down 4.3% in three days - almost like they're trying to screw it up?! Jack - I appreciate what you say about GLG, etc., but as I think we both agree Man is going nowhere unless a proven turnaround can be forged. I worry that everyone will have pulled their funds out of it by the time the boffins finally come up with something that works! it is deja vu, but management have to get a grip of things - can't keep promising and not delivering. it's doubly frustrating as if AHL was showing even a modicum of steady performance then combined with many of the other funds doing pretty well, the share price might actually be surprising all of us!
Charlies, agreed. Seems relatively little downside risk from here. Recent support at circa 83p. Different of course for those who bought much higher up (which many did), probably on similar reasoning, now wondering when they'll get back into profit, or if to cut losses.
I'm holding on. But... being wholly neutral, SOME risk exists of revisiting recent lows (for eg. intraday 76.35, seen only this October) if market volatility further damages AHL. Significance of even small SP falls is always proportionate to overall SP value.
For eg: if investors buy an 86p share, then see its SP fall nearly 10p, that constitutes over 10% loss. Paper loss or actual, it's still significant. Very different of course for a 300+ share losing 10p+.
Even though I'm bullish for this L/T, IMO, qualifying any positivity may encourage people to do their own research, which I think is a VG habit to form. It's one reason why I always try to point out all the pros & any cons.
Re reasons for EMG's tick up: if only it were so. No doubt I'd be ramping every day & ditto all investors. :o) Jesting aside, let's hope it's down to AHL's most recent data having leaked out to elements of the market & it's positive news. - GL.
Ironically, I view EMG as one of my safer investments! I see very little downside risk at these levels. Main risk for me is stagnation and we end up sitting here with no significant movement. The divi goes a long way to make up for that, although not as good as it was. Happy to sit here collecting the payouts and a little upward movement would be the icing on the cake.
Thanks & objectivity always appreciated here. As noted from various BBs, all too easy for posters to get into pointless ramping or deramping mode. Even though, no BB posters can shift FTSE SPs either way (maybe only AIM stocks).
As you say, some GLG funds have had a great year &, whichever way markets go, there's ample evidence for believing that can continue. Yes, AHL needs further rationalization as some funds perform better than others. But even less successful funds will improve further when central banker tinkering decreases & we see less volatility.
True, EMG's transparency of regular updates is indeed a double-edged sword. No question of it. Sentiment readily fluctuates with funds performance.
But I agree there's sound reason for holding. Ignoring interim divi, EMG's last full divi was 8.26p. Even if that falls slightly, the yield is still highly attractive in this climate.
For me, though EMG not without risk (but what really is?), it's a buy & hold share for a certain type of investor. Longer-term liable to see VG rewards, but not without more fluctuations & tests to holders resolve. - All the best!
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