Weir Share Discussion Threads

[major clanger] 21/2/2013 21:12

Weir upgraded by JP Morgan Cazenove:

[phil140158] 21/2/2013 20:47

I saw in the Times today that Tempus featured Weir in his Deal of the day. He described the 3 recent acquisitions and then said "The shares edged 13p higher to 2553". A typo, wishful thinking or does he know something we dont?

[thegameofmoney] 21/2/2013 20:37

Hi Phil

Thanks for that. Yeah it's ticking along nicely, bit of a dip with the market today though.

[phil140158] 21/2/2013 16:27

tgom - 2188 is the current price (or the price when the recommendation was made) 1885 is their previous price target (when they were neutral about the share) and 2500 is their new price target when their recommendation was changed to buy.

How's that long SB of yours? You must have made a packet by now!

[thegameofmoney] 21/2/2013 08:23

When they state 3 different figures like that what is each indicating?

[broadwood] 21/2/2013 07:57

This should give us a nice leg up at the start.

JP Morgan Cazenove Weir Group PLC 21/02/2013
Upgrades
Neutral Overweight 2 1,885.00 2,500.00 2,188.00 615 2

[phil140158] 20/2/2013 16:43

Saw that tgom, the price was 2202 and it was described as an OT. I get the feeling that once it breaks through 2200 it might hold given a fair wind. Will it be before the results next week?

[thegameofmoney] 20/2/2013 16:36

1 MILLION BUY?

[thegameofmoney] 20/2/2013 09:28

Woah.... 11,000 BUY

[broadwood] 20/2/2013 09:20

Industrial engineering group Weir said on Wednesday that it has strengthened its presence in the fast-growing mining markets with three acquisitions worth a combined 55m pounds.

Weir said it has acquired the R Wales group of companies, a Canada-based manufacturer of wear resistant linings for the mining, minerals processing and oil sands industries.

At R Wales' facilities in British Columbia and Ontario as well as a US facility in Arizona, the company makes rubber linings for pipes, tanks, chutes and hoses. The acquisition of the firm, which generated over C$30m of revenues last year, is said to be immediately earnings accretive with post-tax returns expected to exceed Weir's cost of capital within the first year of ownership.

Weir also bought the Kuala Lumpur-based Cheong foundry in Malaysia, which supplies castings to a number of industries, including mining and power.

It has also signed an agreement to purchase the plant, equipment and buildings of Xmeco Foundry, a specialist large casting foundry in Port Elizabeth, South Africa.

"The R Wales Group and the Cheong and Xmeco foundries enhance the group's presence in important growth markets," said Weir's Chief Executive Keith Cochrane.

"The Wales Group develops our leading aftermarket offering in the minerals and oil sands sectors, while the Cheong and Xmeco foundries expand our low cost capacity in the fast growing regions of Asia-Pacific and Africa, enabling us to deliver quality products more quickly to our customers."

[thegameofmoney] 20/2/2013 08:45

Good news I think....When you read statements like this, re: Wales."The acquisition, which was completed on 15 February 2013, is expected to be immediately earnings accretive with post tax returns expected to exceed Weir's cost of capital within the first full year of ownership."

[broadwood] 20/2/2013 08:23

Market seems happy with the acquisitions.

[phil140158] 15/2/2013 16:06

Thanks, APAD. Phil

[apad] 15/2/2013 10:50

As of 12 Feb below 20%.
So, yes, a gentle gradient down with one bump up on the way.
But, still will within the top 20.
apad

[phil140158] 15/2/2013 10:30

APAD - any sign of the number of borrowed shares falling?

[broadwood] 13/2/2013 08:08

Quick out of the traps this morning. No Brokers recs I can see so far but results soon.

[phil140158] 13/2/2013 06:49

tgom - 100kw hydro-electric scheme. If it all comes together (it sounds to good to be true!), I'll have more time for this investing caper. Funnily enough, if I sell the family Weir Group shares, I'm using the cash for pipe and valves - seems appropriate somehow!

edit - I see there were a couple of broker upgrades yesterday - Deutsche Bank 2400 and Investec Secutrities 2250. Maybe I'll hang on a bit longer!

[thegameofmoney] 12/2/2013 21:41

Thanks Phil, love the idea of a hedge, haven't been in the position myself yet, only a small fish ATM.What's your biz you're developing? I'm also in on AN. Long spread bet and DTG and IDox shares, any experience with these? I was also in on TNI but got stopped out own a random dip a few weeks ago! :(Enjoying the learning process though! :)

[thegameofmoney] 12/2/2013 14:32

Hi guys.I'm in and long on a spread bet, still learning the ropes but the fundamentals are great on this company I believe. 2300-2400?

[martynm] 08/2/2013 18:19

A couple of recent broker price forecasts, Take your pick.

Nomura 1950p 5.2.13
UBS 2300p 8.2.13

[apad] 08/2/2013 17:14

Can't help with timing Phil.
Only observation is that the 50ema and the FTSE250 have been in lock step for a couple of months and that WEIR is currently trading about 10% above 50ema.
A couple of weeks of relative strength followed by some profit taking on the results is a possibility. Another 5% or so takes them to an all-time high.
Given the US shale cut back I don't see a startling upturn post-results.
apad

[phil140158] 08/2/2013 16:50

APAD - I am torn, I must admit. I need cash for a business development, so they might have to go. It's just a matter of getting the timing right.