think the ifrs overlay will be important as that picks up any off balance sheet financing (over and above related party transactins) Suspect Freeh will have to place reliance on the audit report for ifrs. So we want them out one after another and build the SP, maybe they can only come out at the same time..
Maybe Shett bought his own shares back from the bank and difference is increased interest charges through the profit and loss account to be charged to directors remuneration. We just don't know. Sorrel thought he still owned WPP and treated it accordingly.
RE: Superb article to describe the mess in the Middle East - must read17 Feb 2020 20:17
Crikey adzy, Mr Khalid gonna end with an umbrella up his jacksie and delivering on line lectures outside the UAE/Bahrain etc. But nmc on the FTSE - must be some complicity from UK parties or nmc simply failed to keep an up to date share register..
Thanks RKB. There was an RNS during the week so the news is in the SP already imo. I would bet the missing shares are held by a member of the royal family and a sharia law problem. If so, be surprised if they sell now. Share overhang may quickly turn to drought....
Didnt think there was any problem with the two brothers. As far as I can tell its Buttis Private Equity model and UAE government insurance reimbursement. Has UAE effectively underwritten £12 SP with NMC 40% trading margins (Mediclinic 7%) as MW claims or is Butti rogue? I guess its no coincidence the OECD just published 'long term care and health insurance in oecd and other countries' and the finance models used by different countries (fees for service etc).
What SP will a takeover start and what if private equity? 1 years revenue c.$2.1Bn (2018) Current market value $1.6Bn Total assets $3.9Bn, Net assets $1.4Bn (2018) Takeover Code imo possible cash SP over last 3 months Nov £25, Dec £17, Jan £15, Feb £?
The City Code - three underlying principles currently ar work: 1.) all shareholders of the same class in a target company must be treated equally and must have adequate information so that they can reach a properly informed decision; 2.) a false market must not be created in the securities of the offeror or the target company; and 3.) the management of the target company must not take any action which would frustrate an offer without the consent of its shareholders.