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20p?
Considering the circumstances the results are as OK as possible. Good news on covenants. Bad news for the almost 2000 employees let go with potential for more in the future. Senior is a good company that finds itself at the mercy of the effect of the China virus. Still on my to buy list but I expect a lower entry than the current price.
Jax05
Sandbar increased their shorts to 0.79% yesterday no wonder why it fell further today. Personally I’m not expecting excellent news on Monday but I think this shorter will ensure the SP doesn’t rebound either even if the news is slightly positive
https://shorttracker.co.uk/company/GB0007958233/
Neon. I don’t think I need to answer the 50p question - looks like the SP is doing all the talking.
Not a bad strategy chasbrown. Unlikely Senior will rocket so you’d be priced out but a steady rise once sentiment returns. Looks like I should have done the same but that’s what this game is all about.
We should however all be winners here.
Toss of a coin really. Senior is a good company but I see many headwinds. Still on my buy list but I will wait for a possible lower price.
Another top up.
Could really go either way. But in a years time or thereabouts it doesn’t really matter.
GLA
Total of 30012 shares...
Good value to pick up a few now
Market valuations price at worse results outcome!
jax05
With the result due on 3rd Aug, do you see the SP dropping below 50p?
despite worse than expected results tells me a lot is already priced in. I'm tempted to go big with SNR at the moment with the current SP level
Boeing CEO ‘hopeful’ aircraft demand starts to recover in second half of 2021
PUBLISHED WED, JUL 29 20209:42 AM EDT
https://www.cnbc.com/2020/07/29/boeing-ceo-hopeful-aircraft-demand-starts-to-recover-in-second-half-of-2021.html
Boeing CEO Dave Calhoun on Wednesday said he was “hopeful” that demand for new aircraft, devastated by the coronavirus pandemic, would start rebounding in the second half of next year.
Cancellations of Boeing planes are outpacing new orders this year as airlines reel from the impact of the virus and the company’s key 737 Max remains grounded.
Calhoun said he expects an uneven recovery from the pandemic for airlines around the world and that carriers that emerge healthy might want to gain an advantage over competitors with newer planes, driving demand.
“China, Europe seem to have a little more control over their environments than the U.S. does at the moment,” Calhoun said in an interview with CNBC’s “Squawk on the Street.” “It’ll happen and I believe somewhere in, depending on a vaccine and the success and distribution of a vaccine, somewhere in the second half of next year I’m hopeful that this worm turns.”
jax05, I guess you don't have to wait that long for your £1+ party. Even RSI is close to 30 meaning nearly oversold so let's see.
GL
This is cheap if you’re prepared to hold. Well over £1 in the future but could go lower.
My last top up was 55p and will add more if it drops under 50p.
I've had a cheeky top up, would be rude not to at this level
BlackRock bought more on 15th July and today Alantra EQMC Asset Management bought further 2.4M shares. Result is on 3rd and most of us surely not expecting any fireworks but slight big of positive news on any front should appreciate the SP. Most of my AIM stocks are over 60%-100% without any earning but really strange to see SNR down and hovering around it's lower lows. Hahahaha
Let's see what happens.
GLA :)
Senior came onto my radar in 2008 and in early 2009 I built up a position between 25p and 35p - much like today I do not remember my investment decision being a ‘no-brainer’. Later in 2019, thinking I’d done well, I sold a third of my position @60p. However, 5 years later, still with 50% invested, SNR had developed into a ten bagger. In hindsight, holding a significant portion of my investment over those 5-6 years was a more important decision than whether I had bought at 25p or 35p. Selling a third in late 2009, albeit for a double, was a bad call.
Can we expect a similar level of share price recovery this time around? Circumstances are vastly different, but if a level of normality returns and they achieve the current low-level expectations for this year and next, the investment case comes down to the level of recovery in 2022 and beyond.
A key concern for me is the political trends away from global trade, but trade patterns currently in use will not disappear overnight. Besides, SNR has its production assets in the key centers of the US and Asia, with about a third in the UK and Europe, so these will remain valuable assets, even if they can’t connect with each other as they can today.
Today, Investors Chronical reiterated their Sell recommendation: “Looking beyond that, much like Rolls-Royce (RR.), Senior is staring down difficult conditions for potentially years to come. Sell at 59p.”
Unlike Rolls-Royce, Senior isn’t directly reliant on the number of aircraft in the air – Senior don’t supply spares. What matters is the number of new aircraft being built and sold, and the return of the 737 Max. A while back I referenced a piece which argued the case for new over old.
Coming into the pandemic Boeing and Airbus had eight year waiting lists for their key narrow body aircraft and were implementing increased build rates.
If, as expected, airlines cut back on their orders for new aircraft it seems to me a reasonable expectation that the manufacturers would maintain their pre-pandemic (and 737 Max issues) build rates with the consequence that the waiting lists would fall to say 5-6 years. If this pattern plays out, perhaps a recovery of sorts could come sooner, at least in aerospace (75%), than the likes of IC expect.
Jax05, it is merely my opinion and of course I may be wrong. A fair update today but I still see a lot of headwinds. I am still keeping it on my watch list.
Sorry, I just simply couldn't resist. Bought some after reading the RNS. Personally i think the company performed better than expected during the crisis than most other companies.
GL
The board seem confident to come out of this stronger.
Not necessarily Chasbrown. Why the increase to over 90p only the other week - the aviation sector hadn’t picked up. Profit warnings inevitably surely and to some extent factored into the current SP (it’s why the SP is in double digit territory). Sentiment is key here. This could turn anytime. I’ll keep buying in increments if it does drop. £1 minimum near term imo.
Until aviation picks up, and who knows when that will be, this is only heading lower. Definitely on my watch list and am ready to buy when the time comes but expect to pay less than the current price. Profit warning inevitable imo.
Tempted to buy some! Noticed the shorts have gone up, is this why the SP fell from the recent pick 90p+?
Covid situation is not helping however everything is opening up gradually together with further progress with covid vaccines
Million dollar question is the SP! Is is the right time to buy Senior?
Into the 50s we go. I’ve bought this all the way down.
Can’t believe there’s non revenue stocks worth more than this. That’s what sentiment does.
I’ve been buying on the way down. Solid company. Can see this well over £1 in the near term.
I've bought in at 64.3p, not much but I'll add if it's drops again. Let's see where this goes in the future.
France are throwing money at Airbus. Talk of a scrappage scheme / cash for clunkers!
Trade in your Antonov AN2 (an old jump ship of mine) for a shiny new A320.