Senior Share Discussion Threads

[essentialinvestor] 22/4/2022 15:40

IF, emphasis on if, markets are in for a weaker spell MRO may be
available under £1.20 next week - barring some positive company specific news.

[roguetraderuk] 22/4/2022 15:37

EI, sold a few on the open but not yet back in. watching yesterdays low for now.

[netcurtains] 22/4/2022 15:29

Thanks - yes entire stock market appears to be down now.
I was doing OK this morning.
Not sure what the issue is.
Probably pick up on Monday.
Have a good week-end.

[essentialinvestor] 22/4/2022 15:02

net, issue with the sector atm is it gets hit hard on risk off days.
As mentioned yesterday sold a few Melrose which I've now bought back.
To to fair most will not have the time or inclination for that faffing about.
But it helps to reduce the holding average cost.

[netcurtains] 22/4/2022 08:53

Yesterdays fall due to short term profit takers. I guess this is letting in new buyers sniffing a bargain.

[netcurtains] 21/4/2022 19:46

Thanks for the MRO tip! Thanks.
I tend to hold for a few months and buy more on weakness (if I like the story).

[essentialinvestor] 21/4/2022 19:28

net, mentioned in the context of the very same BOD who turned down £2 a share.


Sold a small amount of MRO today which hopefully can add back lower,
but plans can fall through as so often they do!.

[netcurtains] 21/4/2022 19:26

Oh is this something that you have been waiting for - like a sign from on high that this is the time to buy?
😃😃

[gargoyle2] 21/4/2022 19:03

BOD = Board Of Directors

[netcurtains] 21/4/2022 17:27

Not sure what a BOD is but if you look at FTSE250 lots of airlines and associated companies went up quite a lot. The "market" thinks aviation is "in" again and SENIOR
does this:

Senior serves both the commercial aerospace and defence markets with a range of products and systems for fluid conveyance, gas turbine engines and structures. Our solutions are flying in virtually all military and commercial aircraft, numerous piston and jet engines, and are specified for missile and NASA programmes.

For more than 50 years, Senior Aerospace has provided engineered solutions for the rigorous challenges of bleed air duct systems, precision sheet metal fabrications, bellows, metal hose assemblies, and other pressure carrying components used by aerospace companies across the globe.

[essentialinvestor] 21/4/2022 15:16

No BOD buying on the back of yesterday's update.

[netcurtains] 21/4/2022 09:21

Why I like SNR:
a) Pre covid trading range was about £2
b) Its assets are "real" assets, not intangibles.
c) Its trading in markets that will probably grow (eg components for electric and hydrogen vehicles)
d) defence spending world wide will probably be heading upwards (Even in USA) due to tensions (Chinese potentially in Solomon Islands and Ukraine).
e)Its trading at miles UNDER the recent bid of £2. A bid of £2 implies that the bidder probably is thinking its really worth £3 or higher (eg they will want to make a profit too).

[netcurtains] 20/4/2022 15:15

SNR seems to be doing OK at present.

[essentialinvestor] 20/4/2022 14:24

net, already hold a few Melrose so SNR is a small position
as a big overlap in their respective markets.

SNR does come with an added bid possibility, but that alone not a reason to buy obvs.

[netcurtains] 20/4/2022 14:01

EI:
I dont think buyers buying now will be disappointed. Looking at its market, its products tend to be in areas that are set to expand for quite a few years to come.
IT has really good NAV value and a reasonable amount of cash.

[essentialinvestor] 20/4/2022 13:49

A tad fortunate with yesterday's very small buy as did not realise there
was a trading update today.

[netcurtains] 20/4/2022 10:04

For the uninitiated:
Senior is an international manufacturing group with operations in 12 countries. It is listed on the main market of the London Stock Exchange (symbol SNR). Senior designs and manufactures high technology components and systems for the principal original equipment producers in the worldwide aerospace & defence, land vehicle and power & energy market

[netcurtains] 20/4/2022 08:50

CT: I liked the fact that it's into parts for electric and hydrogen vehicles. These are the good potential growth markets.

[castleford tiger] 20/4/2022 08:36

the average upside is 1.64 and as high as 220p

[netcurtains] 20/4/2022 08:13

Interesting update.

[castleford tiger] 19/4/2022 18:13

I rate IAN King and he has cash on the table
tiger

[essentialinvestor] 19/4/2022 15:34

Back in for a very small amount.



Tiger, market remains unconvinced in the current leadership creating value?,
think that's a reasonable assessment myself.

To be fair to the BOD weakening global growth outlook not helping.

[castleford tiger] 19/4/2022 14:05

what about they are holding price sensitive infomation?

tiger

[dennisbergkamp] 11/4/2022 10:48

Likely 4, above all else… “not in shareholders interest” == “not in our interests”

D

[medieval blacksmith] 11/4/2022 10:31

If the BOD considered that Senior was worth more than £2 a share
then why are they not buying the shares hand over fist?.

Answer:

(1) They think the share price could go lower with world events as they are. Wait and pick up later for less; or
(2) They feel they have enough exposure to the company already by being employed and want to diversify; or
(3) They hope future incentive plans deliver them options to deliver their holdings; or
(4) The price offered wasn't enough to give up their obviously cushy and well remunerated jobs for.