“This Stock Could Be Like Buying Amazon in 1997” Simply click below to discover how you can take advantage of this. Edward Sheldon has no position in any shares mentioned. The Motley Fool UK owns shares of and has recommended NMC Health. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Edward Sheldon, CFA | Tuesday, 14th April, 2020 | More on: NMC Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. On Thursday afternoon, shortly before the UK stock market closed for the Easter break, NMC Health (LSE: NMC) announced it had appointed administrators. This comes after the company was embroiled in an accounting scandal late last year, and NMC Health shares were suspended from trading on 27 February.Here, I’ll look at what this means for those who own NMC shares. I’ll also highlight two red flags that could have helped investors see this coming.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…NMC Health in administrationWhen a company goes into administration, it’s taken under control by a licensed insolvency practitioner (the administrator). The ultimate objective of the administrator is to decide whether the company has the potential to trade successfully again – possibly after financial restructuring – or whether its problems are insurmountable.If the latter, it will need to be ‘liquidated’, which means dissolved completely. While in administration, the company can continue to operate. However, it will have protection from creditors, who may be threatening legal action over outstanding debt.In NMC’s case, Abu Dhabi Commercial Bank – which is owed almost $1bn by the company – pushed for administration. It feared NMC would be unable to pay employees in the months ahead and that the whole company may collapse.Bad news for shareholdersFor company shareholders, going into administration is generally very bad news. This is due to the fact that, if the administration involves a sale of all or part of the company’s assets to pay off creditors, shareholders are last to receive anything. They rank behind bond holders in terms of priority. Most of the time, they end up receiving nothing.Looking at NMC Health, it’s too early to know if shareholders will get anything back. However, my personal view is it’s unlikely. I say this because, last month, investigators discovered the company had undisclosed debt of $4bn, taking its total debt to over $6.5bn. This is far higher than the assets and equity on the company’s books at 30 June.NMC Health shares: two red flagsLooking back, there were certainly a few red flags here that could have helped investors avoid this mess.For a start, there was the short attack by research firm Muddy Waters in December. In a highly critical 34-page report, Muddy Waters said it had “serious doubts” about NMC’s financial statements and that it believed NMC had “manipulated its balance sheet to understate debt.”Whenever a company gets attacked like this, it pays to be very careful. This is because you can be sure the shorter has done their research. Looking back, Muddy Waters’ research was on the mark, as NMC understated its debt massively.Secondly, earlier this year, a number of insiders at the company, including founder and chairman Bavaguthu Raghuram Shetty and vice-chairman Khalifa Al Muhairi, offloaded a huge number of NMC Health shares. Between them, they sold nearly £200m worth of shares in January and February.Insider selling is not always a bearish signal. There are plenty of legitimate reasons for insiders to sell shares. However, in this case, the selling certainly didn’t look good, given the doubts over the group’s balance sheet.Had investors sold NMC Health shares on spotting these red flags, they may have been able to protect their capital. See all posts by Edward Sheldon, CFA Enter Your Email Address NMC Health has gone into administration. Here’s what that means for those who own the shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. 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Tagged with: Awards AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Professional Fundraising magazine is calling for entries to the 16th annual PF awards, designed to acknowledge and celebrate exceptional fundraising performance.The awards have been relaunched this year in line with the recent redesign of Professional Fundraising magazine. There are now four award categories: Advertisement Howard Lake | 30 January 2007 | News Professional Fundraising Awards 2007 now open for entries About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. 23 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis * Fundraising Charity of the Year * Fundraising Campaign of the Year* Rising Star* Outstanding Contribution. The awards are open to individuals and organisations from within the fundraising community in the UK.Nominations will need to meet the magazine’s “Hallmarks of Excellence” which include effectiveness, staff and volunteer development and retention, and measuring achievement.The deadline for entries is 28 February 2007.
Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Affordable Housing Rent Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Home / Daily Dose / Senator Warren Unveils Updated Housing Plan Previous: Rising Rates for Minority Homeownership Next: Pushing Housing Investment in Detroit November 19, 2019 1,115 Views Sign up for DS News Daily Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Servicers Navigate the Post-Pandemic World 2 days ago Related Articles Senator Elizabeth Warren has pledged to create a Tenant Protection Bureau as part of her previously announced $500 billion affordable housing plan. According to Senator Warren, the Bureau will be modeled after the Consumer Financial Protection Bureau (CFPB).“Before the financial crash, I came up with the idea for a consumer financial protection agency—a new federal agency dedicated to protecting American consumers. I fought for that agency, helped build it from scratch, and now the CFPB has returned nearly $12 billion directly to consumers scammed by financial institutions,” Warren said, according to The Hill.Warren also notes that, as President, she would create a national public database of information about large corporate landlords, including information like corporate landlords’ median rent, the number and percentage of tenants they evicted, building code violations, the most recent standard lease agreement used, and the identity of any individuals with an ownership interest of 25% or more, either directly or indirectly, in large landlords’ corporations, LLCs, or similar legal entities.Fellow Presidential candidate Senator Cory Booker unveiled a plan to address housing affordability challenges oin June. Sen. Booker reportedly modeled his plan for renters’ credit on legislation he recently introduced.CNN reported that while this plan “is similar to a plan by his 2020 rival Sen. Kamala Harris, a California Democrat who has centered her own housing policy on a subsidy for low-income renters,” his plan goes further by introducing “sweeping changes to restrictive zoning laws, coupled with federal incentives to build more affordable housing.”As part of his plan, Booker also said that he would not only target predatory housing market practices and funding grants to combat homelessness, but also expand the right to counsel for tenants from low-income households who were fighting eviction.”Making sure all Americans have the right to good housing is very personal to me,” CNN reported Booker as saying. “I’m determined to tear down the barriers that stand in the way of every American being able to do for their families what my parents did for mine.”Warren’s announced plan comes alongside an increase in single-family rents. Single-family rents increased 3% year over year in August 2019, according to the October CoreLogic Single-Family Rent Index (SFRI).Low-end rentals, with rents 75% or less of a region’s median rent, made up a large chunk of August’s growth, as rents on lower-priced rental homes increased 3.7% year over year and rents for higher-priced homes, defined as properties with rents more than 125% of the regional median rent, increased 2.7% year over year.In an interview with DS News, CoreLogic Principal Economist Molly Boesel discussed how the increase in single-family rentals has impacted the housing market as a whole, and why many potential homeowners are turning to rentals.“Some of the demand has come from households displaced by foreclosure and some has come from millennial households who are looking for a single-family home but are not ready to buy,” Boesel said. “Just as the market has a low supply of for-sale housing, some markets also have a low supply of for-rent housing, which has driven rents up.” The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Investment, News Affordable Housing Rent 2019-11-19 Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago Share Save Senator Warren Unveils Updated Housing Plan The Best Markets For Residential Property Investors 2 days ago Subscribe
By News Highland – May 18, 2020 Public urged to ensure overcrowding doesn’t return Twitter Nurses and doctors say we must ensure overcrowding doesn’t return to emergency departments in the coming weeks.The Irish Nurses and Midwives Organisation and Irish Association for Emergency Medicine fear the problem may come back.They’re warning that overcrowding and understaffing may lead to increased infection risk, poor patient outcomes, and unsafe workplaces.INMO general secretary Phil Ni Sheaghdha (PRO: Hay) says there’s a worrying rise in the number of people on trolleys:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/05/hosfgdfgdfgdptials7am.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Journey home will be easier – Paul Hegarty WhatsApp Previous articleIreland slowly starts to reopen this morningNext articleEnergy consumption in holiday homes down 83% over Easter News Highland AudioHomepage BannerNews Harps come back to win in Waterford RELATED ARTICLESMORE FROM AUTHOR Twitter Google+ Pinterest DL Debate – 24/05/21 Pinterest Facebook Derry draw with Pats: Higgins & Thomson Reaction Google+ FT Report: Derry City 2 St Pats 2 Facebook WhatsApp News, Sport and Obituaries on Monday May 24th