Senior Share Discussion Threads

[gargoyle2] 24/1/2024 09:05

Barc d/g a day or two before a trading update (24 Jan last year) seems like odd timing

[onjohn] 08/1/2024 16:04

massive reoall

[gargoyle2] 08/1/2024 09:44

Max-9 represents only 2% of Boeing's backlog (and a small portion of Max production), so if any issues are confined to that design, may not be too much of an issue imo

[bigbigdave] 08/1/2024 07:22

Some 171 Boeing 737 Max 9 planes remain grounded as safety checks continue.

Others were returned to service on Sunday, with the airline saying an inspection found "no concerning findings".

[robertball] 08/1/2024 07:15

£30m revenue from 737 Max

[gargoyle2] 02/1/2024 13:33

Can't be far off. Maybe with the 'ahead of expectations' update later this month.

[castleford tiger] 02/1/2024 13:26

break out coming

[gargoyle2] 05/12/2023 19:27

Interesting contract award today - small beer in terms of value ($12m over 7 years), but what is more interesting is the identity of the counterparty. Strata is a growing UAE-based manufacturer of structures for the aerospace and space sectors, with apparently good relationships with Boeing, Airbus, Pilatus, Leonardo. It's SNR's first contract with Strata, which I'm sure they are looking at as providing big opportunities in both those sectors, especially space, where SNR has seen increased levels of business. What is more interesting is that Strata is state-owned, it's part of the huge Mubadala investment group, which has billions of dollars available for investment and has been expanding in all sorts of sectors. It wouldn't surprise me to see Strata emerging as a potential buyer of SNR's Aerostructures business. That deal would propel Strata/Mubadala/UAE to another level in terms of its footprint and relationships imo.

[carpingtris] 14/10/2023 19:30

They do announce contract wins as have announced Daimler and Honda wins last couple/three years..

[lindowcross] 14/10/2023 19:12

From Citywire, 28.9.23
Jefferies: Senior signs significant contract win

Engineering group Senior (SNR) has announced one of its largest contracts in recent years which will help provide ‘strong future visibility’, said Jefferies.

Analyst Andy Douglas reiterated his ‘buy’ recommendation and target price of 195p on the Citywire Elite Companies + rated stock, which was trading at 163p on Wednesday.

Senior has confirmed a new 12-year contract with Rolls-Royce (RR) for the supply of precision-machined structures and components.

‘History tells us that Senior does not announce contract wins and extensions unless they are a meaningful size,’ Douglas said.

‘Hence, although there are no figures included in this statement, and it is over a 12-year period – these contracts are normally three-to-five-years – it will be one of the largest contract announcements we can remember.’

Douglas said the contract will be ‘important for the Ketema business near San Diego – this is a structures business, operating at the top-end in terms of complexity for precision machining – providing it with strong future visibility, yearly sales will rise with platform group, and we are assuming a healthy margin profile will have been negotiated’.

‘While consensus forecasts will not change, this is helpful for sentiment,’ he said.

[gargoyle2] 05/10/2023 14:18

After last week's RNS regarding the 12 year contract extension with Rolls Royce, I rewatched the last results presentation. In that, the CEO says that there are some big contracts coming up for renewal in the 2025/26 timeframe (I assume the RR contract was included within that) and that SNR were currently in pricing discussions with the counterparties. He said that we should expect a lot of those contracts to have "significant price increases". No mention of new RR price was given in the RNS, but I would expect it to be quite a bit higher than in previous years.

[sooty snipes] 26/7/2023 08:59

Great update from Rolls Royce today. Hopefully we may follow

[wynmck] 13/7/2023 11:48

jpm neutral-raises tgt to 185 from 160

[lindowcross] 10/5/2023 09:52

Yes. Read across from MRO today suggests aeronautical sector now in rude health.

[castleford tiger] 10/5/2023 08:45

i AM EXPECTING THIS TO BREAK above 180p very soon as we push up and past 200p this year

tiger

[wynmck] 26/4/2023 11:45

15k shares director buy at 164p

[gucci] 21/4/2023 13:08

Surprisingly quiet board here

[gargoyle2] 18/4/2023 09:46

SNR update this week possibly. AGM is on Friday, last year's trading update was the day before the AGM. Recent 747Max issues might be a short term concern, but otherwise I'm looking forward to a solid update.

[grantley] 09/3/2023 15:54

2,300,000 at 178? Interesting.

[castleford tiger] 08/3/2023 09:22

Breaking up

[castleford tiger] 27/2/2023 22:05

Finally we can see the light.
The shares will run much further and my holding this year is my second best.
Much further to run
Tiger

[essentialinvestor] 27/2/2023 15:55

My Best performer this year, a very small holding though. Hopefully £2 doable
or near.

[yertiz] 27/2/2023 15:23

I take it all back, SNR has been let out of its box and surely will breech the £2 ceiling sooner rather than later/never.

[wynmck] 27/2/2023 10:09

Jeffries raise tgt to 195 ( from 180) Buy