Weir Share Discussion Threads

[philanderer] 06/9/2018 17:28

Jeez, I'd take 2200p 😊


"Barclays cut its target price for the group on Thursday morning from £26.00 to £25.00"

[philanderer] 06/9/2018 13:30

Chart support looks to be around 1500p , but this is getting the b*ll*x kicked out of it now.

Over 2 million shares traded so far today and still heading down.

[philanderer] 06/9/2018 12:51

Alphaville...



Weir Group PLC (WEIR:LSE): Last: 1,677, down 109 (-6.10%), High: 1,699, Low: 1,640, Volume: 1.24m
BE
Problem is Permian.

11:24 am
BE
And a slowdown in original equipment orders

BE
This is an unscheduled update ahead of an investor roadshow where awkward questions might've been asked, so Weir's pre-empting of that is something to applaud.

BE
Gist here is that over the past two weeks, Weir's the aftermarket business had begun to see signs of
pricing pressure and a big softening in demand for original equipment

11:27 am
BE
As well as some order book delivery deferrals

BE
Whether two weeks of trading is overly significant is the unknown here.

BE
Here's UBS.

11:28 am
BE
Current consensus expects a 20% y/y increase (UBSe 15% y/y) in 2H18 Oil & Gas revenues, implying a 13% sequential increase 2H on 1H. In a scenario where Weir's Oil & Gas revenues hold flat in the 2H, this implies a 7% cut to Oil & Gas revenues (2% to Group revenues). Given the considerable amount of operating leverage in the business, we estimate a 15% impact to Oil & Gas EBITA, bringing the margin to ~14%, compared to current consensus of 15.8% (UBSe 15.3%). This would result in a 5% cut to Group EBITA and a 6% cut to Group EPS.

BE
Note also Slumberger and Halliburton both warning in recent days of US shale-related bottlenecks

Patience Testing....
BE
The issue remains how long this softness continues (we continue to believe that this is a temporary issue, although it is still painful and won't be resolved overnight).

11:30 am
BE
That's Jefferies.

[philanderer] 06/9/2018 10:39

Yes , everything looks sh1te at the moment.

[cc2014] 06/9/2018 09:54

hmmm. Considerable is not a word the markets like.

I had 1700 pencilled in as my entry price. Right now I have no capital available but even if I did I wouldn't fancy 1677 based on the word considerable.

[nickg100] 06/9/2018 09:41

Think you're right Phil. It's going to take some time for this to touch £20+ again!

[philanderer] 06/9/2018 09:09

The chief executive of rival Schlumberger warned this week that bottlenecks in the largest US shale basin would slow oil production growth and investments in the region.

A surge in oil and gas production in the Permian basin of West Texas and New Mexico has outstripped transport capacity, pushing the local price of oil to four-year lows and threatening to slow drilling activity.

Shares in Halliburton have also been hit after it flagged a slowdown in activity in the region.

[nickg100] 06/9/2018 08:18

Thanks phil

Brokers are falling over themselves to upgrade this stock with buy targets £20++, yet the price continues to drop?!

[philanderer] 06/9/2018 08:04

For some reason...

Peel Hunt reiterating 'buy ... tp 2450p

[philanderer] 06/9/2018 08:02

from today's RNS


Investor Roadshow Update
RNS Number : 9269Z
Weir Group PLC
06 September 2018

"..... there was a considerable softening in demand for original equipment and some order book delivery deferrals."

[nickg100] 06/9/2018 07:21

What's with the massive price drop this morning? :-/

[philanderer] 05/9/2018 16:47

Another sh1te day.

[philanderer] 02/9/2018 22:14

Wood and Weir on brink of FTSE 100 promotion

[philanderer] 31/8/2018 07:54

Over 300p below the april placing price now :-O

[philanderer] 30/8/2018 08:52

Peel Hunt reiterating 'buy'

[philanderer] 29/8/2018 07:54

Either copper or a broker downgrade ?

edit:


LONDON MARKET MIDDAY: STOCKS DOWN AS US-CANADA TRADE MEETING STARTS
[ 29 Aug 2018 12:02 ]
LONDON (Alliance News) - Stocks in London were lower at midday with mining stocks weighing on the FTSE 100, as enthusiasm over the US-Mexico trade deal evaporated.

Investors were looking to news from high-stakes talks between the US and Canada.

[philanderer] 28/8/2018 11:02

The Weir Group
‏
Verified account

@weirgroup

11 hours ago

A team of experts from around the world have worked to bring our IIoT platform Synertrex® to life. In the first of a series of profiles, we speak to Alasdair Monk, a key figure in Weir's IIoT program, about what sets Synertrex® apart from the rest.

[philanderer] 24/8/2018 20:45

Weir Group Experts @WeirKnowHow

3 hours ago

We’re making good progress to the 92,000 sq. ft. service center being built in Midland, TX, which will become Weir’s Permian Basin central hub for oil and gas customers.

[philanderer] 24/8/2018 11:57

Alliance news... midday market report

"A rebound in copper, platinum and palladium has helped mining stocks. The cooling of the Chinese economy has triggered major volatility in the metals market, as investors are worried about future demand. For the time being, the size of the tariffs being imposed on Chinese goods imported into the US are relatively small, but if it is drawn out, it could chip away at growth," said David Madden, market analyst at CMC Markets.

[philanderer] 21/8/2018 09:13

The Weir Group
‏
Verified account

@weirgroup

6 hours ago

Weir Minerals expert John Otten reflects on 43 years of pioneering the Warman® pump across three continents and the satisfaction he gets from mentoring the next generation of engineers.

Read more:

[philanderer] 21/8/2018 08:20

Credit Suisse upgrading to 'outperform'


updated:

21st aug Credit Suisse outperform tp 2200p
6th aug UBS buy tp 2400p
1st aug Credit Suisse neutral tp 2200p
1st aug JP Morgan overweight tp 2200p
1st aug Numis hold tp 2100p
1st aug Deutsche buy -
31st july Liberum buy tp 2400p
31st july Peel Hunt buy tp 2450p


31st july +++++ interims +++++

[philanderer] 20/8/2018 19:48

Miners advanced as copper prices rose, with BHP Billiton, Anglo American and Glencore all trading higher

[philanderer] 20/8/2018 07:57

Risk-off today, mining up 👍