Relations page (please see: https://nmc.ae/investorrelations/shareholderinformation). The documents provide the ownership structure of Modular Concepts throughout this period.
Mr. Pradeep Rai manages the Procurement Team responsible for Healthcare Consumables and is not involved in pharma procurement.
Note that the contract for NMC Royal Women's Hospital (formerly Brightpoint) was awarded in 2011. This contract was completed in 2014. Furthermore, construction of all major development projects outlined in its IPO prospectus and undertaken by the Company after its IPO in 2012 were completed by 2015.
Plenty of shorts will be starting to close. Sometimes you don’t get the reaction you expect straight away. The conservative win was excellent news for metro and that will soon be reflected in its share price.
RE: only thing holding me back from13 Dec 2019 09:34
Carapa is targeting 3 digit (200MBO).. In itself its not a game changer but it potentially opens up the whole license area. Looking at the amount of oil discovered in the nearby basins, I think a hit is probably greater than a 1/4 chance now especially the longer the wait goes on..
RE: only thing holding me back from13 Dec 2019 09:23
Forget the debt.. This is a play on the assets - and they are world class assets. They are very attractive assets and the mot likely outcome here now is Tullow gets bought out for a very low offer (100 - 150p) which would have seemed unthinkable just a few months ago.
They will not stay independent but the assets are just too attractive to not get attention...
If Carapa comes in...... Well that will be interesting.
Why all this talk of shorts, there are not many shares out on short just look at the data. This is purely based on the SP being way oversold and a total bargain for anyone getting in now. Not good for LTH's but for new buyers this is a gift.