Weir Share Discussion Threads

[broadwood] 05/11/2012 11:20

The first three paragraphs say it;



Weir Group, the leading engineering company, says it is on track to deliver double digit profit growth this year.

It has reported that its global presence and diverse end market exposure, together with targeted cost reductions, has ensured that it is in a position to deliver full year 2012 profit before tax, amortisation and exceptional items in the range of £440m-£450m.

This is within the range of earlier expectations in July and in line with current market consensus. Conditions remained mixed across the Group's end markets, impacted by increasing global macro-economic uncertainty and resultant declines in certain commodity prices.

As anticipated, revenue and profit growth moderated in the third quarter as a result of the lower opening order book and reduced activity levels at SPM and Mesa. Group revenue and profits were ahead of the prior year quarter, benefiting from the impact of prior year acquisitions which continue to perform satisfactorily.

Group operating margins for the quarter were in line with both the prior year period and our expectations.

Reported order input for the Group in the third quarter was 8% down on the prior year and 15% lower on a like for like basis. As a result, reported order input for the 39 weeks increased by 2% (H1: up 8%) against the prior year period. On a like for like basis for the 39 weeks order input was 6% lower (H1: down 1%) with original equipment orders down 18% (H1: down 13%) and aftermarket orders up 6% (H1: up 11%).

[speedsgh] 05/11/2012 11:08

I actually thought the IMS was pretty downbeat but, going by the share price reaction, it obviously wasn't as downbeat as everyone was expecting. Hopefully WEIR can now push on to make new recent highs but it's ability to do so will no doubt be greatly influenced by the how the wider markets react to the result of the US presidential election.

[broadwood] 05/11/2012 08:24

Seems a reassuring statement - we'll see how the day goes.

[janeann] 05/11/2012 08:16

nor I; i sold out at end of last week and expected thered be down or level this am!

[phil140158] 05/11/2012 08:10

I wouldn't have thought that an IMS like this would result in a share price spike. Shorting certainly does cause marked swings in the share price

[tratante] 02/11/2012 16:03

Still a lot of shares on loan, over 20%.

[speedsgh] 02/11/2012 14:26

WEIR needs to post a new recent high otherwise it's in danger of starting a new downtrend imo. Should get guidance from the IMS on Monday -

[tratante] 30/10/2012 15:30

I hope you appreciate my act of self sacrifice! Happy to accept donations from the profits you make! I am hanging on to the rest, a sort of each way bet. Time will tell.

[phil140158] 30/10/2012 14:23

Oh tt! What have you done? Don't suppose you would consider selling some more of your holding! Phil

[tratante] 29/10/2012 11:01

These will fly today and a takeover will be announced on Weds by GE. How do I know? I lost patience and sold part of my holding on Friday because I feared a down trend was developing. I usually do the wrong thing! Good luck all.

[phil140158] 24/10/2012 16:38

tt - they say these 'gyrations' are buying opportunities. Well done, UHOUND 1653 looks a good buy for a day trade. Has it got further to fall, possibly with 22% of the shares on loan?

[tratante] 24/10/2012 16:17

These gyrations are so frustrating.

[apad] 24/10/2012 07:44

Stock on loan up to 22% (all time high I believe).
We were at 1400 in June, the market clearly believes this is possible again.
Global slow down with a falling oil price also a strong indicator.
apad

[uhound] 24/10/2012 07:28

Why the big drop this morning?

Have added at 1653!

[gymfit] 12/10/2012 09:39

MGRC profit warning put a dampner on this one

[broadwood] 05/10/2012 11:56

John Wood group results helping today, I suspect.

[phil140158] 04/10/2012 17:27

I'd be grateful for guidance on today's holding RNS. The way I read it is: on the 12th (?) August Blackrock took out another CFD for 1000 or so shares which took them above the 5% trigger (5.01%). Their holding is entirely CFDs. Am I right and why take out another tiny contract just to go above the 5% level?

[tratante] 03/10/2012 13:26

Looks to be forming a pennant.

[phil140158] 03/10/2012 12:00

Quote from Bloomberg Businessweek:

General Electric. Burrowing deeper into mining.

After bulking up its energy portfolio with $11 billion in acquisitions during a six-month run that ended in March 2011, General Electric is planning to spend big on mining equipment and services companies. The company announced the creation of a new mining unit at an industry conference in Las Vegas on Sept.24 and said it is targeting $5 billion in sales within a few years. GE generated about $2 billion in revenue last year from mining. etc. etc.

More fuel for the fire?

[broadwood] 03/10/2012 06:00

Goldman Sachs Weir Group PLC 03/10/12 06:54 Reiterates Conviction Buy Conviction Buy 0 2,890.00 2,890.00 0

[matt123d] 02/10/2012 08:23

A break of the 1840p area and the next area of resistance is 1865-1885p after that the top of the upward channel targets 2000p.

[tratante] 02/10/2012 08:14

yes looking more resiliant this time. If it can just hold on above £18...

[matt123d] 02/10/2012 08:09

Broken up through its down channel from mid Sept this morning.