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 :-)) ?
BAYLIS
- 18 Apr 2012 21:06
- 499 of 960
mitzy
- 19 Apr 2012 08:58
- 500 of 960
I feel it could fall to 50p if it does it could be a target.
60p would be a 90% drop.
HARRYCAT
- 19 Apr 2012 09:25
- 501 of 960
I thought you were confident that 95p was the bottom mitzy? Had my finger over the 'Buy' button until you had second thoughts!!!
mitzy
- 19 Apr 2012 09:38
- 502 of 960
I did Harry..
where is the line in the sand.
skinny
- 19 Apr 2012 09:44
- 503 of 960
I bought BA. in the end.
ahoj
- 19 Apr 2012 09:57
- 504 of 960
Much more buys than sells.
mitzy
- 19 Apr 2012 11:42
- 505 of 960
sub 95p..gulp.
skinny
- 19 Apr 2012 12:28
- 506 of 960
Current yield is now 11.12% - am I missing something obvious here, or is it going to tank after Wednesday's XD?
HARRYCAT
- 19 Apr 2012 12:37
- 507 of 960
Yes, but you have to choose which route to go. Divi or no divi. Assuming you take the divi, how long will you have to wait until the sp recovers? Long term investment for me, so may well add after the divi, which I see as a win, win situation.
BAYLIS
- 19 Apr 2012 12:37
- 508 of 960
IS THIS CHEAP OR WHAT. I AM GOING IN, HERE GOES.
What is our ambition for the future?
To earn a place in every investor’s portfolio
AGM 1MAY 2012
dreamcatcher
- 19 Apr 2012 12:40
- 509 of 960
From post 493 - But only last month the firm reiterated its stance on sticking to its bumper 11% dividend. Why the high dividend ?
skinny
- 19 Apr 2012 12:44
- 510 of 960
These and FGP are doing my head in today - I want to short (again) FGP but .... I used to be indecisive and now I'm not so sure.
HARRYCAT
- 19 Apr 2012 12:53
- 511 of 960
Note from Citigroup:
"Capacity constraints. AHL hit $25bn AUM in Mar 08, and has since struggled to deliver returns. We believe performance has been constrained by AUM scale.
AHL. With AHL down -4% year to date we reduce EPS forecasts by 15% 2012E and 43% 2013, and our target price from 150p to 100p, to reflect a triple mwhammy: 1) Worse than expected returns, slower fund flow recovery; 2) Lower performance fee earnings, greater dividend risk; 3) Negative rebalancing (NR), lower profitability. NR reduced highest margin guaranteed product AUM by $1.6bn in Q4 2011. We forecast a further -$0.6bn Q1 and -$0.4bn Q2 2012.
Margin pressure. Guaranteed fund outflows continue, and we forecast a spike in 2013. Because it is high margin, this offsets forecast strong recovery in GLG fund flows, and so we actually forecast no growth in 2013 underlying EPS.
Key man risk. Lock ups for GLG principals expire Oct 2013, with 1/3 shares free this October. Departure of key individuals is a risk to GLG recovery longer term.
Dividend cut. Man has affirmed 22c DPS for 2012. But we forecast it will cut to 14c in 2013 due to low performance fee EPS, and lack of underlying EPS growth.
Valuation / Risk. Putting 2013E EPS on 11.3x (10 yr average) gives 101p, which supports our new 100p price target. At 18.3x 2013E management fee EPS Man is at the lower end of its 3 year range. But we now rate the stock High Risk to reflect sensitivity to AHL returns, and our concern that PE could de-rate further.
Historical PE ranges suggest a support level at ~80p per share.
BAYLIS
- 19 Apr 2012 13:00
- 512 of 960
GOD NOW YOU TELL ME, CHEERS. Harry
mitzy
- 19 Apr 2012 14:35
- 513 of 960
80p support would seem tight.
HARRYCAT
- 19 Apr 2012 14:47
- 514 of 960
Red = 200 DMA
mitzy
- 19 Apr 2012 20:03
- 515 of 960
Horrendous chart.. where to now.
goldfinger
- 20 Apr 2012 08:00
- 516 of 960
EMG MAN GROUP
Sorry but the Technicals look terrible
here and I can only see one way for this
stock at the moment and thats down....
mitzy
- 20 Apr 2012 16:37
- 517 of 960
Thank s gf.
goldfinger
- 20 Apr 2012 16:39
- 518 of 960
Went up though but not sure for how long Mitzy.