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 :-)) ?

Results today

....
The former FTSE 100 (FTSE: ^FTSE - news) firm said client outflows were $1.3 billion during the second quarter, although this was down from the $3.7 billion seen in the first quarter and better than RBC Capital Markets' forecast of $2.1 billion.

...

StockMarketWire.com
Man Group posts adjusted pre-tax profits of $134m for the six months to the end of June - up from $122m last time.

Funds under management stood at $52.0bn at the end of June (31 December 2012: $57.0bn), reflecting sales of $6.5bn, redemptions of -$11.5bn, investment movement of $2.5bn, FX translation effects of -$2.4bn and other movements of -$0.1bn.

And the group reports a mixed performance in the period: AHL Diversified Programme -3.2%; GLG Multi-Strategy +5.1%; FRM Diversified II strategy +3.1%; Japan CoreAlpha strategy +41.4%.

Chief executive Manny Roman said: "While the first quarter of the year benefited from a more stable environment in financial markets, the second quarter was characterised by renewed volatility.

"Against this background, Man's investment performance was varied: good in discretionary and challenging in trend following. In terms of flows, investor appetite remained muted as renewed market volatility tempered investors' willingness to put their money to work. A sustained improvement in investment performance, particularly from AHL, remains the key prerequisite for an improvement in net flows.

"Management remains focused on running the business efficiently. The operating cost savings announced in 2012 have now been executed and during the process further savings have been identified, including some relating to the lower level of the guaranteed book. At the same time, we have continued to invest in people and products, for example building the fixed income and macro platform at GLG and developing successful, high-performing quantitative products, such as Evolution."

StockMarketWire.com
Hedge fund manager Man Group said today that Funds under management (FUM) at end-June were $52bn, falling from $57bn at end-December.

This reflects sales of $6.5 billion, redemptions of -$11.5 billion, investment movement of $2.5 billion, FX translation effects of -$2.4 billion and other movements of -$0.1 billion.

There was a mixed performance in the six months to 30 June 2013: AHL Diversified Programme -3.2%; GLG Multi-Strategy +5.1%; FRM Diversified II strategy +3.1%; Japan CoreAlpha strategy +41.4%.

Adjusted profit before tax (PBT) was $134 million, comprising adjusted net management fee PBT of $64 million and net performance fee PBT of $70 million.

Statutory profit before tax for the six months ended 30 June 2013 waqs $122 million.

Adjusted EBITDA was $237 million, with a margin of 41%

The cost saving programmes remain on track with further efficiencies identified bringing total cost savings to $270 million in aggregate to be delivered by the end of 2015.

Surplus regulatory capital was $990 million at 30 June 2013 (up to $550 million pro-forma for remaining debt buybacks, restructuring charges and interim dividend), subject to ICAAP review by FCA.

Interim dividend is 2.6 cents per share in line with revised dividend policy.

Manny Roman, CEO, said: 'While the first quarter of the year benefited from a more stable environment in financial markets, the second quarter was characterised by renewed volatility.

Against this background, Man's investment performance was varied: good in discretionary and challenging in trend following. In terms of flows, investor appetite remained muted as renewed market volatility tempered investors' willingness to put their money to work. A sustained improvement in investment performance, particularly from AHL, remains the key prerequisite for an improvement in net flows.

Management remains focused on running the business efficiently. The operating cost savings announced in 2012 have now been executed and during the process further savings have been identified, including some relating to the lower level of the guaranteed book. At the same time, we have continued to invest in people and products, for example building the fixed income and macro platform at GLG and developing successful, high-performing quantitative products, such as Evolution.

Looking forward, trading conditions remain tough and we do not see any improvement in the near-term outlook. However our focus on investment performance, together with the actions we have taken to diversify the Group's investment management activities, enhance distribution, de-risk our balance sheet and reduce our infrastructure costs mean we are better placed to cope with such circumstances. We intend to continue with this approach but it will take time.'

Nothing to get excited about, but very slowly heading in the right direction!

are these still paying dividends? they were a good source of divi but then it all went horribly wrong. if they are then well worth a closer look.

are these still paying dividends? they were a good source of divi but then it all went horribly wrong. if they are then well worth a closer look.

are these still paying dividends? they were a good source of divi but then it all went horribly wrong. if they are then well worth a closer look.

