Senior Share Discussion Threads

[casholaa] 29/6/2022 13:59

US M&A activity fell by 40% this past year. If Lone Star came back, the offer may not be as good as before.

[gargoyle2] 29/6/2022 11:40

Dear Mr King, will you please give Lone Star another call..?

[casholaa] 22/6/2022 20:22

The share price has held about 30p of the share price before the offer frenzy occurred. I got out at 165ish. What is needed is another offer, the share price hasn't delivered so, what reason would management give this time for the rejection of any offer??

[gargoyle2] 22/6/2022 20:04

Looking at the management here. King became chairman April 2018 (when share price was around 295); Squires became CEO June 2015 (SP 310); Foyle became CFO July 2017 (SP 245). Yes, we've had covid, and the rejection of the 200p Lone Star bid suggested that management had a plan, but surely if we're not back above 200p relatively soon, then the major shareholders do need to be asking for change of management imo.

[gargoyle2] 21/6/2022 22:07

We should have a post-close trading update in the first week of July. If we are 'in line' or better, than I'd hope we can finally move up from the 120s. I'm hoping for an 'ahead of expectations', even just 'marginally'.

[netcurtains] 21/6/2022 20:31

SS: I dont think so, this share has been over £3 - surely a take-over should be above the recent highs not 30% below.

[sooty snipes] 21/6/2022 20:09

How good does that 2 quid a share look now? Directors were serving their own interests when they turned it down.

[gargoyle2] 21/6/2022 08:26

EZJ buying 56 Airbus A320 aircraft -- SNR had 17% of its aerospace revenues last year from the A320 platform

[netcurtains] 10/6/2022 15:52

Big news for firms in the aerospace industry:

[netcurtains] 09/6/2022 16:16

Senior PLC Acquisition of Spencer Aerospace

[netcurtains] 09/6/2022 14:03

Melrose esque

[netcurtains] 06/6/2022 08:07

CHRT and SNR both open up this morning.

[netcurtains] 30/5/2022 08:42

I guess both have some defence links - and share price in both rising.
Just some slight overlap.
I don't have a complex algorithm that can compare firms plant by plant and customer by customer if that is what you mean.
Very rough sector overlap and rough prices seem slightly linked in rise and falls.

[netcurtains] 27/5/2022 07:56

company in a similar sort of field reported today:

[netcurtains] 19/5/2022 08:07

thanks for info

[gargoyle2] 13/5/2022 16:59

37% of group revenues last year. Worth watching the 2021 results webcast.

[netcurtains] 13/5/2022 14:26

Do they do civil aviation too as that appears to be coming back

[gargoyle2] 05/5/2022 08:39

MRO -- 'increasingly seeing growth return to our Aerospace business' -- encouraging for SNR imo

[gargoyle2] 03/5/2022 08:49

navylookout.com/uk-to-purchase-at-least-74-f-35-jets/

[gargoyle2] 03/5/2022 08:27

UK and Germany both placing orders for F-35 jets ([...] should be good for SNR. 7% of SNR's revenues came from the F-35 platform last year.

[essentialinvestor] 26/4/2022 11:50

CT, ultimately your rational will likely be validated here, barring a bid think
the sector may be in for a bumpy few weeks as China lock downs impact global supply chains.

[castleford tiger] 23/4/2022 09:39

Senior is worth 200p plus.
That much we know for sure.
At 120/130 you are buying a 40% upside.

That might happen in year 1 ( doubtful)
or years 2 to 5.

The further out the higher the value.

Therefore I expect to see a minimum 25% return on my money.

As for Directors buying the Chairman bought more last month.
Another 100k shares.

Ian King was CEO at BAE remember so is one shrewd cookie.
Look at the overlap in what they do

[netcurtains] 22/4/2022 15:48

Good to hear.
Lets hope FTSE up on Monday.
Basically the story is the same:

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).