Updates

Senior - Upturn continues in main commercial aerospace market

May 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

With sentiment continuing to warm to firms with exposure to commercial aerospace, it was no surprise that Senior's shares hit a new high over the month. Final results were also strong, with pretax profit rising 19% to £78m on turnover that rose 13% to £641m. Eps went up 21% to 14.5p. In aerospace, which makes engine structures and parts for airframes, turnover rose 15% to £383m and profit 19% to £59.6m. This was driven by large increases in production of large commercial aircraft, which account for 57% divisional sales: Boeing and Airbus delivered a 4% increase in aircraft to 1,011 but more importantly they reported combined net order intake of 2,224, more than twice the rate of deliveries, making for a hea ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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