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Chorus Aviation Inc T.CHR

Alternate Symbol(s):  CHRRF | T.CHR.DB.B | T.CHR.DB.C

Chorus Aviation Inc. is a global aviation solutions provider and asset manager, focused on regional aviation. The Company’s primary business activities include contract flying, managing aircraft on behalf of fund investors and other third-party aircraft investors and/or owners, as well as maintenance, repair and overhaul services and pilot training. The Company operates through Regional Aviation Services segment. The Company offers contracted flying services within North America and also provides medical, logistical and humanitarian flight operations to Canadian and international customers. Its subsidiaries include Jazz Aviation LP, a regional airline in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation Corp., a provider of specialty charter, aircraft modifications, parts provisioning and in-service support services, and Cygnet Aviation Academy, an accredited training academy preparing pilots for direct entry into airlines.


TSX:CHR - Post by User

Post by maplakon Dec 20, 2024 7:14am
268 Views
Post# 36371709

Reverse split

Reverse split

destroyed shares holders value and cut potential
" future dividend " if any.  Let's assume you own 30 000 shares @ 3.30 . If they would introduce 2 cents dividend  you would be collecting  $ 600 a month and stock could be trading around $ 4  resulting over 20 % price appreciation. 

With reverse split of 3 you get 10000 @ 9.90 . With 2 cents dividend you are going to collect  $ 200 a month and to get 20 % price appreciation stock will have to go to $ 11.90. I am glad I have reduced my position while still in green and  bought more of my beaten up stocks already paying dividends. Still holding some shares in my wife's SDRSP no rush there to get rid of them but I am very disappointed. 

Unless my prognosis and calculations are wrong. 

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