NMC Health Plc (NMHLY)

[pennypauly]

Lol me to, and I picked up more at .31, this move and volume tells me something is coming

[crbostamerica77]

Noticed some 6k to 8k share blocks sold .49-.50 range..may create some price support NMHLY

[crbostamerica77]

Exciting action here lately ..been several higher volume days building on share bases ..looking for news soon

[Buckey]

I hope this is a move on something rather than a move on some trading group of kids LOL. or whatever in the hell is going on these days. I doubled up at .32 on the 13th. now my largest position

Have a good day and nopone ever went broke selling for a profit - plus it is very kind to let others in lol

[pennypauly]

Volume coming in

[goodietime]

NMC Health Announces Appointment of Chief Human Resources Officer

https://nmc.ae/news/nmc-health-announces-appointment-of-chief-human-resources-officer-320


NMC Health Announces Appointment of Chief Human Resources Officer
Jan 14, 2021

Abu Dhabi – 14 January 2021 – NMC Health (“NMC” or “the Group”), which consists of NMC Health Plc (“NMC PLC”) and NMC Healthcare Ltd (“NMC Healthcare”), today announced the appointment of Ms. Ashley Boots as Chief Human Resources Officer. This announcement is NMC’s first C-suite hire following the appointment of CEO Michael Davis in September 2020. The appointment reaffirms NMC’s commitment to performance enhancement and the creation of an operating culture that its employees, partners, and communities can be proud of while promoting diversity and inclusion at the executive level.

Commenting on the appointment, Michael Davis, Chief Executive Officer, NMC Health, commented, “NMC is looking to create an organization that is ready for the future. People are at the heart of this business and ensuring that talent has a champion within our corporate leadership that not only represents them, but also develops them, is critical for our future success. We made great operational progress during 2020 during a dramatic period of corporate change. NMC showed the strength and the resilience of the organization in how we managed challenges and came together as a family. As we enter 2021, we are focused on a return to business operations as usual with a focus on ongoing corporate development. The appointment of Ashley Boots is a clear example of how we are moving in the right direction.”

With over 20 years of strategic HR experience, Boots specializes in HR operations, transformation, and change management in both developed and emerging markets. She has worked across North America, Europe, Middle East, Asia, and Africa leading multi-functional and multi-cultural teams on several international change projects. In her new role, Boots will be responsible for developing and executing human resources strategy to support NMC’s business plans and expansion strategy. In addition to contributing to the culture, she will also lead on talent acquisition management, training and development, and performance management.

Ashley Boots said, “NMC is a long-admired market leader in the industry with a talented management team. I am thrilled to be joining a strong and innovation-driven team that are capitalizing on the ever-evolving healthcare environment. People are critical to any organization’s success and I look forward to teaming up with NMC to drive the company’s priorities and strategy forward.”

Boots holds a Bachelor of Science in Business Management, Concentration in Finance and Economics from Babson College, Massachusetts, U.S.A. She also holds an Executive Master of Business Administration, with Distinction from Hult International Business School.

[dori]

lets hope that shorters dont get their way today.

Thanks again

[crbostamerica77]

There is also another bid sitting @ .285 for 88,718

[crbostamerica77]

Currently 10,400 @ .328

[dori]

and what about the ask?

thanks in advance

[crbostamerica77]

Last time I looked yesterday we had traded over $500,000 but that was before close

[crbostamerica77]

Yes there is a bid currently for 114,200 @ .32

[dori]

can you tell whats the bid ? thank you

[crbostamerica77]

Big money on the bid..or at least bigger than usual. I been here since April and look for a big correction north. Guess we will see

[Buckey]

well I sure seemed to have put a dead stop to whatever this little pop ws LOL its interesting enough to sit on this larger position and see

[Embers]

Hoping for great news on the recovery!

[Embers]

I have been waiting. Holding for $10/share.

[pennypauly]

Picked up 10k more at .31 this is going to be a huge short cover

Volume huge!!! They recovered monies or a buy out

[Buckey]

Biggest volume day in over 3 months and likely since heavy volume days afterthe crash last April. Looks like heavy volume days in May also highest pps in 2 months.

so somedin cooking maybe

[Buckey]

either that or we got sucked in LOL

[pennypauly]

187k bid

[pennypauly]

Me too something coming

[Buckey]

something up - i just added on the pop on volume

[KRISH328]

Probably by summer 2021 we should be in good shape here

[goodietime]

"Nice 6.6 billion in debt minus 1 billion. Good times ahead"

Still waiting for the elimination of 'FRAUD DEBT'.

