Interesting article that was written by a Chartered Financial Analyst with no axe to grind.
His summary as follows:
You should avoid this company or risk losing your entire investment.
CHC Group's reporting is misleading investors.
The company's governance and shareholder protections are very weak.
CHC is losing money, and its balance sheet is highly levered, especially if lease-debt is included.
Of greater interest is that he forecasts CHC to run out of cash in 4 months and to run out of liquidity in 15 months. He believes that if CDR are not prepared to throw more money at this then CHC will likely go into bankruptcy proceedings.
In my opinion, CHC's financial situation (real or perceived) must now be impacting on it's ability to attract new business?