Weir Share Discussion Threads

[ontheropes] 11/4/2013 19:20

That was a very nasty spike at around 1330, what was that about?

[broadwood] 11/4/2013 14:27

News that fracking is safe probably helping

[tratante] 10/4/2013 07:10

You might be waiting a long time, what makes you think it should fall that low?

[sanks] 09/4/2013 22:16

I'm still waiting for 18.71
Let me know if this makes any sense, if not, then its by the oak tree...

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[broadwood] 08/4/2013 15:34

mr m - And as you say.

The stock was also performing well after US conglomerate General Electric (GE) announced that it would be spending $3.3bn on buying industrial group Lufkin, which operates in similar sectors as Weir. Lufkin manufactures artificial lift technologies and industrial equipment for the oil and gas industry.

[broadwood] 08/4/2013 15:30

All explained.

Upbeat comments from Bank of America (BofA) had boosted the share price of industrial engineering firm Weir Group on Monday afternoon.

Weir, a global engineering firm with nearly 200 manufacturing and service facilities around the world, was up 4.44% at 2,281p in afternoon trade after BofA highlighted more upside to its current share price.

The group operates three main divisions: Minerals, which provides slurry handling and mine dewatering equipment; Oil and Gas, which makes pumping and pressure-control products; and Power and Industrial, which manufactures valves, pumps and turbines.

BofA retained its 'buy' rating for the stock in a research report this morning but raised its target price from 2,300p to 2,500p, following a visit to Weir SPM, the unit responsible for well service pumps and high-pressure control products which accounts for 23% of profits.

Barring a substantial fall in the oil price, the broker believes that SPM's markets are at or around trough, but a number of internal measures should drive improvement and differentiation, "including further incremental cost savings, service network and bundling and new products".

BofA said that despite a strong performance in 2013 so far (up 21% year to date), Weir is still trading at a discount to the sector with a price-to-earnings ratio of 14.3.

"The company remains well placed and given the measures being taken at SPM, we believe Weir can trade back to its 10-15% historical premium versus the sector – which is reflected in our higher 2,500p price objective."

Meanwhile, Weir announced on Monday that Norges Bank, one of its largest shareholders, has raised its stake in the firm to over 3.0% after buying up shares.

[mrminister] 08/4/2013 13:12

getting a lift from the g.e. news today i would think ......see lufk in the u.s

[broadwood] 08/4/2013 11:50

Is this just playing catch up?

[sanks] 05/4/2013 17:47

I'll close at £18.70...won't be greedy for that £16.27 target.
It'll do me and my birds good.

Hope that helps
Sanksalot

[apad] 02/4/2013 09:21

Stock on Loan falling together with share price.
Now I know I don't understand shorting, but....!
Wonder if WEIR will benefit from Russian fracking plans?
I'll increase at £20.
apad

[broadwood] 27/3/2013 15:52

Normal service resumed.

[tratante] 26/3/2013 12:39

Can't see this falling back to 16.50.

[janeann] 22/3/2013 10:10

Fair comment; you may be right; certainly heading that way at present. J

[sanks] 21/3/2013 18:14

Please don't play with ramping thoughts in these risky financial shaggy markets.......cos, to be honest, when its time to shag the sheepshaggers, they will do it regardless of how much cash is in the bank!

Me and Sheila know.
Hope this helps as it heads for that £16.27 level 4 target

[hawkwind4] 20/3/2013 19:18

One of the best shares to in at this moment in time as they are well placed to gain much from todays budget news on shale oil and gas. There will be a rush to drill.

[janeann] 20/3/2013 08:28

Sanks:
whose sheila........one very optimistic - or pessimistic - lady me thinks. May be overvalued in some folks view, but there is too much cash about, and its not very safe in the banks!

[sanks] 20/3/2013 00:16

Sheila told me to wait till it shags down to £16.27
So i'm waiting

Markets are over valued and over bubbled..its nearly time for a good nobbing
Hope it helps
Sanksalot

[greek islander] 19/3/2013 18:12

janeann

Yes looks great opportunity..................

[hawkwind4] 19/3/2013 16:47

would help many if price quotes on thread were in £'s.

[janeann] 19/3/2013 15:59

GI...those that want to get back in or buy more do care - and I am one of those. Made a mistake of getting out of this at around 18......

[greek islander] 19/3/2013 14:27

"Shares of Weir Group PLC dropped 3.9%, as Berenberg Bank cut the engineering firm to hold from buy. " Digital Look

PS Seriously who cares..............................

[janeann] 19/3/2013 09:31

that begs the next question; just how far will it fall. It has habits of making huge intra-day changes.

[greek islander] 19/3/2013 09:05

theganeofmoney

You seem to have your answer.