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Are you MAN enough? (EMG)     

Velocity - 20 Jan 2005 21:49

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 :-)) ?

Chart.aspx?Provider=EODIntra&Code=EMG&Si

mitzy - 04 Oct 2011 08:08 - 341 of 960

Off another 5p and heading to 150p .

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

hlyeo98 - 04 Oct 2011 13:18 - 342 of 960

Sub 100p by X'mas

mitzy - 04 Oct 2011 13:19 - 343 of 960

Why do you say that..?

gibby - 07 Oct 2011 13:10 - 344 of 960

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

gibby - 12 Oct 2011 08:57 - 345 of 960

hmmmmmmmmmmm

nearly time to bug for a easy profit again - yeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaa

nice red today - excellent! caveat that - sorry to any already in

gibby - 12 Oct 2011 08:58 - 346 of 960

type nearly time to buy - not bug!

gibby - 12 Oct 2011 12:14 - 347 of 960

well got in again mainly for the divi and of course this very low sp! - can see this rising steadily up to ev divi date now with occasional small dipd

buy on weakness!!! gla

gibby - 12 Oct 2011 13:00 - 348 of 960

lots of bargain hunters here today i note - trends indicate a good finish so far gl

HARRYCAT - 12 Oct 2011 13:34 - 349 of 960

Goldman Sachs note:
"Man Group had the dubious honour of being the first asset manager to report its AUM to the end of September 2011. The groups shares fell 20% as the group reported AUM that were 10% below our forecast. Although disappointing, we believe that as further 3Q11 results are released much of the weakness will be shown to be general market weakness, rather than anything companyspecific. We slightly lower our net inflow forecasts to reflect what we expect to be a tougher fund raising environment for the groups GLG suite of products. After weak performance from GLGs absolute return vehicles in 3Q11, we also reduce our 2012 performance fee forecasts, which has a meaningful impact on EPS in that year.
Our valuation approach applies a blended P/E multiple of 10.5x to our 2012 and 2013 EPS forecasts on a time-weighted basis. As we outlined in our initiation note (Hybrid vigor: GLG synergies underappreciated; initiate as Buy, June 22, 2011) this is in line with the groups historical multiple since 1995. Insofar as it fails to take the improvement in Man Groups earnings quality into account, we believe that this is a conservative valuation approach."

gibby - 12 Oct 2011 13:57 - 350 of 960

bingo - exactly hc

gibby - 12 Oct 2011 21:22 - 351 of 960

strong recent director buying:

29-Sep-11 Buy Ruud Hendriks 177.40p 100,000 177,400.00
29-Sep-11 Buy Emmanuel Roman 176.20p 50,000 88,100.00
29-Sep-11 Buy Kevin Hayes 176.20p 50,000 88,100.00

Chris Carson - 13 Oct 2011 00:38 - 352 of 960

Chart.aspx?Provider=EODIntra&Code=EMG&Si

Pretty grim looking chart Harry, I know past performance is no guarantee but I'm going to wait for RSI to show oversold, maybe 140.0. Lets be honest even if I miss the boat and it rockets from here there will be plenty of opportunities to trade it going back up unless a bid does come along in the meantime. We'll see :O)

Chris Carson - 13 Oct 2011 01:15 - 353 of 960

mitzy - You still hanging on for 150.0 ?

HARRYCAT - 13 Oct 2011 09:03 - 354 of 960

Almost there now.

mitzy - 13 Oct 2011 09:06 - 355 of 960

Hi Chris.. yep.

gibby - 13 Oct 2011 09:07 - 356 of 960

indeed - there is talk of a takeover due to emg current weakness - happy to hold and wait here for bounce which will happen t/o or no t/o

mitzy - 13 Oct 2011 09:09 - 357 of 960

Chart.aspx?Provider=EODIntra&Code=EMG&Si

A sitting duck gibby.

HARRYCAT - 13 Oct 2011 09:09 - 358 of 960

10 year low hit. (Can't see back any further).
Buying at 140p! ;o)

mitzy - 13 Oct 2011 09:17 - 359 of 960

I agree with you Harry about 140p the 10 year low.

gibby - 13 Oct 2011 09:46 - 360 of 960

exactly mitzy - i am expecting to obtain more of these and hedge - fantastic sp! i am hoping for lower
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