Member Info for Bigel

Sometimes though the market's aren't rational and there may be bigger factors at play. The general theme was that everything dropped a bit this afternoon after the Germans released some fairly poor numbers, maybe we got caught in that? remember a lot of people will see / use Man as almost a leveraged proxy on the rest of the market...

Lets hope for more Divi's and less buy backs going forward then...

In my opinion we will fail to break out of this 95p-117p band until the analysts start upgrading us. They famously set quite ambitious targets which are very rarely met so whilst we are sitting at the top of that most investors are lazy, look at the broker consensus, see we are at the top and shy away so we won't have the momentum to break out. That said, AHL hitting it's HWM, Numeric onboard and the GLG funds doing well producing performance fees we could very quickly rocket. Are the board still planning on distributing most performance fees back to us still??

I've been on a conf call for an hour and we've dropped 4% or so?!

Would be some broker upgrades, I always get a little nervous when a share shoots above almost all the projections for it. Time for some upgrades I think, will seriously help us keep up the momentum otherwise my concern is that we will drift down. Oh and Numis need to join the same world as everyone else.

Mind if I tempt fate... we've opened slightly up. (I'll look stupid at 8.30...)

I dunno, personally I'm a believer that if there are the right reasons for it then there's no reason why it can't rise each day for however long. To be fair though, there will be some profit taking, the 10%'ers will be jumping ship (I think a few grabbed an early life raft this afternoon).

Ok, cheers that's interesting. Basically on a "best case" scenario but I can see how you've got there. Personally I can't see why we can be comfortably sitting in the 120's although really I feel that given the cash generative position of the company we should be a fair chunk higher than that.

Hi, out of interest, how do you get to your 138p? is this on P/E or how have you go there? I'm trying to work it out myself so interested.

I pop in occasionally!! Btw, any idea what's behind this rather nice rise so far this week?

It's fairly well documented that despite all the Chinese walls etc the analysts are not independent and play to the tune that their bank play. That's why I only ever look at the general consensus view (unless there is a lot of M&A on the horizon!). It's clear that Numis have an incredibly negative view on Man, I'm not sure why, maybe they see it as a house of cards, maybe they have a client waiting in the wings to pounce if we get too cheap, who knows. What I do know is that it's unlikely to be a completely honest and independent view (as any broker rating is likely to be) and just take it with a pinch of salt.

Won't that figure include the amount they are paying for the stock? Numeric must have their own regulatory capital that comes with the business so you might be double counting?

How much extra revenue will this numeric deal bring in per year for us? Also what's the consensus good price / expensive? The market seems to have reacted well so far but it's early days.

Has the share buyback finished yet or any idea how much longer it's scheduled to go for? It doesn't seem to make a jot of difference though.

Cheers, as long as it's not an event or announcement that's materially affected prospects then I'm happy. It doesn't mean that I won't have a little strop though saying that antics like that just aren't fair though!

What on earth has prompted this dive to 90p?????

So overall up on new investments but the actual fund performance is down taking us further away from the nice performance fees. I can't help but feel a bit melancholy about it really...

Out if interest, where is AHL and the other big GLG funds with respect to their high water marks and therefore nice juicy performance fees?

So let me get this right, on a board for a hedge fund share which makes money from short positions you want to ban short trading?? And you are expecting a load of holders who are long on this share (i.e. holders) to back it when if it goes through the only money will be made from being short at the time??

If anything they've been increasing (http://shorttracker.co.uk/company/GB00B83VD954/all) but in a share like this shorters don't wield nearly as much power as they do with little AIM stocks...