Carson Block, the founder of Muddy Waters, launched a similar raid on Burford Capital in the summer Brendan McDermid/ReutersThe American short seller behind this year’s attack on Burford Capital has launched a bear raid on NMC Health, the FTSE 100 company. Muddy Waters issued a 34-page report today saying that it had “serious doubts” about NMC’s financial statements, including its asset values, cash balance, reported profits and debt levels. The report sent shares in NMC down more than a fifth on the London Stock Exchange. Muddy Waters alleged that NMC had “invested in large assets at costs that we find too high to be plausible — including from parties we believe are de facto under common control”. NMC is an international private healthcare company operating in 19 countries,…

Source: The Times December 17, 2019 12:45 UTC