We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
..is demonstarting that investors see value in Senior.
has been holding up well but this is just the beginning. Beyond 2021 Senior will be £4-5 per share and I’m holding long.
At circa £400m mcap Senior is way undervalued. There are some sentiment based non revenue generating stocks valued at multiples of this which is unbelievable really.
£1.
It would be great if this is breached. It’s been trying from a little while now.
Of course.
This is a solid long termer if there is such a thing.
Why the sudden drop from 93 to 90
Why the sudden rise back up to 93
Why anything
Well well we almost touched £1 today then the retrace. Bought some more during the day.
If Senior can still be in existence on the recovery run then rewards will be massive.
Took half out at around 87p. A cool off was due following a significant rise of late. Had to bank something. Lots of variables to swing the sp in either direction and hoping to get back to my original holding of 30k shares.
....another opportunity to top up?
Drifting downwards today. Profit takers? Was up 75%+ up. Holding for 100+
Twice it jumped 30p. GLA that did alright.
CREDIT SUISSE RAISES SENIOR PLC PRICE TARGET TO 105 (65) PENCE - 'OUTPERFORM
More positive news
https://www.google.co.uk/amp/s/simpleflying.com/ryanair-boeing-737-max-10-order-2/amp/
Don't expect any changes in 737 production any time soon, but if I interpret this correctly this is a good medium to longer term story. In June I posted on the argument for new over old aircraft. (Reposted below)
There was an 8 year delay on orders for the 737 max. Many carriers cancelled their orders following the crashes and pandemic, Ryanair didn't. But what I find interesting is that Ryanair has now added to their order for delivery within 4 years. I take this to mean they have accelerated their replacement cycle. That's my layman's interpretation.
Take a look at today's Ryanair RNS in which ML waxes lyrical on the benefits of the new 737 model. He has little control over the market but he knows about margins.
My post from last June
"An interesting piece on CNBC by an aerospace analyst.
We know about the pandemic's impact on the airline industry, leaving a large part of the fleet parked up in the desert. He expects the suppliers to the after market sector to feel the heat, while suppliers to the new build sector will fair better. The logic of his argument sounds reasonable.
As airlines bring aircraft back into service they will favour the newer aircraft that have lower servicing costs. Many of the older aircraft will never be brought back into service as they are replaced in the operational fleet by new aircraft. Many of the older and larger models which supported the 'hub' strategy will also be left out. Passengers prefer point to point rather than transfers, which supports demand for the new twin engine models from Boeing (737) and Airbus (A320).
The whole of the aerospace industry has taken a hit but some sectors are affected worse than others. The new build sector is expected to outperform the after market sector.
Senior supplies the new build markets. Boeing and Airbus are tough and persistent on pricing so no freebies. A tough market - Senior may never again see those 13% margins - but they are operating in the right sector. At some point the after market sector may be more favoured but probably not for several years."
I do believe it is:
https://www.bbc.co.uk/news/business-55177846
Is all 737 Max related.
Saw this on Yahoo Finance, but not sure if I'm allowed to post the link yet.
#https://uk.finance.yahoo.com/news/delta-hints-possibility-purchasing-boeings-155214543.html#
jax05, I’m invested here and inclined to agree with your timescale.
Last July I outlined my experience as an investor in SNR following the 2008 financial crisis and the degree to which we might see a similar multi-bag outcome this time round.
My view hasn’t changed but the intervening period has reminded me how difficult it is to stay the course. I felt the recent trading update painted a bleak picture over the near term and through 2021. Production profiles involve the alignment of many suppliers plans, so it was clear from the commentary that much of 2021 is ‘baked in’. But I was satisfied that SNR is a viable business which will in time come through the current problems.
So, what is the time horizon?
Essentially, it will come down to the speed and level of any return to normality for air travel. Posters and investors here will have a view on this and invest accordingly, but frankly nobody knows the future outcome. I’ve decided that there will be a high degree of a return to normality with a higher level of uncertainty about how that effects the new aircraft production profile, which is what matters most to SNR.
We approach an exit of a very different crisis to 2008 which, I think, throws up greater challenges to SNR than 2008. But in reviewing SNR in 2009 and SNR in 2020, it is clear to me that SNR is a larger business with a greater distribution of valuable assets in the right regions – US and Asia – than it had in 2009 and its balance sheet is equally secure with a modest level of debt weighted against those assets.
Bottom line. This investment is in the ‘hold for 2025’ category. Unlike the post 2008 period I will resist any temptation to take short term profits or trade patterns. I tried it last time and on review a better policy would have been to add on pull backs, rather than somehow managing to sell ahead of them and buying back cheaper. Over the next five years each year is likely to provide at least one such ‘opportunity’. I might get one right but my experience has taught me that I will not get them all right, and if SNR does multi-bag over the next five years then an ‘hold and add’ strategy will prove best.
I’ve other investments on shorter investment cycles, to occupy my trigger finger.
well done! :)
Any company in the aviation sector which survives this will inevitably come back stronger by in part filling the gaps that fallen companies leave behind. I believe Senior will survive this and in 2-5 years time the SP will be multiple of what it is currently.
Yes....I don’t disagree but I was over exposed after a good run..
Proceeds went into cpi and cost.
Still have half...
GL
Looks ready to break out to me test 80p lvl
At 71-72p to buy others..
Still holding half..
GL
That explains a lot.
Looking good here.
Just noticed bloody sandbar has closed their shorts completely!
GLA