Share Name Share Symbol Market Type Share ISIN Share Description
Weir Group LSE:WEIR London Ordinary Share GB0009465807 ORD 12.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -22.00p -1.15% 1,887.00p 1,884.00p 1,887.00p 1,918.00p 1,857.00p 1,893.00p 1,418,793.00 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 1,917.7 -199.8 -83.6 - 4,108.72

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Date Time Title Posts
02/12/201611:27Weir Group plc1,155.00
19/9/201621:09Analysts' View on Weir Group (WEIR)-
15/8/201420:44Zak Mir live Charting on TipTV offering a technical view on The Weir Group PLC 1.00
26/5/201411:06confuse1.00
11/2/200611:53220p support level or l;imit?37.00

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DateSubject
03/12/2016
08:20
Weir Group Daily Update: Weir Group is listed in the Industrial Engineering sector of the London Stock Exchange with ticker WEIR. The last closing price for Weir Group was 1,909p.
Weir Group has a 4 week average price of 1,742.65p and a 12 week average price of 1,689.80p.
The 1 year high share price is 1,918p while the 1 year low share price is currently 764.50p.
There are currently 217,738,348 shares in issue and the average daily traded volume is 1,533,127 shares. The market capitalisation of Weir Group is £4,108,722,626.76.
22/1/2015
17:42
jeffcranbounre: Weir Group is featured in today's ADVFN podcast. To listen to the podcast click here> http://bit.ly/ADVFN0113 In today's podcast: - Chris Oil, financial writer and city investor will be chatting about a well known name who could be back in fashion. Chris on Twitter is @ChrisOil - And Rodney Hobson, a financial speaker, writer and author of investment books including Shares Made Simple, the beginner's guide to the stock market. Rodney on Twitter is @RodneyHobson - The micro and macro news - Plus the broker forecasts Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
17/12/2014
15:11
1gw: So buying a few at £25.44 and hoping for a short squeeze hasn't worked out. Now buying a few more at about £18 and hoping for a bounce (in the oil price and the share price). Not sure what to make of today's presentation. Although fairly upbeat in tone, it has the feel of a presentation put together at a much higher oil price. 22% of revenue from US shale oil (slide 10) with the Goldman Sachs new field breakeven cost analysis chart (slide 4) isn't very encouraging when you overlay today's oil price on the chart, particularly when another 36% of revenue is coming from the minerals business, which faces its own commodity price challenges. htTp://www.weir.co.uk/media/93902/analysts-presentation-dec-2014.pdf
06/5/2014
17:57
1gw: Share price has recovered to where it was before Thursday's IMS. Could do with a few broker upgrades now to get things motoring.
31/7/2013
15:03
major clanger: Weir: Deutsche Bank maintains positive stance 31st July 2013, 08:46 Deutsche Bank is more optimistic than most on pumps group Weir [LON:WEIR], whose latest update on Tuesday was widely viewed as disappointing. The Deutsche analysts are obviously glass-half-full kinda people as they characterized the performance as resilient and looked to alight on the positives (such as an increase in profit margins) rather than the negatives (the top line performance). The German bank retains its 'buy' on the stock, but has trimmed back its price target by £1 to £23. At 8:44am: Weir Group share price was down 20.5 pence at 2,143.5 pence. Courtesy of hxxp://www.brokerforecasts.com/news/article/articleId/4641840
08/4/2013
15:30
broadwood: All explained. Upbeat comments from Bank of America (BofA) had boosted the share price of industrial engineering firm Weir Group on Monday afternoon. Weir, a global engineering firm with nearly 200 manufacturing and service facilities around the world, was up 4.44% at 2,281p in afternoon trade after BofA highlighted more upside to its current share price. The group operates three main divisions: Minerals, which provides slurry handling and mine dewatering equipment; Oil and Gas, which makes pumping and pressure-control products; and Power and Industrial, which manufactures valves, pumps and turbines. BofA retained its 'buy' rating for the stock in a research report this morning but raised its target price from 2,300p to 2,500p, following a visit to Weir SPM, the unit responsible for well service pumps and high-pressure control products which accounts for 23% of profits. Barring a substantial fall in the oil price, the broker believes that SPM's markets are at or around trough, but a number of internal measures should drive improvement and differentiation, "including further incremental cost savings, service network and bundling and new products". BofA said that despite a strong performance in 2013 so far (up 21% year to date), Weir is still trading at a discount to the sector with a price-to-earnings ratio of 14.3. "The company remains well placed and given the measures being taken at SPM, we believe Weir can trade back to its 10-15% historical premium versus the sector – which is reflected in our higher 2,500p price objective." Meanwhile, Weir announced on Monday that Norges Bank, one of its largest shareholders, has raised its stake in the firm to over 3.0% after buying up shares.
