Back over 200p Shortly Shares should be back over 200p before too long and share buy back to help to push them into a new trading range 220 - 240p
MAN Group...Share buy Back........ Man Group also announced a new $100 million share buybackafter concluding its last one around the same time last year,according to an analyst note from Credit Suisse.[link]
NEW ARTICLE: Why Man Group shares keeps on rising "It wasn't quite as spectacular a rise as this time a year ago, but LSE:EMG:Man Group continued its winning streak Friday after another quarter of forecast-busting results and a further share buyback.Man shares rallied almost 5% to a further ..."[link]
Re: Trading update - looks decent. Blue ... Ill try that chart again..........[link]
Re: Trading update - looks decent. Blue ... EMG Man group on.... RNS: <a href='[link] target='window'>[link] FUM nicely UP. Chart looking strong. Stock used to combat Brexit worries.[link]
Re: Trading update - looks decent. Blue ... The good times are back for Man. The share looks as though its going to be strongly re-rated and I see lots of institutional buyers are back. Time to buy again.
Re: Trading update - looks decent. Blue ... And that 100 day has arrived now GD
Re: Trading update - looks decent. Blue day? 100% a blue day! Good update for us.
Trading update - looks decent. Blue day? From news feed:Man Group has reversed its position on charging clients for external analyst research and will now absorb the costs itself, the worlds largest publicly-traded hedge fund said as it reported a rise in assets in the third quarter.The FTSE 250 listed group managed $103.5bn at the end of September, up from $95.9bn at the end of June. Analysts had expected assets to top the three figure mark by the end of the year.Man Group also said in its trading statement that it intended to absorb the cost of paying for external research itself when sweeping new financial reforms, known as Mifid II, come into force in January a departure from its previous stance, reported by the FT, that it would pass these costs onto clients. It said the decision would cost it between $10m and $15m.The majority of large asset managers who have confirmed decisions have said they will absorb the cost of research themselves.Driving the rise in assets were net inflows of $2.8bn in the quarter, positive investment performance which accounted for $3.3bn and foreign exchange movements which benefitted Man Group by $900m.Luke Ellis, chief executive of Man Group, said:The third quarter of 2017 was a period of strong alpha generation for Man, with positive performance across the firm. As expected the pace of inflows and the level of margin compression both moderated during the quarter.Inflows remained strong overall and were focussed on some of our newer strategies, in particular alternative risk premia. We devote significant efforts to developing innovative solutions, and we are pleased to see our clients enthusiasm for these newer offerings.Looking forward we continue to see a decent level of interest from clients, with our normal caveat that flows are likely to be uneven quarter to quarter.
Re: sold ClarenceThe sp is up 50.46% since 31/12/16. Not as good as some I know, but hardly lacklustre! I have plenty worse shares in my portfolio.
Re: sold It's hardly an earth shattering rise you missed anyhow. Very lacklustre share, seeing how well the markets overall have done past year or so.
Re: sold I didnt advise anyone to sell.I simply said Ive sold and why.Good luck to holders.At least I got out with a small profit which is the important thing.Dow ploughing higher Im not surprised its moved higher.As I stated, this moves up with the Dow just like its done.
Rising on broker upgrade Results due end of week.[link] they might be better than the usual lacklustre results of recent times.
Re: sold Pleased also I held but will continue to keep a very close eye on this one. Dull stock with a good dividend getting a little less dull!
Re: sold glad I didn't follow Veksi advice and bail out as well