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If someone made a step by step guide for NMC to regain the trust of shareholders, without a DOUBT high up on that list would be rooting out all the dodgy directors- NMC have been doing everything right!
BlackRock have been quietly buying shares up and no doubt they're doing more of the same now for their pension funds!
Who do you trust, the largest and most successful shadow bank in history or a bunch of shorters here desperate to make a tenner on this share!
The resignation of these directors is fantastically GOOD for NMC.
It was a requirement for NMC to move past all the recent allegations.
The MMs know it, they opened the SP HIGHER than yesterday's close.
The big investors know it, they were likely the ones who asked for it!
Dont fall for the tricks of the shorter infestation on this board!
Like I've said before, the market sentiment is now strongly bullish as opposed to the bearish pressures we were seeing over the past month or so
Now the market is bouncing in the absence of news, with good news accelerating the rise and bad news only temporarily dampening it
Today should be a good day
£712,200*
They got in at the bargain price of 71.22 as well!
If I had a spare few piles of £7.122m laying about I'd do the same!
Several 1,000,000 buys*
Several 1,000,000 shares coming through on level 2 data.
Full confidence in Centrica. Day end price = minimum 80
Oh dear, what a farcical share price drop due to twitchy PIs who will unfortunately lose out when this drifts back up.
Today's announced charges were not only one-offs but also entirely expected.
A reasonable SP drop would have been to around 80p.
Regardless I'm certain with the first signs of a recovery this will bounce healthily, likely within the next 60-90 minutes.
Talk about oversold and undervalued. An appropriate SP for this to have settled to would have been 230-240. As we see time and time again in this scenario this will drift back upwards over the next 24-48 hours
'Alwayswrong' apologies to repost your analysis once more but I am acutely aware that every day this is on the FTSE 100 leaderboard, whether being top riser or biggest loser, we attract more lurkers to this board. To you all, welcome and enjoy the upcoming 1.5-2x rise with the rest of us.
"The usual method for determining the offer price is based on a multiple of net earnings..
NMC are projecting annual earnings of £230 million for 2019..
1. If the NMC is categorised as being a company in decline ( a dog ) in other words their hospital contracts are be being wound down over say a 10 year period then an earnings multiple of between 6 and 8 times would be a fair offer...i.e. between £1.4 to £1.8 BN
£7.00 to £8.70 per share..
2..If the NMC were to maintain their existing hospitals in perpetuity, but not acquire any new hospitals ( cash cow ) then an earnings multiple of between 10 and 12 would represent a fair offer..
I.e. between £2.3 to £2.8 BN.. or £11.00 to £13.50
3..If , however , the NMC was still deemed to be a growth company ..I e. acquiring new hospital contracts ( rising star )then a minimum earnings multiple would be around 15 with a maximum of up to 35, depending on the planned levels of growth ..
This would make a fair sale price to be in the region of
£3.5 to £8 BN. or ....£17 to maybe up to £40 per share.
It follows therefore that all other things remaining equal , then unless the NMC is in decline and winding down,. the offer price of £2 billion being mentioned is a derisory one.
My understanding is that the NMC is still a growth company ...?? For information the share price earnings multiple ( PE ratio ) over the past 5 years has ranged been between 14 and 36...
I said all other things remaining equal because we have the overhang of the Muddy Waters report.. ‘"