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 Funds under Management (FUM) at end- December 2011 were $58.4bn, down from $64.5bn at end-September and $69.1bn at end-March 2011. There was a net outflow of $2.5bn in the quarter.

Sales in the quarter to end-December were $3.1bn and redemptions were $5.6bn, giving a net outflow of $2.5bn.

There were negative investment movements of $1.5bn, with AHL Diversified plc down 7.7% in the quarter, but a positive overall performance at GLG.

FX and other movements were a negative $2.1bn, driven principally by previously announced guaranteed product degears of $1.6bn and FX translation effects of $0.3bn.

Man continues to review operating costs and efficiencies. In addition to the previously announced savings, a further $75m of cost reductions from the 31st December 2011 cost run rate will be implemented by the end of 2012. $50 million of these additional savings are expected to be realised in 2012 and the balance in 2013.

Further details, including any exceptional costs to deliver these savings, will be contained in the final results statement on 1st March. The previously announced savings of $40m relating to outsourcing and reduced finance expense are on track for 2012.

Man said its financial position remains robust, with net tangible assets of $1.6bn, net cash of $600m and total available liquidity resources of $3.2bn. After the repurchase of shares and the payment of the interim dividend, the regulatory capital surplus on 31st December 2011 was around $850m.

As previously announced, the Board expects to propose a final dividend for the three month period to 31st December 2011 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.

FUM down, yet the sp up 4%, so either the figures are better than expected or expectations were pretty low to start with. I am sure the brokers will be number crunching as I type. Lets hope they start recommending EMG as a 'buy'.

Let the market decide whether they can steer the company .

update not as bad as expected and already factored in - only thing keeping this up is poss. of a t/o and dividend - probably best to hope for is hold from brokers imo

still the day is young yet!!!

Pushed in Motley Fool's lunch time blurb.

Shares Mag article:
"Hedge funds can offer counter-cyclical returns. Quantitative ‘trend following’ hedge fund manager AHL, a part of Man (EMG), has a track record of performing well during bear runs or periods of market dislocation.
The firm’s benchmark product, the AHL Diversified Programme, generated a profit in October 1997 during the peak of the Asian financial crisis. It made money again between August and September 1998 despite the Russian crisis and collapse of Long-Term Capital Management. And it generated positive returns during both the 2000 to 2003 and 2007 to 2009 equity bear markets.
AHL Diversified generated an annualised return of 16% between its inception date, 26th March 1996, and 30 September 2011, according to the fund manager. It uses trading rules, or algorithms, to pick up on trends, both negative and positive, across multiple assets classes and geographies. It takes exposure via futures contracts and uses about 300 di erent such instruments including commodity futures, financial futures and foreign exchange pairs.
The process can be less successful when confronted by rangebound markets. After returning 6.9% in August, when global markets lurched down in the wake of Standard & Poor’s downgrade of the America’s sovereign debt, the hedge fund has since struggled. This is because AHL tends to over-trade in trendless markets, particularly when volatility spikes and prices whipsaw as seen in the third quarter of 2011. But in the long term, the track record of the process speaks for itself."

EMG Man Group Positive bullish Divergence on MACD.......

Long on EMG Man Group.......gulp.

Gone long here.

EMG MAN GROUP......

Good luck with that! 300p any time soon would be good!

Brokers have turned very positive in
recent days on this stock look at all the
BUYS. EMG MAN GROUP

Hemscott Premium...........

Man Group PLC

FORECASTS 2012 2013
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Arbuthnot Securities
31-01-12 BUY 231.22 12.15 10.92
SG Securities
31-01-12 BUY 12.89 19.05 13.88 14.35
Peel Hunt
30-01-12 BUY 226.02 9.92 10.52 468.69 20.57 15.30
Numis Securities Ltd
27-01-12 BUY 222.23 8.99 14.26 222.53 9.31 14.33
Singer Capital Markets Ltd
23-01-12 BUY 219.94 9.06 14.10 258.39 11.27 14.17
Charles Stanley
20-01-12 HOLD
Investec Securities
07-12-11 BUY 158.49 13.11 15.74 249.02 20.87 16.34
The Royal Bank of Scotland NV
28-11-11 HOLD 361.36 15.61 13.73 405.75 17.63 13.73
Eden Group
03-11-11 BUY
Execution Noble
29-09-11 NEUT 226.38 9.24 13.99 469.53 19.80 12.07
Evolution Securities Ltd
18-07-11 BUY 266.24 11.96 473.94 21.46
Keefe Bruyette & Woods Ltd
23-05-11 UNDP

2012 2013
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 327.48 15.42 14.52 423.13 18.38 14.72
1 Month Change -50.87 -3.30 -0.30 -80.75 -3.71 -0.52
3 Month Change -70.06 -4.25 -0.87 -98.88 -4.47 -0.28

Notes to forecasts
Change of year end from March 2012 to December 2011


GROWTH
2011 (A) 2012 (E) 2013 (E)

Norm. EPS -8.25% -9.77% 19.21%
DPS -21.80% -32.14% 1.37%

INVESTMENT RATIOS
2011 (A) 2012 (E) 2013 (E)

EBITDA £384.90m £363.16m £438.93m
EBIT £335.62m £275.34m £401.69m
Dividend Yield 18.49% 12.55% 12.72%
Dividend Cover 0.80x 1.06x 1.25x
PER 6.77x 7.50x 6.29x
PEG -0.82f -0.77f 0.33f
Net Asset Value PS 53.73p 112.56p 104.62p

Brokers getting bullish with the target SP since start of new year......


Date Broker name New Price Old price target New price target Broker change

16-Jan-12 UBS Buy 110.30p 210.00p 160.00p

11-Jan-12 Singer Capital Markets Buy 104.50p 230.00p 140.00p Reiteration

140p and 160p SP targets respectively.

Worth a punt GF in @ 119.5 initial target 140.0 stop 109.5

Yep most certainly Chris. Lets hope we get a general follow through day tommorow on the FTSE.

EMG MAN GROUP Intraday chart showing breakthrough.....

From tipster over the road at t1ps.......

Arbuthnot's target price is 192p

CHART OF THE DAY ON INVESTORS INTELIGENCE
DAILY TIP MEMO.

UK Chart of the Day: 2 February 2012

Chart of the day: Man Group testing downtrend resistance...

Is Man Group's long-term downtrend over? Yesterday saw the stock break the short-term downtrend, as prices rallied above 120p (see right). More interestingly, the stock is now probing the pattern of falling highs.

Technically, the stock has scope for a further rally. First, prices are far beneath its long-term 150-day moving average. This increases the probability of 'mean reversion'. Second, it is not overbought. Third, the current rally saw most former underperformers reversing their downtrends. The rank speculation in equities may spill over to Man Group.

Stop to entry for risk free trade.

Stop to 129.5 to lock in + 10