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 :-)) ?

I'll reiterate my post 817 :-)

Based on the 5 year chart, not too late to jump on board!

There is a decent gap to be filled around 230p area from late 2011. I reckon that will be the first stop. There is very little resistance once 180p is passed.

Well, 180 reached.....just a case of a little consolidation at this level, hopefully....then 300p!

Can't disagree that those who were brave.....
-but it would be nice to see Dirs putting their own money into this . . . rather too many free-shares as I see it.
Note that Yield is now a rather thin 3%.

Broken through the 180p barrier, lets hope it holds.,.

Having another go. Results for the Financial Year Ended 31/12/14 25th Feb. SP reflecting 2011 levels now, with a fair wind 200p next target fingers crossed. Steady rise since Nov, bouncing on any dips off 25DMA since Dec.

LATEST BROKER VIEWS

Date Broker New target Recomm.
19 Feb Goldman Sachs 210.00 Conviction Buy

(Reuters) - The world's biggest listed hedge fund company, Man Group (EMG.L), said on Friday it had agreed to buy the investment management business of NewSmith.

NewSmith, which is 40 percent-owned by Japan's Sumitomo Mitsui Trust Bank (SuMi TRUST) [SUMFGI.UL], has offices in London and Tokyo with four fund management teams investing in British, European, global and Japanese equities.

"The acquisition brings a new dimension to the firm, including a Japanese hedge fund and an excellent team in Tokyo, as well as adding further scale to our London business," said Luke Ellis, president of Man Group.

Britain's Man Group is looking to diversify its business and made a flurry of acquisitions in the United States last year.

It said the NewSmith acquisition would expand its equities businesses and provide further opportunities to manage funds for SuMi TRUST, which is one of its key clients.

The financial terms of the deal were not disclosed.

StockMarketWire.com
Man Group's funds under management rose by 35% to $72.9bn in the year to the end of December.

Gross sales rose 36% to $21.9bn while redemptions were down 6% at $18.6bn.

The group had net inflows of $3.3bn (2013: net outflows $3.6bn).

Adjusted profit before tax rose 62% to $481m due to higher performance fees and cost savings, partially offset by a decrease in management fees linked to a decline in the blended management fee margin due to a change in product and business mix.

Chief executive Manny Roman said: "2014 marked a year of progress for the Group with strong performance at AHL, a full year of net inflows, the completion of the restructuring programme ahead of schedule and several key acquisitions and hires that have materially enhanced our investment capabilities and our North American business. We saw the benefits from these initiatives as FUM increased by 35% and adjusted profits by 62%.

"Despite the strong performance across the AHL range in 2014 we do not expect to see a meaningful pick-up in demand for these products until later in the year, and this, coupled with a slowdown in sales across our discretionary strategies and the ongoing volatility of the markets in which we operate, means that we remain cautious in our near-term outlook.

"After the significant progress made against our strategic objectives in 2014, however, we are better positioned as a group to grow our business profitably over time. We have a more diversified offering to clients and a range of attractive options for growth. If we are able to deliver superior risk adjusted returns for our clients, as we were able to in particular in our quantitative business last year, we will be able to leverage our global distribution to grow our assets steadily."

Barclays note today:
"FY14 PBT of $481m was 18% higher than Barclays’ forecast of $406m (Vuma consensus $419m). The beat was mainly driven by performance fees PBT of $283m, 26% ahead of our forecast $225m. Mgmt fee PBT of $198m was 9% ahead of the $181m that we and consensus were going for. FY14 diluted EPS of 24.4$c was 18% ahead of our forecast 20.6cents (Vuma consensus 21.0cents).

In the mix it looks like a modest 3% beat at Net Revenues of $1,082m, with mgmt fee $819m in line with expectations but performance fees of $367m much stronger that the $335m forecasted. Costs of $592m appear to be 8% ahead of our $643m forecast. This was driven by staff costs of $391m coming in 10% lower than expected.

At 31 January 2015, 74% of AHL performance fee-eligible funds were above high water mark and 23% ($3.3 billion) within 5% of performance fee highs. Calendar year to 23 February 2015 performance for key AHL strategies are positive, with AHL Diversified up 5.2%, AHL Alpha 3.9%, AHL Evolution 7.1%, AHL Dimension 1.7%.

In contrast GLG fund performance looks weaker, with only 14% of GLG performance fee-eligible funds were above high water mark and 57% ($6.6 billion) within 5% of performance fee highs. Calendar year to 20 February 2015 performance for key GLG UCITS strategies is generally positive: European Equity Alternative 2.9%, Global Convertibles 3.4%, Japan CoreAlpha 8.1%, Global Equity 4.1%.

Outlook continue to be cautious on flows into AHL despite the strong performance in 2014, saying they do not expect a meaningful pick-up in flows until later this year, coupled with seeing a slowdown in sales across the Discretionary GLG strategies and ongoing market volatility.

Man has announced three acquisitions in 2015 ytd: Silvermine (CLO manager) completed on 20 January 2015; a Bank of America Merrill Lynch fund of funds portfolio acquisition due to complete in Q2 2015; and NewSmith, an equity investment manager based in London and Tokyo with $1.2bn AuM, due to complete in Q2 2015. The Silvermine acquisition price comprises $23.5m upfront payment and two earn-outs. The other prices are not disclosed and likely to be immaterial, in our view.

Mgmt announced a $175m share buyback, larger than the $115m share buyback they announced this time last year. This is equivalent to 5.2% of market cap. DPS of 10.1cents is 10% higher than our forecast 9.2cents and represents a ~3.5% yield. Man’s excess capital position was $419m at end Dec, which will falls to $350m pro forma of the final dividend, share buyback and acquisitions."

If true to form, testing support @ 180p before next up leg.

Hit the £2 level this morning. Am convinced 220 / 240p level now easily achievable.

Through £2......again!

210p hit.

Yep Harry seems unstoppable at mo.

I'm sure if I belatedly go long - that will stop it!

Stay away.....we're doing alright at mo....... see what you did to POG not long ago skinners.......... ;))

Fair comment :-)

Jinxed it :o(