Updates

Senior - Gain to date: 96%

May 2015

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.

The shares hit new highs after Senior announced the acquisition of Lymington Precision Engineering (LPE) for an initial £45.8m, plus “earn-out” of up to £31.7m.LPE is a leading manufacturer of precision-machine components, fabrications, assemblies and kit sets for the oil & gas, telecoms, aerospace, defence land and sea systems, nuclear and marine industries. The company reported sales of almost £43m and EBITDA of £7m.Given current weak oil prices LPE, which derives 85% of sales from oil & gas, is expected to produce lower profit this year but the deal is still expected to be immediately eps enhancing.Earlier, Senior produced final results in line with expectations. Revenue ro ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Supergroup

TMI Trader Portfolio - May '15

Senior - Engineer riding boom in commercial aerospace (October 2014)

Senior - Eps enhancing acquisition (May 2014)

Senior - Price target lifted from 268p to 305p (October 2013)

Senior -Benefiting from up swing in production of large commercial aircraft (May 2013)

Senior (December 2012)

Senior - Largest customer still bullish (September 2012)

Senior - Upturn continues in main commercial aerospace market (May 2012)

Senior - Supplier of components to commercial aircraft performing well (February 2012)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X