JLR to be sold?
#2 Re: JLR to be sold?
Eeek! It's bad enough that they already lump all the Jaguars and Land Rovers together in the Goodwood Revival car park. Don't tell me we're now going to have to muck in with all the Peugeots and Citroens as well.....
1969 S2 FHC - 1R20258
1993 Lancia Delta HF integrale Evo II
1993 Lancia Delta HF integrale Evo II
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#3 Re: JLR to be sold?
I think Callum has lost the word Grace from the Jaguar ethos maybe the French will instil some "Je ne sais quoi"
S2 FHC Light Blue
S2 OTS LHD - RHD full restoration
S2 OTS LHD - RHD full restoration
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#4 Re: JLR to be sold?
I have not looked at PSA accounts this year, but when I last looked at them at the time of the Opel/Vauxhall takeover I thought that such a transaction would put an enormous strain on their already not very strong finances. The Balance Sheet at that time was heavily dependent upon a huge amount of unsold stock of vehicles actually realising their nominal value . I cannot believe that there is any smaller strain in this postulated transaction, ( unless it is in fact a reverse takeover : TATA could swallow PSA out of this week's petty cash ) and further I believe that the Competition and Markets Authority would take a close look at it in any event.
Edit : I have now looked at the Groupe PSA accounts for 2018. Net current liabilities were about 1.8 billion Euros,( roughly speaking non-cash current assets being 12.2 billion E, cash being 16 billion E, and current liabilities being 30 billion E ) which was an improvement on 2017 when net current liabilities were about 3 billion, but the overall debt/equity ratio is about 3:1 . I can hardly think that Tata would accept paper for JLR, having invested huge amounts in it, and thus there would be a huge amount of cash to be found by PSA, and given the net current liability position I do not think it would be wise to use the present cash resources .
Edit : I have now looked at the Groupe PSA accounts for 2018. Net current liabilities were about 1.8 billion Euros,( roughly speaking non-cash current assets being 12.2 billion E, cash being 16 billion E, and current liabilities being 30 billion E ) which was an improvement on 2017 when net current liabilities were about 3 billion, but the overall debt/equity ratio is about 3:1 . I can hardly think that Tata would accept paper for JLR, having invested huge amounts in it, and thus there would be a huge amount of cash to be found by PSA, and given the net current liability position I do not think it would be wise to use the present cash resources .
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#5 Re: JLR to be sold?
The jaguar in the claws of the lion
Ralph
'69 OTS + '62 OTS - Belgium
'69 OTS + '62 OTS - Belgium
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