Senior Share Discussion Threads

[babbler] 02/8/2021 08:22

Results were out.

[robertball] 02/8/2021 07:38

Read across from MGGT?

[castleford tiger] 19/7/2021 20:41

Added 25000

[castleford tiger] 06/7/2021 12:50

300p would do it

[carpingtris] 05/7/2021 17:09

What sort of bid would they take? ~300p a share?

[ny boy] 05/7/2021 16:34

Investors backing a strong board who are not going to run to the hills with a pathetic offer sub 200p

Strong hold, awaiting more bidders this year

[yertiz] 02/7/2021 13:40

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] 02/7/2021 11:20

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] 02/7/2021 11:05

Yes. It's an odd one for me as I bought about half my holding for less than .70p, and the rest bought at a rough average of around £2.00. I'm in profit at this price so happy to hold and see what happens. (by the way, I used to enjoy your posts on Molins - but never invested - and others on ii)

[castleford tiger] 02/7/2021 10:33

lindowcross

thanks

that backs up my thoughts that this is a stonking buy

[lindowcross] 02/7/2021 09:49

From the Times, market report today, 2nd July, : There were a few raised eyebrows in the City when Senior knocked back five offers from an American private equity firm last month. The last of Lone Star’s bids valued the engineer, which makes oxygen tubes and engine components for aircraft, at close to £850 million, a figure that it had not been anywhere near since the summer of 2019. However, the company’s management was adamant that Lone Star’s offers “fundamentally undervalued” the business. Analysts at Peel Hunt, the stockbroker, think that they probably were right.

They took a fresh look at the business yesterday and came to the conclusion that the shares were worth about 212p, 12p more than Lone Star’s best proposal. Peel lifted its recommendation to “buy”, given its confidence that, after a tricky 18 months, it can “see a path to recovery for Senior” as aircraft companies boost production again.

“A recovery is likely in its civil aerospace markets and, if the group achieves its stated return metrics, profits would recover to 2019 levels on a like-for-like basis by 2025,” Jolyon Wellington, an industrials analyst at Peel Hunt, wrote.
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Encouraged by Wellington’s bullish note, Senior shares rose by 9½p, or 6.4 per cent, to 161p, within a few pence of the 15-month highs that they touched after Lone Star’s final offer a couple of weeks ago.

[robertball] 30/6/2021 05:59

Aircraft orders ramping up

[castleford tiger] 25/6/2021 18:16

lovely............

[robertball] 25/6/2021 12:49

I agree. Trend upwards. Current management mot as good as Rollins (Imho)

[castleford tiger] 25/6/2021 12:26

I am 99% sure that this investment is now a 1 way ticket.

Not often that happens.

[robertball] 25/6/2021 12:14

No. The Board areUnder pressure to deliver now

[bigbertie] 25/6/2021 12:08

Interestingly the price has firmed up slightly - could some big shareholders still be trying to change the Board's decision?

[robertball] 24/6/2021 07:16

Bid dropped.

[lindowcross] 23/6/2021 09:05

No doubt Lone Star crunched the numbers, made its predictions about recovery in airspace, world economy etc, then saw value at £2.00 in 18 months' time, and £3.25 in 36 months' time or some such figures. The IP has to be worth a few bob on its own, but isn't necessarily reflected in earnings. But they would be guessing too, like of all us.

[robertball] 23/6/2021 08:50

Not if the bid is rejected and it's not hostile. Doubt if this will go hostile given that IIs have been sounded out already.£2.50 in a years time?

[kulvinder] 23/6/2021 08:46

Most other stocks when an offer comes in, settle at the offer price, as suely if it worth 200 to lonestar, so the price should touching 200 not 150?

[castleford tiger] 23/6/2021 08:07

Back in fully at 148 after selling out on news of the offer.
A result

[ny boy] 23/6/2021 08:05

Lone Star was obviously a try on and a derisory offer, they will regret having to offer 300p if they want this one. Totally with the board Lone Star…go and do one!

Great to see a Blighty Board with damn balls for once

Lone Star…you can’t always get what you want…🎵🎶🎵

[lindowcross] 23/6/2021 07:37

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."