Member Info for Fatlad

Goldman Sachs fined by EU over power cable price fixing, uk.finance.yahoo.com/news/eu-regulators-fine-goldman-sachs after GS being fined in US for fiddling mortgages, (Goldman Sachs escaped with a then-record $550m fine to settle SEC charges in 2010, without admitting or denying guilt). http://www.theguardian.com/business/2013/aug/01/fabulous-fab-tourre-guilty-fraud GS now being probed by US regulators again https://uk.finance.yahoo.com/news/goldman-sachs-probed-hiring-high-152253924.html With such a record why was GS given the job of Man’s ‘Share Repurchase’ scheme? Was it because there are ex-managers in control of Man, if so, looks like GS have trumped other t/o potentials. Are they in a position to manipulate Man’s price to suit such a purpose. Man’s price has certainly suffered badly since ‘buy back’ commenced despite remarkable improvement in AHL, not forgetting broker price targets of well over 100p. So is a miserable 120p or so on the cards or will we be lucky .to even get that?

Hi dduck, yes AHL is up, and still has achieved a nearly 7% increase over the past 8 weeks even after a drawback yesterday. Another positive for me is that AHL has gradually overcoming the dips instead of succumbing the them as it did prior to the strart of diversification. Also seems different to last year when it just rose with the Yen improvement and dropped with the Yen's dramatic drop..

Thanks to you for your contributions, especially reinforcing my doubts about Manny. As for the shorting it is legal, and so is driving a car but only legal within the rules. There was no information whatsoever for the dramatic drop in price on Wednesday thro' Thursday. It was extremely dramatic and IMO had to be conspired, (illegal). We both hope Manny was not involved in the shorting but If Tuesday's AHL Est Nav of 1.1433 had been released when it should have been, on Wednesday, the price drop would have been stopped in its tracks, if ever started. Why it wasn't needs needs a plausible inquiry. .

Hi there, my opinion is that the share has already well past the 'bottom'. Why: AHL is what the shorters are complaining about but AHL was 1.1433 two days ago, (which was only 10% or so below HWM). That information was not produced until today, why was it not issued on Wednesday. My assumption is either Manny is not competent enough, as we both have thought, or he is in tow with the shorters, why hold that news back? Interesting point that will not be forgotten when the opportunity arises. As for the SP, the last time AHL was over 114pthe SP was 115p, however GLG was doing better, so IMO, based on logic not greed, the price should be bobbing around 109p. IMO it would have been had it not been for Goldman Sachs and their cohorts.

Hi Bunks, yes indeed, with compliments from the shorters. ( Would prefer otherwise). Charts are useful but mainly based on statistics and almost anything can can be made of stats. Not just Aim shares but the FTSE 250, (-2.24%), was massively affected yesterday, almost 10 times that of the FTSE 100, (-0.37%). That points to a consortium of shorters acting in unison. Having signed the Shorting Petition, the sooner Parliament gets involved and fines London Stock Market the better if they do not take action against such events. More so if my amendment is taken on board and the fines administered and paid into a compensation fund for those affected, (retrospectively at that). With that in mind a group of us are informing our MP that support for the petition and his positive activity in the matter is the only way he can look forward to continue getting our votes.

British Bulls now issue warning regarding their shorts on BLNX & EMG. Quote: With the bullish pattern detected today candlesticks warned short sellers to be on alert. Market sentiment may be changing in the direction of the bulls. End quote BLNX is rising fast, what's in store for EMG? Will I get the chance to buy at these levels tomorrow and reduce my b/e even further?

Just realised, another opportunity coming with the dividend payment on Friday, (sold after xdate). So if price stays low then a further chunk off my b/e price.

Decided to support EMG further and have now drastically reduced my 2.40p b/e to 1.27p cutting over £1200 from my losses. Did so realising that the last time Citigroup did this the SP dipped to 97 or so before recovering to 1.07 the very next week. This time Citigroup actually raised its target for Man by nearly 4% so will we see a similar rise in a recovery price, (would be 1.12p perhaps), especially as between their iterations AHL has recovered significantly. Pity about GLG, not have done the same but Digby04 could well be right about Manny, seems he can't manage both the AHL black box & GLG, (whose humans are letting him down).

