Hints and tips:
...Carson Block, founder of Muddy Waters, said YY Live was about “90 per cent fraudulent” and suggested Baidu was attempting to buy growth in the form of an “almost completely fake business”....
...Julian Roberts, a Jefferies analyst, said the listing news was “positive, both from a governance and a business point of view”....
...Broker Jefferies has serially expressed doubts over the health group’s numbers. In May, it fretted over NMC’s cash flows, working capital and related-party management fees....
...Carson Block fully deserves his victory lap, of course. So do analysts James Vane-Tempest and Kit Lee at Jefferies, who’ve been picking at the loose threads in the NMC investment case since mid 2017....
...Muddy Waters, headed by Carson Block, alleged Burford misled investors by overstating the value of the cases it was funding before litigation had finished and had got away with “aggressive and unwarranted...
...Broker Jefferies published a report supportive of OSIS with a price target of $106 per share. The stock is stuck 38 per cent lower, suggesting investors will need something more convincing....
...House broker Jefferies turned positive with a 222p price target, pinned largely on Cairn firming up its Senegal discovery by late 2016....
...However, that drew the attention of Carson Block, founder of Muddy Waters, who argued that the company was close to collapse under the weight of its borrowings....
...Joseph Dickerson, analyst at Jefferies, says this “compares unfavourably to competitors,” such as its UK rival HSBC, Singapore’s DBS and ICICI of India, which were all above 70 per cent....
...The deal is being financed with debt provided by Goldman, Jefferies, Morgan Stanley and funds managed by GSO Capital Partners, a unit of Blackstone....
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