Weir Share Discussion Threads

[1gw] 14/2/2017 17:17

Still keeping an eye on this. Citadel appear back on a reduction path with their short position. Latest reported position:

0.58% Citadel Advisors, as of 9th Feb
0.93% Citadel Europe, as of 10th Feb (down from high of 1.30% on 7th Feb)

[slogsweep] 09/2/2017 08:50

Reverse head and shoulders? Fall to £16 (worst case) then on to £25 -£30 range. May be worth short term trade ie sell now wait for £16-17 then hold for £30 by mid 2018.
Just a chartist view but backed up by forecast EPS of 87 and 98 by 2018 and 2019.

Long term holder already recovered all my stake by trading on top happy hold as currency hedge as major dollar earner.

[1gw] 08/2/2017 12:01

Finally sold out here at just over £20. Looks to me like there might be a bit of resistance around this £20 level, particularly if Citadel are confident enough to keep increasing their short. Slight loss overall, but it's been a heck of a recovery since the lows so can't really complain.

[1gw] 07/2/2017 16:09

Citadel now providing some headwinds to the share price, increasing in both entities and as of 3rd February holding:

0.60% Citadel Advisors
1.24% Citadel Europe

[1gw] 26/1/2017 19:45

Well I'll be...

Very much against the trend, Citadel Europe increased their short position to 1.16% on 24th according to today's FCA spreadsheet (having steadily reduced from 2.70% on 10th November 2016 to 1.02% on 20th January).

So (1) a change of heart at these price levels, or (2) trying to keep us guessing and avoid any further temptation to squeeze, or (3) just a transcription error or (4) some other motive?

[1gw] 26/1/2017 14:26

Citadel continuing to close their short positions.

Now down to 1.56% as of 23rd January vs the 2.2% reported above as of 10th Jan. Citadel Advisors seems likely to go below the 0.5% reportable threshold at its next declaration.

0.54% Citadel Advisors
1.02% Citadel Europe

[1gw] 13/1/2017 17:41

Over a slightly longer time frame (3 months or so) there's been some fairly serious short-closing going on and I wonder if we have a bit of a squeeze.

Disclosed short interest has fallen from over 11% on 24th October to just 6.5% currently (according to the Castellain Capital Short Tracker, which is fed by the FCA daily spreadsheet). This is the inverse of what happened over the previous 3 months (6.8% on 1st July up to 11.0% on 3rd Oct).

Given the trend since 1st July it appears in aggregate the shorters have thrown in the towel on the increased positions taken out in 3Q.

The good news for the longs is that there is still 6.5% (disclosed) positions to close, some of it held by those who have been closing through the last 3 months. The 2 citadel entities held 4.0% in aggregate on 18th November and despite sustained closing since are still holding 2.2% as of 10th January. Interesting to note that these 2 entities first popped above the 0.5% threshold (this time round) in July.

[pugugly] 10/1/2017 19:28

Given the fall in sterling could it be that Mr Market sees Weir as a probable t/o target. Given its market leadership or 2nd position in its field I will stick my neck out and suggest a price of £30.00+ would be needed for a bid to be successful.

[vinceelliott] 10/1/2017 19:22

So why the sudden spike this morning?
Overall trend remains upward.
Think any takeover 'attacks' have gone as recent steady upward trend has made this a lot more expensive than any other time since last June.

[corriegarth] 09/1/2017 18:04

I hope not. A great British company this which should remain so.

[bscuit] 07/1/2017 20:14

Very good year on year recovery, glad I ignored IC SELL advice a year ago, when even then I was in profit., I wonder if a nice American/Chinese gentleman will come calling?

[3rd eye] 02/12/2016 11:27

WEIR Looking strong again. Looking to break out again.

[1gw] 01/12/2016 12:48

Very nice recovery from £8 to £18. Back above the price I paid on 1 tranche now, but unfortunately some way to go to the £25 I paid for my other tranche.

Still, lots of short interest out there so still hoping we might get a squeeze at some point.

[3rd eye] 30/11/2016 14:19

WEIR

Med to Long term share price target 2050p.

[arnu gutierrez] 19/9/2016 21:09

Potential reaction on The Weir Group (WEIR) to analysts' perspective in the company's stock

[cc2014] 10/6/2016 20:02

It's really interesting that most of the RNS reports are from over the pond suggesting they see good value here. I suspect they are far more tuned into the oil rig count and pickup in this sector than we are over here.

It will be interesting to see what happens Monday with another rise in the rig count. The market reacted very positively last Monday.

[investor40] 07/6/2016 15:14

there was a bid attempt in the past----when the dollar was weaker --- a bid now at around GBP 15 may well develop into a battle---and would cost the biddr less in USD terms

[flyingbull] 30/5/2016 17:14

The June oil stock challenge is on! Deadline for entries is midnight on Tuesday 31 May. Good luck!!!


The April results are shown here


fb

[thomasthetank1] 29/4/2016 12:11

Read Panmure Gordon & Co's note on WEIR GROUP, out this morning, by visiting hxxps://www.research-tree.com/company/GB0009465807
"Today’s trading update was all about being able to say “ahead of market expectations” and squeezing the bears. However, these are expectations that have been steadily falling throughout this year. Indeed, the company IR rushed out a new consensus only yesterday, which for H1/16 was down 3% from the consensus sent on April 11. The risk with this communication strategy is that at some stage the company will have to deliver against the recovery valuation of 20x 2016 consensus EPS ..."

[cc2014] 28/4/2016 11:48

Up 67p and 29p xd as well today.

All looking good for the next phase up

[hjs] 21/4/2016 12:44

Chart breakout! this is going much higher from chartists point of view.