Senior Share Discussion Threads

[broadwood] 25/2/2013 08:40

Off to the races now.

[broadwood] 25/2/2013 08:10

First market reaction positive. New all time highs.

[broadwood] 25/2/2013 07:09

From Chairman - 'although some other markets are anticipated to be more challenging' - only negative I can see.


As we enter the start of a new year, Senior's most important end-market, large commercial aerospace, remains strong and, although some other markets are anticipated to be more challenging, the Group continues to expect to make further progress during 2013. Looking further ahead, a healthy number of new aerospace programmes going into production, together with expected market share gains in both the Aerospace and Flexonics Divisions, mean the outlook for Senior remains encouraging

[broadwood] 25/2/2013 07:07

Margin improvement continuing and 22% increase in dividend.

Commenting on the results, Mark Rollins, Group Chief Executive of Senior plc, said:

"2012 saw Senior deliver another year of record results. Adjusted profit before tax increased by 17% and adjusted earnings per share by 22%, driven by revenue growth and a strong first year's performance from the recently acquired Weston business. Continued healthy operating cash flows resulted in a net debt to EBITDA ratio of only 0.6 times at year-end, leaving the Group well placed to fund future organic and acquisitive growth. Trading has been in line with expectations since the start of 2013 and this, combined with healthy longer-term prospects for the Group, gives the Board the confidence to recommend a 22% increase in the full year dividend for 2012, in line with the increase in adjusted earnings per share

[broadwood] 25/2/2013 06:53

Stand by your beds.

[gco1133a] 22/2/2013 13:36

Results on Monday

[broadwood] 22/2/2013 13:21

Standard Life now over 5%.

[broadwood] 22/2/2013 09:37

Boeing execs meeting with the Aviation authority today to try to get permission to fly the Dreamliner again after battery modifications.

SENR up a little bit.

[gco1133a] 06/2/2013 15:44

My understanding is that they can store 50-60 at Pain field, which is several months production. Boeing also has another new facility which it could use for storage. So I would guess production will not stop unless it becomes clear that a major redesign is required.

[broadwood] 06/2/2013 15:02

gco - the market agrees with you, for the present at least.

My worry is that they seem nowhere near identifying the problem so it would seem only a matter of time before they had to slow production.

Worst case scenario I appreciate.

[gco1133a] 06/2/2013 14:35

Boeing hasn't as yet slowed production of the Dreamliner and is still planning
to ramp up production later this year so at the moment the grounding won't have any effect.

[broadwood] 06/2/2013 10:38

25 Feb is the date for the finals.

Price pretty firm so far today.

Still have Dreamliner delay doubts but seems the market doesn't.

Needless to say I'm a long term holder and shall remain so - unless dramatic news on 25th.

[mazarin] 20/1/2013 21:56

From ADVFN Trades these mysterious 3 trades are listed on 18/01/13 that show the 5p jump that existed for only a few seconds:
No Price Size Bid Offer Buy Vol Sell Vol
282 6883937008 218.0 2600 AT 213.1 218.0 11:49:36 2,600 187,321 84,971 3,063
283 6883937008 218.0 3636 AT 218.0 220.8 11:49:36 3,636 187,321 88,607 3,063
284 6883937008 218.0 3636 AT 218.0 219.3 11:49:38 3,636 187,321 92,243 3,063

Presumably they're all 'Buys' but none are especially large amounts.

[broadwood] 18/1/2013 12:41

Fat finger just before midday?

[broadwood] 18/1/2013 12:39

I'm surprised the shares have reacted so well in view of the Dreamliner news. Must admit I thought they would get a savage markdown until the problems were sorted.

[mazarin] 16/1/2013 17:19

I am assuming today's SNR's sell-off is on he back of JAL & ANA's decision to ground their 787 fleet in the wake of the latest succession of Dreamliner faults. It has also had a negative impact on Boeing. Commentors suggest its yet another 'market' over-reaction and that provided the problems can be identified and sorted that there's plenty of upside ahead.

[nofool] 02/1/2013 18:20

jlo10 12 Dec'12 - 07:57 - 2272 of 2275 0 0

May not be full of jolly statements but it's a good update.
Everything as expected (and they mostly expected good and EPS progress) and cash is better than expected.
Today's market reaction is unpredicatable but medium term should be moving up





jlo10, you're no fool.

[honiton2] 30/12/2012 22:20

Think i will buy some of these little beauties

[jlo10] 12/12/2012 10:36

I like it when you're wrong

Investor Chronicle says
Engineer Senior (SNR) continues its recent strong track record with another solid trading statement. Buy.

[honiton] 12/12/2012 09:35

Wrong again.

PS You never lose monmey by being too pessimistic!

[jlo10] 12/12/2012 07:57

May not be full of jolly statements but it's a good update.
Everything as expected (and they mostly expected good and EPS progress) and cash is better than expected.
Today's market reaction is unpredicatable but medium term should be moving up

[honiton] 12/12/2012 07:50

broadwood

I disagree. Thought rather downbeat.

[broadwood] 12/12/2012 07:10

Saitisfactory enough update. Should reassure.

Outlook
With market conditions largely as anticipated, the Board continues to expect 2012 adjusted profit before tax(1) to be in line with its previous expectations and, assuming no further deterioration in market conditions, to make further progress in 2013 and beyond.
The Group intends to issue its 2012 full year results announcement on Monday 25 February 2013.

[broadwood] 12/12/2012 06:47

Results this morning.