15/3/2013
07:32
apad: IC Weir (WEIR) has a reputation as a favourite with short-sellers amid concerns about the valve and pump maker's exposure to shale drilling in the US. However, the smell of burnt fingers engulfed the City a few weeks ago following a decent set of full-year results. Weir's share price rose 14 per cent since the preliminaries and by three-quarters in the past nine months. That rally has now flushed out a couple of sellers and, curiously, both have been presidents of SPM, the major part of Weir's US fracking operation. Gavin Nicol, director of operations support and development, blinked first, selling out at 2,216p straight after the results. A patient Steve Noon, who runs the oil and gas division, held on and has just sold a £700,000 stake at 2,399p. The remainder is currently worth £1.8m. But, given a boost from the weak pound and prospects at Weir's minerals division, that nest egg should grow.
24/2/2013
08:22
phil140158: TGOM - food for thought in the last two posts from APAD and bigbigdave. Both present very plausible arguments, but support completely opposite points of view and outcomes for the share price! If profits exceed £408m and current trading and prospects for 2013 are better than expected (no sign of the 'caution/cautious' word) then the share price could rise sharply. edit: There are 212 million Weir Group shares. Imagine what would happen to the share price if all the shorted shares ( 15% of the total is 31 million!) were bought back at the same time! On the other hand we might see a repeat of what happened to Aggreko!
03/9/2012
06:59
cockneyrebel: From THE WALL STREET JOURNAL EUROPE) By William Lyons Shortly before Keith Cochrane joined British engineering company Weir Group PLC, the 141-year-old firm moved its headquarters out of its historic manufacturing site on Glasgow's South Side. It was, he says, a chance to "get away from being above the shop and get out of the hair of the local managers." It also gave the board and its 60-strong head-office team a new focus: they could get on with the job of running the global business without distraction. Sitting in the boardroom of Weir, there are no distractions; the decor is a master class in simplicity. Despite this being a company with annual revenue of more than GBP 2.2 billion ($3.49 billion), operating in 70 different countries and employing around 14,000 people, there is no palatial corporate headquarters; just an open-plan workspace on the fourth floor of a central Glasgow office block. It is easy to conclude Mr. Cochrane, with his clipped, no-nonsense manner, polished delivery and references to efficiency, productivity and focus, prefers it that way. "We are a very structured, disciplined business," says the 47-year-old, leaning forward at one end of the boardroom table. "Weir Group today in all senses is very different to the one that existed 10 years ago." The office move epitomizes the journey Weir Group has made. Today, the company has exposure and business operations in all of the major markets in the world and the U.K. accounts for less than 10% of its activities. "Part of that has come through acquisition," Mr. Cochrane says. "Part of it has been about becoming more efficient, more effective at what we do which is absolutely critical if you want to succeed in today's world." It was in 1871 that two brothers, George and James Weir, created a company to supply pumps to Britain's burgeoning shipping industry. The firm grew steadily through the 20th century, listing on the London Stock Exchange in the 1940s. But the country's post-war de-industrialization wasn't kind to the manufacturing sector based on the River Clyde, and by the late 1970s Weir found itself in difficulties. In the 1980s, under long-term Chief Executive Sir Ron Garrick, a process of change began -- moving into the products and services business. After a difficult time in the late 1990s, including a takeover bid and a boardroom shake-up by 2006, when Mr. Cochrane joined as finance director under the stewardship of Australian Chief Executive Mark Selway, the company's transformation was well under way. Out went the old pumps business, Weir Pumps, sold in 2007 for around GBP 45 million. A range of acquisitions followed that resulted in the creation of an engineering group specializing in selling pumps, valves and related parts to companies in the mining and energy industries. From providing slurry pumps to copper mines in Australia to fracking pumps for gas-extraction plants in North America, Weir's reach is now global. In September 2009, Mr. Cochrane was appointed chief executive. Just over a year later, the company entered London's FTSE 100 Index. "If you think back 10 years ago, Weir was a pumps business," he says. "Today we no longer think of ourselves as a pumps business. We are a mining, oil-field and power-equipment business. "When I took over as chief executive it was evolution not revolution. Mark [Selway] had done a fantastic job of building out the platform and together we had developed the strategy and vision for the group. It was about taking that platform and looking at how we could use it ahead of our end market." The firm is now a market leader in pressure pumps, ahead of FMC Technologies and Gardner Denver Inc. of the U.S., while its mineral division competes with Finland's Metso Corp. and Outotec, and FLSmidth of Denmark. Central to the change in strategy was the establishment of an after-market servicing business, which accounts for around 50% of the company's revenue. Like Rolls-Royce, the business model is not only to sell and install equipment but to service and repair it as well. The group now has 100 service centers around the world, which Mr. Cochrane says reflects the growth of the equipment manufacturing business. "We generated about a