|Bid||797.60 x 0|
|Ask||798.40 x 0|
|Day's range||703.40 - 800.00|
|52-week range||677.01 - 3,059.00|
|Beta (5Y monthly)||0.37|
|PE ratio (TTM)||6.20|
|Earnings date||05 Mar 2020 - 09 Mar 2020|
|Forward dividend & yield||0.18 (2.34%)|
|Ex-dividend date||13 Jun 2019|
|1y target est||54.44|
Shetty's decision to step down follows a string of resignations months after the company was thrown into turmoil following questions raised over the group's finances. A bruising short-selling attack by Muddy Waters launched two months ago has seen NMC's market value fall to 1.6 billion pounds ($2.1 billion), down from its peak value of about 8.4 billion pounds in August 2018. Here are ten facts about Indian billionaire Shetty.
Indian billionaire Shetty's resignation comes a week after UK regulators said they were looking into NMC following a disclosure that he had misstated the size of his NMC stake. NMC's London-listed shares fell as much as 9% on Monday after the group also said Chief Investment Officer Hani Buttikhi and another director had resigned. NMC, which joined the London Stock Exchange in 2012 and was promoted to the blue chip FTSE 100 index in 2017, operates clinics and hospitals, specialised maternity and fertility clinics, and long-term care homes hospitals across 19 countries.
The planets are aligning for Jupiter. The fund manager has agreed to buy rival Merian Global Investors for up to £390m, creating the second-biggest manager of retail funds in the UK, with just over £65bn of assets under management.
NMC Health’s founder BR Shetty has quit the board of the hospital operator as scrutiny of the FTSE 100 company’s ownership structure and finances intensifies. who buiit businesses across the United Arab Emirates, is to step down as co-chairman with immediate effect and HJ Mark Tompkins will act as sole chairman of the company, NMC said on Monday. comes after the Middle East’s largest private healthcare group last week said it was seeking urgent clarification over the size of the shareholdings of Mr Shetty and the group’s other large investors.
The single most important number an investor should know? For the billionaire founder of NMC Health it was the size of his shareholding. Mr Shetty’s departure follows claims from his co-chairman that the entrepreneur incorrectly reported his shareholding.
The largest private healthcare provider in the United Arab Emirates is listed in London on the blue-chip FTSE 100 index but has come under increasing pressure after shareholder Muddy Waters raised questions over its finances, prompting major investors to sell out, sending its share price tumbling. On Friday NMC said that vice chairman Khalifa Butti Omeir Bin Yousef is stepping down from the board. NMC subsequently said on Friday that there had been a series of complex shareholder dealings involving Shetty, Bin Yousef and another top investor, Saeed Butti Al Qebaisi.
FT premium subscribers can click here to receive Due Diligence every day by email. *Also in DD today: KKR’s brief dalliance with NMC Health, plus more payments M&A We all know about “Merger Mondays” but ...
Healthcare empire NMC should be clear about who owns its sharesFCA says it is ‘making inquiries’ after company says co-chairman’s stake is under legal review