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Old 19th Aug 2005, 21:43
  #19 (permalink)  
QFinsider
 
Join Date: Jan 2005
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Hmmm

Haven't got into analysis of the numbers yet, a little jetlagged.

As Keg alluded to and even old Sunfish has picked up on it. I t is a clever accountant's spin that nominally dervies a number for J*. There is so much borrowed infrastructure and personnel that there are clearly issues with respect to the preparation of the accountants. Much is loaded back to mainline, which has its accounts presented , whereas the other entities aren't presented as stand alone trading entities...Its a great way to hide real costs.


And from what I have seen the Share price is still stuck, so maybe the markets are waking up........

Mind you it's a great way to continually threaten your workforce by pointing out how well J* does and how bad we at mainline do......Engagement they call it


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