Days	Hours	Minutes	Seconds

Got a buy order in @ 82.0 skinny, law of averages says it must have a bounce eventually, but to be honest I'm not holding my breath.

I'm in @73.85, but I got it very wrong last time, so hoping for better this time.

AHL's return yesterday down a whopping -1.06%, don’t be buying into this one just yet lads!

It’s looking remarkably like our three stooges have given up on Pandora yet again, what’s the problem Timmy-Boy!!! Ravi!!!! Louglas!!! Black-box too spicy for yah!

Grim plans to be voting against you party at the next AGM, your cum’n top of the list Pete me old pal, so be sure to rob our company as much as you can for now, cos your days are definitely numbered.

Here is grim’s financial forecast for Man Group for the first six months this year, ending 30th June 2012.

Total FUM $59,268,400,000

Management Fees $202,800,000

AHL Performance Fees $Nil

Net Finance Expense ($38,220,000)

Cash in hand $220,000,000

Profit Year to date $164,580,000

I would hope that the funds under management would remain roughly where stated back in May, I cannot see any real improvement in this direction due to the ongoing economic situation, and would consider a FUM report greater than $59.5 billion a very positive return.
Management fees of $200 million (conservative), not much to say here except that this figure is totally reliant upon the FUM.
AHL performance fees, well we all know what the return from our ‘flagship’ fund is going to be don’t we, so we’ll move swiftly on.
Net finance expense of ($38) million, I would hope this to be rather less if one considers the promise made back in December “saving of approximately $20 million from 31 December 2011”[1].
Cash in hand was stated as $250 million back in May, but this party has a sneaky habit of adjusting the cash situation in whatever direction seems appropriate to they’re needs, so I’ve lost $30 million on paper clips!
Profit for the full year somewhere around $330 million if we’re lucky.
Dividend maintained at 22 cent leaving $180 million cash in hand end of year, Pete knows if he cuts the dividend, he’s gone, so I don’t think we have any worries in this regard.

Please treat the above figures with the contempt to which you think they deserve, as they are merely a figment of grim’s uncultivated imagination, and please, kindly, do your own research!

Reference: [1] http://www.mangroupplc.com/assets/pdf/annual-reports/annual-report-9m-to-end-2011.pdf - Page 15.

Well, grim’s avin some of this………

http://www.mangroupplc.com/assets/html/daily_prices/daily_prices.pdf

What goin on Grim - can't get prices

The market is slightly bewildered with our ahl performance Bob!

Time to go 'core' on this stock me thinks!

investors will determine the "life or death" of EMG.

NO! Not at all Mr Halifuck, it will be AHL that determines the life or death of EMG!

What does AHL’s three stooges, and our England football team have in common?

Neither party can retain possession long enough to be successful!


That’s better; a mere 75 trades for the brokers to scrap over since the open!

Grim - Do you agree with me as follows -

Did you have a previous connection with EMG, ( you seem to know names )
Do you have any idea why FD left ?
You estimated profit for 2012 of $330m
9 months to 31/12/11 $193m ( /3 x 4 = $257 m for 12 months )
12 months to 31/3/11 $324 m
if your est correct - $330m is not bad, under present conditions
Perhaps could be more than $330m as they are pushing for cost savings ?
Jump in NAV over last few days - ? is it a reliable figure and sustainable ?

What do you think ? Bob

Afternoon Bob, no previous connection with this party, other than my unfortunate greed for high dividend investments. I can only surmise that Mr Hayes’s departure was instigated by Pete and his pals, trouble is Pete hasn’t got the first clue about how Pandora works, so he has to pretend that he does by agreeing with our resident rogue trader Wong.
“$330m is not bad”, as you say, its not bad, but its pretty rubbish as well, if they maintain this level profits they run the risk of upsetting my dividend yield, trouble is, AHL are just not helping out here, they’ve brought nothing but rags to our arses over the past eon, if AHL were up in their place we should be looking at least one billion dollars a year, so I aint impressed!
As for cost savings, our new FD wont know if his ass’hole is punched or bored, he’s probably just another yes man with connections, so I aint holding my breath on that one, but I’m always happy to be proven wrong when it comes to savings.
Jump in our net asset value over the past few days! they do say that ‘he who lives in hope’s will surely die in despair’, so I’m sorry I refuse to be drawn on this one, all I am prepared to say is ‘Wong never fails to disappoint!’

Grim

Ah, nice to see the chart again

Cheers Max, what do you recon on the 20-day SMA! Intuitive, or misleading!

Grim / not Max but Bob

- 20 dma - OK leave it in for a while - lets see
- 2 days AHL NAV higher - lets hope it is sustained
- Share price lower thou today - do not know why ?

"he who lived in hope and surely died of despair"
This will be my epitaph - I think

Not any more you wont Bob, cos now every time your aware of a little hope entering your thoughts, you’ll merely push them to one side and move on, besides, they do say that you should be careful what you wish for, I’m now at a stage where I have just about lost all hope in all things, except my own judgement!

This is better, AHL up 0.76% yesterday, to close at $1.1558 for the week, still some way to go before we can expect our share price to fall back in line with this crucial index, the market is all too aware that one bad week from Pandora and we’re right back in ‘redemption city!’

"our resident rouge trader" seems to have been lucky with the ingredients he has cast into his black box. Lets hope his magic spell mends some broken hearts. #:0)