Weir Share Discussion Threads

[scottishfield] 03/1/2012 08:25

good luck all, for 2012.

[rathlindri] 28/12/2011 12:49

nice looking chart today

[phil140158] 21/12/2011 13:47

Patience - SF. There's no way it'll finish in the red today. Having said that I see Dow and S&P futures are down. Anyone see the broker note from Liberum (?) - it was mentioned in the Times this morning?

[scottishfield] 21/12/2011 13:38

my topup at £20 not looking so inspiring !

[phil140158] 15/12/2011 13:47

Two great day trading opportunities, yesterday and today. Sometimes I agree with ICFA that WEIR is over valued, but on balance I remain long on WEIR. The world-wide opportunities for shale oil and gas development are a very compelling argument, driven of course by Brent crude at $105 a barrel. We need to look beyond the eurozone troubles that tend to dominate our mood and thinking. Hope your trading with a stoploss, ICFA!!

[icf absolute] 08/12/2011 12:05

Just gone short this company, operating margins are no way sustainable at these levels, usually a 7.5% operating margin business!

[scottishfield] 05/12/2011 15:29

whats up with weir today? Just a breather? edit, perhaps something to do with having risen 15% last week.

[phil140158] 02/12/2011 03:34

GI - WEIR is a great day trading share, as you say, switching between long and short. Late Wednesday afternoon being a great example. Peaked at 2080 and fell away 'til the close and then opened down, falling until Thursday morning. I didn't trade it 'cos I'm too busy to watch! Still holding 1600 shares though and hoping for £25.

ps I don't live abroad. I've got 'man flu' and am up for medication!

[scottishfield] 01/12/2011 21:58

good strength by weir.

[apad] 29/11/2011 12:21

GI
I looked at current assets less current liabilities (free cash) and they are 243 million, which is appropriate re debt.
WEIR's easily defined customer base has reduced its volatility compared with some other of my tech. stocks (RSW from 300% profit down to 20% profit is the prime example - and I can't find anything too wrong with them either!).
apad

[greek islander] 29/11/2011 12:12

APAD
Very sensible approach and I always try to get a handle on the negatives. I now have 14 holdings and I can see obvious and less obvious negatives in 12 of them and have tempered my enthusiasm accordingly. Sometimes - as with my biggest holding GNG - one has to appreciate that the risks are great but the rewards are potentially greater. A commentator once wrote that "the maximum loss is 100% but the potential gains are limitless".
Re Weir - of course you quite rightly point out the slowly growing debt figure but it is not historically high for such a huge active company and as revenues and profits accrue, so will debt mainly to finance the running and expansion of that business. Otherwise, we would be concerned that Weir was not maximising its potential for growth. However, any moves to lower debt whilst welcome cannot be priority when the business is still growing quite fast.
The share price has been quite volatile of late which is why I cashed in all my spreadbets this morning. Transferring the cash profit into stock. I will keep a watching brief before returning into spreadbetting this company.
If Weir can continue to show such solid impressive growth in what is one of the worst recessions in history then they not only remain a solid hedge against the market decline in general but threaten a share price north when things get better. I can see such a stock with a PE of up to 30 in better times, allied to further imminent increases in profitability.
A good short, medium and long term buy if ever there was one. However APAD it is great to have people like you to draw in our horns a mite.

It's all about a balanced argument.

[apad] 29/11/2011 11:38

Such BB enthusiasm always makes me nervous. WEIR is 5% of my portfolio and I always look for negatives with large holdings, so I have been looking to find reasons to be cautious.
2010 results showed an increase in employee numbers of 1100 (Interims no comment)
2009 debt was 120m, 2010: 283m, 2011 int: 290m.
My (very conservative)PER estimate is 18.
Yield about 1.4%,
sp was £20 last June. Only just caught up with the FTSE over the last 3 months.
Despite the capital intensive nature of the business I would like to see debt reducing, particularly as employee base costs are increasing rapidly (assumption).
Opinion:
Slightest bad news and there will be blood on the streets.
sp is catching up with previous nervousness.
HOLD
Anyone else looking for negatives?
apad

[greek islander] 29/11/2011 10:59

With such a stunning recent interim statement, it is hardly surprising that this stock is now steadily rising - helped by my building a big stake here.

Stocks such as WEIR and NBL with huge recent results/RNSs showing a fast forwarding revenue stream and a great solidity in financials (to say the least)look a real hedge against the current market conditions. I can see that - even in the current climate - WEIR making its way up to 2500 and beyond and if these awful conditions improve even slightly then this will look a dreadfully undervalued stock.

One to buy and tuck away

[scottishfield] 29/11/2011 10:34

Racing through the gears today also. It's been very perky of late, I know the mkts had a good day yesterday, but even so, I wonder if somethings up? (just mulling)

[tratante] 28/11/2011 19:01

let's hope we can crack the 2000 barrier, only a matter of time.

[scottishfield] 28/11/2011 10:23

I bought some more this morning (rightly or wrongly).

[tratante] 28/11/2011 09:41

... and again today!

[scottishfield] 24/11/2011 09:34

well that's a v positive open today !

[phil140158] 23/11/2011 10:25

I think it is a great acquisition for WEIR and the long term share-holders. In the short term there should be buying opportunities - "on completion the purchase will be completed in cash, using new and existing bank facilities". Anyone know if WEIR are paying a decent price for Seaboard?

[scottishfield] 23/11/2011 09:36

might very well be worth adding at these levels.

[tratante] 23/11/2011 09:28

Another acquisition, and the bit I especially like is,

"In line with Weir's acquisition criteria, the acquisition is expected to be immediately earnings accretive and post tax returns are expected to exceed Weir's cost of capital by 2014"

[phil140158] 14/11/2011 11:15

tratante - also a big article in Bloomsberg Business Week about shale gas production in the US - a huge industry with enormous potential. WEIR seems reluctant to break through the 2000 at present. Bet the Greek Islander has a short on today!

[tratante] 14/11/2011 09:02

Article on shale oils in this week's IC - Weir's involvement noted.

[tratante] 11/11/2011 12:57

straining at the leash! let it break free!