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 :-)) ?
hlyeo98
- 03 May 2012 08:13
- 557 of 960
MAN is not the share it used to be.
hangon
- 03 May 2012 21:52
- 558 of 960
Do you think the change in the World's perception of Risk, Profit and Work-methods means
the Old [EMG] business model is fundamentally flawed?
Surely this has been addressed with the purchase of the US company - and the company news suggests this is becomming a larger % as a result of new business - although their original problem was to put so many eggs in one Basket - a bit like Northern Rock - could only see the beauty of the ocean they had left, yet the "Lookout" was asleep (to mix metaphors)....
I'm curious to know who would want to buy this? I mean, if the Dirs can't resolve their past-deals, who could improve on that?
mitzy
- 04 May 2012 09:15
- 559 of 960
No sign of an improvement.
mitzy
- 04 May 2012 14:09
- 560 of 960
wow 88p.
hlyeo98
- 04 May 2012 15:32
- 561 of 960
The whole market has crumbled.
skinny
- 04 May 2012 15:39
- 562 of 960
Non farm payrolls were the death knell this pm.
2517GEORGE
- 04 May 2012 16:01
- 563 of 960
It's not good but the whole market hasn't crumbled, housebuilders bearing the brunt of the decline and overall the FTSE is down around 2%. I believe it will get even cheaper giving good opportunities to pick up quality stocks at a reasonable price. Good luck all.
2517
halifax
- 04 May 2012 16:17
- 564 of 960
mitzy two fat ladies hope you are not one of them!
mitzy
- 04 May 2012 16:27
- 565 of 960
I think 60p is the true value.
Balerboy
- 04 May 2012 17:26
- 566 of 960
bugger!!
gibby
- 04 May 2012 17:52
- 567 of 960
baler looking at the red here you havent bought emg also have you?! :-(((
good for shorting though :-))))))
gibby
- 04 May 2012 17:54
- 568 of 960
terrible decline here only real chance is a US co buy out but no one wants emg for some strange reason lol!
Balerboy
- 04 May 2012 21:42
- 569 of 960
been in for far too long and stuck here now gib.,. :(
mitzy
- 08 May 2012 09:13
- 570 of 960
Whats happening behind the scene is anyones guess.
HARRYCAT
- 08 May 2012 09:53
- 571 of 960
Disclosure of Short Position relating to UK Financial Sector Company
1. Full name of person(s) holding the disclosable short position - Carlson Capital, L.P.
2: Name of the issuer of the relevant securities Man Group Plc
3: Disclosable short position .30% of issued share capital
4. Date that disclosable short position was held 4th May 2012
hangon
- 08 May 2012 14:33
- 572 of 960
Looks to me that shortsellers are rather closer to the co than folks might suppose . . . that makes their position somewhat closer to fraud, IMHO. Somewhat parallel to selling Fiat cars and driving a BMW.
I'm not sure I follow this recent disclosure, so hopefully someone here can express it simply.
Short-selling is "never" a good idea, other than to balance a portfolio where you believe your(ie L-T invested) company has taken a wrong-turn. I think when it's shorting on some unfortunate News (eg BP's oil spill) then you are placing yourself in the position of "Wanting" the disaster to get worse.
Isn't this like onlookers standing on fire-crew hoses, to lessen the flow?
I need a rest.
Velocity: AS I read it it's still downhill - (but I see the graph only as a trend, right now), however, recovery News is unlikley to stir many folks that are thinking this is all bad. However, the Rules of Funds have changed, no-longer do Mgrs get fat bonuses for taking risks with OUR money (?) and EMG has started to change their focus, so the huge unbalance in their Portfolio is at least turning. However, with Euro alight and France joining Greece (oh, and Spain I read), there will me more despair to come. That's my take . . . it's a wait-a-little-longer for me, and only then I may Av Dn. +I know that's dangerous; like greasing your brakes to prevent them rusting away.
Let's not forget that LLOY was halfway to £5 before managers took leave of their senses . . . and I suspect MAN was at the smelling salts some years earlier, such was the greed for profits, with no connnection to reality. LLOY is struggling to keep above 25p so that's about 90% down . . . EMG could go to 50p to match that - but I read some believe the new bod is likley to reverse Policy and with Banking rising, say late 2012, Man "might" be up a bit by 2013 - but any BAD news from Euro-land will make it fall further in the meanwhile......( all pure speculation.)
mitzy
- 08 May 2012 15:49
- 573 of 960
Sub 80p today..?
HARRYCAT
- 11 May 2012 12:18
- 574 of 960
Broker note from HSBC today:
"Man Group Plc (EMG.L):-Upgrade to OW(V): Strong potential for cost restructuring EPS is down from a high of 58.3 cents in 2008 to 12.4 cents in 2012e and the share price has fallen 75% since November 2009
We understand that little can be done to boost revenues in the short term but a comparison with peers suggests that Man’s cost base could be cut by around USD250m
We upgrade to Overweight (V) on valuation and upside from potential cost savings, with an unchanged target price of 110p
We acknowledge that not much can be done to boost revenues immediately: AHL has an excellent long-term track record but since the Lehman collapse it has delivered an average annual return of -2.7 %. We acknowledge that the external environment has been unsupportive but it also appears unlikely to change materially in the near term. AHL’s weak performance in recent years and the challenging external environment therefore suggest to us that little can be done to boost revenues.
However, the cost base can be restructured: In our view, management should consider reviewing the cost base again. Even after factoring in the cost savings of USD75m announced in January 2012, we consider Man’s cost base to be bloated compared with those of its listed peers. Our analysis of costs as a percentage of AuM and staff levels in the various divisions indicates the potential to reduce the cost base by at least USD250m, slightly more than FY2012e earnings from management fees.
Upgrading to OW(V): At this stage we have not factored in any more cost savings than those already announced by management. We upgrade Man Group to Overweight (V) from Neutral (V) on valuation grounds and potential cost savings. Our target price remains unchanged at 110p."
mitzy
- 11 May 2012 13:58
- 575 of 960
110p is a fair valuation imo.
mitzy
- 14 May 2012 13:23
- 576 of 960
Still falling 70p maybe ..