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The shares are worth 180-250, depends on what earnings return once normal economic life restarts in a year or two. Till then consider selling to buy back later this year
full year revenue reported for 2021 was £659 million, well down on pre covid levels in excess of £1,100 million
cannot see any signs of getting back to these levels for a while yet ?
Only thing going up is senior staff salaries at the mo ?
In the plenty this morning.
This is unusual.
Wading through the results and they’re a bit lacklustre to me.
Lots of talk about strong demand etc but the figures are not representative of this, which is why the dividend is on the low side. One article incorrectly mentioned 30p per share - maybe one day.
https://twitter.com/surprised_trade/status/1553999121324949506
rns - Profitability has improved and our healthy balance sheet has been enhanced through strong free cash flow performance. Our core markets are showing good growth
broker has 185p target currently..
Thanks PRN19
Hopefully a divi announcement
Apologies, should read “Jax”
Morning Jaz,
The Interim Results are out on Monday.
Cheers Paul
When is the next trading update?
Similar movement to the original takeover offer.
Broker upgrade:-
Senior PLC, up 8.5% at 128.40 pence, 12-month range 112.18p-185.00p. Barclays boosts its recommendation on the engineering components manufacturer to 'overweight' from 'underweight'. "With 2020 trough earnings now firmly behind, restructuring activities completed and delivering run rate savings, 2022 begins a meaningful recovery," says Barclays.
Up 8% this morning? No obvious news ....
I was looking at the previous year financials on this web site. Most recent year shows a modest £10million profit. So my point remains thank you very much horlety
Senior made profit last year - 2021 and the net debt has decreased.
Yes, they made loss in 2020 but not many companies were profitable in 2020.
goinguphigh - no need to provide false information.
It’s £24m at completion, the rest is deferred. But still it’s a very bold move acquiring a business in these times - and it’s not as if it appears a bargain buy on paper.
My confidence has shaken a little but still hold. Lots of director buys here and we have a defence sector.
Senior mad a loss last year of 160 million
Yet it has just shelled out USD100 million to buy hydraulics firm Spencer Aerospace
I accept they have not paid a dividend for 2 years, but I still cannot work out where they found the USD100 other than by borrowing up to their armpits ?
Maybe I am missing something
any insights welcome
take care everyone out there
9k employees - selling for £6.3bn
SNR 8k employees - mcap £0.5bn
Not much faith in the BODs acquisition decision the other week.
I was hoping for a divi here this year but now looks unlikely.
Seems inevitable.
Nothing from the bod to shore up the sp. Will go down with the rest of the market.
When do folk reckon this company will start delivering shareholder value?
That could also mean divi is out the window
£80m cost, by 2026 if revs hit $40, profits of what $3-5m.
Smacks of desperation to me, show they are growing the business and justifying their pay packets!
£2 takeover was much better value imo.
Their acquisition is to increase their presence in the sector which could open the door to lucrative contracts.
To anyone else and purely based on the info in the RNS it does look rather costly.
Acquisition announced today looks expensive to me - what are they thinking?
This one definitely requires patience :/
It's a year ago this weekend that we made the heady leap to 1.55 and then up to 1.70 or thereabouts. Disappointing since then. I'm staying in because I expect another buyout attempt at some point, and hopefully the BoD will be more 'conditioned' to respond appropriately next time. £2.50 would be a good number ...
All IMHO and DYOR and GLA etc.