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 :-)) ?

Numis today reaffirms its hold investment rating on Man Group PLC (LON:EMG) and raised its price target to 185p (from 175p). There remain many short to medium-term uncertainties at Man, including inconsistent performance/performance fees, volatile flows and significant fee margin pressure. We think the short to medium-term outlook for the current business is for modest growth, in terms of the direction of management fee profits. Upside could come from the surplus capital (c.11p/share currently plus the extent of future performance fee profits), which could be distributed and/or used for M&A (provided it is value accretive). We think M&A is more likely than capital returns.

SCHEME OF ARRANGEMENT
Man Group Plc has announced that it is proposing to adjust their international governance and corporate structure. In order to implement this change Man Group plc is proposing to incorporate a new Group holding company in Jersey (New Holdco).
The proposed holding company structure, which is subject to Shareholder approvals, would be implemented by means of a Court approved scheme of arrangement under the Companies Act 2006. Pursuant to the Scheme, Shareholders would exchange their existing Ordinary Shares in Man Group plc for Shares in New Holdco on a one-for-one basis and Man Group plc would remain the head of the FCA-supervised regulatory group (a subgroup of New Holdco). Other current subsidiaries of Man Group plc that operate in the US and Asia would be reorganised under New Holdco and will continue to be regulated by their local regulators. Necessary approvals will be sought from regulators, including the FCA. Should any regulatory capital efficiencies be achieved as a result of the reorganisation, the benefits would be considered in the same way as other capital surpluses.
Further information may follow in due course.