If we were to head back in to recession and some of the huge
Airbus/Boeing backlogs begin thinning out, that may hit hard.
The industry has around 4 years of backlog work atm, from what I've read.
However much of that can still be cancelled pre production (is my understanding). |
I would not be too concerned about the MAX re Bodycote - unless it failed recertification.
What's weighing on the BOY price atm is car/light truck exposure, coupled
with their general industrial business- at least that's my take
Aerospace is less than 30% of their total business, so the MAX program
within that segment might be a few % ? - at a guesstimate. |
Just sold another few @ 6.9248. |
Boeing 737 Max Lion Air crash caused by series of failures |
Evening EI , you're almost turning into a day-trader ;-)
Well done :-) |
Hi Phil, hoping this may come back a bit.
Sold my MNG at the open btw, was slightly fortunate on timing. |
'Boeing reveals fresh MAX crisis earnings slump and fires plane boss'
The company brings in a fresh face to lead its troubled commercial planes division as the 737 MAX crisis takes its toll. |
Bought a small amount back on that opening dip. |
Sold another few this morning just in case the growing MAX crisis impacts sentiment.
Intend to add back lower down, if given the opportunity. |
At the earliest should be underlined.
Listening to one of the conference calls the CEO mentioned
no impact from the MAX atm as there was a significant lag of up
to 2 years on their input - at least that was my takeaway.
Surprised by that and wonder why SNR is seeing a more immediate
impact, the two companies must be involved at different process stages.
SNR may also have a higher exposure to the MAX programme perhaps?. |
Sold a few on the Brexit related bounce for the MCX. |
Nice start. |
Rob, I notice the CFO's other half bought a chunk just over £7 recently.
Need to be careful reading too much in to that, however better than a sale.
A lot depends whether this slowdown morphs in to recession.
The current share price may only factor in a slowdown. There is high operational
gearing here. |
you seem to be having a positive effect |
Nice intra-day reversal, added another few today between 6.39-6.46
The volatility here makes this unsuitable for those wanting a quieter life. |
Doubled up a small holding @ 6.42. |
SLA reducing. |
Bought a few at 6.96 recently, hoping for lower to add. |
Looks like a further delay to the MAX returning to service.
Not a surprise. |
'Crisis-hit Boeing warns airlines on 737 wing part'
The company says it is taking action after a batch of slat tracks used on wings were found to be potentially defective |
Perhaps should had a few yesterday!. Oh well. |
Yes, could be close :-)
Morgan Stanley upgrading to 'equal weight' from 'under weight' tp 800p cut from 830p |
TMB, luck with your holding.
Hi Phil, might be tempted to have a little nibble if this continues.
Made a low near 6.90 the last time. |
Boeing 737 Max could be grounded for months, says airline body |
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