General Electric

  • Ecco la 68° Edizione del settimanale "Le opportunità di Borsa" dedicato ai consulenti finanziari ed esperti di borsa.

    La settimana è stata all’insegna degli acquisti per i principali listini internazionali. Gli indici americani S&P 500, Nasdaq e Dow Jones hanno aggiornato i massimi storici dopo i dati americani sui prezzi al consumo di mercoledì, che hanno evidenziato una discesa in linea con le aspettative, con l’inflazione headline al 3,4% e l’indice al 3,6% annuo, allentando i timori per un’inflazione persistente. Anche le vendite al dettaglio Usa sono rimaste invariate su base mensile, suggerendo un raffreddamento dei consumi che hanno fin qui sostenuto i prezzi. Questi dati, dunque, rafforzano complessivamente le possibilità di un taglio dei tassi a settembre da parte della Fed (le scommesse del mercato sono ora per due tagli nel 2024). Per continuare a leggere visita il link

  • Due nuove obbligazioni Societe Generale, in Euro e in Dollaro USA

    Societe Generale porta sul segmento Bond-X (EuroTLX) di Borsa Italiana due obbligazioni, una in EUR e una in USD, a tasso fisso decrescente con durata massima di 15 anni e possibilità di rimborso anticipato annuale a discrezione dell’Emittente.

    Per continuare a leggere visita questo LINK
GE sfonda i 19......avanti cosi'...la divisione Capital tornera' a far profitti tra un anno o due...a giorni la trimestrale.....

General Electric faces more shrinking profits



NEW YORK (MarketWatch) -- General Electric Co. faces another quarter of shrinking profits, but an upturn in the global economy should help reduce losses in the conglomerate's financial arm and increase investor confidence.


GE 19.04, +0.33, +1.76%

Dow 30 component /quotes/comstock/13*!ge/quotes/nls/ge (GE 19.04, +0.33, +1.76%) and economic bellwether is set to release its first-quarter results on Friday. Analysts polled by FactSet Research project earnings of 17 cents a share, on average, compared to a profit of 26 cents a share the company said it earned in the year-ago period.

Nigel Coe, an analyst with Deutsche Bank, recently raised his first-quarter estimate for GE to 16 cents a share from 14 cents, reflecting faster growth in its healthcare business, slightly lower loss provisions at GE Capital and a small gain from the sale of its security business.

But investors will remain keenly focused on the outlook for GE Capital. Coe said he is concerned the unit will require support beyond the $2 billion pegged for the first quarter, 2011, though the parent company should have ample cash by then to fund such an outcome.

If GE Capital remains on course, Coe predicts it will return to profitability sometime in 2011 or 2012.

"Capital allocation will remain a key issue through the coming year, as will financial reform," Coe said, who has a hold rating on GE stock and a $20 price target.

In January, Chief Financial Officer Keith Sherin projected a flat profit growth for GE in 2010 followed by "solid earnings growth" over the next two years, driven by its infrastructure business. Read more about GE's outlook.

Shares of GE have bounced back over the past 52 weeks, up some 54% to $18.71, and trading near a full-year high. The stock hit an 18-year low in early March of last year.

Over the same period, the benchmark Standard & Poor's 500 Index /quotes/comstock/21z!i1:in\x (SPX 1,195, -1.62, -0.14%) rose 39%.

GE got pounded when credit markets hit the brakes after the collapse of Lehman Brothers in September, 2008. More than half of its annual earnings came from its financial businesses, and at one time, it was the largest financial services company in the country.

To offset the financial losses, the company slashed its dividend and sold of parts of its various businesses to raise cash, such as its GE Security business to United Technologies Corp. /quotes/comstock/13*!utx/quotes/nls/utx (UTX 73.28, -0.48, -0.65%) and a 51% stake in NBC Universal to Comcast Corp. /quotes/comstock/15*!cmcsa (CMCS.A 18.69, +0.07, +0.38%) .

In February, it was reported GE might sell its $3.3 billion stake in Turkey's Garanti Bankasi AS.

Christopher Hinton is a reporter for MarketWatch based in New York.
 
