Have just read the latest broker ratings and see that Goldman Sachs is holding us back at 95p. Goldman Sachs, isnt that where Manny came from before GLG? It is bringing back awful memories of being fleeced a couple of years ago of my CWW shares, even though though Vodafone boasted they had offerred over 90% premium. Similarity is that the then CWW recently instigated chairman had been on the Vodafone board. Whether, or not that was significant I do not know, but Vodafone's claim regarding their offer price was in contrast to what many of us holders thought, including Orbis, (quoted as the largest CWW shareholder at that time). Hope my fears are unfounded as I need a big big big increase in todays price to break even on many of my EMG shares.
Mr Tibbles Share Repurchase
Hi Just regarding your comment 'Can't remember how many times over the years EMG has had a share repurchase programme to return surplus to investors, I think AHL just gobbled up the surplus in the past because I don't recall seeing it' I think this time maybe a little different as they are purchasing the shares for cancellation whereas IF i recall correctly the last time they had a share repurchase it was for retention and not cancellation, I may be wrong but the difference between the two should have an impact on SP as less shares in circulation. All i can say is I really hope so as I have held these for years and forgotten about them believing that one day they would start a rise back to somewhere near previous values. This is still distant future but the latest rise from 80p is giving me some hope!! Have a good day
How the markets reall work!
Non farm payrolls
A half decent figure that suggests there will be a further round of tapering. Emerging markets and their currencies may suffer as a result of the next FED decision,like last time dragging the markets lower. An artificially lifted market that has relied upon central bank intervention,may have to get use to less stimulus. So far today EMG has again outperformed an uncertain market that imvho is due a correction as some big writing is one the wall, that can't be ignored. Not the time to be complacent long on global indices bearing in mind geopolitical risks. Volatility,historically pays dividends for hedge funds that know what they are doing,turning adversity to their advantage. Lets see how Man Groups funds perform. GLA like usual.
RE: share repurchase
Cheers, for your comments. ;-)
Share buy back
Will help to support the SP,if needed as and when there are any market corrections. However,there is still a realistic chance that EMG's funds can outperform widely expected volatility,outperforming any pullbacks reflecting strong support in the sp, as we have seen recently. IMVHO the BOD are fully aware that money can be made in both directions. It seems sentiment is cautiously returning to an out of favour stock that has potential,slowly but surely making progress! GLA, like usual.
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