Weir Share Discussion Threads

[greek islander] 10/3/2009 09:54

Excellent results announced today. In a stronger economic climate we would have seen a 20% share price rise. As it is, the market is reecognising the solidity of this business going forward and long term it is set up to reap very rich rewards.
As a long term play this stock takes a lot of beating. Come the bounce, Weir should be one of the biggest gainers.
Very pleased with the way this company is facing the recession and pleased I got in late last year.

[apppp] 11/2/2009 11:57

Deciding when to sell / buy this is mighty easier than my other main holding (RCG) with dual listing implications and a difference in share price of more than two fold. Weird.

PS. Sorry for the mild plug

[tratante] 10/2/2009 22:09

Agree ssords, it's not easy. I get it wrong as often as not, sell and it goes up, hold and it falls. But these are really difficult markets with sps shooting up and down all over the place, sentiment changes from day to day. I am taking a cautious approach, with fairly tight stop losses. May miss out on bigger profits but protecting my capital is my main goal. I have a number of cos on my list and I watch for the dips and try to sell near the top. Weir might break out above 400, but on the otherhand it could trade within the 320-400 channel for a bit longer. Tricky times. Good luck.

[applecore2] 10/2/2009 21:20

Comment today from Investors Champion...

[ssords] 10/2/2009 18:06

And I thought that I was the only one to whom this happened. I feel better already.
Seriously though, Weir moving very strangely. I am waching it like a hawk. When to step in, the million dollar question.
Ssords

[tratante] 09/2/2009 13:27

it will now I've sold!

[apppp] 06/2/2009 11:52

Will it turn at 4.00 or continue though - that is the question

[werock] 31/1/2009 16:51

Looking bullish technically.

[thumbs] 29/1/2009 07:15

TIDMWEIR

The Weir Group PLC

29 January 2009

Announcement


Stephen Bird, divisional managing director of The Weir Group PLC's
Oil & Gas Division, will leave the Group in March to become Chief
Executive of The Vitec Group plc.

Steve Noon, the current president of Weir SPM and its associated
operations, which collectively represent almost 75% of Oil & Gas
divisional turnover, has been promoted to the divisional managing
director's role and will join the Operations Executive on Stephen
Bird's departure.






Helen Walker
The Weir Group PLC
Tel. [phone]

[apppp] 21/1/2009 11:07

might not get there chaps

Then again WTFDIK

[gswredland] 21/1/2009 10:12

yep nice...

[davidwilkin] 20/1/2009 20:41

300p.......getting nearer yum yum.

[volsung] 16/1/2009 09:47

Bought a few at 340. Should be good for a run up to around £4

[dasv] 15/1/2009 11:15

Seems to be forming a steady upwards channel... Trade-able or buy and hold on dips.

[apppp] 15/1/2009 08:43

Looking at the chart and the recent reassurance, 3.00 seems unlikely although the FTSE seems to be heading for new lows so anything could happen.

[energeticbacker] 14/1/2009 22:43

I'm with you.! It's a high quality well run business.
Investor's Champion blog ( captures things nicely

[davidwilkin] 14/1/2009 22:34

Yep 300p great buying opp especially for us yield hunters.

[gswredland] 14/1/2009 20:30

Be good to see 300 again.

[apppp] 14/1/2009 16:36

Looks even cheaper now! PLease remind me not to get optimistic again!

[mos trader] 08/1/2009 09:46

PER 10.20x 6.92x 6.75x

PEG 0.23f 0.15f 2.64f


looks very cheap to me.

[mos trader] 08/1/2009 09:46

Guess we will have more positive upgrades to come from analysts after the statement today.

Weir Group PLC


FORECASTS
2008 2009
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Numis Securities Ltd
06-01-09 BUY 172.00 57.80 17.60 160.00 53.40 18.50

KBC Peel Hunt Ltd
06-01-09 BUY 171.20 79.17 18.50 188.50 57.61 20.50

Arbuthnot Securities
06-01-09 NEUT 167.17 56.42 18.15 185.75 62.65 19.80

Arden Partners
06-01-09 NEUT 172.00 57.80 18.50 195.00 65.40 21.00

ABN AMRO
05-01-09 ADD 167.98 55.66 19.00 188.47 61.88 21.00

Daniel Stewart
05-01-09 HOLD 146.00 49.60

Evolution Securities Ltd
01-12-08 ADD 171.00 57.80 150.00 50.10

Eden Group
03-11-08 BUY

Singer Capital Markets Ltd
09-10-08 BUY

Speirs & Jeffrey Ltd
01-10-08 HOLD 166.00 56.10 18.50 190.30 65.40 20.30

2008 2009
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 169.98 57.06 18.40 187.91 58.52 20.19
1 Month Change -0.07 -0.14 -0.08 -4.99 -6.31 -0.50
3 Month Change 0.05 -0.37 -0.08 -2.41 -6.08 -0.24


GROWTH

2007 (A) 2008 (E) 2009 (E)
Norm. EPS 44.96% 47.38% 2.56%
DPS 11.19% 23.49% 9.73%

INVESTMENT RATIOS
2007 (A) 2008 (E) 2009 (E)
EBITDA £138.90m £199.37m £219.09m
EBIT £115.20m £162.70m £181.00m
Dividend Yield 3.77% 4.66% 5.11%
Dividend Cover 2.60x 3.10x 2.90x
PER 10.20x 6.92x 6.75x
PEG 0.23f 0.15f 2.64f
Net Asset Value PS 19.64p 299.28p 338.94p

[thumbs] 08/1/2009 07:34

8 January 2009
THE WEIR GROUP PLC
TRADING STATEMENT

The Weir Group PLC today issues the following Trading Statement in
respect of the 52 weeks ended 26 December 2008.

In the final quarter, the Group has continued to perform well,
growing input, revenue and profit on a constant currency basis
compared to the equivalent prior year period.

The Group's results benefitted from the effects of a positive foreign
currency translation in the final quarter, most notably from the
strengthening of the US dollar against sterling.

Financial Position
Net debt at 31 December 2008 is expected to be lower than the half
year figure of £261.7m, with operating cashflow generation and the
proceeds from the sale of the Materials & Foundries businesses being
partially offset by an adverse foreign currency translation effect.

A total of £625m of committed revolving credit facilities, expiring
in 2011, is in place and provides the necessary financial headroom to
support the continuing development of the Group.

Outlook
As a result of the Group's good performance in the year and the
foreign currency translation benefits outlined above we expect the
2008 full year outlook for profit from continuing operations before
tax, intangibles amortisation and exceptional items to increase to
around £174m*1.

The Group enters 2009 in a good position and is ready to respond to
the market challenges as they develop during the year.




Notes:
*1. Group guidance for continuing operations profit before tax,
intangibles amortisation and exceptional items at 9 October 2008 was
£170m.