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 :-)) ?

StockMarketWire.com
Hedge fund manager Man Group said statutory profit before tax on continuing operations for the half-year to end-September will be $145m (H1 2011: $180m). Diluted statutory EPS is 5.7 cents per share (H1 2011: 7.6 cents).

Adjusted profit before tax is $185m (H1 2011: $227m).

Net management fees (excluding net finance expense) of $200m (H1 2011: $234m) reflect the inclusion of GLG, reduced associate income following the sale of Man's interest in BlueCrest and previously indicated increases to property costs and depreciation.

Net performance fees were $30m (H1 2011: $17m).

Net finance expense was $45m (H1 2011: $24m), including a one off cost of $19m related to the recent debt buy back; annualised interest expense following the buy back will reduce by c. $20m.

Adjusted diluted EPS was 7.5 cents per share (H1 2011: 10.2 cents per share).

The regulatory capital surplus was $1bn, net cash was $700m and total available liquidity resources were $3.4bn.

Alternatives performance: uncorrelated returns from Man's wide range of investment strategies generated positive investment movement of $0.4bn in hedge fund styles in Q2 (negative $0.8bn for H1).

AHL generated $1.5bn of positive investment movement in Q2 ($0.9bn in H1).

GLG alternatives delivered a mix of positive and negative performance across styles, but were $1.1bn negative for Q2 ($1.4bn for H1).

Institutional fund of fund performance was flat for Q2 ($0.3bn negative for H1).

Long only performance: GLG long only strategies registered a negative market movement of $1.9bn in Q2 ($1.8bn for H1).

Flows: inflows from AHL and institutional fund of funds and outflows from guaranteed products and GLG styles gave a Q2 outflow of $2.6bn (H1 inflow of $1.1bn driven by positive flows from GLG in Q1 and from AHL across both quarters).

After record sales in Q1 of $9bn, Q2 sales reduced to $4.5bn, reflecting an anticipated deterioration in investor sentiment over the summer.

Redemptions increased from $5.3bn in Q1 to $7.1bn in Q2.

Total FUM was $65bn at end-September (30th June 2011: $71bn; 31st March 2011: $69.1bn).

Given business performance for the six months ending 30th September 2011, Man's strong market position and continued capital strength, the Board intends to maintain an interim dividend for the period of 9.5 cents per share, to be paid in December 2011.

The Board expects to propose a final dividend for this three month period of 7.0 cents per share, to give a maintained total dividend, pro-rated for the nine month period, of 16.5 cents per share.

I will wait for 150p.

Nasty candle.

hmm 150's?

think so gibby.

12 month low 165.90 - I don't have the 2009 low.

Numis comment today:
Whilst Man is by no means low risk, as AHLs recent good performance (+7.4%
since June, c.5% below HWM today) could quickly unwind in volatile/direction-less
markets, we believe a yield of >7.3% (80-90% covered by management fees and
c.200% by surplus capital) will represent very good value to a long term investor.
Consequently, we upgrade from Add to Buy given the share price weakness this
morning.

Yield looks attractive. 7.1%

On edit - dependant on November interim amount!

Hargeaves Lansdown - of their EMG trades this morning 5.26% were sells, 94.74% were buys - so private investors shopping.

Just bounced off 170p.

Does anyone know when the actual ex-divi date is please?
Can only find this:
"Dividend:Given business performance for the six months ending 30 September 2011, Mans strong market position and continued capital strength, the Board intends to maintain an interim dividend for the period of 9.5 cents per share, to be paid in December 2011. The company's subsequent dividend payment will be for the three months to 31 December 2011, to align dividend payments with Man's new December year end. The Board expects to propose a final dividend for this three month period of 7.0 cents per share, to give a maintained total dividend, pro-rated for the nine month period, of 16.5 cents per share. Subject to shareholder approval, the final dividend will be paid in May 2012."

If it follows previous years, then it should be 23rd November.

Caps have 03/11 Interim results
23/11 Interim Ex - Divi date.

Cheers, guys. A way to go yet then.

Big sell-off last 3 days.

Off another 5p and heading to 150p .

Could these fall to 100p in the next 12 months.?

Sub 100p by X'mas

Why do you say that..?

satisfying profit here - i'm out for now - however condering back for right price ref divis!!! gla