Buying Man (0r is it GLG)6 Feb 2014 10:44
Agree with Maltman's logic, especially after reviewing history of the merged companies, Man, GLG, (not forgetting FRM).
GLG itself was valued at $2.91 on the NYSE before spiking from $2.91 to $4.36 overnight as of 14 October 2010, (Wikipedia). $2.91 roughly equates to £2 per share at exchange rate of $1.50 to £1. Furthermore, According to Bloomberg Aug 2 2013 – 'Man Group Plc, the world’s largest publicly traded hedge-fund manager, rose in London trading after its first-half earnings surpassed analysts’ estimates, helped by higher performance fees at its GLG Partners unit'. This, in my own view, makes the combination price of (GLG, EMG anf FRM) totally illogical at just 80p.
Meaning that Man group share price, even on the value of GLG alone, is being heavily suppressed for whatever reason(s). Hence the frustration of many as well as the optimism of those eyeing a bargain.
As ever DYOR and GL to all whatever category of investor.