Thanks. Agreed as we are in a similar position. Even though I disposed of a lot of mine I still have a few at 2.40 ish. My initial remark about AHL was to simply question whether GS had known about the big improvement in Man before anyone else. While my explanation of the improvement in AHL over the past 6 weeks was, in fact, in answer to a vague pointer from poster from III board shown on: ttp://www.discussthemarket.com/emg-stream. Obviously then, you are not alone in reading LSE posts, but as many on here, you have respect to and do mention the name of those you refer to.. What else is being overlooked is that even the likes of Citigroup have actually had to increase their target for Man. So the results were better than they expected.

and momentum in the business. AHL momentum at present is a 7% gain in 6 weeks to just under 1.13 Est Nav. The last time AHL was over 1.13 Man market value SP was 1.16p not the 85p or so of the shyrters. But now to suit their own ends they say AHL is not important. It is difficult to say what any funds or investments will do in the tumultuous times in recent years but anything holding its own deserves credit, (except from the shyrters). AHL may or may not cross the 1.13 Est Nav for a while but its improvement certainly gives more hope for the future, (that is to genuine investors), than anything sadly being put forward by the shysters. Seems that all shorters want to do is to knock shares down but as people's pensions etc depend on a fair market, its time shorters are brought into the line, (of decency). Regulators should be taking note of those just shorting in conspiracy. That's illegal, the law may just be wakening up!

wonderful, going to cut my losses dramatically, then lets hope the shyrters get their rear end burned badly. Its on the cards.

'excat' read exact

Obtaining an exact figure for AHL's hWM is not an excat science. However, my figures were obtained via article in Valuewalk June 5 2013 when AHL Est Val was 1.1209. The article quoted the following " AHL is about 13 percent lower than the “high water mark” above which it can charge hefty performance fees on its clients money, says the Financial Times hedge fund correspondent Sam Jones.End quote. Very similar figures as yesterdays except AHL has been moving up but was falling when article was produced last year. Simple arithmetic then for adding 13% to 1.1209 works out as approx 1.27. (AHL had been up to 1.28 or so May 2013). Adding 12% to yesterdays figures gives 1.12 x 1.1294 = 1.265. Almost HWM.

AHL figures obtained from www.man.com/gb /investor relations prices and commentary AHL Daily Price Estimates March 24 Est Nav 1.0601 May 5th Est Nav 1.1037 May 6 1.084 +0.4 and +0.4 up on week since May 5th May 7 1.116 which was 0.7 and +1.1 on week since May 5th May 9 1.1254 which was -0.4 and +2% on week since May 5th Did not see May 8 but simple deductions/additions show that it was +1.3 and +2.4 on week since May 5th. Compliments Fatlad (LSE)

Actually AHL had risen 2.4% to 1.1294 over the two days May 7-8. That's only approx 11-12% below 'high water'. After the steady rise this last six weeks from 1.06% has AHL really been fixed.

Goldman Sachs has just reiterated a 110p target for Man. Long way above the shorters, (Numis and Citigroup), therefore are the 'bandwagoners', such as British Bulls acting wisely especially with regard to their recent record or just like a bull in a china shop. Surely GS must know better due to the're being much more in the know about Man.

Edge1878, well put. However, I fear the 'Buy Back' project in the hands of Goldman Sachs is not fit for purpose of increasing the value for all shareholders and has become an 'Albatross around Man's neck'. The only reference made in the results was that they had completed more than half of the purchases in a fifth of the time given. Why are Goldman Sachs insatiably buying at prices way below what they were when they started.

Especially concerning inflows which is good news. The funds flat performance was already known about and not unique to Man. But as already said, I tentatively admit AHL 'seems' to be improving despite the difficult trading times. Disappointed, though,with no reference to the special dividend or an explanation for the failure of the 'buy back' program to bolster the price upwards instead of manipulating it down.

Appears AHL may have diversified over the past couple of months, as despite Japanese economy struggling, (rightly pointed out recently by jackdawsson), AHL has continued to improve. Yesterday's Est Nav, 1.1160, is highest since December 2 2013, (I believe). Long long way to go. Will Manny prove me wrong?

'You’ll Kick Yourself For Failing To Buy HSBC Holdings plc At Today’s Price', is a Motley Fool headline today. Currently price now sub 590p. Probably would feel like topping oneself if Espirito Santa' Execution's February advice was followed when they advised to buy HSBC at 770p. More worryingly, Espirito Santa Execution has upgraded their target price for EMG by almost 30%, (but thank heaven for small mercies as they still recommend Sell, ). Would spell trouble if they were to recommend anything else I fear.