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 :-)) ?

If the Scheme is approved and becomes effective, New Man will change its name to Man Group PLC and, at the same time, Man will change its name to Man Strategic Holdings PLC with the result that Man and New Man will swap names and the new ultimate holding company of the Group will have the same name as the former ultimate holding company of the Group.

Looks like the market likes new Man, presumably because it provides more potential leverage for the company and the share needs to catch up the rising market. Nice rounded on the chart and looking good for 120-130p. H

broken through the 90p barrier......only 46p to go ..... yyeehaa (small one for now)

In @ 93.9 on the spreads target 120.0 stop 78.0 worth a wee punt.

Still in from 73.85 :-)

Good one skinny. Apart from last year obviously, historically this time of year made a few bob trading them.

quicky.....still abroad. Tipped on Investors Inteligence..........

http://www.investorsintelligence.com/x/marketdataindex.html?op=art&aid=351727&sec=7http://www.investorsintelligence.com/x/marketdataindex.html?op=art&aid=351727&sec=7

bought a few yesterday not many .....drat.

Trading update next thurs (18th Oct).

RBC note today:
"We believe Q3 net outflows accelerated. In Q1, Man reported $1.0bn in net outflows, which increased to $1.4bn in net outflows in Q2. In Q3, we believe that net outflows accelerated to $2.5bn and occurred across all product lines.
AHL still underperforming. AHL totalled $16.7bn at 30 June, or 32% of total FUM. AHL increased 2.5% during the quarter (MSCI World: +6.1%). However, on a year-to-date basis, AHL has declined 2.0% (MSCI World: +10.9%). We estimate that AHL remains approximately 12% below its peak on a weighted average basis.
Achievement of 2012 forecasts now at the mercy of the markets. Our 2012 forecasts are based upon $61.5bn in end of 2012 FUM. We forecast 30 September FUM of $60.0bn. We also believe that Man will continue to experience net outflows in Q4. Thus, in order to achieve our year-end FUM forecast (and thus our P&L forecasts, which are based upon our FUM forecast), Man will need to generate enough positive investment performance in Q4 to offset forecasted net outflows."

Broker Brief.....

11 Oct Man Group PLC EMG UBS Buy 0.00 93.40 110.00 110.00 Reiterates

110p SP target.

Interim Management Statement

Key points

· Funds under Management (FUM) at 30 September 2012 of $60.0 billion, up 14% since
30 June 2012 ($52.7 billion) with the FRM acquisition closing on 17 July, adding $8.3 billion to FUM

· Net outflows in the quarter of $2.2 billion with the increase compared to Q2 ($1.4 billion) concentrated in lower margin product lines (Institutional FoF and GLG long only)

· Positive investment movement of $0.5 billion in the quarter

- The majority of GLG alternative funds had positive performance in the quarter with the strongest performance coming from various of the credit and convertibles strategies

- Over three quarters of performance fee eligible GLG FUM at or within 5% of high water mark at end September

- AHL had positive investment movement of $0.3 billion; AHL was approximately 14% from peak on a weighted average basis at end September

· FX and other movements of $0.7 billion in the quarter, driven by the strengthening of the Euro against the dollar. The impact of guaranteed product rebalancing was slightly positive in the quarter

· Previously announced cost saving programmes remain on track

· Financial position remains strong with around $500 million of surplus regulatory capital at 30 September 2012

I'm out @89.1. At least I mad a profit this time.

Which would imply that you think there is more downside to come? Results look reasonable, though not sure if they are as good/less good than expected.

I'll keep an eye on them, but I think there is more upside elsewhere now.

If it doesn't bounce of 50DMA I'll pull the rip cord, frustrating I didn't think results were great but improvement at least :O)

Man Group client withdrawals hinder fightback

LONDON | Thu Oct 18, 2012 9:49am BST

(Reuters) - Hedge fund manager Man Group Plc (EMG.L) has suffered a net withdrawal of client funds for a fifth straight quarter as its struggle to revive its fortunes is hit by poor returns from its main fund.

Man, whose shares are down nearly 70 percent since the start of last year on the back of outflows and poor fund returns, said clients withdrew a net $2.2 billion over the three months through September, up from $1.4 billion the previous quarter.

Says it all skinny, I'm out.

Citigroup note:
"* Cost savings reflected — We believe the current share price properly reflects the benefit of $195m cost savings announced in March and July 2012.
* Challenges remain — Man remains challenged for fund flow momentum. AHL is down 0% to -2% YTD, and at -14% below high water is well outside performance fee earning territory. We continue to forecast declining management fee revenues, primarily due to our forecast of further falls in Guaranteed Products FUM.
* New EPS — Following today’s Q3 statement we amend our EPS forecasts, from 12.7p to 12.1p 2013 and from 14.1p to 11.4p 2014. This reflects lower performance fee EPS expectations longer term. Due to better-than-expected AUM mix (more high-margin guaranteed products), we raise 2012E EPS slightly from 8.7p to 9.0p.
* Regulatory Capital — Man disclosed $500m regulatory capital surplus at end September 2012, down from $700m at end June due to the payment of an uncovered interim dividend and higher capital requirements post FRM deal. We forecast further decline in this surplus following the payment of the uncovered final dividend in Q1 2013, and an estimated -$200m to -$300m impact from Basel III (which we believe is likely Q1 2014).
* Doing the right thing — Management is doing the right thing, in our view, focusing on reducing operational scale to better match fund flow levels, rather than AUM. However, we see the near-term outlook now fairly reflected in the share price. This, together with reducing dividend yield support (we forecast 11.0c DPS for 2013, down from 22c 2012E), leads us to move from Buy to Neutral, retaining a High Risk code."

In auction -10.4%

EMG

Mam is the word today, after a couple days of staying around the botton lately at what could be called double bottom