NMC.L - NMC Health Plc

LSE - LSE Delayed Price. Currency in GBp
5.0000
-933.4000 (-99.47%)
As of 4:44PM BST. Market open.
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Previous close938.4000
Open5.0000
Bid0.0000 x 0
Ask0.0000 x 0
Day's range5.0000 - 5.0000
52-week range0.1000 - 3,059.0000
Volume2,000,000
Avg. volume446,891
Market cap10.435M
Beta (5Y monthly)N/A
PE ratio (TTM)0.04
EPS (TTM)N/A
Earnings date27 Apr 2020 - 01 May 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est54.44
  • UAE's NMC Health delays May staff salaries - memo
    Reuters

    UAE's NMC Health delays May staff salaries - memo

    The troubled hospital operator, which usually pays salaries by the 25th of every month, said in an internal email to employees on Monday that this month's payroll processing will commence only on May 27. "In the coming days, we will begin to release salaries in a phased manner just as we've done successfully in previous months," acting Chief Executive Michael Davis said in the email, adding that he does not foresee any further delay. NMC Health was not immediately available for a comment.

  • Ashmore shows interest in deal to run NMC hospitals - sources
    Reuters

    Ashmore shows interest in deal to run NMC hospitals - sources

    Emerging markets-focused investment manager Ashmore Group <ASHM.L> has shown interest in a contract to operate troubled NMC Health's chain of hospitals in the United Arab Emirates (UAE), two sources close to the matter told Reuters. The British company's approach excludes any acquisition of NMC Health, the London-listed holding company that was placed into administration last month after months of turmoil, one of the sources said. Ashmore, whose private-equity arm focuses on healthcare sector, is among a number of potential bidders seeking a deal to run the hospitals, both sources said.

  • NMC INVESTOR FILING DEADLINE: Bernstein Liebhard Reminds Investors That Only 5 Days Remain to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against NMC Health PLC
    Business Wire

    NMC INVESTOR FILING DEADLINE: Bernstein Liebhard Reminds Investors That Only 5 Days Remain to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against NMC Health PLC

    Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of a deadline to file a lead plaintiff motion in a securities class action has been filed on behalf of investors that purchased or acquired the securities of NMC Health PLC ("NMC Health" or the "Company") ( OTC BB: NMHLY) between March 13, 2016 and March 10, 2020 (the "Class Period"). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Exchange Act of 1934.

  • Reuters

    UK watchdog investigates EY audit of NMC Health

    Britain's accounting regulator said it has opened an investigation into EY's audit of NMC Health, the troubled hospital operator that was placed into administration in April. Shares in NMC were suspended on the London Stock Exchange after the company revised its debt position to $6.6 billion, well above earlier estimates. "On 15 April 2020 the Financial Reporting Council opened an investigation into the audit by Ernst and Young LLP of the financial statements of NMC Health for the year ended 31 December 2018," the FRC said in a statement on Monday.

  • Business Wire

    NMHLY LOSS NOTICE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Investors of NMC Health Plc to Contact the Firm Prior to the Important Deadline in Suit Seeking Recovery of Investor Losses First Filed by the Firm – NMHLY

    Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of NMC Health Plc (OTC: NMHLY) between March 13, 2016 and March 10, 2020, inclusive (the "Class Period"), of the important May 11, 2020 lead plaintiff deadline in the securities class action first filed by the firm. The lawsuit seeks to recover damages for NMC investors under the federal securities laws.

  • UAE banks face write-downs of between 25%-50% on NMC debt, sources say
    Reuters

    UAE banks face write-downs of between 25%-50% on NMC debt, sources say

    Banks in the United Arab Emirates (UAE) with exposure to troubled hospital operator NMC Health <NMC.L> risk having to make provisions for between 25% to 50% on more than $2 billion of outstanding debt to the company, three banking sources said. NMC, the largest private healthcare provider in the UAE, was placed into administration earlier in April after months of turmoil which followed questions about its financial reporting from short-seller Muddy Waters. NMC's shares were suspended two months ago and on Monday the company requested the delisting of its shares from the London Stock Exchange.

  • Reuters

    NMC Health requests delisting from LSE

    Troubled hospital operator NMC Health <NMC.L> said on Monday it requested its shares be delisted from the London Stock Exchange after they were suspended two months ago. Shares in the UAE-based company were suspended two months ago and it was placed into administration this month following an application form one of the company's biggest lenders, Abu Dhabi Commercial Bank <ADCB.AD>. "We are working at pace to ensure continuity of patient care, stability for staff and suppliers and financial security for NMC's operating companies," Richard Fleming, joint administrator of NMC Health and managing director of Alvarez & Marsal, said in a statement on NMC's behalf.

