Carson C. Block · research-note
NMC Health plc (NMC.LN)
34 pages · 3 arc beats · 2 loops
NMC Health plc (NMC.LN)
Carson C. Block · 2019-12 arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
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Deck intelligence map
3 coverage by narrative range · generated from this deck JSON
Narrative range 31 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
The Monster 17 slides 100% 17/17 slides 100% 17/17 slides · 122 hits — 0/17 slides
— 0/17 slides
47.1% 8/17 slides 100% 17/17 slides 82.4% 14/17 slides The Struggle 10 slides 100% 10/10 slides 100% 10/10 slides · 71 hits — 0/10 slides
— 0/10 slides
20% 2/10 slides 100% 10/10 slides — 0/10 slides
The Victory 4 slides 100% 4/4 slides 100% 4/4 slides · 33 hits — 0/4 slides
— 0/4 slides
75% 3/4 slides 100% 4/4 slides — 0/4 slides
Slide inventory
34 every slide · same image gating as the playbook
02
The slide serves as an opening summary for a short-seller research report.expose_contradiction
03
This is a research note page detailing allegations of financial fraud and governance failures at NMC Health.expose_contradiction
04
The slide uses a comparative analysis of construction costs per square meter to highlight potential overstatement of assets.expose_contradiction
05
Includes table of hospital costs, qualitative evidence of potential fraud/overpayment, and identification of Modular Concepts as a related party.expose_contradiction
06
The table provides specific project examples to illustrate the construction market landscape in the GCC.cite_precedent
07
The slide serves as a portfolio or credential piece for a construction or engineering firm.illustrate_case
08
The slide uses a LinkedIn screenshot as primary evidence to establish a connection between Modular Concepts and NMC Health.expose_contradiction
09
The slide presents evidence of a potential shell company or proxy ownership structure linked to BR Shetty.expose_contradiction
10
The slide uses a LinkedIn profile screenshot as evidence of project involvement.expose_contradiction
11
The slide includes a CV snippet of Nancy E. Evangelista at the top, which appears to be a source or context for the investigation into the KBBO Group/NMC Healthexpose_contradiction
Open slide detailBeat · The Monster
12
Includes investigative commentary on the company's small scale and low patient volume.analyze_data
Open slide detailBeat · The Monster
13
The slide contains redacted text blocks. The bottom text mentions an employee at the Abu Dhabi Health Department calling the purchase price 'unbelievable'.expose_contradiction
Open slide detailBeat · The Monster
14
The slide uses a comparative interest income yield table to highlight a red flag in financial reporting.expose_contradiction
15
Includes two tables detailing debt refinancing by year and interest rates on total debt.analyze_data
16
The slide uses a comparative table to highlight a performance anomaly and then provides qualitative evidence from interviews to support a thesis of financial miexpose_contradiction
17
Includes a sensitivity table modeling EBITDA margin impact based on varying rejection rates.analyze_data
18
This is a research note page from a short-seller report (likely Muddy Waters or similar) alleging financial fraud.expose_contradiction
19
This is a research note page focusing on forensic accounting and investigative findings regarding undisclosed debt.expose_contradiction
20
The text argues that NMC misclassified Aspen leases as operating rather than finance leases, leading to a $320M debt understatement, and further questions the vexpose_contradiction
21
The slide contains a financial reconciliation table followed by investigative commentary on accounting practices.analyze_data
Open slide detailBeat · The Struggle
22
This is a research note page focusing on forensic accounting findings regarding supply chain financing.expose_contradiction
Open slide detailBeat · The Struggle
23
Part of an audited annual report; lists specific corporate debt instruments (Newell Brands, Nissan North America, NMC Healthcare).analyze_data
Open slide detailBeat · The Struggle
24
The slide contains a table of financial holdings and text referencing external reports and specific debt instruments.appendix
Open slide detailBeat · The Struggle
25
The slide details the structure of a supply chain finance transaction involving NMC Healthcare LLC and Channel Finance S.A.analyze_data
Open slide detailBeat · The Struggle
26
The slide presents evidence of potential accounting manipulation by NMC, specifically regarding off-balance sheet financing and misleading public statements.expose_contradiction
Open slide detailBeat · The Struggle
27
The slide uses a Bloomberg terminal screenshot and Google search results to build a case of suspicious debt reporting.expose_contradiction
Open slide detailBeat · The Struggle
28
The slide uses a screenshot of a 404 error page to demonstrate the removal of a portfolio company.expose_contradiction
Open slide detailBeat · The Struggle
29
The slide includes a Wayback Machine header indicating the source of the screenshot.other
Open slide detailBeat · The Struggle
30
Includes a screenshot of a web archive page and investigative commentary on financial reporting.expose_contradiction
Open slide detailBeat · The Struggle
31
This is a text-heavy research note page focusing on corporate governance failures and potential fraud indicators.expose_contradiction
Open slide detailBeat · The Victory
32
The table shows a net negative impact of over £1 billion from insider transactions, contrasting with the typical positive signaling of insider buying.expose_contradiction
Open slide detailBeat · The Victory
33
The slide presents evidence of aggressive share selling/pledging alongside compensation metrics that favor short-term EBITDA targets over cash-based performanceexpose_contradiction
Open slide detailBeat · The Victory
34
The slide includes a table of management compensation and a narrative critique of corporate governance.expose_contradiction
Open slide detailBeat · The Victory