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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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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.

  • Epic Code:
  • SNR
  • Price:
  • 354.5p
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 ...

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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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