have the mm's pulled Man's price back down from its high of 123.9p to 120.80p this morning. Can't see it as being due to the Scottish Ref as Lloyds is 1.5% up. Cant be the forex as the £ is holding steady against the $ and the Euro and significantly up against the Yen Can't be its performances as AHL well into hwm for all of this H2 making increased profits for its investors and Man. GLG continues to improve. Numeric and Pine Grove now installed. Very puzzling. Could it that mm's like the destitute Espirito Santo Investment Bank, (which acts as market maker for Man, ref Simon Jessop Reuters May 29), are continuing their shorting to make up their bankruptcy losses. If so, is the shorting a successful companies not why they became bankrupt?
Should have said 'worth a few pence more on Monday am in respect to the new financial situation' in last post, However, AHL only needs to remain thereabouts to be in high fees territory. GLG needs to continue its revival and it should be expected that their will be considerable influence from Numeric Not forgetting the other new acquisition Pine Grove. Beyond belief that the now vastly improved Man Group is not over 150p
have a feeling that this will cost quite a few pence more to buy on Monday as the mm's will jump up the price before we get a chance. GLG just needs to keep up their last two weeks performance for a good while. As for AHL, it has been making some performance fees since at least June 30th and as you know AHL has kept on improving forr the whole of H2 so far right up to this £1.3046 high. Also, today Numeric has been accepted as part of Man Group. I'm hopeful 150p anon as Man appears to be performing better than at any time since before 2007. (The high days).
Now the Est Nav is $1.2798. (I make it a 1.25 drop, however, the opposite happened on Aug 26 when 0.8 rise was associated with the result but actually it was a 1.27 rise). Funny maths. file:///C:/Users/jacksi/Downloads/ggd_eng_AHL%20daily%20price%20Sep%202.pdf
http://www.britishbulls.com/members/SignalPage.aspx?lang=en&Ticker=EMG.L ''The previous SELL recommendation was issued on 9/1/2014, 1 day ago, when the stock price was 118.1000. Since then EMG.L has risen by +2.03%''. . . ''.Market Outlook'' . . ..''The bears are struggling to keep the upper hand in the market but the bearish supremacy is questionable''. . . . . . . . .. While recommending shareholders to sell shares of a viable company that is performing well is incredible, IMO, give them a bit of credit for 'changing' their advice so quickly.
https://uk.finance.yahoo.com/news/portugal-bank-got-goldman-sachs-084818305.html ''Goldman Sachs (NYSE: GS-PB - news) stands to lose money on a multi-million euro loan it made to one of Portugal's largest banks a month before it collapsed, the Wall Street Journal reported on Tuesday. The US investment bank made the $835-million (635-million-euro) loan in July through a Luxembourg financing vehicle it created at a time when Banco Espirito Santo, on the verge of bankruptcy, found it nearly impossible to borrow money directly in capital markets, the newspaper said''. . . . . . . 01-Aug-14 Espirito Santo Execution Sell 91.00 91.00 Reiteration. . . . . . .. . . .Strange goings on
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'.
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.
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.
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.