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 :-)) ?

Despite the sell off this has held pretty steady. Looks oversold but has been hammered for a few years now, think I'll have a dabble long before the close.

Long on the spreads @ 149.69 tight stop.

Edit to post 819 should read overbought not oversold Dohhhh!

If it retraces any opinion of support level? Maybe 120p/125p?

Hopefully no lower Harry.

negative vibes......... just having a rest before next move up.,.

StockMarketWire.com
Man Group has entered into a conditional agreement to acquire Silvermine Capital Management, a Connecticut-based leveraged loan manager with $3.8bn of funds under management across nine active collateralised loan obligation structures as of 30 November.

The acquisition is expected to complete in the first quarter of 2015, subject to certain approvals being obtained. Silvermine is wholly-owned by the firm's founders and senior staff members and is based in Stamford, Connecticut.

The team of 17 focuses exclusively on managing US levered credit portfolios and, since inception in 2005, has executed 16 separate transactions totalling $6.7bn. Upon completion of the acquisition, Silvermine will be integrated into Man GLG and will operate under the Man GLG Silvermine name which will complement Man GLG's existing credit business.

Silvermine's team will remain in place under the leadership of two of the firm's founders, G. Steven Kalin and Richard F. Kurth, who will continue to work alongside the other co-founders Aaron Meyer and Jonathan Marks.

They seem to be trying to grow the business by acquisition of other businesses.
Not so much internal growth, only cost savings. / cut backs. Are they going to be affected by changes to pension drawdown after 4 April - could be some large net outflows.
I like Investment Companies generally but not sure this is the right time to buy into them - perhaps best to wait a long time for a better global situation.

Cazenove comment :
Man Group have this morning announced the acquisition of Silvermine Cap Management, which is a US based manager of CLO's (collateralised loan obligations) with AuM of $3.8bn at the end of Nov. The deal is relatively small but is in-line with the strategy for bolt on acquisitions
 Small bolt on acquisition. Silvermine Cap Management, is a US based manager of CLO's which consists of a team of 17 focusing exclusively on managing US levered credit portfolios since its inception in 2005. Group AuM stood at $3.8bn at the end of Nov and run rate management fees and PBT were $17m and $8m respectively, hence the PBT equates to around 1.5% of Man Group PBT. Implied management fee margins of around 45bps.
 Consideration includes upfront and earn out. The consideration will consist of an upfront $23.5m and 2 further earn-outs of upto $16.5m after 1 yr and upto $30m after 5 years, with the amounts dependent on the level of run rate management fees. The deal will increase the regulatory capital requirement by around $45m.
 Acquisition in-line with strategy. Overall, the acquisition is relatively small but complements the expansion into the US, with the deal providing access to Silvermine’s distribution channel through investment banks. The use of surplus capital for bolt on deals is also congruent with management's previous indications to consider appropriate acquisitions ahead of returning capital back to shareholders.

Stop to entry for risk free trade. Needs to get a wriggle on sharpish.

Sp doubled in the year. What a change of fortune for this company.

NEW YORK and LONDON, 20 January 2015 -- Man Group plc announced today that it has completed the previously announced acquisition of Silvermine Capital Management LLC.

Stop to 169.69 to lock in + 20

enjoying the ride at +40p..... makes a change for me.,.

Nice one BB I was late to the party :0)

This lot have made a fortune betting on oil fall.

"Word in Mayfair is that the chaps at Man Group’s AHL Diversified fund have been quietly making out like bandits on the collapsing price of crude.

Sandy Rattray, who took a double-first from Cambridge, has overseen a strategy there that’s pulled in hundreds of millions of dollars for the fund, largely due to the oil price plunge."

http://www.independent.co.uk/news/business/news/oil-prices-the-hedge-fund-tycoons-who-took-up-short-positions-9995138.html

Joined you guys long late yesterday.

Long term chart shows plenty left.

I have followed this share for months, but never bought it as it always seems overpriced on projections.

I know it looks wrong, still seem the same RSI and MACD . Note it is up 2.5 and oil fall and QE.

Good luck.

I will enjoy your success!

Soon be back to £3 at this rate!!!