Qui General Eletric non me la conta giusta... :mmmm:

5 miliardi di utile semestrale e patrimonio netto in calo di 3,4 miliardi?? :mmmm:

Dove sono finiti questi 8,4 miliardi di differenza?? :mmmm:
 

Allegati

  • General Eletric Q2 equity falls earnings rise.png
    General Eletric Q2 equity falls earnings rise.png
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Qui General Eletric non me la conta giusta... :mmmm:

5 miliardi di utile semestrale e patrimonio netto in calo di 3,4 miliardi?? :mmmm:

Dove sono finiti questi 8,4 miliardi di differenza?? :mmmm:

Mah!....
Io sotto ai 14 volevo lanciare un'acquisto, ma sono stato troppo mal fiducioso:wall:

In compenso oggi una bella news per gli azionisti:
Aumento del dividendo del 20% a quota $0,12 dai $0,10 ed estensione del riacquisto delle azioni in termini di tempo fino al 2013.
Dei 15B da riacquistare ne mancano 11,6B.

http://www.businesswire.com/portal/...d=news_view&newsId=20100723005699&newsLang=en
 
Qui General Eletric non me la conta giusta... :mmmm:

5 miliardi di utile semestrale e patrimonio netto in calo di 3,4 miliardi?? :mmmm:

Dove sono finiti questi 8,4 miliardi di differenza?? :mmmm:

Centra qualcosa il fatto che abbia ceduto una divisione alla United Tech?
 
Centra qualcosa il fatto che abbia ceduto una divisione alla United Tech?

Non seguo molto da vicino GE, se hai più info su tale cessione faccelo sapere!
Non so se è cosi grande da tappare il buco...:mmmm:
Poi che io sappia, le perdite su vendita di assets sono minusvalenze che dovrebbero essere riportate a conto economico! :yes:
A meno che non abbiano cancellato questa postilla nei principi contabili USA :D
 
Non seguo molto da vicino GE, se hai più info su tale cessione faccelo sapere!
Non so se è cosi grande da tappare il buco...:mmmm:
Poi che io sappia, le perdite su vendita di assets sono minusvalenze che dovrebbero essere riportate a conto economico! :yes:
A meno che non abbiano cancellato questa postilla nei principi contabili USA :D

Indipendentemente che ci siano minusvalenze o no o che debbano essere riportante in conto economico, il fatto che la quota di PN della ex controllata non sia più consolidata dopo la cessione farebbe scendere il PN nel bilancio consolidato di un importo corrispondente. E questa variazione giustamente non passa per il CE.

Comunque, se non sbaglio, anche un cambio diverso a cui viene convertito il bilancio delle controllate estere per omogeneizzare i dati pre-consolidatemento può causare delle variazioni nel PN che non passano a CE (mi è capitato di vederlo ad es nel bilancio consolidato di Coca Cola tempo fa).

Non so se il caso di GE dipenda da questi 2 casi, taroccamenti o altro perchè non ho approfondito... ma comunque può essere una cosa normale.
 
Scoperto l'arcano, analizzando meglio il documento SEC 10-Q del primo trimestre ho capito dov'è inghippo. Non hanno fatto transitare a conto economico le perdite su cambi, 2,4 miliardi di dollari "andati in fumo" nel Q1.
Nel Q2 ancora mancano i dati approfonditi ma probabile che ci sia un andamento analogo. Comodo però, metto le perdite su cambi nell'Other comprehensive income e poi vado a farmi bello con gli investitori di aver earnato 5 miliardi di dollari, non fa una piega :D
 
comunque...forza Ge......di rientro dalle ferie la bella notizia....

GE lifts dividend 20 percent and will resume buybacks
By Scott Malone Scott Malone
Fri Jul 23, 4:09 pm ET

BOSTON (Reuters) – General Electric Co (GE.N) moved to raise its dividend by 20 percent on Friday, in a sign that the largest U.S. conglomerate has put the worst of the financial crisis behind it.

The move came sooner than many investors had expected and sent GE shares up 3.2 percent in afternoon trading.

The 2 cent per share quarterly dividend hike, which means the world's largest maker of jet engines and electric turbines will now pay investors 12 cents per share each quarter, still leaves GE's dividend below the 31 cent per share quarterly rate it had in place before cutting its dividend in February 2009.