Yes they are. Forecast yield is somewhere between 4% & 6%.

Time to get the stock again, as the support seem to be around the 81.50p

Since late June once the bottom was reached has displayed a trend of higher lows and higher highs every time it reached the low and high of the trends

lows 78, 80, 81.50p

highs 94, 95.50p

Don't be short >>>>>>>>>>>>


MARKET REPORT FROM The MAIL .......

MARKET REPORT: Man Group at the centre of takeover speculationBy Geoff Foster
PUBLISHED: 22:53, 5 September 2013 | UPDATED: 22:58, 5 September 2013

‘Don't be short of Man Group’ (0.1p dearer at 85.45p) was the shout in dealing rooms amid revived whispers that its independence could soon be threatened.

The underperforming hedge fund giant has often been touted as a potential takeover target and rumours were rife on Thursday that a sizeable stake could be about to change hands.

Dealers heard whispers that Julius Baer, the Swiss private banking group, had approached Pierre Lagrange, the former Goldman Sachs trader who subsequently co-founded the GLG hedge fund, to name a price for his 3.56 per cent stake. Should he sell, cash-rich JB would then proceed with a cash bid for the rest of Man’s equity at a substantial premium to the current price.

Lagrange hit the headlines earlier this year when he is said to have agreed on a £160million settlement following his amicable divorce from his wife Catherine, herself a generous Conservative party donor. Lagrange apparently sold his £90million house in Kensington Palace Gardens to Chelsea FC owner Roman Abramovich to help pay for the settlement.

Man Group remains vulnerable. Its overall performance continues to be held hostage to the fortunes of its troublesome flagship fund, AHL. Word is that the fund, which uses computer algorithms to make investment decisions, has been performing much better of late along with stock markets both at home and abroad.

Still making inroads up after last week comment of a bid posibility

sp sub 80p Q3 report out on 17th October ....... is there any hope?

sell now.

mitzy whats your TP?

Around 50p at a guess.

repeating itself today...........................

‘Don't be short of Man Group’ (0.1p dearer at 85.45p) was the shout in dealing rooms amid revived whispers that its independence could soon be threatened.

The underperforming hedge fund giant has often been touted as a potential takeover target and rumours were rife on Thursday that a sizeable stake could be about to change hands.

Dealers heard whispers that Julius Baer, the Swiss private banking group, had approached Pierre Lagrange, the former Goldman Sachs trader who subsequently co-founded the GLG hedge fund, to name a price for his 3.56 per cent stake. Should he sell, cash-rich JB would then proceed with a cash bid for the rest of Man’s equity at a substantial premium to the current price.

Lagrange hit the headlines earlier this year when he is said to have agreed on a £160million settlement following his amicable divorce from his wife Catherine, herself a generous Conservative party donor. Lagrange apparently sold his £90million house in Kensington Palace Gardens to Chelsea FC owner Roman Abramovich to help pay for the settlement.

Man Group remains vulnerable. Its overall performance continues to be held hostage to the fortunes of its troublesome flagship fund, AHL. Word is that the fund, which uses computer algorithms to make investment decisions, has been performing much better of late along with stock markets both at home and abroad.

Thursday is q3 interim this week &.....today.................

UBS added hedge fund group Man Group (LON:EMG) to its most preferred list of financial stocks on Tuesday, give the shares a 6% leg-up.

http://www.proactiveinvestors.co.uk/columns/broker-spotlight/14366/broker-round-up-dial-in-to-bt-shares-14366.html

StockMarketWire.com
Man Group's funds under management rose to $52.5bn at the end of September - up from $52.0bn at the end of June.

Net inflows of $0.7bn in the quarter were driven by institutional flows into discretionary alternatives and long only strategies.

Chief executive Manny Roman said: "Inflows were linked primarily to stronger performance in the first half of the year and were characterised by sizeable asset flows from certain customers, albeit into relatively low margin products.

"The equity rally in July, followed by a sell-off in August, and volatility in financial markets in September provided challenging market conditions for hedge funds, and in particular CTAs. As a result performance in the majority of the AHL and FRM strategies was negative in the quarter, although performance at GLG overall was positive."

After yesterday good figures and good rise on the share price, is following yesterday's movement up