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DavidLawson: Many Thanks for your post regarding the Market Abuse directive (MAD). From what I have seen so far it seems that all the talk of manipulation has not gone unnoticed as I see that MAD II has been approved this year bringing us all, (those inflicting & those affected), into'the loop'.
Fatlad: have you considered reporting under the Market Abuse directive for your instincts..
Thanks for the AHL updates. If it gets to $1.30 and the SP is still sitting more or less where it is, I think it has to be worth a further nibble. Good performances in the FUM will tell in the SP eventually.
by 0.4% and now 1.8% up on week. Well into hwm I would say.
Everyone is entitled to their own views, and I wouldn't 'rubbish' anyone's viewpoint, more especially when it is backed up. However, nor would I make such a statement related to that there can no suppression and/or manipulation going on in the London Stock Exchange. While I hope fermoy2 turns out to be right in there not being a takeover of Man, in my experiences, such an event would certainly not be unlikely.
Not likely ?
Sorry but I think all this talk of suppression and manipulation is total and utter rubbish !!
Bearing in mind that 50% ($4.8bn) of the AHL/MSS Funds Under Management were at or within 5% of high watermark when AHL was at $1.206 and that weighted average was only 5.6% from peak. There can be no reason for the current suppression of Man's price other than it is being primed for a t/o bid, that would have to be 150p or so IMO. Shameful way of doing business, whatever happened to the rules? However, Man's board accepting it would be another matter.
Having watched the market for the past hour or so, since the producing of AHL's results in particular, I have seen times during which a short period of around 13000 shares being sold and the price was lowered then seconds later over 50000 shares bought and the price remained unaffected by that buying. .There have been many instances like this and points to mm's accommodating the sellers, whoever they are and if so then clearly cases of London Stock Market not acting fairly in their Fiduciary duty. Whoever are suppressing should be forced into revealing their reasons, especially if it is Goldman Sachs, who have recently gained inside knowledge of Man Group.
Up yet another 0.7% and 1.5% up on week already. Surely it is up to the hilt in hwm territory. Why is Man's price not at 145p as it should be. Simply being unlawfully manipulated in my opinion, based on previous results. Many thanks to wiesje (discussthemarket) for your interesting previous post.
I support your view in general. While my own view is that it is mm's, who do you reckon might be ' ''they''. who are leaning on the stock?
It is though, further evidence to support my letter(s) to the LSEx.
Hi Bigel, I don't consider that the dropping of Man's Share Price by 3% as a minor fluctuation, especially regarding the the good news of AHL earning even higher fees and the improvement in GLG. I consider it to be blatant cheating.
Don't get too hung up on minor fluctuations, shares never go in a straight line, the direction is the right one for me so I'm happy!
6 of GLG's Flagship funds were positive last week, adding to the excellent news of AHL and what do the mm's do? Slash Man's share price. What a fiddling lot they appear to be.
https://www.man.com/GB/presentations.>>>>> Results for the six months ended.30 June 2014........page 33 ............................................................................. 79% ($9.5bn) of AHL/MSS open ended FUM is eligible to earn performance fees, of which......: >>>>>>>/ 50% ($4.8bn) is at or within 5% of high watermark..... >>>>>>>/ Weighted average distance from peak 5.6% >>>>>>> Performance fee rate 18 - 20%. >>(.AHL Estimated Nav was approx $1.206 then)<<.
HWM is 1.29
Re:dduck, Wel;l put. IMO chunky fees must be coming in already as by my reckoning 80%-90% of AHL funds must be thereabouts hwm. Still a strong buy at this low level of share price (in relation to AHLand past history, that is).
Fantastic comeback from AHL so far , and if the GLG funds can stabilise and get a modicum of decent performance, then should see some chunky fees coming in. Hopefully the new US funds will add good fees too.
Hi Bigel, thought it was apt so left it in. However, the way it is going those tears could be for joy.
Love the typo, it really has been the last 4 tears!!!
Thanks Bigel. MOR indicates the figure of $1.2662 is representative of an average of all 8 or so AHL funds I'd be very surprised if less than 75% were not at hwm now. Possibly more than 75%. Seeing as AHL has been in the %1.20's since beginning July, the yearly results could be 'enormous' for AHL. (In relation to the last 4 tears or so, that is).
Nice news Fatlad! I reckon we'll get to about the HWM (for no reason other than to be annoying) sit there for a bit to wind us up then we will finally beat it early September (maybe 2nd week just to really P me off waiting)
Hi Bigel, your faith has been rewarded, AHL recovered 1.8% from Thursday.
A juicy £950k buy went through at 4.30