[KRISH328]

Nice 6.6 billion in debt minus 1 billion. Good times ahead

[goodietime]

https://seekingalpha.com/news/3646506-fresenius-acquires-eugin-group-from-nmc-health-for-430m

PLUS:

https://www.nasdaq.com/articles/nmc-health-sells-spain-fertility-business-to-fresenius-helios-2020-12-21?amp

EQUALS $ 1BILLION to NMC in the last few days!

[KRISH328]

https://seekingalpha.com/news/3646506-fresenius-acquires-eugin-group-from-nmc-health-for-430m

[goodietime]

This is NEW, from Investor Relations:

NMC Investor Relations Lender call 12/16/2020

https://cf-cdn.nmc.ae/Uploads/InvestorRelations/all-lender-call-presentation-16-december-2020-16-dec-2020-398ba9a3-175a-48ae-99c9-45ab10054232.pdf

[goodietime]

Not sure if this relates, but I thought this was one of Shetty's companies?

Scandal-Hit Finablr Sold for $1 to Israeli-UAE Consortium

https://www.bloomberg.com/news/articles/2020-12-17/scandal-hit-finablr-sold-for-1-to-israeli-uae-consortium

By Tom Metcalf
December 17, 2020, 3:33 AM EST Updated on December 17, 2020, 4:18 AM EST

Finablr faced insolvency after uncovering $1 billion in debt
Consideration could rise if funds recovered by new owners



Follow us @middleeast for more news on the region.

Finablr Plc is selling its business to an Israeli-UAE consortium for $1, capping the collapse of a business that had a market value of 1.5 billion pounds ($2 billion) last December.

An affiliate of Prism Group AG and Abu Dhabi’s Royal Strategic Partners will pay the nominal consideration and provide working capital to the business and operations of the financial services company. Its foreign-exchange businesses and payment-technology operations include one of the largest foreign currency firms in the United Arab Emirates, UAE Exchange.

Finablr revealed in April about $1 billion of debt hidden from its board that may have been used for purposes outside the company, compounding a scandal that pushed its sister firm NMC Health Plc into administration. When Finablr faced potential insolvency, the central bank stepped in and oversaw the operations of UAE Exchange, which serves a key role in helping foreign workers send money home.

The consortium could end up paying more -- as much as $190 million -- if it succeeds in recovering funds from third parties that relate to the fraud.

Read more on Finablr and NMC

The deal is also among the first significant commercial transactions between UAE and Israeli companies after the countries signed a normalization accord earlier this year. Since then, agreements have been signed in sectors ranging from banking to mobile phone services. Israel’s Finance Ministry sees potential for annual bilateral trade starting at $2 billion and building up to $6.5 billion.

Former Israeli Prime Minister Ehud Olmert is non-executive chairman of Prism Advance Solutions, the Financial Times reported on Thursday. Olmert is involved in the deal, the newspaper said, but has no association with Prism Group AG.

Read more on Prism’s bid for Finablr

— With assistance by Adveith Nair
(Updates with details in final two paragraphs)

[ramorris3]

Excellent!!

[crbostamerica77]

Looking forward to the 15th and beyond. With the estimate valuations coming in on potential assets and the possibility of Shetty's return coming to light depending on court hearing turnout, things here may become more positive in a hurry. JMO

[goodietime]

Exclusive: NMC Health administrators sound out investors for flagship UAE hospitals - sources

https://finance.yahoo.com/news/exclusive-nmc-health-administrators-sound-151052050.html

By Hadeel Al Sayegh and Davide Barbuscia
Wed, December 9, 2020, 10:10 AM EST·2 min read
FILE PHOTO: General view of NMC specialty hospital in Abu Dhabi
FILE PHOTO: General view of NMC specialty hospital in Abu Dhabi

By Hadeel Al Sayegh and Davide Barbuscia

DUBAI (Reuters) - Administrators of troubled hospital operator NMC Health are sounding out potential buyer interest for its flagship business in the United Arab Emirates (UAE), three sources familiar with the matter said.

