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Man Group: Still Good Value

Posted on July 05, 2009

We last looked at Man Group (MNGPF.PK) on the 23rd March 2009 (208.75p). The stock was at that stage already recovering nicely from its 12 month low of 150p and was set to enjoy further progress as sentiment to equities and financial stocks in particular, improved. On reflection, looking at the headline stock percentage return, (the stock is now at 255p) it appears to be a most satisfactory return for EMG shareholders but the progress seems strangely unfulfilling relative the profits that could have been made, not least when you consider the stock nudged 300p just 2-3 weeks ago. But investors ...

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