Weir Share Discussion Threads

[tday] 10/7/2024 15:11

Quiet today

[philanderer] 13/12/2023 16:38

1.5 million traded , mostly sells - mine included.

Luck to holders.

[philanderer] 13/12/2023 13:03

Seller stepping in on any bounce.....900k printed now.

[philanderer] 13/12/2023 10:21

Somebody's dumped 50,000 ..... over 500k printed so far today

[philanderer] 08/12/2023 10:07

JPMorgan cuts Weir Group price target to 2,075 (2,400) pence - 'overweight'

[philanderer] 07/12/2023 00:28

Peel Hunt’s preliminary forecasts for 2026 suggest earnings of £620 million and a per share figure of 163p, a “significant step forward” should Weir make the 20% margin target.

The broker noted Weir’s compounding potential, given that demand for spares and expendables has resulted in annual after-market growth of 7% since 2011.

It said: “We have highlighted that we see Weir as one of the most compelling compound growth propositions in the sector. Today’s announcement reinforces this confidence.”

Peel Hunt’s target price of 2,530p puts Weir on a valuation multiple of 20 times 2024 earnings, compared with Swedish mining and infrastructure equipment firm Epiroc AB Share B (OMX:EPI B) on 23x.

Weir, which rejoined the FTSE 100 index last year has risen by about 15% since falling to 1,675p at the end of October.


II.CO.UK

[philanderer] 06/12/2023 15:23

Weir Group rose 3.3%, the best large-cap performer. It announced a 20% operating margin target for 2026, with the mining technology company upping its cost saving target.

It now targets £60 million in absolute savings in 2026, doubled from its previous £30 million aim.

[philanderer] 06/12/2023 10:02

And it's a good one :-)

[philanderer] 05/12/2023 14:01

Capital Markets Day tomorrow.

[philanderer] 04/12/2023 13:44

'New study by Weir highlights big energy saving opportunity in mining'

[philanderer] 23/11/2023 15:09

Weir Group snaps up mining AI tech firm


Mining technology group Weir has announced it is buying SentianAI, a Sweden-based developer of AI tech that optimises minerals processing performance.

The deal, made for an undisclosed amount, is hoped to accelerate Weir's digital capabilities to provide "enhanced productivity and sustainability offerings to customers".

Based in Malmö, SentianAI's AI algorithms learn and adapt to the dynamic processes within a mine, providing continuous improvement and optimisation over time.

"Digital technology has an important role in helping address the challenges of declining ore grades, production efficiency, and CO2 emissions for our customers," said Weir chief executive Jon Stanton.

"SentianAI's advanced software solutions complement and will bridge our Synertrex® and Motion MetricsTM technologies well. Together, these will enable us to provide holistic performance monitoring and optimisation for smart, efficient and sustainable mining."


Sharecast.com

[philanderer] 06/11/2023 10:26

Weir becoming a growth compounder, says Peel Hunt


Engineering group Weir (WEIR) is evolving into a growth compounder, says Peel Hunt.

Analyst Harry Philips retained his ‘buy’ recommendation and target price of £25.30 on the Citywire Elite Companies AA-rated specialist oil engineer, which rose 1.7% to £17.49 at the end of last week.

He said the group showed ‘significant confidence’ in reiterating 2023 guidance for ‘strong organic revenue growth, a 17% operating margin, and 80-90% free operating cash conversion’.

‘Trading on a 2024 price to earnings of just 13 times, with a mid-to-high single-digit through-cycle revenue growth target and margins in the range of 17-20%, we believe this pure play mining equipment company offers a good opportunity,’ said Philips.

He thinks the fact the figures are underpinned by a recurring revenue profile given the stock’s ‘powerful and proven compounding theme’ makes Weir ‘one of our top picks in the sector’.

‘We believe the capital markets day on 6 December can be a catalyst in the rerating as the growth and compounding elements of the business become clear,’ he said.



Citywire.com

[philanderer] 03/11/2023 13:40

Bank of America raises Weir Group price target to 2,450 (2,400) pence - 'buy'

[philanderer] 01/11/2023 14:45

'Weir maintains guidance despite falling orders in Q3'


[...]

[philanderer] 08/9/2023 09:52

Deutsche Bank raises Weir price target to 2,165 (2,100) pence - 'hold'

[philanderer] 04/9/2023 08:49

Jefferies raises Weir price target to 2,330 (2,275) pence - 'buy'

[philanderer] 21/8/2023 13:29

Weir a compelling opportunity, says Peel Hunt


Industrial company Weir (WEIR) has an increasingly well-proven model, but the opportunities it offers are still not fully understood, with 75% of recurring revenues in markets that have to grow, said Peel Hunt analyst Harry Philips.

Interim results last week showed earnings after debt of £212m – which beat Peel Hunt’s £195m forecast – while the order book was up 2% to a record high of £1.3bn, underpinning the company’s journey to sustainably higher margins in the 17-20% range, he said.

He increased his full-year guidance to £460m with a 17% margin – up to £495m in 2024 and £535m in the following year – while earnings per share increased 5.4%, 4.3% and 4%, respectively. Net debt of £595m and leverage of 1.2 times falls to £290m and 0.5 times by the end of 2025, opening up multiple capital allocation options.

‘The recurring revenue content within Weir (75% aftermarket in process-critical applications) is evolving into a powerful and proven compounding theme,’ Philips said.

He raised the target price to £25.30. In a bad week for the UK stock market, shares in the Citywire Elite Company fell 4% last week to close at £17.72 on Friday.


citywire.com

[philanderer] 02/8/2023 08:35

SocGen raises Weir Group price target to 2,410 (2,360) pence - 'buy'

[philanderer] 01/8/2023 16:24

Engineer Weir Group boosts outlook as miners invest in sustainable techngineer Weir Group boosts outlook as miners invest in sustainable tech

[philanderer] 01/8/2023 13:15

Good update, shame it's on a poor market day and soft China news.

[pugugly] 01/8/2023 06:55

Half year report looking very promising - or have I missed something?

[philanderer] 27/7/2023 23:18

Results due next tuesday 1st august.

[philanderer] 27/7/2023 11:44

Need a new CFO

[philanderer] 19/7/2023 08:53

JPMorgan raises Weir price target to 2,175 (2,040) pence - 'overweight'

[philanderer] 11/7/2023 10:18

Deutsche Bank predicts strong second half for Weir


Engineering group Weir (WEIR) has seen stabilisation in its markets that could provide margin improvement in the back half of this year, says Deutsche Bank.

Analyst Christophe Menard retained his ‘hold’ recommendation, but reduced the target price from £21.35 to £21 on the Citywire Elite Companies AA-rated business, which climbed 1.3%, or 22.5p, to £17.36 on Monday.

He is expecting the first-half results from the group to be largely in line with guidance earlier this year and for full-year 2023 guidance to remain on track.

‘We see orders up 2.5%, sales up 6.6%, and ebit up 13%, with a 95 basis point margin improvement,’ Menard said. ‘We expect the ebit margin improvement to be more skewed to the second half… At a divisional level, we see minerals ebit margin improving by 90 basis points in the first half, but Esco (the mission-critical products division) more timidly by only 20 basis points.’

He added that infrastructure performance was ‘seen as stabilising across 2023’ and both divisions ‘should see steeper margin improvement in the second half, thanks to performance excellence delivering more forcefully on operational efficiencies’.


citywire.com