positive year end reports ...

[XJSJohn]

Have noticed this week that there have been quite a few companies reporting "surprise profits" in thier FYE reports coming out this week.

Aggreko and Standard Chartered for two that have been on Bloombergs this morning at least.

Is this a good sign, the nett effect of the cost cutting or just proof that the media has been spinning this recession beyond what it truely is?

Three of the big China companies reports due out soon too ...

[Adrian W]

Chinese companies will be interesting, as a lot of the electronic companies are working for little or no margin.

[NoelWatson]

http://www.thecrossbordergroup.com/pages/1913/Brea...

"The US faces the worst decline in dividend payments since 1938 when they were down by 36.3 percent, according to Standard & Poor’s."

[Brown and Boris]

XJSJohn said:

Have noticed this week that there have been quite a few companies reporting "surprise profits" in thier FYE reports coming out this week.

Aggreko and Standard Chartered for two that have been on Bloombergs this morning at least.

Is this a good sign, the nett effect of the cost cutting or just proof that the media has been spinning this recession beyond what it truely is?

Three of the big China companies reports due out soon too ...

You won't hear about it on the mainstream media as promising news doesn't fill sofas or sell papers. Obviously people in the media don't have pensions, savings or jobs to protect.

[XJSJohn]

Brown and Boris said:

You won't hear about it on the mainstream media as promising news doesn't fill sofas or sell papers.

Quite possibly, this was on Bloombergs Asia News. Definitely not a mainstream for the average prole in Europe, but a popular news channel out here.

(edit to add - even for proles like me.)

Edited by XJSJohn on Thursday 5th March 08:18