Member Info for Fatlad

At $1.1863 it is up 0.9 on wk to 23/06/14. That's 11 times out out of the last 16 weeks. So why does the market not recognise a good performance. Question that springs to mind is it seems the only way market operators know how to make money is by cheating, wish I was wrong.

Man's price at outset of Buy Back: 101.8p, Price went u to 107p but was forced back down. Today it is 101.3p. Therefore, neither the Share Repurchase scheme, nor acquisition of Pine Grove and Numeric have bettered Man's share price. (Last week price went up to 107p on news of Numeric but has been forced back down. Furthermore, the share price dropped from 315p to 73p on the poor performance of AHL. despite the acquisitions of GLG & FRM. Now AHL has risen nearly 12% in the past couple of months or so, where is the corresponding rise in Man's price? evidently, bookmakers provide better protection for their clients than London Stock Market. What a thought.

AHL 11.6% rise in the period of the Buy Back and only approx 8% from High Water Mark yet Man's share price is being restricted from including that improvement. That's what happens when regulators turn a blind eye to manipulation. Of course that would be in addition to the diversification of Man's structure in general. However, as dduck has deduced there could still be $200m or so still available from the surplus cash. As I believe acquisitions do not improve the share structure over a short period, GLG & FRM, are examples, it would be more beneficial to us shareholders for a special dividend to be announced. It is well renowned that the prospect of higher dividend has a much more immediate affect on a share price.

Holding a share price down or pushing it up is manipulation. For years they have forced Man's price down citing AHL's performances as their excuse. They have kept it down by varying methods, the latest being the 'Buy Back' handled by GS. However, AHL's recent excellent improvement is conveniently being excluded from the share price, in the hope that it was another blip I should imagine. But this improvement in AHL now holding $1.1864, is continuing and MYOR shows the ups are larger than the downs. That is leading to AHL mush improved and sustained performance along with that of FRM. Furthermore, GLG's excellent returns of last year were based on the Japanese higher economy, which has dropped so far this year. Now the Japanese government are taking steps to revive it, GLG should well join AHL & FRM. With the addition of Pine Grove and now Numeric, Man is becoming more diversified and more capable of supporting itself through difficult world trading times, that will no doubt continue. Hence many of their brokers, including Citi, JP, even the downers Numis, Espirito ect are capitulating and, no matter how reluctantly, increasing their targets for Man Group in recognition of the much improved and diversified structure. As for Man's BOD, the acquisitions are also a way of fending off a t/o, the way I see it.

From Reports of it being Man's way of returning Available Surplus Cash to shareholders, (share repurchase was another). GL & DYOR always.

Being a hedge fund manager Manny Roman must know how to wrong foot the shorters. As the the news on the takeovers did. He will also know that an announcement for the Special Dividend, that would return some of the accumulated cash to PI's would also help to keep up the share momentum seeing as AHL is doing better than for over a year. Will he announce a special dividend soon?

Must now be only 7.5% to the Higher fund returns, (Assumed $1.28 from last info giving out. That would deserve FTSE 100 terrain, would it not?

http://britishbulls.com/SignalPage.aspx?lang=en&Ticker=EMG.L 102.3299 BUY British Bulls yesterday-----Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The market is telling you about a new profit. Do not miss this bullish opportunity

Thanks Bidel, good logic. AHL has spiked up again to $1.1843, certainly battling upwards now despite the worldwide trauma.

March 3rd Numis has iterated 66p for Man, (with Man's price @ 101p. Since then then has been • Buy Back consolidation, which should be worth 3.88% • AHL has improved by 10.38% • Numeric which could add 22% to profits (As per II Editor's post) • So assume Pine Grove will be 1.6% (guess it being 1/14th of Numeric) That points to Man's growth to 138p from the 101p at beginning of March . What is wrong with NUMIS? ..............In fact, should everyone ignore them, at least util they get a decent team?

You could well be right

'The regulatory capital usage associated with the Acquisition is expected to be approximately $325 million'. Share Repurchase was $115m, and assuming Pine Grove circ $23m, , is there enough left for the special dividend? Maybe $112? Roughly 3.5p/.share. (Thinking out loud again).

Could it be something to do with Numis having been caught with their shorts down? What about Citigroup, Espirito etc, have they been a bit wiser. . After all, they ll had two weeks notice that this could happen.. So could it be that the drop in price over the past few days has been to accommodate the likes of them? Just my thoughts.