The new dividend is payable October 25 to shareholders of record as of the close of business on September 20.

The company also said it will resume buying its shares, a practice it had halted on September 25, 2008. It is extending its existing share-buyback plan, which was due to expire on December 31, though 2013. The board has authorized it to buy back up to an additional $11.6 billion in shares.

"It did come earlier than expected," said Wayne Titche, co-manager of the AHA Diversified Equity Fund at AMBS Investments in Grand Rapids, Michigan. "It's encouraging that they are positive enough with the cash flow and business outlook to do that."

GE last week reported a better-than-expected 16 percent rise in second-quarter profits, breaking a streak of more than two years of declining earnings.

Since then, a steady stream of major U.S. manufacturers -- including fellow blue chips United Technologies Corp (UTX.N) and 3M Co (MMM.N) -- have posted profits that topped Wall Street's expectations and hiked their forecasts for the year.

AHEAD OF SCHEDULE

"We are able to restore the GE dividend at a historical payout level for 2010 earlier than previously anticipated and to extend our share buyback program because of continued strong cash generation, recovery at GE Capital, and solid underlying performance in our industrial businesses," GE Chief Executive Jeff Immelt said in a statement.

GE shares were up 49 cents or 3.2 percent at $15.70 on the New York Stock Exchange on Friday afternoon.

"I didn't think it was this quarter," said Jack De Gan, chief investment officer at Harbor Advisory Corp in Portsmouth, New Hampshire, which owns GE shares. "What it tells me is they have a lot more confidence in their cash flow going forward than they had even a couple of months ago."

GE executives including Immelt have been talking about raising the dividend in line with earnings growth since December 2009 when the company signed an agreement to sell a majority stake in its NBC Universal media business to No. 1 U.S. cable operator Comcast Corp (CMCSA.O).

Analysts had forecast the company could raise its dividend by as much as 25 percent. GE Chief Financial Officer Keith Sherin said last week the company aims to pay out roughly 45 percent of its profit to shareholders through the dividend.

MORE TO COME?

Titche of AMBS said the size of the hike suggested that the company could have plans to raise it again in the coming year, if business conditions hold up.

"The fact that this was so incremental implies to me that they may do it even more often than yearly," he said. "It would not surprise me to see them incrementally increase it again sooner than a year from now.

Fairfield, Connecticut-based GE expects to end the year with about $25 billion in cash, including the proceeds of the NBC sale. A portion of that is earmarked to buy back the $3 billion in preferred shares the company sold Warren Buffett's Berkshire Hathaway Inc (BRKa.N) in October 2008.

Debt-ratings agency Moody's Investors Service said on Friday that its current "Aa2" rating on the company would not be affected by the increase in the dividend.

GE slashed its dividend by 68 percent during the financial crisis, a move to save the company about $9 billion a year at a time when it needed to conserve cash to handle rising losses at its GE Capital finance business.

The cut, which came around the time that GE lost its coveted triple-A credit rating, had been widely anticipated by Wall Street. Still, investors blasted the move, and dragged Immelt over the coals for about two hours at the company's 2009 annual meeting to decry the cut.

GE shares are up about 30 percent over the past year, outpacing the 13.5 percent climb of the Dow Jones industrials average (.DJI).

(Reporting by Scott Malone, additional reporting by Nick Zieminski in New York; editing by Gerald E. McCormick and Matthew Lewis)
 
GE, China’s Harbin Form Wind Venture in Biggest Market

By Rachel Layne - Sep 27, 2010

General Electric Co., the world’s second-biggest maker of wind turbines, formed a joint venture with China’s Harbin Power Equipment Co. to make and supply equipment in the world’s biggest market.


GE, whose power-generation equipment supplies a third of the world’s electricity, sees the $13 billion wind market expanding sixfold to 150 gigawatts by 2020, the Fairfield, Connecticut-based company said in a statement today. The venture is with Harbin Power’s subsidiary, Harbin Electric Machinery Co.

