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 :-)) ?

80p support would seem tight.

Red = 200 DMA

Horrendous chart.. where to now.

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....

Thank s gf.

Went up though but not sure for how long Mitzy.

Down today through gf.

Long on the spreads @ 96.0 (GULP), just hope when they tossed the coin this morning they made the right call.

Long on the spreads @ 96.0 (GULP), just hope when they tossed the coin this morning they made the right call.

Good luck Chris - I've decided to steer well clear!

Your probably right to skinny, worth a punt but I wont hang about if it continues down :O)

UBS note (Summary):
"Following AHL’s recent weak performance – down 6% since February – and high levels of operational leverage, we cut our EPS estimates by 28% for 2012 and 31% for 2013.
We set our price target for Man Group at 140p (average of 150p bid valuation and 130p standalone). We reiterate our Buy rating ahead of the quarterly AUM update on 1st May. With low flow expectations, we see scope for the outlook to be better in Japan as the Yen has weakened and consumer confidence is improving.
Man Group is on the UBS M&A Watch List."

EMG is good value for money -
Many yield calculations for 2011 seem to be wrong as is only a nine month "year".
Director say they expect 2012 div to be 22 cents, or 22 / 1.60 = 13.75 p per share, based on new arrangement to distribute all base fee income.
That gives a 2012 yield at 96p ( current price ) of 13.75/96x100 = 14.32%
What fund manager would not like to pick up a yield like that ??????

I know assets under management on their "flagship" fund have been falling, but not many asset managers have had increases lately.

All it needs is a bit of market strength over the next 6 to 9 the months and the AUM will pick up, as I believe they may now be doing as Jan - Mar 2012 saw a FTSE rise.

The share price may value in a more "reasonable" yield of ?? say 8%.
8% yield would give a share price of 170p ( i.e. 13.75 / 170 x 100 = about 8% )

At present 96p it looks a bargin to buy and hold for 9 months.
EMG is a big Co and should carry little risk

Any comments please

I have bought many thousand EMG shares at average price of 106p.
I suggest you buy now or tomorrow when they will be cheaper but ex div.
I guess it also depends on market sentiment improving, but to me EMG
look good value

Any comments please

I too have bought some more to add to my several thousand bought at an average price of 143p. My thought is that emg is due a bounce which might exceed the ex div effect I.e. the divi may have little impact on hopefully a lot of shorts coming off. If I can break even I am out a least for the next few months, as I think the ftse will drift lower. H

Also joined the club, needed to ave, down from £3.40 now a respectable £1.36. More chance of getting dosh back if needed but who knows could be good to hold even just for the div. Things got to get better sometime.,.

sutherlh1 and Balerboy - Good moves
- price held well at open for ex div, plus you get ? 4.38p per share.

Lets hope we are in for a rebound from oversold prices.
UBS immediate target 140p and on their M & A list of take over
possibilities at, least 150p per share.

I'm putting a deposit on a yatch in Spain, you are both invited.

just what i need, look forward to that R.,.

Well done with these - a rise and 4.38p dividend.

150p would see me with a 20 percent gain. Look forward to spending it in Spain, thanks R for the invite. H