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 :-)) ?

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

Hope so, goldfinger as I bought some on IC's REC. - seems their investments are unlikely to get any worse and Markets have been selling MAN(EMG) in the belief it will get much worse . . . . whilst there are still unresolved Euro-issues, the rest of the World goes on and things are made, sold and enjoyed - so I guess a little flutter in MAN(EMG) is not too dumb. - Time will tell.