Senior Share Discussion Threads

[spudders] 17/12/2019 08:43

Boeing effect kicking in 😩

[essentialinvestor] 15/12/2019 19:34

What it may indicate is the growth outlook for those businesses (and therefore
of Senior in its current form) may be less robust than current consensus indicates.
Now you can make a case that's already priced in.

[tricky1992000] 13/12/2019 16:14

Unloved this, didn't have much of a boris bounce....

[rogerrail] 09/12/2019 12:06

As I understand its not aerospace division for sale but aerostructures (ie Weston).

[essentialinvestor] 09/12/2019 10:55

The potential upside would be a bidder emerging for the entire company.
Otherwise, it's grim.

[essentialinvestor] 09/12/2019 10:48

This not good news.


That business was supposedly going to drive long term growth
with the booming aerospace market.

Mentioned a couple of months ago that I would question the quality of this division
with no growth forecast for 2020, while the wider aerospace market was still growing strongly.

It's dose of reality to the bull case for Senior imv.

[mr boatman] 09/12/2019 10:22

Not sure what this would leave Senior with ?

[philanderer] 09/12/2019 09:16

Market likes the idea of selling the Aerostructures business.

[spudders] 09/12/2019 07:17

Hmmm 🤔

[philanderer] 21/11/2019 07:52

Peel Hunt downgrading to HOLD..tp 175p. cut from 215p

[philanderer] 08/11/2019 13:30

8th nov JP Morgan 'neutral' tp 165p cut from 230p

[essentialinvestor] 08/11/2019 12:03

Reading between the lines they've let costs get out of hand imv.

MRO and BOY's aerospace divisions are producing record results.

You might ask the question...what happens to SNR when the aerospace markets slows? if they are already saying no growth in 2020 when the broader aerospace sector
is still booming.

No BOD buying at these levels atm.

[philanderer] 08/11/2019 00:04

'Senior responds to Boeing crisis'

[tricky1992000] 07/11/2019 17:24

Jefferies states buy £2.55 in a note issued today

hxxps://nctynews.com/senior-lonsnr-receives-buy-rating-from-jefferies-financial-group/

I don't rate broker notes that much though, merely a signpost for me.

[essentialinvestor] 07/11/2019 16:56

Just reading the statement again and they say aerospace will now see
a revenue decline in 2020. Even allowing for the Max situation the
overall aerospace market is still growing apace. They reference not rebidding
on certain contracts because of return hurdles. May point to
some weakness in their aerospace offering.

Airbus have something like a 4/5 year backlog atm.

Challenge to look at this in positive terms, whether all in the price ..?

[tricky1992000] 07/11/2019 16:45

We knew this was in the post, and so did the market, those quick enough to buy at 165p today would have been in and out in a flash.

[essentialinvestor] 07/11/2019 15:30

They expanded capacity with that big CAPEX spend just at the wrong time.
To be fair they MAX situ was unforseen.


BOY flying by comparison - pun intended.


Let's see if any of the BOD step in and buy.

[philanderer] 07/11/2019 10:06

" ....weakness in wide-body commercial aircraft engine demand and the impact of the 737 MAX situation."

[philanderer] 01/11/2019 13:28

'Qantas Grounds Three Boeing 737 Jets After Finding Cracks'

[philanderer] 29/10/2019 19:01

'Boeing accused of putting profit before safety by Senators'

[essentialinvestor] 29/10/2019 15:34

May be worth noting that SNR did not really participate in the recent bounce
by some engineering groups, the likes of MRO, VSVS well off lows.
Bodycote also up around 10% from the low point - BOY is better seen as
a service company though.

[tricky1992000] 29/10/2019 11:20

Bought into these today, along with SYNT (since it's in the convo) I also bought Cine and MCRO. Good luck to SNR and all those who sail in her. Senior has got good broker sentiment and I feel the share price will recover once the boeing max thingy is well in the rear mirror, PE is good as is cashflow. Revenue has risen steadily year on year. It's a steady stable company worth holding for an exit price I'd put in a stop loss at 240 once it's back above that price.