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 :-)) ?

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(

220p on the cards this week.

Stairway to heaven :0) As long (bit Irish) any downside continues to bounce of 25DMA this will continue to be a great recovery play.

Certainly a nice looking chart..... hi hopes.,.

Barclays Capital stays equal weight on Man Group, target raised to 215p from 200p.

beautiful one really , though the change will be easy to spot, meanwhile well done longs obviously :)

Ah well. Looks like we all jinxed it! Maybe the usual 'Go away in May' syndrome?

Hmmmmm.,.

The hedge fund manager which sponsors the Booker Prize is facing a major revolt from investors this week over changes to bonus targets for top executives.

http://news.sky.com/story/1478186/booker-prize-sponsor-faces-investor-revolt

Pulled the plug on this one for now whilst in good profit.