Share Name Share Symbol Market Type Share ISIN Share Description
Senior Plc LSE:SNR London Ordinary Share GB0007958233 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 161.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
161.40 162.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 1,110.70 28.70 7.04 22.9 677
Last Trade Time Trade Type Trade Size Trade Price Currency
18:21:05 O 903 161.50 GBX

Senior (SNR) Latest News

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Senior Investors    Senior Takeover Rumours

Senior (SNR) Discussions and Chat

Senior Forums and Chat

Date Time Title Posts
20/9/202114:54Senior - Intraday Chart3,087
29/7/201804:23Senior (SNR) One to Watch on Monday -
10/1/201210:43...is this donkey having a senior moment...1
12/7/200717:31Ignore Too-
26/2/200413:08Only one Senior company around27

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Senior (SNR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-09-21 16:39:42161.501,3962,254.54O
2021-09-21 16:18:47161.20914.51O
2021-09-21 15:35:20161.50115,754186,942.71UT
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Senior (SNR) Top Chat Posts

Senior Daily Update: Senior Plc is listed in the Aerospace & Defence sector of the London Stock Exchange with ticker SNR. The last closing price for Senior was 161.50p.
Senior Plc has a 4 week average price of 153.40p and a 12 week average price of 141.10p.
The 1 year high share price is 185.30p while the 1 year low share price is currently 41p.
There are currently 419,416,250 shares in issue and the average daily traded volume is 721,595 shares. The market capitalisation of Senior Plc is £677,357,243.75.
castleford tiger: I have 275,000 shares i expect a solid recovery and serious pressure from key stakeholders if price does not exceed 200p bid that was rejected. I have a 250 target within 12 months. tiger
lindowcross: Credit: "The Times" today. Senior: Aerospace sector waiting for take-off Emma Powell Wednesday August 18 2021, 12.01am, The Times Injured prey are easier pickings, but Senior had more bite than its private equity bidder had expected. With the shares retaining much of the gains made since Lone Star’s fifth and final offer in June, investors seem to think that another takeover attempt could be coming. Who could blame them? British defence and aerospace companies are gathering a scarcity value. Weaker valuations post-Covid have been one lure for bidders. Offers that have materialised in the sector since 2019 have been made at an average discount of 13 per cent against the shares’ all-time high, according to Peel Hunt, the broker. On that basis, Lone Star’s top 200p-a-share offer for Senior, which specialises in making ducts and valves that help to control fuel consumption, looks the most stingy, at 39 per cent below the shares’ 2015 level. But that was when the engineering group was generating a return on capital employed of more than 15 per cent, exceeding even a 2019 level that was hurt by the grounding of the Boeing 737 Max, to which it was a supplier. Potential bidders are justified in not being as generous as they were for peers. Senior traditionally has delivered lower operating margins than its competitors, which stems from lower aftermarket sales activity than rivals such as Meggitt, as well as less exposure to the defence industry. The magnitude of the decline in demand from the aerospace industry means that analysts don’t expect ebitda — adjusted earnings before interest, taxes, depreciation and amortisation — to recover to 2019 levels until 2025. That also means that at an enterprise value of ten times forecast ebitda for 2022, the shares’ valuation is about the highest it’s been since 2013. Management could have a harder job in bartering up any further offers closer into line with its peak value. That’s not to say that Senior has not made strides in rebuilding itself. It’s on course to cut £50 million from operating costs thanks to a restructuring programme. Debt also looks more manageable. Disposals of non-core businesses, including Senior Aerospace Connecticut during the first half of the year, and better free cash generation than had been expected aided an £84 million reduction in net debt to £71 million — two times ebitda — at the end of June. That’s comfortably below a covenant ceiling multiple of three. The group is targeting a return on capital employed of 13.5 per cent in the medium term. Taking costs out, reducing the size of the asset base through disposals and slow recovery in demand for its products will help it to move towards this. However, the pandemic caused airlines to cut capacity, retire older aircraft and look to defer deliveries of new ones. Airbus and Boeing have said that production of single-aisle aircraft will pick