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Tony suggesting "Hold". Don't think we've a choice.
Of course its doom and gloom. Look at the state of likes of Mrd and Deos.
Trying to speculate as realistic as possible probably best for our sanity.
Yeah why just 456 though? Just to be under 5% and reduced voting rights.
He hasn't got a clue where he has held his shares as security. Of course someone else acted on his behalf within his BRS Int.
That's what I was thinking. Definitely enforcement of security as the SP dropped over 80%, the force sell was executed. Don't believe Shetty was trying to run away.
"The urgency to find cash for salaries adds to the pressure on NMC, which has asked its bankers for a standstill in debt repayment while it tries to renegotiate
around $2 billion of liabilities.
Coming in the middle of the global coronavirus outbreak, the need to keep medical facilities fully open and functioning is urgent.
The UAE authorities are known to be concerned with the NMC situation, and are believed to be considering financial intervention to help the company keep going. Creditor banks are also being encouraged to be understanding in their discussions of new
repayment terms."
I initially thought the cash issue was related to payroll processes. It now appears to be cash issue and urgently needs help from either authorities or banks. Now I'm dreadful.
What sort of effing stupid comment. Every other day will pop with a patronising post.
The whole idea of investment is about speculation, be it bear side or bull side. So yes we're speculating here.
bigsmore, tbh you're the waste here. It is people like you who don't allow balanced view and blind the naive investors.
80% of your posts are nonsensical one liners that add zero value. Your biggest mistake was to ignore the bear side.
I stand by what I said:
he either got it super wrong whilst pretending to be connected to citeh
or, he was smartest shorter who played a long game.
His game gave it away when he suggested GS digital division to add physical store blah blah. Unfortunately people added more on his claim that this turd will never go to 160.
Luckily I bailed out when SR went confident in his short.
adzy, that's quite interesting!
Any guesses why he bought large stake in NMC? I would like to believe he was aware of the NMC's state if he was in the circle of Al Qebaisi or Al Muhairi.
We're not out of FTSE 100 yet unless we resume trading.
Adzy, ever heard of Hussain Sajwani? Strong influence? Intrigued as his current position is 5.04%
"Too many billionaires involved. Think itl open up around 1500p."
Do you drink in the morning? at work?
"Good spot Pioneer. Any evidence?"
TQ. The Holdings in Company RNS, scroll to the bottom. I remember in previous 8.3 I read about Samarra buying bonds post suspension.
Hussain Ali Habib Sajwani (Emirati billionaire) holds 5.04% through three companies.
I am sure he also bought bonds post suspension through Samarra.
This could get interesting.
Sorry, that was reference to your previous post re: 9th Mar.
I'm firmly hoping for Mubadala too. But worried about new valuation of NMC.
Mrd, forget about GKSD. They're dumping bonds.
"Any new investor will want to have a majority stake, that’s for sure. “When there’s been an 80 per cent fall in the perceived value of the company – from $10 billion to $2 billion – I don’t think any investor would just be satisfied with a minority holding,” said a source at the company."
" “If the investigations unearth something, then it could mean a further erosion in the NMC valuation,” said Hussain Alladdin, Head of Research at GCP, a consultancy. “No buyer would want to miss out on that option to get a bigger discount on the purchase price.”
We will understand new value of NMC post investigations. Let's hope no further erosion.