GE Chief Executive Officer Jeffrey Immelt is expanding partnerships in China in areas that include aviation, health care and energy. He’s pointed to the country as one with a consistent energy policy that allows for rapid clean energy development. The wind venture will make equipment for projects including offshore developments using direct-drive, or gearless, technology, a market GE has also targeted in Europe.

The venture announced today expands Harbin’s relationship with GE. Harbin has teamed with the U.S. company to provide heavy-duty gas turbines since 2004, Gong Jing Kun, chairman of Harbin Electric, said in the statement.

GE is the world’s biggest maker of power-generation equipment and is No. 2 in wind turbines behind Randers, Denmark- based Vestas Wind Systems A/S. Wind provided about $6 billion of the GE Energy Infrastructure’s $37 billion and parent company’s $156.8 billion in total revenue last year.

The company is also the world’s biggest maker of jet engines, medical-imaging equipment and locomotives and gets about $6 billion of sales from China, Immelt told investors in April.

:cool:
 
Aumento del dividendo trimestrale GE

Nel prox mese di Ottobre 2010 General Electric mette in pagamento una cedola trimestrale di 12 cent ... ossia del 20% superiore alla precedente di 10 cent ... ! :cool:

Ottimo segnale per i mercati sul futuro dei prox bilanci GE ... ! OK!
 
Scoperto l'arcano, analizzando meglio il documento SEC 10-Q del primo trimestre ho capito dov'è inghippo. Non hanno fatto transitare a conto economico le perdite su cambi, 2,4 miliardi di dollari "andati in fumo" nel Q1.
Nel Q2 ancora mancano i dati approfonditi ma probabile che ci sia un andamento analogo. Comodo però, metto le perdite su cambi nell'Other comprehensive income e poi vado a farmi bello con gli investitori di aver earnato 5 miliardi di dollari, non fa una piega :D

Le perdite sui cambi sono virtuali in quanto variano ogni trimestre con le oscillazioni delle valute ... ora a favore ora a sfavore ...

Per chi ha attività in più divise, ma riferisce i bilanci ad una sola valuta, è ovvio che un trimestre guadagnerà di più su un'area geografica ed un altro trimestre guadagnerà di meno ... :cool:
 
Per chi ha attività in più divise, ma riferisce i bilanci ad una sola valuta, è ovvio che un trimestre guadagnerà di più su un'area geografica ed un altro trimestre guadagnerà di meno ... :cool:

Forse non hai colto la sottigliezza. E' ovvio che i ricavi e l'utile saranno sensibili ai rapporti di cambio; se ho il bilancio il $ e i ricavi in € con il rialzo dell'$ ho delle perdite su cambio che condizionano l'utile. Qui invece si tratta di non far transitare le perdite su cambio a conto economico; in pratica di nasconderle per aumentare gli EPS e magari prenderci su un Bonus per il managment. :cool:

Guarda Intel invece, più dell'80% dei ricavi è fuori dagli USA, eppure non mi pare che giochino a nascondino con le perdite su cambi... :cool:
 
Forse non hai colto la sottigliezza. E' ovvio che i ricavi e l'utile saranno sensibili ai rapporti di cambio; se ho il bilancio il $ e i ricavi in € con il rialzo dell'$ ho delle perdite su cambio che condizionano l'utile. Qui invece si tratta di non far transitare le perdite su cambio a conto economico; in pratica di nasconderle per aumentare gli EPS e magari prenderci su un Bonus per il managment. :cool:

Guarda Intel invece, più dell'80% dei ricavi è fuori dagli USA, eppure non mi pare che giochino a nascondino con le perdite su cambi... :cool:

Va bene, accetto la sottigliezza, ma questo dettaglio non deve preoccupare più di tanto ... ?!
L'importante è che nel complesso GE si stia incamminando sulla strada del rilancio, con aumento progressivo del fatturato e degli utili ... pur con le dovute precisazioni ... :cool:

Però un interrogativo sulla questione rimane ... ?! :confused:
Se appare così evidente la "furbizia contabile" ... perchè nessuno (analisti, giornalisti, etc...) si alza in piedi a reclamare maggior correttezza ...!? :rolleyes:
 
GE to buy Dresser for $3 billion

NEW YORK (MarketWatch) — General Electric Co. said Wednesday that it will buy Dresser Inc. for $3 billion in a move to expand its energy-equipment portfolio of low-emission gas engines for industrial use.