Thanks Jackd, hope you are doing well. Certainly agree with your post, but it means regulators have their fear and apply the rules like n any ther issue. I can't see why it shouldn't happen along with their disqualification from the market when let out. LSEx rules are England & Wales law., (refer LSEx Rules on shorting). At today's price I reckon we are at least 18p down, that is, had the 'Buy Back' done what it was supposed to do, even so, AHL's much improved performance and the t/o news should be enought otake it up into 112p. Manny Roman and GS ex's are certainly hedging against ordinary investors. As for the 'Buy Back' Ive been through it all and come up with the RNS of March 14 2014 showing a big discrepancy, as such:- RNS for March 13th Share repurchase:- Man Group plc announces that on 13 March 2014 it purchased for cancellation 855,000 of its ordinary shares at an average price of 104.51 pence per ordinary share pursuant to its $115 million share repurchase programme, details of which were announced on 27 February and 6 March 2014. The highest price paid per share was 106.00 pence and the lowest price paid per share was 102.10 pence. Following the cancellation of these shares, the remaining number of ordinary shares in issue will be 1,818,750,631 (End of RNS data March 13) RNS for March 14th Share repurchase:- Man Group plc announces that on 14 March 2014 it purchased for cancellation 1,107,112 of its ordinary shares at an average price of 102.32 pence per ordinary share pursuant to its $115 million share repurchase programme, details of which were announced on 27 February and 6 March 2014. The highest price paid per share was 104.70 pence and the lowest price paid per share was 100.70 pence. Following the cancellation of these shares, the remaining number of ordinary shares in issue will be 1,818,987,036. (End of RNS data for March 14) Therefore, the way I see it, subtracting 1,107,112 shares cancelled on March 14th away from March 13th remaining 1,818,750,631 shares works out to be 1,817,643,519. Yet the March 14 RNS states that 818,987,036 were remaining.and that assumes only 236,405 were cancelled. Showing a discrepancy of 1,343,517 So, if I am correct, where did those 1,343,517 shares go to? Average price for that day was 102.32p. So not quite what I initiated previously in my rougher calculations, but still over £1.37 million adrift, (that could have been more as the highest prices were up to 104.7p). Yet no word of rectification from Goldman Sachs or Man group. Are they so arrogantly blase that they don't think anyone will check the figures even if they don't?

Yes, my figures are copied down from EMG's RNS, and have checked through again but same outcome I don't dispute that shorting is legal. Its conspiracies that I refer to. Pointless spending precious time doing the research into company fundamentals when those shorting entities can just make things up and spread them around just to wreck a decent company. Quite a bit going on and needs some action by those paid to do so. My 'pennyworth' would be to make the entities pay compensation to aggrieved shareholders when caught at it. Can't see why that would not work. AHL down slightly and still in sight of 1.18, but hey, AHL had only 4 small loss weeks in the last 13 weeks, the up weeks much more than the downs. So, dare I say it, AHL appears to be coping with the worlds warring & war mongering.

Hi jackd, Totally agree with you on the dividend, I can only think that Manny dislikes PI's getting anything from this share now he is in charge. Hope he confounds me but can't see it. As for the 'Buy Back', I am still trying to figure out why there should be a discrepancy in the figures, let alone one of such size. For instance:............................................................................................................... .......................................................................................................................................................... Amount in circulation after start of buy back (March 6) = 1,823,042,449 Amount bought on March 6 = 690632 Therefore, starting total = 1823042449 + 690632 = 1,823,733,081 Amount remaining yesterday June 16 = 1,758,725,010 Difference = 65,008,071 ........................................................................................................................................................... ......................................................................................................................................................... Yet the total of the figures shown as having been bought adds up to 66,778,600 In that case the no of shares remaining should be 1,823,042,449 – 66,778,600) = 1,756,954,481 But amount shown to be remaining yesrerday, June 16, was 1,758,725,010. A deficit of 1,770,529 shares still in circulation, (that would be 1%), that has been shown as having been bought back but not cancelled.. I would hope I am wrong but have gone through the figures more than a couple of times. I believe that there is only 1 or possibly two days worth of buying to complete the issue depending on the exchange rate between the $ & £, (which would not affect the issue I mention), so I hope they check their figures. You may or may not agree with this one but I believe some of the totally unreasoned shorting going on recently, is little short of 'financial terrorism' and should be stamped out before they wreck everything.

Nearly forgot, Japanese said to be opening up their huge pensions fund market.

If so, what has happened in the time of the Buy Back? Opening Price was 101.8p on March 6th Almost 4% reduction in number of shares in circulation, AHL still holding at around $1.18, (12 trading days). Up 11% from $1.06 on March 24 when price was 103p-106p One positive acquisition, (Pine Grove) and one more possible, (Numeric) Surely we should be anything from 11% to 15% higher that what is is now 100.4p, Why not?

http://www.telegraph.co.uk/finance/markets/questor/10887946/Questor-share-tip-Its-not-time-to-Man-up-yet.html

Form Questor Analysts like this diversification and so — to an extent — does Questor. If Man hits forecasts then it is set to yield almost 5pc for the 2014 financial year. There’s no doubt the company has had a hard few years but management took — and, as recent M&A activity shows, is still taking — action. Man rates a hold today but Questor is keeping an eye on it with a view to buying in the future So why do the UK regulators not investigate GS having been given and handling of the Share Repurchase project. US and Euro regulators were not afraid.