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SNR has said it intends to resume dividend payments this year.
Thing to understand is that the share price is fairly stable, the market taking its usual lookahead of 6 months to a year.
The value lies the other side, so I bought at a very depressed price and subsequent purchases have brought me to an average price that is about where the market is today, as it happens.
So I dont see how I can go wrong, the divi keeps me happy, I expect to double my money over the next 2 to 5 years ... and hopefully we'll all be here at that time (reference to war).
My patient strategy is in fact in line with the company's recent statement on 20 April 22 that "the Board anticipates good progress in 2022 as the company continues the multi-year recovery".
The BOD must find it difficult to justify their ‘fundamentally undervalues Senior’ statement based on where we are circa 12 months later.
I’d say someone saying you’re fundamentally undervaluing at £2 puts Senior at £3-4 so even with everything going on we should be more than £1 something at present times.
It seems they were about right with £2 to my disappointment and against my initial optimism.
Explain yourself BOD. Will there be a divi?
In my opinion some are quite content to feather their own nests until they receive golden goodbye retirements.
£2 looking light years away now but the gravy train keeps on rolling for the chosen few, lashings of jam tomorrow promised though!
If SNR was such an attractive proposition where are the bidders of the implied value,.. was something like £2.20-£3.50 it was claimed as part of the defence based on peers takeovers.
I guess due to BA issues.
Is going to be a million miles away
What the heck was the bod thinking
I wouldn't expect a lot of movement here this year especially due to geopolitical reasons, that's why I have moved my stock to Oil and Gas sector which is booming now!
I would call it solid with confidence that the next couple of years will see further recovery.
The blandest of bland updates this morning. So dull makes you wonder why they bothered. Still no motivation to re-enter the stock even at these prices.
Nice to see. Followed by 35k from DS
I guess the market doesn’t know about Senior’s defence sector.
Senior’s position is better or worse in either of these events. You’d think Senior would be better placed during a war with its aerospace and defence sectors. Clearly if this turns out to be a nuclear war then all bets are off.
I bang on about that £2 offer as I can’t shake it off, but I do wonder if that was tabled now would the board stick with the party line.
Blimey a £100k share purchase during a war.
GLA
Hard to separate out these effects from the intrinsic value and movements in SP today with the results. Im holding for the mid-term and expect to see a SP in the mid 200s. I think this is a safe bet. If this comes to pass, it will represent a gain significantly above the market and sector.
Are getting a lot of attention. Surprised their value is just shy of ours.
£2 a share turned down remember. Which according to the bod was opportunistic at the time. That was some time ago and still way below that…..
The SP will soon reflect this well managed company. Patience here is a virtue here, as the book orders are getting stronger and stronger...
How long does the share stay below £2 for the £2 offer to cease to be opportunistic?
2022 should be good, but the game has changed with this new variant. I suspect the next rns with trading news won’t be as before.
Senior is a great business and a solid investment. The fundamentals are sound. It's just unloved because of the aerospace and aviation sector being out of favour, the recent 737max issues, and now the dismal macro scenario:
- Omicron
- Inflation
Hang in. 2022 should deliver descent progress.
I cannot believe the media hype on speculation which is destroying the economic recovery. If this does turn out to be in most cases on the mild side then questions need answering. We can’t keep doing this restrictions/lockdown on guesswork. We’re humans designed to live and die.
Senior will recover but would be good to hear what if any impact on their medium term vision has had and in hindsight £2 per share looks rather attractive now, considering there is no end in this share decline. Is £1 coming?
“The Board believes we have a clear strategy that will maximise value for shareholders over the medium-term and accordingly, the Board is not able to recommend a sale of the business at 200p per share."
That was 6 months ago. Maximising value in the medium term I feel will not now be achieved due to Omicron (the big fall in share price) and I doubt the share price will hit this year’s highs again for some time - this is on a downward trajectory. Medium now turns to long. And long decreases the odds of success.
If medium term is now unachievable the bod needs to tell the market. Maybe it still is........
A bird in the hand is worth two in the bush springs to mind.
Seems rather attractive now we’re in continual free fall.
Maybe the BOD should comment.
In the short term the market is a voting machine. In the long term it is a weighing machine.
Hold tight and weight for the inherent value of this company to be 'weighed' .... don't fall for the short term emotional response to Omicron in aviation and aerospace markets. This is a long term hold for those with insight and patience.
Aren't we overdue a trading update?
It’s a rough ride at the moment.
That £2 offer seems more and more attractive now.
I’m after a lot more than that in the mid term but for closure and for all the uncertainty in the world, particularly in Senior’s core markets, maybe just maybe not accepting the offer wasn’t in the best interest of the shareholders.
UGLY