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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Weir Group Plc | WEIR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -6.00 | -0.29% | 2,096.00 | 11:48:40 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 2,106.00 | 2,086.00 | 2,110.00 | 2,102.00 |
| Industry Sector |
|---|
| INDUSTRIAL ENGINEERING |
| Top Posts |
|---|
Posted at 03/3/2021 00:33 by philanderer Investors Chronicle:Thanks to the surge in mining interest last year, Weir’s share price more than doubled between the March equities crash and the start of 2021, to over 2,000p. There was a 5 per cent fall to under 1,950p after the release of the 2020 results, perhaps from shareholders perturbed by the lack of a dividend. The shares are not cheap, valued at 22 times forward earnings, but we think the group will deliver through the mining rush. Buy. |
Posted at 02/3/2021 11:32 by philanderer Commenting on the results, Brewin Dolphin senior investment manager John Moore said that if the company continues on its current track, it could shortly make a return to the FTSE 100."The change in fortunes is also a vindication of its management team’s decision to exit the oil and gas sector and instead focus on mining, a market that has recovered well from the depths of the pandemic. "Weir has upped its spending on innovation and engineering technology, helping to reduce water and energy usage, as well as waste output, for customers giving the company some ESG merit for investors focussed on change and sustainability." He added: "While the dividend hasn’t been re-instated today, there is at least a commitment in its capital allocation policy to resume payments in the not-too-distant future, possibly funded by more exciting growth potential than has been the case for some time." |
Posted at 29/10/2019 22:21 by smcni1968 Stifel:Weir Group PLC (WEIR LN, Buy) - Cutting forecasts to reflect O&G backdrop; but Mining aftermarket should remain strong. We are reducing our Weir group forecasts, primarily to reflect the fact that North American upstream O&G markets have shown clear signs of further deterioration over recent months. We are also adding a little more caution to our Mining OE assumptions for 2020E, given the macro backdrop and the increased hesitancy that this appears to be causing on new capex plans. We think, however, that investor gloom on shale markets is already well established, and that the much larger aftermarket side of the Minerals business should remain strong (and highly profitable): an array of peer data late last week is supportive of this view. This is critical, as the cashflows of this business should allow the group to navigate through the O&G challenges, and gradually start to pay down debt (we expect net debt/ebita at 2.5X at year end). On this basis, we think that the shares look good value, and should be well placed to benefit from any 4Q rally in cyclicals, particularly given the upcoming (Dec 6) Minerals-focused CMD. But we need to get through the Q3 update first (Nov 5), and see some risk that O&G is even worse than we now forecast in the short term. TP reduced from 1750p to 1550p. |
Posted at 05/3/2019 11:26 by wattene Government Petition to Ban shorting of London AIM stocks.The AIM stock market is where smaller companies list their shares rather than using the prohibitively expensive main London Stock Market. This is an important market for the growth of smaller UK companies. In challenging times, shorters seek to borrow the company's shares from a holder for a consideration and to buy them at a later date. They immediately sell these shares which, due to the relative illiquid market, sends the price much lower and hence the shorters can buy them at that lower price - pocketing the difference. The only beneficiaries are the shorters and the market makers with the losers being the reputable company and it's bona fide investors. |
Posted at 31/1/2019 14:02 by philanderer First Reserve digs deep for £300m Weir armBuyout firm First Reserve is bidding for the Glasgow-headquartere The FTSE-250 engineer Weir Group is closing in on a £300m-plus sale of a division which supplies pumps and valves to the global energy and power sectors. Sky News understands that First Reserve Management, a US-based private equity firm, is among a number of bidders for Weir's Flow Control unit. An auction of the business, which has been underway for several months, is likely to conclude in the next few weeks. Sources said that at least one other financial investor was also competing to buy the Flow Control division from Glasgow-headquartere The disposal of the business was triggered by Weir's $1.3bn takeover of ESCO Corporation, a market leader in surface mining tools, last year. |
Posted at 06/9/2018 12:51 by philanderer Alphaville...Weir Group PLC (WEIR:LSE): Last: 1,677, down 109 (-6.10%), High: 1,699, Low: 1,640, Volume: 1.24m BE Problem is Permian. 11:24 am BE And a slowdown in original equipment orders BE This is an unscheduled update ahead of an investor roadshow where awkward questions might've been asked, so Weir's pre-empting of that is something to applaud. BE Gist here is that over the past two weeks, Weir's the aftermarket business had begun to see signs of pricing pressure and a big softening in demand for original equipment 11:27 am BE As well as some order book delivery deferrals BE Whether two weeks of trading is overly significant is the unknown here. BE Here's UBS. 11:28 am BE Current consensus expects a 20% y/y increase (UBSe 15% y/y) in 2H18 Oil & Gas revenues, implying a 13% sequential increase 2H on 1H. In a scenario where Weir's Oil & Gas revenues hold flat in the 2H, this implies a 7% cut to Oil & Gas revenues (2% to Group revenues). Given the considerable amount of operating leverage in the business, we estimate a 15% impact to Oil & Gas EBITA, bringing the margin to ~14%, compared to current consensus of 15.8% (UBSe 15.3%). This would result in a 5% cut to Group EBITA and a 6% cut to Group EPS. BE Note also Slumberger and Halliburton both warning in recent days of US shale-related bottlenecks Patience Testing.... BE The issue remains how long this softness continues (we continue to believe that this is a temporary issue, although it is still painful and won't be resolved overnight). 11:30 am BE That's Jefferies. |
Posted at 06/9/2018 08:02 by philanderer from today's RNSInvestor Roadshow Update RNS Number : 9269Z Weir Group PLC 06 September 2018 "..... there was a considerable softening in demand for original equipment and some order book delivery deferrals." |
Posted at 24/8/2018 11:57 by philanderer Alliance news... midday market report"A rebound in copper, platinum and palladium has helped mining stocks. The cooling of the Chinese economy has triggered major volatility in the metals market, as investors are worried about future demand. For the time being, the size of the tariffs being imposed on Chinese goods imported into the US are relatively small, but if it is drawn out, it could chip away at growth," said David Madden, market analyst at CMC Markets. |
Posted at 15/8/2018 12:15 by philanderer Goldmans..The sell-off in Chinese equities has continued today (CSI SSE index are down by c.2%) even as the PBOC conducted 383b yuan of MLF (1y, 3.3%), 46.5b yuan more than the expiring 336.5b yuan - a dovish sign. Despite the continued dovish signs from the policymakers, the commods miners have remained in the penalty box as the market remains concerned about: a) the ongoing EM growth concerns and b) the continued decline in yuan. Until this is resolved, we believe that investors are likely to remain cautious on the commodities / miners. |
Posted at 01/8/2018 12:45 by philanderer Investors Chronicle:IC View Weir is delivering on its strategy with the precision you would hope from an engineer, but as so frequently the case in recent years, the shares are hardly short of fans. Then again, a recent pull-back looks like an opening, ahead of a first contribution from ESCO. With an enterprise value to cash profits multiple of 11 well below the two-year average, we move to buy. Last IC View: Hold, 1,984p, 31 Jul 2018 |
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