SNR
✈️ Senior PLC, a British company specializing in components for the aerospace industry, has been significantly affected by Boeing’s problems and delays in aircraft production.
💼 A private equity fund made a purchase offer at 176 pence in 2021, and today the stock is trading around a price just 10% below that offer, suggesting that if the turnaround is fulfilled, it could revalue much more.
📈 If Boeing can normalize its 737 Max production, Senior could recover past earnings levels; internal calculations estimated in 2022 that Senior could go from earnings per share of eight pence to more than 20 pence.
@bernardodegarcia:
“Senior PLC. This is an English company. Senior PLC. These are in Pence. It is trading at 165 right now. It is a British capital company specialized in components for the aerospace industry. Senior was founded in the 1930s and is dedicated, among other things, to fluid conduction systems for aircraft, something quite necessary. It has been greatly affected by Boeing’s problems with delays in aircraft production. The decline in activity after the pandemic has also affected it, and some competitive pressure has been felt. Senior is relatively small compared to giants like Safran or Rolls-Royce, but precisely its size makes it more interesting for us and sensitive to the reactivation that is taking place within the aerospace sector. If Boeing can normalize its 737 Max production, Senior can recover past earnings levels. In 2022, it was estimated that Senior could go from earnings per share of eight pence to more than 20 pence, according to internal calculations. In 2021, a private equity fund, Longstar, made a purchase offer at 176 pence, and it is now trading at 163. And it was rejected directly.”
Watch the exact part of the @bernardodegarcia video where Senior PLC is discussed here:
View the video on YouTube.
Read more articles analyzing Senior PLC (SNR) at the provided link. SNR stock.
