
Senior PLC: Aerospace Component Maker Poised for Takeoff?
✈️ 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.