EMG Man Group, share buy backs will help the SP appreciate EPS forecast in 2018 to rise 21.2% giving a forward P/E of just 12.5. Was P/E of 39 2016. Cheap very cheap with powerful growth going forward.
They're up 60% on the year, have been paying a nice dividend for years. They're getting close to £2 which is where it all went wrong last time and NOW it's 'time to buy again'?!?
Some of us have been holding shares sub-£1. I wouldn't personally say now was the time to get involved taking all things into account. If £2 happens I may very well be tempted to cut my holding. Only thing keeping me is the nice 8%/yield and it is generally one of the less scary shares to hold. (that is until market volatility hits and the indices drop, at which point this will track it back down and then some.)
"It wasn't quite as spectacular a rise as this time a year ago, but LSE:EMG:Man Group continued its winning streak Friday after another quarter of forecast-busting results and a further share buyback.Man shares rallied almost 5% to a further ..."
EMG Man group on.... RNS: <a href='https://www.investegate.co.uk/man-group-plc--emg-/rns/trading-statement/201710130700024982T/' target='window'>https://www.investegate.co.uk/man-group-plc--emg-/rns/trading-statement/201710130700024982T/</a> FUM nicely UP. Chart looking strong. Stock used to combat Brexit worries.
Man Group has reversed its position on charging clients for external analyst research and will now absorb the costs itself, the worlds largest publicly-traded hedge fund said as it reported a rise in assets in the third quarter.The FTSE 250 listed group managed $103.5bn at the end of September, up from $95.9bn at the end of June. Analysts had expected assets to top the three figure mark by the end of the year.Man Group also said in its trading statement that it intended to absorb the cost of paying for external research itself when sweeping new financial reforms, known as Mifid II, come into force in January a departure from its previous stance, reported by the FT, that it would pass these costs onto clients. It said the decision would cost it between $10m and $15m.The majority of large asset managers who have confirmed decisions have said they will absorb the cost of research themselves.Driving the rise in assets were net inflows of $2.8bn in the quarter, positive investment performance which accounted for $3.3bn and foreign exchange movements which benefitted Man Group by $900m.Luke Ellis, chief executive of Man Group, said:The third quarter of 2017 was a period of strong alpha generation for Man, with positive performance across the firm. As expected the pace of inflows and the level of margin compression both moderated during the quarter.Inflows remained strong overall and were focussed on some of our newer strategies, in particular alternative risk premia. We devote significant efforts to developing innovative solutions, and we are pleased to see our clients enthusiasm for these newer offerings.Looking forward we continue to see a decent level of interest from clients, with our normal caveat that flows are likely to be uneven quarter to quarter.
I didnt advise anyone to sell.
I simply said Ive sold and why.
Good luck to holders.
At least I got out with a small profit which is the important thing.
Dow ploughing higher Im not surprised its moved higher.
As I stated, this moves up with the Dow just like its done.
It's the issue that if Dow is being capped (big if) by 22000, then emg is also unlikely to exceed 170p. I don't know where Dow is going but the selling at 22K Dow could imply downside to come. So I wanted to exit to be safe in case Dow sheds 10%. If not, there is always another opportunity knocking, just need to wait for it. Man funds seems to perform better in an upward market now that AHL is a smaller part of their business,
well i was the only one here talking about buying
before the update here.
And i did snap up real shares happy to have done so.
it was obvious EMG would have had a good result
due to positive market mood.
Well. I will not bother posting here anymore
total waste of time.
Sp will hit £2 and over this year.
Decent results although low margin business thrives and not enough performance fees. Despite that it appears good enough for a hike in sp. Up 5% now and i dont see why holders would sell now when it's set to rise.
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