Senior Share Discussion Threads

[ferries5] 28/3/2011 10:02

Another bolt on Acquisition made, Which is ( immediately earnings enhancing.) Will look forward to analyst updates.!!

[bailliej] 25/3/2011 16:00

Peel Hunt initiated new Buy coverage on the 24th Mar 11 @ 145.5 - target 170.0

[raysor] 18/3/2011 12:42

Sahre of the month in March edition of Eavesdropper. Given the potential the shares look cheap at current levels.

[wjccghcc] 28/2/2011 14:58

Results were good and it's an extremely well managed company. However, I sold half of mine first thing mainly because it looks like 2011 will only have pedestrian growth before it picks up in 2012 as Boeing and Airbus increase build rates and the 787 finally gets into production. Will certainly buy back if it drops to 130p.

[johnsoho] 28/2/2011 13:53

Results, despite the share price movement, appear good to me....rns as follows

28 February 2011

Results for the year ended 31 December 2010

Record adjusted profit before tax, up 36%, driven by significant margin improvement


FINANCIAL HIGHLIGHTS Year ended 31 December
2010 2009
---------------------------------- ------------ ----------- --------- ----
REVENUE GBP566.9m GBP540.1m +5%
---------------------------------- ------------ ----------- --------- ----
OPERATING PROFIT GBP62.2m GBP61.0m +2% ( )
ADJUSTED OPERATING PROFIT (1) GBP75.4m GBP59.4m +27%
ADJUSTED OPERATING MARGIN (1) 13.3% 11.0% +2.3ppts
---------------------------------- ------------ ----------- --------- ----
PROFIT BEFORE TAX GBP52.1m GBP49.6m +5%
ADJUSTED PROFIT BEFORE TAX (1) GBP65.3m GBP48.0m +36%
---------------------------------- ------------ ----------- --------- ----
BASIC EARNINGS PER SHARE 10.11p 9.79p +3%
ADJUSTED EARNINGS PER SHARE (1) 12.01p 8.91p +35%
---------------------------------- ------------ ----------- --------- ----
TOTAL DIVIDENDS (PAID AND
PROPOSED) PER SHARE 3.12p 2.60p +20%
---------------------------------- ------------ ----------- --------- ----
FREE CASH FLOW (2) GBP58.8m GBP60.1m -2%
---------------------------------- ------------ ----------- --------- ----
NET DEBT (2) GBP63.7m GBP102.3m GBP39m
better
---------------------------------- ------------ ----------- --------- ----


(1) Adjusted figures are stated before profit on disposal of fixed
assets of GBP0.2m (2009 - GBP0.1m loss), a GBP4.6m charge for
amortisation of intangible assets acquired on acquisitions (2009
- GBP4.6m), a GBP8.7m charge for impairment of goodwill (2009
- GBPnil), acquisition costs of GBP0.1m (2009 - GBPnil) and an
exceptional pension gain of GBPnil (2009 - GBP6.3m). Adjusted
earnings per share takes account of the tax impact of these items.
(2) See Notes 11(b) and 11(c) for derivation of free cash flow and
of net debt, respectively.


The Group's principal exchange rates for the US dollar and the Euro, applied in the translation of revenue, profit and cash flow items at average rates were $1.55 (2009 - $1.56) and EUR1.16 (2009 - EUR1.12), respectively. The US dollar and Euro rates applied to the balance sheet at 31 December 2010 were $1.57 (2009 - $1.61) and EUR1.17 (2009 - EUR1.13), respectively.

Group Highlights


- Increased revenues from the military and defence, land vehicle
and semi-conductor markets
- Group's focus on operational efficiencies resulted in much improved
margins
- Record level of adjusted profit before tax
- Continuing strong cash flow delivered a GBP39m reduction in net
debt
- Acquisition of WahlcoMetroflex in August 2010; integration on
track
- Airbus and Boeing announced significant future build rate increases
for most of their aircraft
- Strengthening customer relationships leading to increased opportunities


Commenting on the results, Martin Clark, Chairman of Senior plc, said:

"Senior has delivered an excellent set of results for 2010. Adjusted profit before tax increased by 36% to record levels, driven by significant margin improvements, and healthy operating cash flow resulted in a net debt reduction of GBP39m to GBP64m. Trading has been in line with expectations at the start of 2011 and this, combined with the strong 2010 performance and healthy long-term prospects for the Group, gives the Board the confidence to recommend a 20% increase in the full-year dividend for 2010."

[mazarin] 07/2/2011 17:19

Currently a bit quiet here and I've been out of SNR for while having taken some profit, but continue to monitor & maintain the header. I fully intend to return and was close to buying back in last week on temp drop, but chose FENR instead. Time will tell if it was the right decision.

[volsung] 06/1/2011 14:30

Hope so mazarin. I added today. Good sign that there are not a lot of posters here. Once news gets out we should have a few more

[mazarin] 06/1/2011 12:58

Out of interest I've just made a note of 'sp' progress during last year. My post 1573 recorded that it closed end of 2009 at 75p and we saw it reach £1.50 by the end of 2010, therefore SNR achieved a healthy 100% growth throughout the whole year. I wonder where we'll be this time next year....? So far looking good to be on course for further growth this coming year, I think.

[volsung] 06/1/2011 09:35

I hold but its not much of a target -160p is it?

[mechanical trader] 06/1/2011 08:08

From Investors Inteligence this morning......

Portfolio Update

Our second trade of the year: a long in Senior. The stock edged to a new high yesterday, eyeing to for a sprint to 160p.

[volsung] 05/1/2011 16:40

Nice quiet board - not a lot of craic but sometimes its nice to just rest a while looking at the ascending chart

[volsung] 04/1/2011 15:41

In for a few. Nice prospects

[loftgroov] 02/1/2011 21:26

Prospects look superb for 2011. Just keep topping up before results in February!

[old joe1] 23/12/2010 16:40

Superb looking chart and reckon we are looking at a much higher share price to come in the new year.

[mazarin] 15/12/2010 10:10

Today's pre-close trading statement confirms Senior's current trend as it tops forecasts.

[nellie1973] 15/12/2010 09:44

Broker note out today

[montyville2] 09/12/2010 13:01

Been quiet here for a month or so!

Trading announcement next week and I look forward to further improvement in profitability. Recent pull back an opportunity to buy IMO.

[smarm] 05/11/2010 18:30

It's a different engine in the 787.

Baffling but who's complaining!

S

[broadwood] 05/11/2010 17:13

But there using RR engines in the new Boeings.

[honiton] 05/11/2010 12:22

maybe its the Rolls Royce/Airbus/Quantas problem.

[mazarin] 05/11/2010 11:12

Agreed, so perhaps it is just coincidental, but whatever's driving it, something's making it 'fly' today and £1.50's getting ever nearer as we speak, whilst the FTSE's currently down 28....!

[broadwood] 05/11/2010 11:01

Can't see that as the reason. the QE2 package has been widely touted for weeks.

[mazarin] 05/11/2010 08:26

May I suggest its a possible reaction to the latest US QE program that should help the likes of Boeing and indirectly SNR, as suggested a couple of weeks ago. See 2065

[broadwood] 04/11/2010 13:57

It seems to be actually helping. A bit weird.