GBP 1 billion-worth of original equipment orders from the start of 2010 to the first quarter of 2012," he says. "That will translate, based on wear rates and life expectations of the products, into around a GBP 3 billion after-market opportunity in a 10-15-year period. Which, in turn, translates into around GBP 300 million of incremental revenues over the next three to four years." It is the company's diversity across a range of sectors -- mining, oil and gas, as well as after-market services -- that Mr. Cochrane says puts it in good stead to cope with any short- to medium-term downturns. The recent turmoil in the U.S. gas market is a case in point. Initially, Weir capitalized on the shale-gas revolution, providing equipment used in the extraction of natural gas from shale rock. Shale gas has been touted as enabling the U.S. to be energy-independent by 2030. Because of the company's exposure -- it supplies 50% of all high-pressure pumps in the North American shale market -- in February the share price reached a high of 2236 pence. Since that high, an oversupply in the U.S. gas market has hit demand. This has been compounded by uncertainty in the Australian mining sector. Weir's share price now stands around 1635 pence, after falling to 1397 pence in June. "There is no question the outlook in my mind for shale gas across the medium term, both in North America and other international markets where shale opportunities have been identified, is robust," he says. "In the last year or two we have seen significant pick-up in oil-related shale activity, so much so that people are now predicting within five or six years the U.S. will be self-sufficient in terms of oil production. "At the moment there is underutilization of the pressure-pumping fleets, which is impacting on the business. But that is a hiatus in the long-term positive development of this industry. Over time the opportunities are there, and it is an attractive place to be and be positioned." And the volatility in Weir Group's share price doesn't worry him unduly. "The share price will move about for a variety of factors on a day-to-day basis which are completely out with our control," he says. "For me the key thing is for us to deliver the targets we have said we will deliver against our strategy." Mr. Cochrane isn't a stranger to difficult circumstances. No sooner had he joined Weir in 2006 than the firm was embroiled in a legal case, accused of paying kickbacks to the Iraqi regime of Saddam Hussein through the United Nations' oil-for-food program. The case was resolved when Weir pleaded guilty to two charges of breaching UN sanctions on contracts and agreed to pay GBP 13.9 million to the Crown Office in Scotland. Mr. Cochrane himself appeared in court. Before Weir, Mr. Cochrane spent three years with Scottish Power PLC, which he joined after an eventful nine years with bus and rail transport company Stagecoach Group PLC. During his time there, he helped float the company and oversee its retrenchment from North America before leaving as group chief executive, to be replaced by founder Brian Souter. "You wouldn't go into business if you were afraid of challenge, and the challenges can sometimes be good and not so good," he says. "Irrespective of that, if we wanted an easy life we wouldn't be doing what we are doing." Stagecoach was his first corporate experience after several years at accountancy firm Arthur Anderson. He had, he says, "nine fantastic years" working alongside Mr. Souter. "We had some fun times," he says. "Some challenging times, but throughout we learned. I learned about focus, clarity of objectives and vision." He says his work at Weir is about bringing all that experience together into a different area of business. "I am not an engineer but it is about stepping back. Understanding the dynamics, drivers of each business and providing that clarity and vision of what you need to do to make it happen." In July, analysts at RBC Capital Markets suggested that, at share price levels around 1531 pence, the group could be a takeover target for Siemens AG or General Electric Co., which has a stated strategy of building a leading drilling and surface equipment franchise. Mr. Cochrane dismisses this scenario. "Look at where the group has come from over the last couple of years. Are we out of ideas as to how we continue to grow and develop the company? Absolutely not. We are still, to my mind, in terms of the opportunities, at the beginning of the journey." Subscribe to WSJ: http://online.wsj.com?mod=djnwires
04/5/2012
08:03
greek islander: If Weir were to do a share split so that the share price dropped overnight by nine tenths to 10% of its current value then I am convinced that the shorting would disappear. It remains at a price level where the share price movement is always exagerated and it appeals to spreadbetters and shorters. This was also the case with Abcam, but when its value per share was dramatically reduced so also was the manic movements up and down (mainly up) with which it had become known. Worries about a reduction in market has hung over Weir and its share price for years. Part of the problem is its size and breadth of operations making it certain that some element of its business is always under threat. The colly wobbles have been diffusing the share price for a while now. The sudden surge in value of the stock had to slow down at some stage. Maybe it is now ready to resume its rise up the charts. One concern is that Weir avoids acquisitions at the moment and stabilises its current operations. I have every faith in management who clearly work and plan for the long term. This is of great credit to a company that I have no doubt will continue to grow in every way. Yes, I remain very bullish especially if we get an upturn in the market overall.
