BRS stock crashing
Join Date: Dec 2006
Location: UK and MALTA
Age: 61
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I agree with Phone Wind. What the hell happened to "I earn X, so I spend Y". 2 of the biggest helicopter operators in the world have trashed their finances during a time over the last 15 years when it was not difficult to make a profit. Granted the last few years have been hard but where did all that money go that was earned while the sun was shining?
I’m just a poor old retired dinosaur, but my other half is involved in investigating fraudulent bean counters and when I mentioned this to her, she told me that a lot of failing businesses focus on highlighting EBITDA because it minimizes the impact of factors outside of their scope of control and focuses only on what can be controlled.
Ironically, by the time the rates supported the new tech that new strategy backfired by keeping more expensive assets on the B/S than our major competitor who took advantage at the downturn and EC225 groundings through Ch11 lease walk-aways.
Someone is being a very naughty boy!
Shame there is no "Like" feature. here at Rotorheads!
Shame there is no "Like" feature. here at Rotorheads!
I agree with Phone Wind. What the hell happened to "I earn X, so I spend Y". 2 of the biggest helicopter operators in the world have trashed their finances during a time over the last 15 years when it was not difficult to make a profit. Granted the last few years have been hard but where did all that money go that was earned while the sun was shining?
I agree with Phone Wind. What the hell happened to "I earn X, so I spend Y". 2 of the biggest helicopter operators in the world have trashed their finances during a time over the last 15 years when it was not difficult to make a profit. Granted the last few years have been hard but where did all that money go that was earned while the sun was shining?
Senior management seem to think that Bristow was a multi billion $ international airline and spent accordingly.
Join Date: Sep 2017
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I see the stock plunged again after trading finished yesterday to around 70 cents after the latest update on their filing.
Looks grim, legal firms appointed to assist ‘turnaround’ etc non payment of interest on unsecured bonds. Surely suppliers must be getting twitchy now?
Wonder how much of a battering it will take today?
Looks grim, legal firms appointed to assist ‘turnaround’ etc non payment of interest on unsecured bonds. Surely suppliers must be getting twitchy now?
Wonder how much of a battering it will take today?
Godot isn’t coming.
Appears Bristow’s are pushing debt back whilst they continue to burn cash; I’m not sure what light they can see in the tunnel, but I suspect it may turn out to be the oncoming 10.15 reality express. The oil price may be up, but the market is still saturated with assets.
Appears Bristow’s are pushing debt back whilst they continue to burn cash; I’m not sure what light they can see in the tunnel, but I suspect it may turn out to be the oncoming 10.15 reality express. The oil price may be up, but the market is still saturated with assets.
I'm trying to wrap my head around these numbers: BRS earnings per share = minus $10.17, at a net loss per share of $2.40, on a share that is currently worth $0.56. Bristow Group CEO Mr Miller says “If we become insolvent, investors in our common stock may lose the entire value of their investment in our business.” No kidding, pay that man a bonus!
They will do that you know.....