The potential sale of its biggest assets which would also include Oman, could generate around $1 billion, one of the sources said. It follows administrators Alvarez & Marsal's launch in August of a process to sell NMC's international business including its international fertility units.

NMC, which was founded by Indian businessman BR Shetty in the mid-1970s, became the largest private healthcare provider in the UAE but has run into trouble after short-seller Muddy Waters questioned its financial reporting and doubts emerged over the size of stakes owned by its biggest shareholders.

NMC went into administration in April following months of turmoil over its finances and the discovery that it had $6.6 billion in debt, well above earlier estimates.

The administrators will present two options to NMC's creditors by February: either an outright sale of the assets or a business reorganisation, said the sources. Lenders will have to vote by April on which of the two options they opt for, added one of them.

Alvarez & Marsal declined to comment when contacted by Reuters.

Investment bank Perella Weinberg Partners, which did not immediately respond to a request for comment, sent out a teaser about a week ago for a wide auction process, said the sources, declining to be named as the matter is not public.

The teaser includes NMC Health in the UAE and Oman, Al Zahra Hospital in Sharjah, Fakih IVF and CosmeSurge, said one of the sources.

It was sent to a wide range of investors including regional strategic players and sovereign wealth funds, along with private equity players, the source said.

Expressions of interest in the assets are due by Dec. 15, including an indication of valuation, all the three sources said.

NMC's lenders are seeking valuation expectations early in the process as they are keen to have a general idea before a formal sales process begins in January, they said.

They are also looking to ensure potential buyers are not taking advantage of NMC Health's situation by bidding at distressed prices, one of the sources said.

(Reporting by Hadeel Al Sayegh and Davide Barbuscia; editing by Emelia Sithole-Matarise)

[goodietime]

NMC founder challenges Indian immigration's move to prevent him flying to UAE

By Abhirup Roy and Saeed Azhar
Sat, December 5, 2020, 6:56 AM EST·2 min read


By Abhirup Roy and Saeed Azhar

"MUMBAI/DUBAI (Reuters) - The founder of troubled hospital operator NMC Health has filed a legal challenge against a move by Indian immigration authorities to prevent him from departing to the United Arab Emirates (UAE) last month, according to his court petition seen by Reuters.

BR Shetty's NMC, listed in London and UAE's biggest hospital group, went into administration in April following months of turmoil over its finances and the company's disclosure that it had $6.6 billion in debt, well above its earlier estimates.

Shetty had said last month he planned to return to the UAE and denied reports he had fled the country after the hospital group's implosion.

His petition, filed in the high court in the southern Indian state of Karnataka on Nov. 30, said immigration officials at Bengaluru airport stopped him boarding a flight to the UAE on Nov 14, "without assigning any reasons whatsoever".

Shetty said in the petition that he then asked the immigration department why he was stopped and for permission to travel abroad but had not heard from them since.

The petition was filed against India's external affairs ministry, the immigration bureau and Foreign Regional Registration Officer (FRRO) Bengaluru.

It asked the court to declare the move by immigration officials as "illegal" and grant Shetty permission to travel abroad, adding he urgently needed to go to the UAE for personal reasons.

Shetty declined to comment.

The Immigration Bureau, India's External Affairs Ministry and FRRO Bengaluru also did not immediately respond to a Reuters request for comment.

Two sources directly aware of the matter said action against Shetty was taken by Indian authorities based on a complaint filed by Bank of Baroda.

Bank of Baroda did not immediately respond to a Reuters request for comment.

Bank of Baroda is suing Shetty for backing away from an agreement it says was decided at a March meeting to give the bank 16 properties as collateral for debts and to secure additional guarantees.

Shetty has said the agreement is a "fraudulent document", according to a statement of objection filed to an Indian court and seen by Reuters.

Shetty's petition against immigration officials was heard on Friday. The respondents have been asked to file their reply within a week, according to one of the sources, and the case is set to be heard next on Dec. 11. The sources declined to be identified because of sensitivity of the legal proceedings."

(Reporting by Abhirup Roy and Saeed Azhar; Additional reporting by Nupur Anand in Mumbai; Editing by Pravin Char)

[goodietime]

Thank you.

[dori]

Someone had sent e-mail to Richard Flemington of the A & M.
Asking when will the stock bi relisted on the London Exchange.
The person did not get an answer of his question but instead got access to some site for credittors.

