CAN MAN GROUP TURN AROUND ITS PERFORMANCE?
SARAH ING
Singer Capital Markets
AHL has been under pressure and was on average 14 per cent below peak at the end of March… Investor sentiment is “fragile” and the business remains heavily dependent on an improvement in AHL.
DAVID MCCANN
Numis
To perform, AHL needs markets to trend for a sustained period of time (6-9 months), rather than “risk-on risk-off” flipping… If AHL is unable to recover performance, earnings and dividends could fall substantially.
STUART DUNCAN
Peel Hunt
The interim management statement will do little to quell fears surrounding Man. Asset flows remain relatively weak, particularly in the higher margin product areas. We…. cut our recommendation to Hold.