up from the end of this year, but a slower recovery in international travel, which typically uses wide-body aircraft, is expected to take longer. Production volumes for the civil aerospace business, the largest contributor to revenue, are expected to be lower this year than 2020. Demand from power energy markets, where 16 per cent of group revenue was derived in the first half, is not expected to recover until the end of this year at the earliest. New technologies, where Senior owns the intellectual property, are one avenue that management hopes will increase operating margins. Lone Star’s bid was a “wake-up call to the market”, Jolyon Wellington, of Peel Hunt, thinks and is one reason that some of the heat remains in the share price. A competitor with the ability to strip out manufacturing costs could achieve £50 million in synergies, he reckons, which could mean that an offer above 300p a share is affordable. The private equity firm would be allowed to come back for another go in December, but there’s a chance someone could beat it to the punch. ADVICE Hold WHY The shares look fully valued against a slow recovery in profits
archy147: Another tranche bought back at 165p Also eyeing up marine engineers FSJ who are trading at less than half their pre-pandemic price. Any thoughts on them anybody?
yertiz: Would be nice for iii to reintroduce the BBs they phased out some 3 years ago. There were plenty of useful/knowledgeable contributors around then, probably still are but ADVFN hasn't recruited too many from those days. Dipped in and out of SNR,MRO and HLMA over the years, back in with a vengeance now as this story will surely drive the share price upwards, and quickly.
castleford tiger: iii was a great site. I am still in MPAC ex molins..........from those crazy 50p days. I know IAN KING chair here at SNR. ( old golf partner) He was CEO at BAE and is one smart cookie. He will make this tick rest assured. tiger
lindowcross: From Alastair Osborne in The Times today, Anti-buyout blues "Proof, anyway, it’s not just Melrose banking on the aerospace market taking off again. The Senior board is so convinced, it’s rebuffed a “fifth and final” mooted cash offer from the private equity outfit Lone Star — at 200p a share, worth £839 million. The upshot? Chairman Ian King and chief executive David Squires now have a share price of 149p, down 10 per cent and just below Lone Star’s opening salvo of 150p. The duo have lots to prove. But they ran the numbers, canvassed investors and decided Lone Star’s bid was too low, “opportunistic” and failed to reflect production ramp-ups at Airbus and Boeing or Senior’s “IP-rich”; tech. With so many boards caving in to buyout firms, it’s good to see a bit of fight."
killieboy: Well done SNR, this should not be sold for less than 300p!
dave894: FINAL PROPOSAL! 'The financial terms of the Fifth Proposal are final and will not be increased, except that Lone Star reserves the right to increase the amount of the offer price if there is an announcement on or after the date of this announcement of an offer or a possible offer for Senior by a third party offeror or potential offeror.' ...... SNR was closer to 100p when the board were rebuffing the first of the 3 offers as insiders climbed aboard the rise from 100-130p before the confirmation rns. Nigh on a 100% increase.
essentialinvestor: Senior has been a cracking recovery play during past cycles, although they were without a global pandemic. I've known SNR since the Flexonics acquisition rights issue, which was circa 1992/3 - from memory. Worth keeping in mind the share price is up over 100% from last year's plunge low, so there is likely a consolidation phase needed. Some of the earlier buyers may also be locking in gains. The big risk is vaccine failure against Covid-19, which would also apply to multiple other sectors!. Fortunately that does not appear to be happening atm.
imastu pidgitaswell: I've not held in recent years, up or down, but I recall looking at their free cash flow over 2009-17 and seeing it barely change, all the while the reported profits did, and the share price did. Looking at the most recent set of results just before the pandemic (not fair to look at later stuff until things return to 'normal'), I see they have kept this incredible record of FCF c£50m-£60m going - yet the share price gyrates wildly. https://uk.advfn.com/stock-market/london/senior-SNR/share-news/Senior-PLC-Final-Results/81879635 https://uk.advfn.com/cmn/fbb/thread.php3?id=6008210&from=2673 It's a quite astonishing sustained picture - the disconnect between free cash flow, earnings per share and the share price. Murky, imho...
Senior share price data is direct from the London Stock Exchange
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