Recycling FUD

Discussion in 'Off Topic' started by bwilson4web, Aug 3, 2018.

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  1. bwilson4web

    bwilson4web Well-Known Member Subscriber

    Perhaps we should recycle the anti-Tesla FUD and replace with Tata Motors/Jaguar. For example, SEC filings:
    Form 6-K

    Cash flow, liquidity and capital resources

    Free cash flow was negative £1.7 billion after £1.1 billion of total product and other investment spending and £1.0 billion of seasonal working capital outflows in Q1 FY19. In the quarter, £967 million of investment spending was capitalised and £99 million was expensed through the income statement.

    Cash and financial deposits at 30 June 2018 stood at £2.8 billion (comprising £1.3 billion of cash and cash equivalents and £1.5 billion of other financial deposits) after the free cash flow, a £34 million net increase in the utilisation of a short-term debt facility and £225 million dividend paid to our parent TML Holdings Pte. Ltd. The cash and financial deposits include an amount of £386 million held in subsidiaries of Jaguar Land Rover outside of the United Kingdom. The cash in some of these jurisdictions is subject to impediments to remitting cash to the UK other than through annual dividends. As at 30 June 2018, the Company also had an undrawn revolving credit facility totalling £1.9 billion, maturing in July 2022, and £25 million equivalent of an unutilised short-term uncommitted receivable factoring facility.

    Tata/Jaguar is obviously burning through their credit cards. There is no way they are able to manufacture enough I-Pace to be any more than a 'green wash' car.

    Hey this can be fun! Cite a credible source and then make up a lie analysis . . . just like the Tesla FUDsters. The only problem is it eats one's soul and condemns them to become 'Orange' followers. Eroding truth can never be limited to some narrow area:

    Bob Wilson
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