Jack_Walsh
28 Feb 2018
Re: Results tomorrow Sold £1.85.Could be worse.
gaulsdog
28 Feb 2018
Nice set of results Man Group plc28 February 2018Press Release28 February 2018RESULTS FOR THE FINANCIAL YEARED 31 DECEMBER 2017Key points -- Funds under Management (FUM)(1) up 35% to $109.1 billion (31 December 2016: $80.9 billion) o Net inflows of $12.8 billion (2016: net inflows $1.9 billion)o Positive investment movement of $10.7 billion (2016: $3.2 billion)o Aalto acquisition added $1.8 billiono FX translation and other movements of $2.9 billion (2016: -$2.9 billion)-- 11 basis point reduction in the Group net management fee margin(1) compared to 2016 driven by strong FUM growth in lower margin strategies. Group run rate net management fee margin(1) of 72 basis points at 31 December 2017-- Net revenues increase by 33% reflecting good absolute performance fee generation and 7% growth in net management fee revenue -- Adjusted profit before tax (PBT)(1) of $384 million in 2017 (2016: $205 million), o Adjusted net management fee PBT of $203 million (2016: $178 million)o Adjusted net performance fee PBT of $181 million (2016: $27 million)-- Statutory PBT for the year ended 31 December 2017 of $272 million (2016: statutory loss before tax of $272 million)-- Recommended final dividend of 5.8 cents per share bringing total dividend for the year to 10.8 cents per share (2016: 9.0 cents). The final dividend is equal to 4.18 pence per share (2016: 3.62 pence), and the total dividend for the year is equal to 7.97 pence per share (2016: 7.05 pence)-- Proforma surplus regulatory capital of $460 million adjusted for second half earnings, our final dividend and receipt of cash for year end performance fees and redemption of our largest seeding investment. We estimate the adoption of the new leases accounting standard which will apply from 1 January 2019 will reduce that surplus capital by up to GBP90m ($120 million)Luke Ellis, Chief Executive Officer of Man, said:"2017 was a strong year for our business. The record net inflows of $12.8 billion reflected not only the outperformance we delivered for clients, but also our focus on deep client relationships. Our FUM grew by 35% and this, combined with the strong investment performance and our focus on running the business in an efficient and effective manner, led to excellent profit growth, with an 87% increase in adjusted profits.In common with others, the recent moves in markets have impacted our investment performance in some areas, particularly for our momentum strategies. However, looking forward Man is well positioned, with strong fundamentals, investment in innovative strategies and a continuing pipeline of interest from clients. As ever, we remain focused on delivering long term investment performance and the highest quality service to our clients."(1) For definitions and explanations of our alternative performance measures, please refer to page 52. Summary financials Page Year ended Year ended ref. 31 Dec 2017 31 Dec 2016 $ $ Funds under management (end 5-7 109.1bn 80.9bn of period) (1) Net management fee revenue(2) 17,18,31 736m 691m Performance fees(3) 18,31 333m 112m Net revenues 1,069m 803m Compensation 19,32 (474m) (388m) Other costs (including asset servicing) 19,33 (202m) (199m) Net finance expense 20,33 (9m) (11m) Adjusted profit before tax(1) 20,53 384m 205m Adjusting items(4) 20,53 (112m) (477m) Stat
faddy10
27 Feb 2018
Re: Results tomorrow Agreed, it's a coin toss Jack, I'm only just keeping my head above water at the current SP, so fingers crossed they are positive! F.
Jack_Walsh
27 Feb 2018
Results tomorrow Just for fun, added a SB long at £75pp at £1.81.Nothing more than a bet as, clearly, it could go either way.Fingers crossed.
Clarence Beaks
23 Feb 2018
Buybacks aren't working!! Shame to see it slide so bad from that recent 218p high.
Our Haven
25 Jan 2018
Re: Back over 200p Shortly Yes but at the current rate of outperforming the FTSE 100 its around 6 months. Of course I do not think that it can continue the last 12 months performance but we can always hope!
inoutupdown
25 Jan 2018
Re: Back over 200p Shortly Thanks for the information so a bit to go
Our Haven
25 Jan 2018
Re: Back over 200p Shortly Inoutupdown. It would need to rise to around 25% ahead of the actual market rise so a price of around 267 if the market stood still. Needs another £1bn in rough terms to the market cap.
inoutupdown
24 Jan 2018
Re: Back over 200p Shortly Anyone with an idea if it will soon be in a position to enter the FTSE100 again and what price would it need to be?
thorn standing
12 Dec 2017
Re: Back over 200p Shortly .....and you were indeed right. Great that it is now back through the psychological £2.00 barrier. I am in danger of getting back into profit on all of my Man holdings sometime soon.....
palmoil
28 Nov 2017
100 Mill share repurchase I wonder how long its going to take to get the £100mil share repurchase?
oldjoe1
18 Oct 2017
Re: Back over 200p Shortly Chart again........[link]
oldjoe1
18 Oct 2017
Re: Back over 200p Shortly EMG Man Group, share buy backs will help the SP appreciate EPS forecast in 2018 to rise 21.2% giving a forward P/E of just 12.5. Was P/E of 39 2016. Cheap very cheap with powerful growth going forward. chart....[link]
oldjoe1
16 Oct 2017
Re: Back over 200p Shortly EMG Man Group...........on a tear from the open..... the share Buy Back will see the SP appreciate imo. [link]
g4ry13
13 Oct 2017
Re: Trading update - looks decent. Blue ... They're up 60% on the year, have been paying a nice dividend for years. They're getting close to £2 which is where it all went wrong last time and NOW it's 'time to buy again'?!? Some of us have been holding shares sub-£1. I wouldn't personally say now was the time to get involved taking all things into account. If £2 happens I may very well be tempted to cut my holding. Only thing keeping me is the nice 8%/yield and it is generally one of the less scary shares to hold. (that is until market volatility hits and the indices drop, at which point this will track it back down and then some.)
