Share Name Share Symbol Market Type Share ISIN Share Description
Weir Group Plc LSE:WEIR London Ordinary Share GB0009465807 ORD 12.5P
  Price Change % Change Share Price Shares Traded Last Trade
  -16.00 -1.18% 1,342.00 1,413,375 16:35:29
Bid Price Offer Price High Price Low Price Open Price
1,332.00 1,333.00 1,345.00 1,321.00 1,327.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 2,661.90 -371.80 -146.40 3,484
Last Trade Time Trade Type Trade Size Trade Price Currency
18:09:48 O 320 1,327.502 GBX

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Date Time Title Posts
29/7/202014:20Weir Group plc1,465
19/9/201622:09Analysts' View on Weir Group (WEIR)-
15/8/201421:44Zak Mir live Charting on TipTV offering a technical view on The Weir Group PLC 1
11/2/200611:53220p support level or l;imit?37

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Weir (WEIR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-14 14:40:451,335.005857,809.75AT
2020-08-14 14:40:451,335.00961,281.60AT
2020-08-14 14:40:451,335.00961,281.60AT
2020-08-14 14:40:451,335.0050667.50AT
2020-08-14 14:40:451,335.00871,161.45AT
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Weir (WEIR) Top Chat Posts

Weir Daily Update: Weir Group Plc is listed in the Industrial Engineering sector of the London Stock Exchange with ticker WEIR. The last closing price for Weir was 1,358p.
Weir Group Plc has a 4 week average price of 1,091.50p and a 12 week average price of 906p.
The 1 year high share price is 1,636.50p while the 1 year low share price is currently 608.60p.
There are currently 259,612,052 shares in issue and the average daily traded volume is 788,229 shares. The market capitalisation of Weir Group Plc is £3,483,993,737.84.
cc2014: Popping in to say I'm astonished at the share price. I sold all mine around 2000 and had 1700 pencilled in as a re-entry point. The oil price and weakness of cable put me off when it got there but 1400p? I'm going to have to have to think harder now. I still don't like the oil price, nor cable. I will sit on the sidelines for a bit.
cc2014: Share price keeps sliding regrettably, which is surprising given that oil is going up and the dollar falling. I see it's currently down again. Hoping US Crude can get through $50 today. maybe that will help
cc2014: Volume pickup not sufficient to drive share price. Lack of margin increase holding this back.
cc2014: Share price moving against sector. Someone desperately trying to rig price down on L2. Just a thought that someone at this price with strong dollar, bid target may come up again
1gw: 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
jeffcranbounre: Weir Group is featured in today's ADVFN podcast. To listen to the podcast click here> In today's podcast: - Chris Oil, financial writer and city investor will be chatting about a well known name who could be back in fashion. Chris on Twitter is @ChrisOil - And Rodney Hobson, a financial speaker, writer and author of investment books including Shares Made Simple, the beginner's guide to the stock market. Rodney on Twitter is @RodneyHobson - The micro and macro news - Plus the broker forecasts Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
1gw: 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. htTp://
1gw: Share price has recovered to where it was before Thursday's IMS. Could do with a few broker upgrades now to get things motoring.
broadwood: 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.
cockneyrebel: From THE WALL STREET JOURNAL EUROPE) By William Lyons Shortly before Keith Cochrane joined British engineering company Weir Group PLC, the 141-year-old firm moved its headquarters out of its historic manufacturing site on Glasgow's South Side. It was, he says, a chance to "get away from being above the shop and get out of the hair of the local managers." It also gave the board and its 60-strong head-office team a new focus: they could get on with the job of running the global business without distraction. Sitting in the boardroom of Weir, there are no distractions; the decor is a master class in simplicity. Despite this being a company with annual revenue of more than GBP 2.2 billion ($3.49 billion), operating in 70 different countries and employing around 14,000 people, there is no palatial corporate headquarters; just an open-plan workspace on the fourth floor of a central Glasgow office block. It is easy to conclude Mr. Cochrane, with his clipped, no-nonsense manner, polished delivery and references to efficiency, productivity and focus, prefers it that way. "We are a very structured, disciplined business," says the 47-year-old, leaning forward at one end of the boardroom table. "Weir Group today in all senses is very different to the one that existed 10 years ago." The office move epitomizes the journey Weir Group has made. Today, the company has exposure and business operations in all of the major markets in the world and the U.K. accounts for less than 10% of its activities. "Part of that has come through acquisition," Mr. Cochrane says. "Part of it has been about becoming more efficient, more effective at what we do which is absolutely critical if you want to succeed in today's world." It was in 1871 that two brothers, George and James Weir, created a company to supply pumps to Britain's burgeoning shipping industry. The firm grew steadily through the 20th century, listing on the London Stock Exchange in the 1940s. But the country's post-war de-industrialization wasn't kind to the manufacturing sector based on the River Clyde, and by the late 1970s Weir found itself in difficulties. In the 1980s, under long-term Chief Executive Sir Ron Garrick, a process of change began -- moving into the products and services business. After a difficult time in the late 1990s, including a takeover bid and a boardroom shake-up by 2006, when Mr. Cochrane joined as finance director under the stewardship of Australian Chief Executive Mark Selway, the company's transformation was well under way. Out went the old pumps business, Weir Pumps, sold in 2007 for around GBP 45 million. A range of acquisitions followed that resulted in the creation of an