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Started By
Message
Will PHI declare bankruptcy?
Posted on 3/11/19 at 10:03 am
Posted on 3/11/19 at 10:03 am
PHI has $500M in bonds coming due this Friday, will they find a way to cover?
2
Posted on 3/11/19 at 4:34 pm to BitBuster
PHI has $500M in bonds coming due this Friday, will they find a way to cover?
The stock is at $20 dollars a share. I'd say no they will not be going bankrupt.
The stock is at $20 dollars a share. I'd say no they will not be going bankrupt.
Posted on 3/11/19 at 7:14 pm to whodatigahbait
That $20 PHI is Philipine Long Distance Telephone.
PHI helicopters is PHIIK (common stock) and PHII (voting stock).
I was talking about the helicopter company since they are based out of Lafayette.
PHI helicopters is PHIIK (common stock) and PHII (voting stock).
I was talking about the helicopter company since they are based out of Lafayette.
Posted on 3/11/19 at 8:28 pm to BitBuster
their 10k from 2018 shows they dont have much cash..
Posted on 3/11/19 at 8:54 pm to BitBuster
from their last 10k, it looks like they will have to. 5.8MM in cash.. ouch.. who has 77MM in spare parts wow.
Posted on 3/12/19 at 7:25 am to b-rab2
It's dire. I know they were hoping for a white knight or for someone to purchase their air medical division, but I don't see that happening the week of.
Posted on 3/12/19 at 7:31 am to BitBuster
Do you know what is killing them? surely they would have shifted with oil activity?
Posted on 3/12/19 at 8:23 am to b-rab2
They have a ton of helicopter assets that they couldn't liquidate for cash. Fracking killed the Gulf. Their air medical division can't stay profitable. Their foray into international ops has been mixed. They had a lot of challenges they couldn't overcome.
Posted on 3/12/19 at 12:37 pm to BitBuster
Their short ratio is around 5.25. Generally, a short ratio above 5 indicates that a positive catalyst could trigger an epic short squeeze.
Say they secure some new line of credit this montn....PHII could pop nicely.
Thoughts?
Say they secure some new line of credit this montn....PHII could pop nicely.
Thoughts?
Posted on 3/12/19 at 1:21 pm to TDFreak
If they get rescued they certainly could have a nice pop. However, I'm of the opinion that if they were going to be saved, it would have happened by now. What are their legal options besides bankruptcy?
This post was edited on 3/12/19 at 1:54 pm
Posted on 3/12/19 at 9:47 pm to BitBuster
Seems like Ch. 11 and a debt restructure is imminent.
Same goes for Bristow too. They are worse off it seems.
I wouldn’t say I smell a merger but it could save both companies if they streamline. The GOM helo market is saturated.
Same goes for Bristow too. They are worse off it seems.
I wouldn’t say I smell a merger but it could save both companies if they streamline. The GOM helo market is saturated.
Posted on 3/13/19 at 6:08 am to jcaz
Not sure about their stock and bankruptcy situation, but I know this. A group of 4 year olds could run the day to day operations better then arse hats they have there now.
Posted on 3/13/19 at 7:42 am to jcaz
PHI and Bristow would never merger if it were up to them. Too much bad blood. They've been competeting for contracts for decades.
Posted on 3/13/19 at 7:53 am to RoyBoy2323
It is amazing bad how the one in boothville operates.
This post was edited on 3/13/19 at 8:20 am
Posted on 3/14/19 at 10:04 pm to whodatigahbait
quote:
PHI has $500M in bonds coming due this Friday, will they find a way to cover?
Friday is here. Anyone hear what the answer is?
Posted on 3/14/19 at 10:27 pm to TDFreak
I’ll try and get some info tomorrow. Not too tight with the PHI group but I know someone will hear something
Posted on 3/15/19 at 7:41 am to jcaz
What's gonna happen to the PHIIK common stock today? Bloodbath?
Posted on 3/15/19 at 8:37 am to jcaz
Chapter 11...just like you predicted. I wasn’t sure if they would work out better terms on their debt and extend it. Sounds like the bond holders are playing hardball.
Yes. Should be an interesting day to see if bankruptcy was already baked-in to the stock price.
Yes. Should be an interesting day to see if bankruptcy was already baked-in to the stock price.
Posted on 3/15/19 at 8:38 am to TDFreak
And........it was NOT baked in.
Bloodbath: [ON] off
Bloodbath: [ON] off
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