From £6.99 per month
ShareProphets
The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares

MINDING THE LSE’S BUSINESS

Join for as low as £6.99 per month

With ShareProphets’ membership, you receive:

• All premium articles

• Tom Winnifrith’s Bearcast

• Access to all the entire nearly 10 year archive

• ShareProphets Daily Newsletter

As Finablr heads for zero, NMC now says it has found evidence leading to suspected fraud – and still the FCA won’t suspend Finablr!

By Nigel Somerville | Thursday 12 March 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


This morning saw a first partial ‘fess-up by Finablr (FIN) and the shares, as covered by Tom Winnifrith, duly collapsed yet again. But on good day to bury bad news, NMC Health (NMC) ‘fessed up yet again, saying that evidence leading to suspected fraudulent behaviour has now been found. Well quelle surprise, given that we were told two days ago that it appeared that some proceeds from undisclosed £2.7 billion of borrowing may have been utilised for non-Group purposes. In other words, it had been stolen!

Premium content is for paid subscribers only
ShareProphets is reader-supported journalism

Become a member starting at £6.99 per month for all articles, the Bearcast, and our seven year archive.


Filed under:


Subscribe to our newsletter

Daily digest of our latest stories.



Search ShareProphets

Market News

Complete Coverage

Recent Comments

That Was the Week that Was

 

ANP

Anpario – a recovery Buy?...

Thursday »

Cat_Fixing_Lightbulb

Bearcast issue update: all should be well

 

ORCP

Oracle Power: Cynical Foul

Time left: 13:28:45