I bought a wodge of Man Group recently at 115p, thinking it was oversold. So much for that idea ...
All the same, I bought a second wodge yesterday at 95p, in time to scoop the dividend. I didn't get where I am today by learning from my mistakes!
UBS target price is 140p, for what that's worth. Even if there's no takeover, Man has plenty of cash, and a buyback would seem prudent at current prices. And failing that, there is at least a commendable comitment to return cash to investors.
Anyhow, I'm just too young and good-looking for safe investments!
