Another worrying Quarter from CHC:
Year on year revenue down 18%
Some positive news from the restructuring. Losses down to $200m a year
With cash at $100m and credit lines of $450m they may have bought themselves an extension of time. For the sake of the industry, I hope they make it.
On the limited stock in public hands I think we have already had the 'dead cat' bounce from 35c to 80c (well done if you caught it). This is still a very long was from being a 'widows and orphans' stock and I will only watch it from the side lines.
Although..... I would not be surprised to see CD&R vacuum up some traded stock before Jan 2016 to try and keep CHC above $1 and retain the NYSE listing?