I suspect trading tomorrow will probably answer this conundrum, but I know there are some far wiser owls than me that contribute to this bb & I would be interested in their opinions.

My question is this: the chart below looks to me like a pullback of the uptrend (ie when it went north through 14.00) however I am unsure as it has now broken down through 14.00 whether this is trending up or down :-(

So what do you think - up or down, or should I just flip a coin :-)) ?

Not only its flagship AHL fund has been dogged in recent months but it now emerged its Athena Guaranteed Futures fund is also not doing well.

Awful looking chart hyleo admittedly, if it breaks below 200.0 you have to fear the worst and the expression 'catching a falling knife' will never be more true. Question is (Irish) how much more oversold can it get? :o))

Wee punt just prior to close went long (sb) @ 220.3 initial target 240.0 Stop 209.0.

bave man!

I'm afraid I'm not Man Enough, moved my stop to entry and expect to get stopped out pretty soon. Could have done with an Indeces rally from the off today, but not to be. Fortunately got a Ftse short running so will at least make some money today.

Went back in yesterday @ 222.9 locked in with a stop @ 239.9 +17. Currently 243.7 be amazed If I don't get stopped out.

Stopped out and back in @ 237.8

Slightly distorted double bottom, but now hoping for a long uptrend.

Amen to that The longer the better!

Ditto..

expecting an trading update in a couple of weeks, wonder if the outflows will show any sign of slowing ?

last weekly perf a bit better on AHL, but still 16% below HWM and so the performance fees will be dropping away

would expect the street to continue to downgrade nos up to the release

11 March 2010

Date of Pre-Close Trading Update and Full Year Results

"Man Group plc confirms that it will release its pre-close trading update for the year ending 31 March 2010 on Wednesday 24 March at 7am (GMT). There will be a conference call at 8am (GMT). Man's full year results announcement will follow on Thursday 27th May."

As at the close of business on 8 March 2010, the nav of Man ahl Diversified Futures Ltd was US$35.75. up 25c.

I think there were large sells by 2 directors in the last few days.

Was thinking of buying a few, but hesitating for a little longer.

I'll sell you some fred.. still waiting for the next spike....it was looking good all that time ago..

Not to put to fine a point on it Sarkozy is a twat! :o))

Summary from Digitallook:
"Hedge fund manager Man Group is comfortably the highest yielding stock among FTSE 100 constituents, but a rebasing a City euphemism for a cut of the dividend could be on the way, according to Morgan Stanley.

The shares are currently yielding 11.77% based on historical dividend payments and though Morgan Stanley thinks the company will dip into reserves to hold its divi at 44 cents in fiscal 2010 it may not be so keen to do so again in fiscal 2011.

Given below-average performance fees and slower recovery in sales momentum, we see an increasing likelihood that dividends will be rebased and assume a ~45% reduction in DPS [dividend per share] to $0.25 for FY11e [fiscal year 2011 estimate], implying just covered by FY11 earnings, Morgan Stanley analyst Bruce Hamilton said.

Hamilton has chopped his price target for Man from 340p to 260p.

Elsewhere in the broking community Numis Securities has downgraded Man from buy to add."

Business Financial Newswire
"Hedge fund manager Man Group said Funds under Management (FUM) at end-March 2010 are currently estimated at $39.1bn, down from $46.8bn the prior year.

Fourth quarter sales remain subdued at an estimated $1bn, with redemption levels stable ($2.5bn in Q4).

Mandate wins for the multi-manager business were around $1.5bn during the fourth quarter - to be included in FUM over the coming quarters.

Trading conditions for the managed futures style have improved, giving positive AHL performance for the calendar year to date.

Profit before tax and adjusting items for the year to end-March is estimated at $530m.

Diluted earnings per share were an estimated 23 cents.

Man said the financial position remains strong, with a regulatory capital surplus of $1.5bn and net cash of $1.5bn.

The group intends to recommend a final dividend of 24.8 cents per share, giving an unchanged total dividend for the year of 44 cents per share."

Summary of note from Merrill Lynch today:
"So, clean numbers are set to be a bit ahead of our estimates, and AUM was also a bit better than expectations. Sales, though, were subdued. The companys outlook statement sounds as if the company has a strong roster of retail products on the launchpad, but that these require material positive performance from AHL to produce strong sales. AHL is up 5% from the lows, but we presume that at least another month or two of positive performance would be called for here. We will therefore probably trim FY 11 and FY 12 estimates by mid single digits, essentially reflecting a lost quarter or so of retail sales.

Man remains well financed, with surplus capital of $1.5bn, and with powerful distribution and product structuring capacities. If you believe, as we do, that there is no evidence that AHL has broken, the stock is clearly undervalued. At some point, be it in FY 11 or FY 12, Man will earn normalised performance fees, at which point the stock will be trading on a mid single digit P/E adjusted for surplus capital."

Business Financial Newswire
"Man Group upgraded to outperform from underperform at Credit Suisse"