03/9/2010
05:24
broadwood: edit Weir poised to join the elite with promotion to FTSE-100 FTSE Group has revealed Glasgow engineering company Weir is above 90th position in the size league of UK stock market-listed companies, the level required for promotion to the prestigious FTSE-100 index of leading shares. Weir Group, which has since Thursday last week enjoyed a £297 million leap in its stock market worth to about £2.68 billion, will be elevated to the top flight if it is above 90th spot when the stock market closes on Tuesday next week. Promotion for Weir Group, which yesterday announced an acquisition to double the size of its business in India, would increase the number of Scottish companies in the FTSE-100 to seven. Scotland has in recent years lost several FTSE-100 spots, as a result of Spanish company Iberdrola's takeover of ScottishPower, the acquisition of brewer Scottish & Newcastle by Heineken and Carlsberg, Electricite de France's purchase of British Energy, and the rescue of banking group HBOS by Lloyds TSB. Scottish & Southern Energy, Royal Bank of Scotland, Edinburgh-based oil and gas independent Cairn Energy, Dundee-based Alliance Trust, temporary power company Aggreko, and life and pensions company Standard Life are already in the FTSE-100. Aggreko, which like Weir Group has enjoyed a share price surge, was promoted to the FTSE-100 in December last year. Referring to calculations made after Wednesday night's stock market close, a spokeswoman for global index provider FTSE Group told The Herald yesterday: "It (Weir Group) is currently above 90th position. That is the threshold for entry to the FTSE-100. They are above that threshold for market capitalisation in terms of eligibility to enter the FTSE-100." FTSE Group will prepare its latest quarterly review of the FTSE-100 and its other UK indices based on the closing share prices of companies on Tuesday next week. This will then be presented for approval by the FTSE Europe, Middle East and Africa Regional Committee. The spokeswoman said: "If they (Weir) are still at that above-90th position on Tuesday night, they will be considered (for promotion)." The spokeswoman noted Weir Group met all of the other criteria, such as liquidity in the stock. Weir Group shares added another 4p to 1271p yesterday, having touched a fresh all-time high of 1293p during the session, on a day on which the FTSE-100 index edged just 4.63 points higher to 5371.04. Keith Cochrane has presided over a continuing surge in Weir Group's share price since he was promoted from the post of finance director to succeed Mark Selway as chief executive last November. Cochrane had to endure a far more torrid time when he was chief executive of Perth-based bus and rail company Stagecoach, which has in the past figured in the FTSE-100. Cochrane offered his resignation as chief executive of Stagecoach in summer 2002, after a plunge in the company's share price linked to troubles with its acquisition of Coach USA, and this was accepted by the transport group's board. Weir Group finance director Jon Stanton, asked about the prospect of the engineer's promotion to the FTSE-100, told The Herald yesterday: "We are not losing sleep about it. It would be nice in terms of the recognition it gives to our people, in terms of the progress the group has made over the last few years." He added: "If we get in, we get in. If we don't, we will continue to execute the growth opportunities we have got out there." Companies entering the FTSE-100 tend to attract funds which track this index. These funds have to hold shares in the FTSE-100's constituent companies. Weir Group has agreed to buy family-owned Indian valves business BDK Engineering Industries. The price was not disclosed but City sources estimated it at £40m. Stanton said: "It is only a small deal in terms of the scale of the business. What it does for us is fill one of the gaps we had strategically, which is our footprint in India. It will broadly double the size of our operations in India."
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