NMC was the worst performing FTSE 100 stock in 2019. Should I buy it?

first_imgNMC was the worst performing FTSE 100 stock in 2019. Should I buy it? 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. Simply click below to discover how you can take advantage of this. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! “This Stock Could Be Like Buying Amazon in 1997” Jonathan Smith | Tuesday, 7th January, 2020 | More on: NMC Now that 2019 has come to a close, taking stock of both the good and the bad can give us various lessons to take forward into 2020. I have already written a piece looking at the star performer from the FTSE 100 index last year, which you can read here.However, it is also worth reviewing the worst performer, and seeing what we can spot to avoid when making investment choices this year.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…Firstly, it is actually quite hard to pinpoint the specific ‘worst performer’ as the FTSE 100 relegates companies that have a sharp drop in the share price (and thus the market capitalisation) down to the FTSE 250 on a quarterly basis. For example, Marks and Spencer was in the FTSE 100 at this time last year, but dropped out in Q3. Then there is the issue of whether to include dividends in the performance, or the exact date range we choose.To keep it clean, I’ve used the numbers of the companies that were in the FTSE 100 for all of last year, to give a fair comparison. In this case, the wooden spoon goes to NMC Health (LSE: NMC). It is the largest healthcare provider in the Middle East, but also has a network of hospitals in Europe.This time last year it was trading at 2,620p, and opened in the New Year at 1,800p. This is a fall of some 31.3%.What happened here?Taking the performance over an annualised period as we have done usually smooths out a bumpy road, but not so for NMC. For most of last year, the share price was fairly muted. If you had checked your portfolio containing NMC in May or September then it would have shown you a profit (assuming you bought it at the start of 2019). The real kick in the teeth that saw it take the booby prize came just last month. The share price dropped by almost 50% following a report about the validity of the company’s financial statements from Muddy Waters. Muddy Waters calls itself a “due diligence based equity research” firm, and has been in the news previously for questioning or exposing company practices. The firm claimed that NMC had potentially overpaid on acquisitions, inflated its margins and understated reported debt. The market reacted fast, with the share price yet to make a meaningful bounce back.Should I buy it?At the moment, I do not believe that retail investors such as myself have enough information on what is true or not. NMC called the report by Muddy Waters “false and misleading” and has opened its books for independent review. If the business has nothing to hide, then sure the current share price makes it cheap on a relative basis if the company is actually in good financial health.However, if NMC does have problems (Muddy Waters claim it has understated debt of $320m as of 2018) then this could be a serious can of worms that could see the share price tumble further. On balance, without more publicly available information, buying into NMC seems more of a gamble than an investment to me at the moment. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.center_img Our 6 ‘Best Buys Now’ Shares Jonathan Smith does not own shares in NMC Health. 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. 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. Enter Your Email Address Image source: Getty Images. See all posts by Jonathan Smithlast_img read more

Palm Beach Sheriff’s Office Renews Plea for Help on Dead Woman’s Case

first_imgAt that time, Davison is said to have fled the area on foot, although he was eventually caught and arrested for an outstanding warrant from New Jersey.Jacobsen’s father has told investigators that his daughter was in Lake Worth Beach seeking treatment for drug abuse.A medical examiner did not specify Jacobsen’s cause of death. However, the case is being investigated as a homicide.Anyone with information is asked to call Palm Beach County CrimeStoppers at (800) 458-TIPS. A reward of up to $10,000 is being offered for information regarding this case. The Palm Beach County Sheriff’s Office is renewing a plea for help in solving the case of 20-year-old Jenna Jacobsen, the woman was was found dead near Lantana last year, after having been missing for nearly a month.PBSO posted about Jacobsen in May of 2019, saying that she was last seen on April 25, 2019. On May 30 of last year, workers found human remains buried in a shallow grave near a Lantana scrub area were identified as Jacobsen.Officials now say Jacobsen was last seen with her boyfriend, Zachary Davison, in a back alleyway near the area of South East Coast Ave. and 8th Avenue S.Jenna Jacobsen was last seen on April 25th, 2019 with her boyfriend, Zachary Davison in #LakeWorthBeach. A few days later, her lifeless body was found.She was only 20 years old. We won’t stop until we find the one(s) responsible. Anyone with information call (561) 688-4026. pic.twitter.com/NO0VaKXNzf— PBSO (@PBCountySheriff) June 12, 2020last_img read more