engineering group specializing in selling pumps, valves and related parts to companies in the mining and energy industries. From providing slurry pumps to copper mines in Australia to fracking pumps for gas-extraction plants in North America, Weir's reach is now global. In September 2009, Mr. Cochrane was appointed chief executive. Just over a year later, the company entered London's FTSE 100 Index. "If you think back 10 years ago, Weir was a pumps business," he says. "Today we no longer think of ourselves as a pumps business. We are a mining, oil-field and power-equipment business. "When I took over as chief executive it was evolution not revolution. Mark [Selway] had done a fantastic job of building out the platform and together we had developed the strategy and vision for the group. It was about taking that platform and looking at how we could use it ahead of our end market." The firm is now a market leader in pressure pumps, ahead of FMC Technologies and Gardner Denver Inc. of the U.S., while its mineral division competes with Finland's Metso Corp. and Outotec, and FLSmidth of Denmark. Central to the change in strategy was the establishment of an after-market servicing business, which accounts for around 50% of the company's revenue. Like Rolls-Royce, the business model is not only to sell and install equipment but to service and repair it as well. The group now has 100 service centers around the world, which Mr. Cochrane says reflects the growth of the equipment manufacturing business. "We generated about a GBP 1 billion-worth of original equipment orders from the start of 2010 to the first quarter of 2012," he says. "That will translate, based on wear rates and life expectations of the products, into around a GBP 3 billion after-market opportunity in a 10-15-year period. Which, in turn, translates into around GBP 300 million of incremental revenues over the next three to four years." It is the company's diversity across a range of sectors -- mining, oil and gas, as well as after-market services -- that Mr. Cochrane says puts it in good stead to cope with any short- to medium-term downturns. The recent turmoil in the U.S. gas market is a case in point. Initially, Weir capitalized on the shale-gas revolution, providing equipment used in the extraction of natural gas from shale rock. Shale gas has been touted as enabling the U.S. to be energy-independent by 2030. Because of the company's exposure -- it supplies 50% of all high-pressure pumps in the North American shale market -- in February the share price reached a high of 2236 pence. Since that high, an oversupply in the U.S. gas market has hit demand. This has been compounded by uncertainty in the Australian mining sector. Weir's share price now stands around 1635 pence, after falling to 1397 pence in June. "There is no question the outlook in my mind for shale gas across the medium term, both in North America and other international markets where shale opportunities have been identified, is robust," he says. "In the last year or two we have seen significant pick-up in oil-related shale activity, so much so that people are now predicting within five or six years the U.S. will be self-sufficient in terms of oil production. "At the moment there is underutilization of the pressure-pumping fleets, which is impacting on the business. But that is a hiatus in the long-term positive development of this industry. Over time the opportunities are there, and it is an attractive place to be and be positioned." And the volatility in Weir Group's share price doesn't worry him unduly. "The share price will move about for a variety of factors on a day-to-day basis which are completely out with our control," he says. "For me the key thing is for us to deliver the targets we have said we will deliver against our strategy." Mr. Cochrane isn't a stranger to difficult circumstances. No sooner had he joined Weir in 2006 than the firm was embroiled in a legal case, accused of paying kickbacks to the Iraqi regime of Saddam Hussein through the United Nations' oil-for-food program. The case was resolved when Weir pleaded guilty to two charges of breaching UN sanctions on contracts and agreed to pay GBP 13.9 million to the Crown Office in Scotland. Mr. Cochrane himself appeared in court. Before Weir, Mr. Cochrane spent three years with Scottish Power PLC, which he joined after an eventful nine years with bus and rail transport company Stagecoach Group PLC. During his time there, he helped float the company and oversee its retrenchment from North America before leaving as group chief executive, to be replaced by founder Brian Souter. "You wouldn't go into business if you were afraid of challenge, and the challenges can sometimes be good and not so good," he says. "Irrespective of that, if we wanted an easy life we wouldn't be doing what we are doing." Stagecoach was his first corporate experience after several years at accountancy firm Arthur Anderson. He had, he says, "nine fantastic years" working alongside Mr. Souter. "We had some fun times," he says. "Some challenging times, but throughout we learned. I learned about focus, clarity of objectives and vision." He says his work at Weir is about bringing all that experience together into a different area of business. "I am not an engineer but it is about stepping back. Understanding the dynamics, drivers of each business and providing that clarity and vision of what you need to do to make it happen." In July, analysts at RBC Capital Markets suggested that, at share price levels around 1531 pence, the group could be a takeover target for Siemens AG or General Electric Co., which has a stated strategy of building a leading drilling and surface equipment franchise. Mr. Cochrane dismisses this scenario. "Look at where the group has come from over the last couple of years. Are we out of ideas as to how we continue to grow and develop the company? Absolutely not. We are still, to my mind, in terms of the opportunities, at the beginning of the journey." Subscribe to WSJ:
Weir share price data is direct from the London Stock Exchange
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