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BRS stock crashing

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BRS stock crashing

Old 12th Feb 2019, 11:44
  #41 (permalink)  
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Mr. Baliff will be entitled to: (a) severance of $1,442,000, equal to two times Mr. Baliff’s base salary;

he also has options to purchase a lot of stock..... I imagine he probably wonít bother with that!.

Bristow strategy has been to wait for the smaller operators to go under and then mop up the trade... how arrogant.
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Old 12th Feb 2019, 13:07
  #42 (permalink)  
 
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I hope all the Bristow pilots made redundant get a severance of two times their base salary.

Difficult to comprehend how the top guy in a company can get paid so much money for losing so much more money.
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Old 12th Feb 2019, 13:10
  #43 (permalink)  
 
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Columbia got a nice severance package.....20 Million Dollars!

Just a bit less than one Month's Gross Revenue from its operations last year
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Old 12th Feb 2019, 14:37
  #44 (permalink)  
 
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Under $2 at opening, barely $70M Market Cap...


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Old 13th Feb 2019, 07:42
  #45 (permalink)  
 
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Can someone translate into plain English?
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Old 13th Feb 2019, 08:21
  #46 (permalink)  
 
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Yes they cooked the books and now are up sheet creek minus a paddle
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Old 13th Feb 2019, 08:23
  #47 (permalink)  
 
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Easy.

Translation:- "We are trying everything we possibly can to make it seem that the company is viable not completely doomed as it would appear. We are also trying to stave off the share price disappearing altogether while we pay a MASSIVE undeserved severance package to the outgoing CEO that has done NOTHING to save the operation."

If Baliff had any decency he would forego his payout and leave quietly but, he won't.

Last edited by Evil Twin; 13th Feb 2019 at 10:47.
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Old 13th Feb 2019, 09:50
  #48 (permalink)  
 
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^^ hear hear. Not $1 of profit under his tenure.

LZ
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Old 13th Feb 2019, 10:53
  #49 (permalink)  
 
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SASless at post #27 gets my vote for having a crack at running the company. He'd do more constructive things in the first 9 minutes than the previous incumbent did in 9 years. If not $1 profit in 9 years is true would be an utter disgrace and the whole Board should hang their heads in shame for lack of prudent oversight.
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Old 13th Feb 2019, 11:54
  #50 (permalink)  
 
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It makes. you wonder if some genuinely smart guy with serious money will come along and start buying up some of these large companies that are in severe distress and cobble together a single operation that can begin to compete effectively and run profitably.



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Old 13th Feb 2019, 12:29
  #51 (permalink)  
 
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gullibell,
He would get my vote as well!!
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Old 13th Feb 2019, 12:32
  #52 (permalink)  
 
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Is it not about time that Helicopter operators start kicking back against these highly profitable oil giants?

In the downturn the contracts were cut so fine that they were barely profitable, if at all. Now companies like Shell are posting 36% year on year profit increases to an astonishing $21bn, isnít it about time we all worked together to force these costs back up?

CHC had to file, Bristows look like they are near it. 2 of the lead pack were/are in trouble due to these cuts. Surely itís time to fight back? They have to take some responsibility in the demise of Helicopter operation profitability.

Does anyone know how profitable contracts are in 2019 in comparison to how they were back in 2015/16?
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Old 13th Feb 2019, 12:56
  #53 (permalink)  
 
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Originally Posted by Mitchaa View Post
Is it not about time that Helicopter operators start kicking back against these highly profitable oil giants?

In the downturn the contracts were cut so fine that they were barely profitable, if at all. Now companies like Shell are posting 36% year on year profit increases to an astonishing $21bn, isn’t it about time we all worked together to force these costs back up?

CHC had to file, Bristows look like they are near it. 2 of the lead pack were/are in trouble due to these cuts. Surely it’s time to fight back? They have to take some responsibility in the demise of Helicopter operation profitability.

Does anyone know how profitable contracts are in 2019 in comparison to how they were back in 2015/16?
Unfortunately you're up against mega corporations who get their own way. Every time we went down to a duopoly on the North Sea, the oil majors went and facilitated someone to come in (eg Bond in the early 2000's). There's always someone willing to do it for a slimmer margin when they see the incumbents making decent profits. In the end everyone loses (apart from the oilco). BRS suffered a further disadvantage when CHC went into Ch11. Time for them to do the same probably. Rinse/repeat.
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Old 13th Feb 2019, 18:58
  #54 (permalink)  
 
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Originally Posted by Non-Driver View Post
Unfortunately you're up against mega corporations who get their own way. Every time we went down to a duopoly on the North Sea, the oil majors went and facilitated someone to come in (eg Bond in the early 2000's). There's always someone willing to do it for a slimmer margin when they see the incumbents making decent profits. In the end everyone loses (apart from the oilco). BRS suffered a further disadvantage when CHC went into Ch11. Time for them to do the same probably. Rinse/repeat.
I thought they tried to file CH11 shortly after CHC but were turned down.
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Old 13th Feb 2019, 20:06
  #55 (permalink)  
 
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Collapsed a lot again today. Currently at $1.13

If I remember correctly from the time CHCís shares went in to decline, if they drop below $1 they are given a 30 trading day warning to increase that above $1 again (dilution of shares?) If after the 30 trading days its still below $1 itís then delisted from the NYSE.
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Old 13th Feb 2019, 20:14
  #56 (permalink)  
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Correct . 30 days less than a dollar and de listed from NYSE. Management might just pull the plug before 30 days though.
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Old 13th Feb 2019, 21:56
  #57 (permalink)  
 
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Vultures circling

https://uk.finance.yahoo.com/news/in...160600020.html
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Old 13th Feb 2019, 23:28
  #58 (permalink)  
 
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Helicopter Operators stand together.....surely you jest!

They cut their rates in a flash in order to keep their machines flying....even at a loss at times.

Rather than just walk away from a contract that does not allow for a proper profit.....they all race to the bottom.
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Old 14th Feb 2019, 02:32
  #59 (permalink)  
 
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Mitchaa wrote:

Does anyone know how profitable contracts are in 2019 in comparison to how they were back in 2015/16?
New bid contracts in the recent cut throat era, probably not so profitable. Longer term contracts have built in escalations which protect the helicopter operator against general inflationary increases, OEM hourly price rises and even price rises caused by pilot and engineer pay rises under union contracts. If the bid price was right to begin with, they should make reasonable money. In 2014, helicopters were in demand and contract prices were peak. If a helicopter operator can't make money under older long term contracts then they either didn't bid the right price or don't manage their business very well.

There is a rule of how many non pilots and engineers you can have hanging off the skids before your helicopter won't get airborne. Guess what, $ million dollar salaries even for CEOs are very heavy. Even if its managed properly, the helicopter business doesn't enough money to have layers of "management" on multi million $ salaries.
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Old 14th Feb 2019, 04:18
  #60 (permalink)  
 
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5 will get you 10 Bristows wonít enter Chapter 11. The first hearing is convincing the court appointee that the company has sufficient liquidity to see the company through a restructuring process - I suspect Bristows Are well past that milestone and are heading for Chapter 7 rather than Chapter 11.

Additionally, Chapter 11 paid off for CHC as they had a high proportion of idle leased fleet assets; Bristows have a different fleet profile and wonít reap the same benefits of court appointed restructuring.

They either need to raise a significant amount of cash very quickly, or enter Chapter 7 bankruptcy. Fingers crossed itís the former, but I canít really see it.
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