  • Reuters

    ADCB files criminal complaint against individuals over NMC Health

    Abu Dhabi Commercial Bank <ADCB.AD> said on Wednesday it had begun criminal proceedings in Abu Dhabi against an unspecified number of individuals in relation to hospital operator NMC Health <NMC.L>, which was placed in administration last week. "ADCB confirms that it has initiated criminal legal proceedings with the Attorney General in Abu Dhabi against a number of individuals in relation to NMC Health Group," the bank said in a statement, which did not name the individuals. It said that the legal action was consistent with the objective of protecting its interests after administrators for NMC Health said on Tuesday they had replaced its board and asked ADCB to lead a steering group to discuss cutting its debts.

  • Shareholder Alert: Robbins LLP Announces It Is Investigating NMC Health Plc (NMHLY) Sued for Misleading Shareholders
    Business Wire

    Shareholder Alert: Robbins LLP Announces It Is Investigating NMC Health Plc (NMHLY) Sued for Misleading Shareholders

    Shareholder rights law firm Robbins LLP announces that it is investigating NMC Health Plc (OTC: NMHLY) for alleged violations of the Securities Exchange Act of 1934 and whether the Company's officers and directors breached their fiduciary duties to shareholders. NMC provides healthcare services in the United Arab Emirates, the United Kingdom, Spain, and internationally.

  • Reuters

    NMC executive chairman requests banks to keep credit lines open

    The executive chairman of troubled hospital operator NMC Health <NMC.L> said on Wednesday banks and creditors should continue to keep credit lines open for the company even if it goes into administration. Faisal Belhoul said in a statement banks should ensure the company has "the necessary liquidity to maintain healthcare operations and must continue to support the salaries of thousands of healthcare workers at this time." NMC Health, UAE's biggest private hospital group, said earlier on Wednesday it expects to be placed into administration in due course, following weeks of uncertainty relating to its debt levels and undisclosed shareholder dealings.

  • NMC Health expects to be placed into administration as talks with lenders fail
    Reuters

    NMC Health expects to be placed into administration as talks with lenders fail

    Healthcare company NMC Health <NMC.L> said on Wednesday it expects to be placed into administration in due course, following weeks of uncertainty relating to its debt levels and undisclosed shareholder dealings. NMC said in a statement it was unable to reach agreement with its creditors despite strenuous efforts to address their concerns. Abu Dhabi Commercial Bank <ADCB.AD>, one of the major lenders to NMC Health, filed an application earlier this month in a UK court to put the company into administration.

  • UAE's top banks reveal exposure to troubled hospital group NMC Health
    Reuters

    UAE's top banks reveal exposure to troubled hospital group NMC Health

    UAE's top banks including Emirates NBD and Dubai Islamic Bank on Sunday disclosed hundreds of millions of dollars of exposure to hospital group NMC Health, which a lender has asked a British court to put into administration. NMC - which recently revised its debt position to $6.6 billion, well above earlier estimates - has seen its stock more than halve in value since December after short-seller Muddy Waters questioned its financial statements. Dubai Islamic Bank said on Sunday it has a $425 million exposure to NMC Heath, while its subsidiary Noor Bank has a further $116 million.

  • NMC Health's new executive chair vows to recover misused funds
    Reuters

    NMC Health's new executive chair vows to recover misused funds

    The new executive chairman of hospital operator NMC Health <NMC.L> vowed on Saturday to work with authorities in Britain and the United Arab Emirates (UAE) to recover misused funds and called on the company's creditors for a debt standstill. Faisal Belhoul said in a statement that keeping NMC Health operating was a "national priority", particularly as the country and the world battle the coronavirus pandemic. Belhoul said putting the hospital operator into administration would "cause instability to the operating businesses of the NMC Group, creating additional pressure on the group’s liquidity and reducing value for all creditors."

  • Reuters

    Abu Dhabi Commercial Bank in talks with NMC Health over $981 million debt exposure

    Abu Dhabi Commercial Bank (ADCB) <ADCB.AD> is in talks with troubled UAE hospital operator NMC Health <NMC.L> to tackle the company's financial defaults, the bank said on Thursday. ADCB has an exposure of about $981 million (792.02 million pounds) to NMC, which represents less than 1% of the bank's total assets, it said. "The bank has initiated discussions with the NMC Health Group and other substantial creditors to implement appropriate solutions to address the company's financial defaults, governance and other issues," it said in a bourse filing.

  • Business Wire

    NMHLY LOSS NOTICE: ROSEN, A TOP RANKED LAW FIRM, Reminds NMC Health Plc Investors of Important Deadline in Securities Class Action First Filed by the Firm; Encourages Investors with Large Losses to Contact Firm – NMHLY

    Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of NMC Health Plc (OTC: NMHLY) between March 13, 2016 and March 10, 2020, inclusive (the "Class Period"), of the important May 11, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for NMC investors under the federal securities laws.

