NMC Health plc

Yesterday NMC issued the latest in a series of confusing disclosures about its controlling shareholders’ ownership and pledges when it disclosed that 19.0 million of its shares are potentially subject to undisclosed share pledges. We note that the FCA has announced it is probing these misstatements.… more

We are short NMC Health plc.  We have serious doubts about the company’s financial statements, including its asset values, cash balance, reported profits, and reported debt levels.  At the worst of times, the company has invested in large assets at costs that we find too high to be plausible – inclu… more