Weir Share Discussion Threads

[tratante] 15/7/2011 10:23

Article in IC cites Weir as a possible bid target. Nothing specific suggested just that it would be of interest to one of the big conglomerates. must admit I have thought about them in those terms.

[tommy51] 13/7/2011 18:29

I'm tempted to take profits too, but do believe this rise is sustainable . It is not just US who are into Shale Gas but Europe too, and i see a steady demand in the next few years for Weir products.

[phil140158] 13/7/2011 15:35

Better day today. Back for another challenge on the 2200! Broadwood - thanks for the date of the interims. As things stand, I'm holding for the results. Having said that there is a lot of profit on the table, so it wouldn't take much to change my mind.

[broadwood] 07/7/2011 12:56

Prudential have sold a few.

[broadwood] 07/7/2011 12:56

2 August 2011Announcement of Interim Results - 9:15am BST, at UBS, London

[phil140158] 29/6/2011 20:16

New all time high today. Given Knowsleyman's assessment of the presentation, perhaps the broker's targets are acheivable. Tommy, I remember making money on Henry Boot when they split the shares a few years back, so bring it on. Given the state of the market, WEIR looks expensive, but it has held up really well over the past week or so. Firm hold or buy on weakness for me! GL all holders.

[knowsleyman] 28/6/2011 09:14

tommy51

No mention of anything to do with the share price or share splitting.

The presentation was based on just how well the company is doing in the oil and gas fracking business and how they have secured a leading position in the supply of these high pressure pumps and that some of the earlier models are wearing out and need spares or total replacement ensuring a good sales flow. The growth figures quoted are well beyond expectation, or even hope.

[tommy51] 27/6/2011 10:05

knowleysman - any chance of a 5 min summary ;-) . Something that has been mentioned frquently is the opportunity for a share split , 2: 1 or 4 :1 . While materialy it doesn't affect your holdings , psycholoigically it does seem to make shares more "affordable" in people's eyes.

[knowsleyman] 23/6/2011 14:58

After a splendid markets presentation I would have not expected a fall today!!!

It does take over 2 hours to listen to, but very good.

[phil140158] 16/6/2011 11:21

SF - Aggreko is a Scottish company much loved by the market (up 'til now!). I thought AGGK was expensive at 600, but it has pushed on really well. Question is: can WEIR reach the broker targets of 2100 - 2200?

[scottishfield] 14/6/2011 21:49

any others in this sector that anyone likes? I rather fancy mro & hmy generally. weir worth sticking with presently no doubt, wish i had been in this one for a lot longer. gl all

[nellie1973] 13/6/2011 10:16

Broker note out-BUY target 2250p

[phil140158] 09/6/2011 17:09

Well that definitely is a finish above £20! It was moving up a.m. whilst miners were down and then surged in the afternoon. Excellent. Hope that £20 will be a support now.

[tommy51] 07/6/2011 21:55

Yes that's a shame , I wonder if there are alot of "Sells" sitting at £20. On the plus side once breached it could well prove a support as we move up. For what its worth I also track some TA indicators via Digital Look. All showing +ve signs ; RSI 58, Fast Stochastic 91, MACD looking good , share price above rising 15/50 EMA.

[phil140158] 07/6/2011 16:54

I don't think that counts as finishing above £20! Where to now? If the analysts are to be believed, onward and upward. Thoughts anyone?

[broadwood] 07/6/2011 15:36

CR Suisse says Outperform - TP - £21-30.

[phil140158] 31/5/2011 13:52

knowsleyman - I posted that earlier - and I still think that would be the way to go.

[knowsleyman] 30/5/2011 09:24

Maybe a 5 for 1 share split would help?

[phil140158] 27/5/2011 11:46

martyn - I thought 1800 was a pyschological barrier, but it smashed that easy enough!

[martynm] 27/5/2011 10:14

tommy, agree, however 2000p could be a psychological barrier.

[tommy51] 27/5/2011 09:15

Cheers martynm, I've never figured out why people actually believe Broker's targets , I usually subtract current share price from their target and half the predicted rise. But hey , it all helps, if we can get above £20 and stay there the momentum may attract a few people too.

[martynm] 27/5/2011 08:10

tommy - also another @ 2125p

[broadwood] 27/5/2011 08:09

And maybe this is sinking in.

First quarter performance was strong with the Group benefiting from a record opening orderbook, a positive contribution from the 2010 acquisitions and significant input growth, including record quarterly orders for the Minerals and Oil & Gas divisions. Based on this performance, the Board now anticipate full year profit before tax and intangibles amortisation will be around GBP20m ahead of our previous expectations after taking account of year to date adverse foreign currency translation effects

[martynm] 27/5/2011 08:05

tommy - Broker target of 2250p