No closing date was specified, but it’s expected to occur quickly after regulatory approval.

Addison, Texas-based Dresser makes parts for gas engines and equipment that controls the flow of gas and fuel. It operates in more than 100 countries and earned $318 million last year on revenue of $2 billion.

About 85% of its revenue comes from energy customers.

“Dresser has a global franchise and brand with 60% of revenues outside of North America, which will be accelerated by GE’s global footprint,” said John Krenicki, chief executive of GE Energy, in a statement.

The acquired company’s product portfolio will give GE /quotes/comstock/13*!ge/quotes/nls/ge (GE 16.93, +0.42, +2.55%) more low-emission, fuel-flexible drive engines for petrochemical, mining, manufacturing, and power-generation customers.

GE Energy had revenue of $40 billion in 2009.

Barclays Capital was GE’s financial adviser on the deal.

Elsewhere, subsea-pipeline provider Wellstream Holdings Plc /quotes/comstock/23s!e:wsm (UK:WSM 764.00, -16.00, -2.05%) rejected a $1.19 billion bid from GE. Read more about GE’s bid for Wellstream on WSJ.com.
 
Il fatto che GE ricominci a macinare acquisizioni è davvero un buon segno.
 
General Elettric: acquista Dresser per 3 miliardi

General Elettric investe 3 miliardi per Dresser, ne ha altri 30 da spendere

07 ottobre 2010 ore 16:18

Il colosso americano General Elettric ha annunciato l’acquisto di Dresser, società delle infrastrutture energetiche, per 3 miliardi di dollari.
Ge ha ancora 30 miliardi di dollari da investire per nuove acquisizioni.

:cool:
 
Interessante notare che, nonostante l'acquisizione, il titolo GE e' salito... di solito succede il contrario :cool:
 
Interessante notare che, nonostante l'acquisizione, il titolo GE e' salito... di solito succede il contrario :cool:

Il mercato di WS sembra impostato ad un moderato ottimismo in attesa delle trimestrali del 3Q ... e GE beneficia del clima positivo generale ... :cool:


PS
Rectitude, courage, compassion, respect, honesty, honourability, loyalty. :o
 
General Electric Co. is expected to report a 17% increase in profit when the conglomerate releases its third-quarter earnings on Friday.

Wall Street is forecasting a GE (NYSE:GE) third-quarter profit of 27 cents a share, or $2.92 billion for the three months ended Sept. 30, according to a survey of analysts by FactSet Research. Analysts expected the conglomerate to report revenue of $37.7 billion.

In the year-ago period, GE reported net income of $2.5 billion,or 22 cents a share, on revenue of $37.8 billion.

Euro will rise ahead of G20Central bank flows will push the euro higher unless the G20 comes up with a currency accord that slows reserve diversification by emerging market central bankers eager to keep their currencies down.
Deutsche Bank analyst Nigel Coe said he expects that GE’s primary driver for earnings growth will be its GE Capital unit, which was hard-hit during the financial crisis.

Coe said in a recent note to clients that GE Capital’s loan loss provisions will fall by about $1 billion to $1.9 billion, boosting the unit’s bottom line despite an expected drop in asset values.

Weighing on GE will be its industrial components unit on lower wind turbines and locomotives revenue, offset by health care strength.

While U.S. expectations for growth in U.S. gross domestic product remain modest, economic expansion has been taking place at a more robust pace in China and India as the world works its way out of a recession.

By virtue of its big presence in overseas markets and lower expenses, GE is expected to outpace the U.S.’s sluggish growth with its latest profit update.

Through its wide array of medical products, real estate, loans, jet engines and media, GE comprises a broad slice of the industrial and financial service economy.

While GE’s third-quarter report reflects its performance up to Sept. 30, the conglomerate has already made some major moves early into the fourth quarter.

On Oct. 6, GE said it would spend $3 billion to buy privately held Dresser Inc., a global energy infrastructure technology and service provider.

On the same day, GE Capital paid an undisclosed sum to buy $1.6 billion in assets in sales finance portfolios from Citi Retailer Partner Cards.
 
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