Weir Share Discussion Threads

[1gw] 17/12/2014 15:11

So buying a few at £25.44 and hoping for a short squeeze hasn't worked out. Now buying a few more at about £18 and hoping for a bounce (in the oil price and the share price).

Not sure what to make of today's presentation. Although fairly upbeat in tone, it has the feel of a presentation put together at a much higher oil price. 22% of revenue from US shale oil (slide 10) with the Goldman Sachs new field breakeven cost analysis chart (slide 4) isn't very encouraging when you overlay today's oil price on the chart, particularly when another 36% of revenue is coming from the minerals business, which faces its own commodity price challenges.

[ignoble] 29/11/2014 12:21

Daily Mail Market Report saying that pump manufacturer Weir Group are falling with the oil price.
Lower oil price , less fracking in the U.S. which may decrease the demand for pumps !
DYOR etc.

[cockneyrebel] 14/11/2014 07:26

*TRADERS: HSBC RAISES WEIR GROUP TO 'NEUTRAL' ('UW') - TARGET 2300 (2500) PENCE

[alphahunter] 15/10/2014 09:53

Here we go,

Should have kept the short position open at 2625p on the sprike created by Citi's "take-over target" incantation.

Learning and all that.

I shall not make the same mistake with Fenner, which are battling with more depressed end-markets - whether replacement or OEM.

[1gw] 19/9/2014 07:06

Well, a bit of relief this morning then for Weir amongst others.

[pugugly] 16/9/2014 07:16

1gw:. Currency risk - political uncertainty - and increased taxes long term to pay for the "political promises" (bribes)

[1gw] 08/9/2014 18:21

On what basis pugugly? Customers still want the products and services I would have thought. Are you implying European business could suffer somehow through being out of the EU?

[pugugly] 08/9/2014 06:23

Anyone any thougths as to what happens to Weir share price if Scotland votes YES ??

Edited 20 minutes after market opened - Market seems to be marking down and answering my question.

Next one - how much will it fall ? 10% or 20%.

[1gw] 03/9/2014 13:57

Talking to myself over here, but hey, the price is going up...

Close to a 52 wk high, upgraded by Credit Suisse and still 4.5% disclosed short position. Ouch!

[1gw] 18/8/2014 17:59

...and AQR down to 0.99% (from 1.09%) on 7th August.

[tiptv1] 29/7/2014 11:32

Zak Mir live Charting on TipTV offering a technical view on The Weir Group PLC (WEIR.L) - See more at:

[1gw] 25/7/2014 16:16

Disclosed shorts continuing to drift down. Platinum Investment Management down to 0.67% (24th July) from 0.75%.

[liam wilson] 24/7/2014 04:22

From oil to tech, deal fever is gripping the City
Today, 5:21 AM

[alphahunter] 07/7/2014 07:18

Stopped loss here :-(. Another of these take-over rumor?
Trading at 18x PE. Caterpillar never went over 15x.
Learning, living and all that.

EDIT: Ah yes, the first-in-class argument developped by Citigroup this am, PT raised over £30. Heard that argument about FENR by Credit Suisse and others last year at 425p, with PT in the 480p - 500p range.
I feel that the valuation is beyond reason, but will let the momentum run further before reconsidering a short position.

[alphahunter] 02/7/2014 11:59

Just openend a speculative short position at 2625p - on valuation ground and earnings & currency risks. Nothing more.

[peawacks] 30/5/2014 13:35

Last week's Investor's Chronicle hinted at a potential takeover by the likes of Haliburton.

[doggyways] 26/5/2014 11:06

silly place to be

[aukley] 16/5/2014 08:32

Can anyone explain why there are so many trades today?
Is this normal?
TIA,
Aukley

[hernando2] 12/5/2014 15:15

I think this is a good share for the next few years, so will be holding for a while

GL

[peawacks] 12/5/2014 15:14

Yes, I think so too, but there must be seller at £27, as it bounces straight back every time.

[peawacks] 12/5/2014 14:50

Cannot get past £27 at the present time !

[1gw] 06/5/2014 17:57

Share price has recovered to where it was before Thursday's IMS. Could do with a few broker upgrades now to get things motoring.