[goodietime]

I did not understand much either.
It is best to go to Yahoo Finance and read the conversations section.
Some said they can access a 'portal' from Alvarez&Marsal, the Administrators. Not a lot of detailed info.
Sorry, that's all I've got.

[ramorris3]

I read the posts, but didn't fully understand the gist of the email... Do you have any clarity...?

[goodietime]

A few posters on Yahoo Board, have mentioned getting an email from A&M, Alvarez & Marsal.
Anyone here getting any?

[Gotmilk97]

NMC is presently trading in the gray sheet, therefore by definition it is a gray sheet company. Let’s see it as it is.

[pennypauly]

I was showing milkboy that we are not a grey sheet company

A lot of lies here

[goodietime]

What Trades on the Gray Market?
Spell it with an “e” or an “a” or call it by its other name -- gray sheets – the gray market is unlike other exchanges. This unregulated marketplace was established to trade stocks waiting in the wings to be listed on larger exchanges or to trade those unable to qualify for the big exchanges. Not every stock is associated with an IPO; some gray market stocks are issued by start-up or spin-off companies looking to test the waters before spending the time and money it takes to woo a major exchange. You’ll also find fallen angels on the gray market -- stocks once traded on major exchanges such as the Nasdaq that may have suffered financial misfortunes or failed to meet Securities and Exchange Commission requirements.

[goodietime]

Immigration dept stops NMC founder B R Shetty from flying to UAE: Report

https://www.business-standard.com/article/companies/immigration-dept-stops-nmc-founder-b-r-shetty-from-flying-to-uae-sources-120111500300_1.html

"NMC Health founder B R Shetty was prevented from departing to the United Arab Emirates (UAE) early on Saturday by immigration officials at Bengaluru airport, a source with direct knowledge of the matter said on Sunday.

Shetty had said in a statement on Saturday he planned to return to the UAE and denied reports he had fled the country after the hospital group's implosion under a mountain of previously undisclosed debt.

Shetty's wife was allowed to fly to Abu Dhabi, the source said.

"He was told that we have some kind of intimation that you cannot travel at this point in time," the source said, adding Shetty was not detained.

Shetty could not be reached for comment on his cellphone. His spokesman declined to comment beyond the statement issued by Shetty on Saturday. Immigration officials in Bengaluru could not immediately be reached for a comment.

NMC went into administration in April following months of turmoil over its finances and the discovery that it had $6.6 billion in debt, well above earlier estimates.

Shetty is also facing a legal challenge in India, where Bank of Baroda is suing him for backing away from an agreement it says was decided at a March meeting to give the bank 16 properties as collateral for debts and to secure additional guarantees.

Shetty has said the agreement was a "fraudulent document", according to a statement of objection filed to an Indian court and seen by Reuters."

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

[ramorris3]

Indian immigration officials at Bengaluru airport on Saturday stopped NMC Health founder B.R. Shetty from flying to the UAE.

https://www.forbesmiddleeast.com/billionaires/world-billionaires/indian-immigration-blocks-nmc-founder-br-shetty-from-flying-to-uae

[Gotmilk97]

Lol you are a dreamer. Going down to a dime soon. If you are lucky might spike quickly to 31 cents then down to 10 cents

[pennypauly]

THE STOCK HAS DOUBLED SINCE THOSE POSTS!! LOOKING FOR $10.00 PLUS SOON

[pennypauly]

Gotmilk97 Thursday, 09/03/20 01:45:43 AM
Re: hondaboost post# 1956 0
Post # of 2006
Lol, you are preaching to the church. This stock is worth less than toilet paper

[pennypauly]

Gotmilk97 Monday, 10/12/20 05:11:39 PM
Re: None 0
Post # of 2005
FYI for those who don’t know, NMC just got moved to the gray market. I think

https://www.otcmarkets.com/stock/NMHLY/overview

[pennypauly]

hondaboost Member Level Wednesday, 09/02/20 10:42:24 PM
Re: Gotmilk97 post# 1946 0
Post # of 2004

All the current Commons will be Cancelled and Wiped out, as new shares will be issued when it emerges from banktuptcy in the near future. The current shareholders will lose all their money if they still holding then.

280 Million shares outstanding are selling and dumping to the markets before the Cancellation coming shortly.

Beware!

[Gotmilk97]

Why would they claimed that shares would be worthless to get people to sell? What do they stand to gain from shareholders selling