Senior’s share price seems to be factoring in much more forecast risk than we perceive. We have slightly reduced forecasts today to reflect some headwinds, but feel that the Group offers much stronger visibility than most of its peers thanks to its large rump of commercial aerospace business. Overall, the outlook should remain positive into 2016 and we continue to feel that Senior could be an M&A target (or acquirer) in an active sector, e.g. Berkshire Hathaway’s recent acquisition of Precision ....
01 Oct 2015
Strong aerospace visibility
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Strong aerospace visibility
Senior plc (SNR:LON) | 177 5 1.6% | Mkt Cap: 742.8m
- Published:
01 Oct 2015 -
Author:
Jon Lienard -
Pages:
4
Senior’s share price seems to be factoring in much more forecast risk than we perceive. We have slightly reduced forecasts today to reflect some headwinds, but feel that the Group offers much stronger visibility than most of its peers thanks to its large rump of commercial aerospace business. Overall, the outlook should remain positive into 2016 and we continue to feel that Senior could be an M&A target (or acquirer) in an active sector, e.g. Berkshire Hathaway’s recent acquisition of Precision ....