Member Info for Longish

I sold this morning at 61. Traded down from 129...missed 50p today..maybe tomorrow
GLA

Chapter 11. Isnt that a US bankruptcy? In UK its creditors voluntary winding up etc?

LoL, couldn't make that up

..'Certain financial reporting tools were unavailable for part of January, as a result of which the publication of Travelex's FY19 results is now expected to be from mid-April. 'Hopefully no connection to NMC then

KOH, I am still invested here and hoping to get my money back at least. Dont think Shetty can come back from the issue of trust though. A clean audit report will be satisfactory for me. Maybe from PwC rather than EY

KOH, your surname is not Shetty , is it?
Fin back over 130 pls.

Dofe
That would be 'vintage clothing' and marked up 200% lol Paul McCartney would tour China for a % of the merchandising

'Would that be the same LLOYDS that I lost 95% of my money on 10 years ago?'
Thats the one. I bought at 380 for my pension as it was a safe bet ...

'Supply Chain'
I thought NMC had guarenteed the supplier debt as if it was NMCs ie if the supplier goes bust, nmc picks up the bill rather look for a new supplier...and shetty didnt get board approval to contract it

'what have i missed?'
What if the $335m is a cost of service/expense and margins are not 40%, but 7% like say mediclinic?

My best performing stock today!!

Related Party Transactions
Note 25, page 238 of the IPO doc has disclosures on related party transactions for the years to 2018

Accounting Policies
IFRS16 (ie relating to leases) only required for the reporting period beginning 1 Jan 2019. However, in the IPO doc, page 185 they say...
'During 2018, the Group has performed an impact assessment of IFRS 16. It is currently estimated that adoption of IFRS 16 would increase lease liabilities and right of use assets (net of prepayments) as of 31 December 2018 by approximately USD 542,380 thousand. Due to the adoption of IFRS 16, the Group’s EBITDA will improve, while its interest and depreciation expenses will increase. The net impact on profit and loss is expected to be immaterial'.

https://investors.finablr.com/media/1094/nevis_final-prospectus_with-edisclaimer.pdf

When do we expect to get the trading update or are we caught up in NMC?

Crazy. Strong balance sheet, cash flow, div..all you want when things looking bleak. Management comms kitchen sinked it imo. Lets see how it closes..good luck

..signal, over and out.

ii's will have done due dilligence. They already knew margin was too good to be true when benchmarking the likes of mediclinic. Plays into their hands. Business is still good and demand is strong.

'Fin has a strong non exec '
Yes. They will be asking the right questions. Abdulrahman Basaddiq is also non exec for NMC and should be up to speed with developments. I guess all we can do is watch for an RNS. Cant see a supply chain issue same as NMC or that scale £m. But it is a question of trust..

Good initiative. Just need confirmation on the cash funding and share ownership and then lift off

Whats the probability of openreach ipo?. Ofcom is currently monitoring the implementation of the new governance model ie that openreach is a distinct company with its own staff, management, purpose and strategy

Tom78, I like that idea.
Portfolio theory helps maximise return for lowest risk:
'If a portfolio contained four equally-weighted assets with expected returns of 4, 6, 10, and 14%, the portfolio's expected return would be:
(4% x 25%) + (6% x 25%) + (10% x 25%) + (14% x 25%) = 8.5%'
https://www.investopedia.com/terms/m/modernportfoliotheory.asp