  • Shareholder Alert: Robbins LLP Reminds Investors NMC Health Plc (NMHLY) Sued for Misleading Shareholders
    Business Wire

    Shareholder Alert: Robbins LLP Reminds Investors NMC Health Plc (NMHLY) Sued for Misleading Shareholders

    Shareholder rights law firm Robbins LLP reminds investors that a purchaser of NMC Health Plc (OTC: NMHLY) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between March 13, 2016 and March 10, 2020. NMC provides healthcare services in the United Arab Emirates, the United Kingdom, Spain, and internationally.

  • NMC Health chairman steps down amid 'difficult period'
    Reuters

    NMC Health chairman steps down amid 'difficult period'

    "The Board has decided that the appointment of an executive chairman based in the UAE is appropriate given the challenging period the company is facing at the current time as it reviews previous financial irregularities; discusses its debt position with its lenders," the company said. Belhoul is a founder and chairman of Ithmar Capital Partners, which owns a 9% stake in NMC. The news comes only a couple of days after NMC revised its debt position, which now stands at $6.6 billion (5.4 billion pounds), much higher than it earlier estimated.

  • NMC says debt up at $6.6 billion; names chief restructuring officer
    Reuters

    NMC says debt up at $6.6 billion; names chief restructuring officer

    The company, which has been in crisis since U.S. firm Muddy Waters' short attack, revised its debt position from $5 billion earlier in March, and named Matthew J. Wilde as chief restructuring officer. "We are certain that his expertise and experience will bring significant benefit to the Group as NMC develops a plan to address the Group's financial indebtedness," NMC said. Wilde has been involved in many major restructurings in the Middle East region in recent years including DubaiWorld, DryDocks World, Carillion, Al Jaber Group and OW Bunker, NMC said.

  • NMHLY INVESTOR ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies NMC Health Plc Investors of Class Action and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
    Business Wire

    NMHLY INVESTOR ALERT: Bronstein, Gewirtz & Grossman, LLC Notifies NMC Health Plc Investors of Class Action and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against NMC Health Plc ("NMC" or the Company") (OTCMKT: NMHLY) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired NMC securities between March 13, 2016 and March 10, 2020, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/nmhly.

  • Shareholder Alert: Robbins LLP Announces NMC Health Plc (NMHLY) Sued for Misleading Shareholders
    Business Wire

    Shareholder Alert: Robbins LLP Announces NMC Health Plc (NMHLY) Sued for Misleading Shareholders

    Shareholder rights law firm Robbins LLP announces that a purchaser of NMC Health Plc (OTC: NMHLY) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between March 13, 2016 and March 10, 2020. NMC provides healthcare services in the United Arab Emirates, the United Kingdom, Spain, and internationally.

  • NMC INVESTOR DEADLINE: Bernstein Liebhard Announces That a Securities Class Action Lawsuit Has Been Filed Against NMC Health PLC
    Business Wire

    NMC INVESTOR DEADLINE: Bernstein Liebhard Announces That a Securities Class Action Lawsuit Has Been Filed Against NMC Health PLC

    Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action has been filed on behalf of investors that purchased or acquired the securities of NMC Health PLC ("NMC Health" or the "Company") (OTC Pink:NMHLY) between March 13, 2016 and March 10, 2020 (the "Class Period"). The lawsuit filed in the United States District Court for the Central District of California alleges violations of the Securities Exchange Act of 1934.

  • Business Wire

    ROSEN, A GLOBALLY RECOGNIZED FIRM, Reminds NMC Health Plc Investors of Important Deadline in Securities Class Action First Filed by the Firm – NMHLY

    Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of NMC Health Plc (OTC: NMHLY) between March 13, 2016 and March 10, 2020, inclusive (the "Class Period") of the important May 11, 2020 lead plaintiff deadline in the securities class action commenced by the firm. The lawsuit seeks to recover damages for NMC investors under the federal securities laws.

  • NMHLY SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Alerts NMC Health Plc Investors of Class Action and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
    Business Wire

    NMHLY SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Alerts NMC Health Plc Investors of Class Action and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against NMC Health Plc ("NMC" or the Company") (OTCMKT: NMHLY) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired NMC securities between March 13, 2016 and March 10, 2020, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/nmhly.

  • Business Wire

    ROSEN, NATIONAL TRIAL COUNSEL, Files First Securities Class Action Lawsuit Against NMC Health Plc

    Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of NMC Health Plc (OTC:NMHLY) between March 13, 2016 and March 10, 2020, inclusive (the "Class Period"). The lawsuit seeks to recover damages for NMC investors under the federal securities laws.