Member Info for Fatlad

to explain why Goldman Sachs was given the job of disbursing cash in the form of the ‘buy back’ farce. (When much of that cash was accumulated by reducing our dividends).. It is a farce, (if not a crime IMO), that GS are piling in, in an insatiable way, buying the shares at price lower than when they started, which clearly means to me that they have contributed to the fall in MAN share price. (Even the average 'high' price GS bought at in the past 15 days as against the first 15 days is is almost 5p lower. So we have lost much more than the dividend Man paid). This despite being given until December this year to buy back, yet they have used up very nearly half of our cash already. What’s more, there has been a steady unconnected improvement in AHL since the buy back commenced. So seeing that such importance is placed on AHL in the market place, would it not have been a much better project, (to benefit all the shareholders), to produce a special dividend and buy back the shares long term at an increasing price? If their ‘buy back’ farce is the best Manny and his ex GS board members can do, as it seems it is, we deserve an explanation before they resign en block.

dduck, I agree . GLG was spun out of GS just in time to be "taken over" by Man in 2010. While Man staff has significantly reduced, GLG's has increased their quota of ex-GS staff. Also, IMO, any AHL possible profitability seems to be being stemmed somewhat. However, I hope we are both wrong as I would still be left with quite a loss

Instead of expanding Trojanism RE:Ex-Goldman trader Pierre-Henri Flamand joins Man Group Wed, 7th May 2014 08:52 LONDON, May 7 (Reuters) - Former head of proprietary trading at Goldman Sachs Pierre-Henri Flamand has joined listed UK hedge fund Man Group as a senior portfolio manager, the company said on Wednesday. Flamand will join the company in its GLG unit during 2014 and focus on a "global catalyst-driven strategy across the capital structure", Man said in a statement. After a 15 year career at Goldman, where he headed the Principal Strategies Group, Flamand left in 2010 to start a Europe-focused event-driven hedge fund, Edoma Capital Partners, but closed it after two years, blaming volatile markets. (Reporting by Simon Jessop. Editing by Chris Vellacott)

or has he got something hidden up his sleeve? Making a botch up of redistributing the excess cash to all shareholders, (much of which derived from reduced dividends), especially as the share price has collapsed. Even GLG is struggling. Looks like he can't cope with both. (Well definitely not the Man side). IMHO if he does not have something spectacular this week then that event should be his resignation surely.

Good to hear from you, your second post answered the question I was going to ask. Doubt if I would buy back what I've sold unless I sensed a t/o. Not very likely, especially with what the Labour are purporting to do about t/os. Even if I'm wrong and they might spur a t/o on, it wouldn't be much value on current performance I fear. Although the AHL downs have been reducing of late but as you say a very long way to catch up to last year. As I said a while back we'll be lucky if this boundaries between 95p & 120p for a long time now. So best to look elsewhere I think. GL to you and all.

AHL Est Nav up 2% this week but the SP is still 'scratting' around under the £1 and way down from what should be. Man Group should be run as a business not an old pals act, IMHO.

IMO nothing happened to justify it breaching the £1 downwards, except maybe manipulation to accommodate 'little' friends.

Wonder why are they holding down the SP. Seems like something fishy going on.

So whats happening. March 6, (price 102p), Buy Back, (BB), started, the price rose in expectations to 107-8p, then Goldman Sachs, (GS), US mortgage manipulation cohorts issue a low target price of 85p, GS themselves also put in a low target of 95p (even though they are supposed to be still buying for the benefit of Man shareholders and in spite of higher targets from other brokers,( CG 115p, HSBC upgrade to buy), Man are losing up to10p overall so why was Goldman Sachs given the BB project?

Last time AHL went to 1.094 as yesterday the share price went up to 105-7p (April 10th), yet it is being help down to 98-9p despite the AHL improvement. Come on Goldman Sachs, lets get the share price up to what it should be.

After watching the 'buy back' saga over the last 7 weeks that question springs to mind. As said before, the much money being used comes from the accruing of Man's money not being paid as dividends to SHs over the past years, and that has, IMO, recently been further 'mindlessly' devastated by GLG's control over Man. As I have said previously, history shows GLG do not like giving dividends to retail shareholders. However, that is no excusefor him to give away what should have already been distributed to them. Results of his balmy buy back scheme points to a much better result share price wise had he given it as a special dividend to all not to those most being in the know. Instead he has managed another flop along with his inability to address the AHL issue, we need a top man who knows what he is doing at this level. How about it Manny?

whatnext, very good point as extremely small activity in the buying sphere from BOD.

I am also quite worried as I believe Mr Tibbs is quite correct on his two points, IMO. First, is his 2nd, in that Man shares have been severely damaged by shorting and is again being damaged, by whom? Secondly, there are many others, among them BLNX and the lately QPP. Shorting is legal, but only legal if done within the rules, that are readily available from LSE. Even if London Stock Exhange regulators were not cowards, if not in on it, (or both), then they could slap a halt on shorting immediately, until the rules on shorting are seen to be being adhered to. That would be only fair, (as per rules). Another suspect case in my eyes is that Goldman Sachs handling the 'buy back' scheme, supposedly spending my, and others, dividend acruements that were snatched over the past 4 yrs or so to acquire GLG and then by GLG because they do not like paying dividends. This ‘buy back’ scheme is supposed to benefit the share price, yet on a number of occasions it has sank to less than 98p. Firstly, from 102p, (when GS started on Mar 6th), and then from 108pc a couple of times when good news uplifted the price, HSBC & Cannacord. But now back down to 97p, well done GS. Ah yes, why Goldman Sachs, (asks my partner, as they have read something about GS might have been caught manipulating US mortgage market over a lengthy period and lately suspected of the same in the EU metals market). So why trust them with our money, could Trojanism be suspected? If so, how much could I lose on a t/o bid similar to what happened at CWW a couple of years ago. Quite disquieting if not disturbing.

Hopefully the share buy back scheme should strengthen the price a little, but another good outcome of this prolonged share buy back process would be if it deters any take over at the present price levels, for the time being at least.

Goldman Sachs buying Man shares, (for Man?), at prices around 100p, (while valuing them at 110p, as per Broker News). Seeing that much of the money being used has come from savings due to the yearly dividend being slashed from 23p down to under 5p, why don't they do the decent thing and buy back the shares at a proper value or better still give it as a special dividend.

http://www.bloomberg.com/news/2014-04-04/u-k-stocks-extend-third-weekly-gain-before-u-s-job-data.html

I assume GS has been buying again for Man to withdraw the shares from the market, a long time to go for this venture. Plus British Bulls yesterday advised clients to buy. Plus RBC reiterated its sector performer rating for Man today. Most significant is I sold some and as usual the price just kept rising. Probably some other reason's as well but I doubt it had anything to do with AHL performance over the last week or so.

Well now, it has broken its losing run on Monday, but still has 2% to make up. Certainly more encouraging but would appreciate the programming beiing changed to avoid so many losing days on the trot.

AHL 8 straight losses, the clever programmers seems to have programmed it to recognise downward trends alright. Why can't they put in a stop before 8 straight losses I wonder.

Maybe GS read LSE posts, pof.