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 :-)) ?

Business Financial Newswire
"Man Group said today funds under management at end-September are estimated at $43.8bn.

Sales for the period were an estimated $5.7bn, including $2bn in the second quarter from across the distribution network.

There was a significant improvement in redemption rates: $0.8bn from private investors and $1.7bn from institutions in the second quarter.

Investment performance added an estimated $0.6bn to funds under management in the second quarter, driven by positive performance in the multi-manager business and an improvement in managed futures.

Profit before tax was an estimated $280m (H2 2009: $121m; H1 2009: $622m).

Gross management fee income for the six months to 30th September 2009 is estimated to be around $650m. Net management fee income is estimated to be around $240m, reflecting the reduced level of funds under management. Net performance fee income is estimated to be around $30m.

Diluted earnings per share on total operations is expected to be around 12.5 cents and underlying EPS, which excludes performance fee income and exceptional items, is expected to be around 10.5 cents.

Man said the financial position remains very strong, with the regulatory capital surplus in excess of $1.5bn at 30th September 2009. "

OVER 330p

Yes, and probably more to come this week SP wise IMHO.

The only worry is if there is a big market correction as EMG would not be immune, imo.

Yes , but that applies to most share Prices.

Of course. I think EMG has huge potential and usually pays a good divi, but I just wonder if now is the time to be investing any large amounts of cash.

Interim results due 5th Nov. Steady growth atm & likely results will be good in comparison to previous.

Agreed.

LOVEIT

Can you elaborate XS? -):

The graph in the header is a touch disappointing!

Agree H, rather annoying not to have a chart in opening posts, I'll try and get that changed.

STAN it makes me money. divi good too.

Can't disagree with that.

Stan,

Lend me a quid for a cup of tea.

Certainly Fred.. at the prevailing rates of course -):

Interim results due thu 5th Nov '09. Just hope that isn't a nasty head & shoulders forming on the graph!!!

HARRYCAT - Just noticed this thread, hope you don't mind me picking your brains. I'm more of a trader than an investor so saying that I look for stocks that can be traded short as well as long. EMG has had a great run as an investor yourself in this particular stock do you:-

1. Hold continually irrespective of down moves?

2. Take part profits by selling portions of your holding then topping up on any weakness.

3. Interim results due 5th Nov do you have a set strategy based on past performance, ie do you buy more, hold or react on the day.

I appreciate all the above is obviously personal to you and hope I haven't offended by asking. Cheers Chris.

EMG pay a very good divi, so that is my main reason for buying this stock. I should pay more attention to it during the year, but I try & buy at a low point (the graph is my guide) before the divi date & exit after the divi with a profit. Sometimes I have to wait a while before selling because the sp gets knocked post divi. I usually try & complete the whole process within 4-6 weeks if I can.
I don't really understand how the company is valued (unlike a manufacturer or a miner/oil Co) so I am not confident enough to hold long term with this one.

[Last time bought at 2.73, 25.06.09 & 2.56, 14.07.09. Only 2.73 stock got the divi (1.07.09). Sold both lots 20.07.09 @ 2.85].
Maybe talking myself into holding this stock long term now assuming we are coming out of recession!

Harry - Many thanks for that,good strategy. I'm short at the mo for +8, there have been a couple of broker upgrades recently target price between 400 - 450, obviously depends if the market rally resumes, I'm hoping the stock will drop some more before the interim when I will take profits. If that happens then go long just prior to the interim for a recovery on the day hopefully anticipating a good report. May end up doing the reverse, just have to play it by ear. Cheers!