Former Nigeria International, Kingsley Onye, Blasts Rohr

first_img“Their performance at the last Africa Cup of Nations in Egypt was not impressive at all”, said the left footed defender who was a member of the Flying Eagles squad that placed third in the then World Youth Championship now renamed U20 World Cup.The performance remains evergreen considering that it is the 1989 squad that did better emerging runners-up in Saudi Arabia.To Onye, Nigeria’s football is currently sliding considering the results posted by the various national teams including the beach soccer squad, the U23 side, the Super Falcons and also the U17 team.He faulted the lingering goalkeeping problems the Super Eagles have been having for nearly five years now and advocated for a thorough search for Nigerian players within the country and around the globe.In the face of the dwindling standard, he singled out Samuel Chukwueze as a striker to watch while also lending his support for the efforts to make Queens Park Rangers midfielder, Eze to switch allegiance to Nigeria.Onye called on the involvement of some Nigerian former internationals to get integrated into the coaching class so as to regenerate the stars.“Lets look towards people like Taribo West, Nwankwo Kanu as former players who could help develop new talents”, remarked Onye.“Kanu can be inspirational to the up coming stars. With a combination with another star like Taribo they can combine to give ideas on how international assignments are executed having been there before and having trained under some of the best coaches in Europe apart from playing for top clubs.”Surprisingly, Austin Jay Jay Okocha was conspicuously absent in his list. He explained that a player like Okocha is exceptional and his skills are difficult to replicate.Onye explained that while Samson Siasia and Christian Chukwu were on the saddle as Super Eagles’ manager, he acted as scouts for them.But it has been difficult to point out a Nigerian coach to handle the Super Eagles owing to their lining towards nepotism.He found it difficult to name a current Nigerian coach as a possible successor to the troubled Gernot Rohr as he described Manu Garba as having led the worse Nigerian U17 team in history.On Imama Amapakabo, Onye said that the U23 coach was to be a member of their 1985 Flying Eagles to Soviet Union but was decamped as a goalkeeper. “He nearly took Rangers down the season after the club won the Nigerian league in 2016.He believed that Nigeria might have to look to the members of the 1994 Super Eagles to get a successor to Gernot Rohr whose contract he believed should not be renewed.Meanwhile, embattled coach has explained the ‎true state of his contract with the Nigeria Football Federation ( NFF) as the row over extending his contract continue to be in public discuss.Although the coach is pushing for an extension, however fresh clauses in the supposed new agreement is what is making the the two parties not to shift stand.” My contract will expire in June 2020, we have started the qualifiers in a good way now to qualify. So I am ready to discuss because I have also other Federations who want to have me but I tell them that for the moment my priority is to discuss with the NFF.” That’s the situation but after the 1st of January, I am free to sign where I want after the 1st of July I will be free to sign where I want. This is the situation that is why I think the next step will be to wait and see what the NFF is doing.“We have our team, our plan, our project ‎. We have our program to go to the AFCON and to start well in the World Cup qualifiers because everybody want to go to the World Cup and this team has a good chance to go there”,Rohr told Owngoalnigeria.com.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Femi SolajaNigeria’s Super Eagles’ manager, Gernot Rohr seems to be at the centre of the storm. Only two days ago, his employer, Nigeria Football Federation (NFF), issued him a query over breach of contract agreement and for this and others reasons, former Nigerian international, Kingsley Onye has teamed up with those who believe the coach has not done enough to be retained as Super Eagles gaffer.Onye, who is based in the United Kingdom, in a telephone interview with ThisdaySports yesterday expressed his disgust at the levels at which the Super Eagles are currently operating.last_img read more