Senior Share Discussion Threads

[g2am] 01/8/2011 12:29

Agreed, think this was expected and as such currently priced in

[ferries5] 01/8/2011 08:47

Good results. good looking forward, But well publicised and priced in imo.

[mechanical trader] 27/7/2011 08:11

2011 First Half Results

The results for the six-month period to 30 June 2011 will be announced on Monday 1 August 2011.

[mechanical trader] 26/7/2011 16:24

Higher, higher, higher.

[mechanical trader] 26/7/2011 08:39

Recent article on SNR..........

Healthy outlook for Senior
Created: 15 July 2011 Written by: Lee Wild


What's new:
• Profit to beat forecasts
• Strengthening aerospace market
• Rise in heavy truck production
Senior had analysts rushing to upgrade earnings forecasts after announcing that both first half and full-year profit will beat expectations. Growing demand for the company's truck parts in North America and Europe, and increased production of the C130J military transport aircraft and Boeing 787 were behind the improvement. Despite "slight weakness" in the European car market, group sales are just ahead of estimates, meaning better operating margins for both the automotive and aerospace units when half-year results are published on 1 August.
It's aerospace that's the key driver, accounting for 59 per cent of 2010's sales. Between them, Boeing and Airbus expect to deliver 40 per cent more aircraft in 2014 than they did last year and Senior makes precision machined components for both of them. What's more, a strong Paris Air Show that saw aircraft manufacturers build order books to almost seven years is great news for the company. Even the market for short-haul and business jets is improving.
Net debt at the end of the first half will creep above the year-end figure of £63.7m, following the acquisition of American group Damar in March for £15.3m. But cash generation is healthy and Damar, which does 88 per cent of its work for Boeing, looks like a wise purchase.
Brewin Dolphin says...
Buy. We have said before that Senior is a core holding in the industrials sector and we feel that market conditions in the truck and business jet operations should continue to improve as 2011 progresses. After that, the medium term is underpinned by the well trailed aerospace programme increases. We have upgraded forecasts for 2011's pre-tax profit by 7 per cent to £74.1m and by 5 per cent for 2012 to £81.1m, giving EPS of 13p and 14.5p, respectively. A positive stance on Senior has served us well since the share price nadir of 30p in 2009, but we see further gains in coming years.
Royal Bank of Scotland says...
Buy. We retain our positive stance towards the group, both in the short and the long term, with opportunities for growth across both of Senior's divisions. This, we believe, is driven by a number of end markets seeing positive momentum - but is also due to Senior's strong track record of consistent execution and its ability to deliver. We believe this will remain a key driver of the story going forward, along with an increasingly positive outlook for the commercial aerospace segment. Senior offers good short-term momentum and an attractive long-term story. Expect a drop in year-end net debt to £49m, falling to £19.6m in 2012.

IC VIEW:
GoodValue
Senior has ticked all the right boxes. Aerospace order visibility is particularly encouraging, but the group is also well positioned in the recovering truck market and is exposed to a much-anticipated revival in business jets sector. The shares trade on 14 times full-year forecast earnings - a deserved premium to the sector, given the company's history of strong cash generation and growth prospects. And, with plenty of fire-power for acquisitions, the shares - at 186p - still represent long-term good value.

[mechanical trader] 26/7/2011 08:39

LOL, ill leave that ignorant point above for someone else. Ohh dear the standard on here (this site) gets worse.

[imastu pidgitaswell] 26/7/2011 08:35

I always giggle when I see these technical assessments.

Why would you buy something at 190p when less than two years ago you could have bought it for under 25p? (I did, and sold for 36p...)

I know what the technical answer is, but where is the real world thought process? Mechanical indeed - it might go further, but for pity's sake the investment case was before a 9-fold gain, not after it...

[mechanical trader] 26/7/2011 08:03

Senior looks like a trading long on a positive breakout from a bullish pennant formation. The stock has historically stayed overbought for periods of time as marked on RSI and Stochs tops in black............

[bailliej] 04/7/2011 16:08

Most analysts revised forecasts up by around 40% to reflect increase in capacity / revenue in aerospace.

Found the following on LSE board. Credit to op.

Price: 181.80
SNR
Fri 07:18


Despite a positive pre-close update for the first half, Brewin Dolphin downgraded its stance for Senior (SNR) from "buy" to "add" following recent share price strength. However, the broker increased its target price from 185p to 198p, believing that "market conditions in Truck and Business Jet should continue to improve throughout 2011 and into 2012," while "medium term growth is underpinned by the well trailed aerospace programme increases." Brewin therefore maintains its view that Senior should be a core holding in the industrialsector

[scottishfield] 30/6/2011 16:15

Grrr, I'll have to get it on a dip!

[scottishfield] 30/6/2011 15:47

any broker targets baillie?

[bailliej] 30/6/2011 15:44

and up .... and up .... FANTASTIC :)

[scottishfield] 30/6/2011 15:40

trying to get in here but it just keeps going up !

[london calling] 30/6/2011 12:15

a great company and a key holding for a stake in aerospace. Compare performance to that of Hampson!

[broadwood] 29/6/2011 08:49

Stock - thanks for that. What a great statement. Obviously the closer the Boeing 787 gets to delivery in the third quarter the more attention will be focussed on the share price.Aerospace is in a sweet spot at the moment.

I see three brokers have upgraded TP's this morning - one to £2.

[broadwood] 29/6/2011 08:42

maz - where did you get that news? Obviously there's no RNS yet.

[mazarin] 29/6/2011 07:33

Good news coming out today that SNR will exceed expectations, should hit new highs as Airbus and Boeing orders likely improve output by 40% in 2014, announcement only slightly tinged with caution over increased debt

[bailliej] 09/6/2011 15:23

Reported yesterday.



South Carolina officials and Boeing Co. executives will celebrate the completion of Boeing's first new airliner assembly plant outside the Puget Sound area Friday.

Ceremonies at the North Charleston site of the company's new 787 Dreamliner final assembly plant are scheduled for 10 a.m. there. The plant will be the only site outside Western Washington where Boeing builds airliners. The company has final assembly plants in Renton and Everett now. Boeing already makes large sections of the plane's fuselage in North Charleston in two factories the company bought from its partners in the Dreamliner project. Boeing purchased those factories when the two partner companies, Vought and Alenia, stumbled in their attempts to build the major fuselage sections.

The South Carolina factory is expected to produce three Dreamliners a month once it gets up to speed.

Read more:

[nellie1973] 04/5/2011 13:40

Broker ugrade to BUY today-Evolution

[stockadoodle] 04/5/2011 10:39

Yup x div today

Final x-div (2.12p) : 04- May- 2011
Payment date : 31- May- 2011

[london calling] 04/5/2011 10:32

I think SNR goes ex div today. hence thefall in share price

[mazarin] 28/4/2011 07:48

Commenting on the latest results, the 'Independent' today says 'buy' despite a rather lacklustre performance so far this year.