Weir Share Discussion Threads

[cockneyrebel] 26/1/2011 15:34

That's the bounce in imo.

WEIR looks good to me dasv - grab the weakness imo :-)

CR

[dasv] 24/1/2011 17:06

CR - I dunno - charts like IMI and WEIR give me the fear at the mo. Look at HOC - completely retracing imo. Happy to be out of the momentum plays for now. FTSE up 1% but my portfolio down today.

[cockneyrebel] 24/1/2011 16:41

Still bouncing off that trend line.

CR

[scottishfield] 24/1/2011 16:30

also bought on friday & added today, we'll see! should be fine over a period of time.

[bigbigdave] 24/1/2011 14:53

Well I've just added more to go with Fridays purchase. 25 quid broker target.

[tratante] 24/1/2011 14:45

This not so nice!

[tratante] 21/1/2011 14:26

very nice!!

[cockneyrebel] 21/1/2011 14:20

:-)

1413 GMT [Dow Jones] Goldman Sachs upgrades Weir Group (WEIR.LN) to buy from neutral and increases the price target to 2521p from 1843p. Says the company has access to one of the brokerage's preferred structural themes through its mining exposure. Overall, expects the company to deliver above sector average growth through the forecast period. Expects the FY '10 results in March to confirm positive trends and to reiterate its M&A strategy focusing on bolt-on acquisitions, rather than larger deals that have been speculated upon. Shares are +3.7% at 1677p.

[cambium] 21/1/2011 14:12

nice chart im impressed

[cockneyrebel] 21/1/2011 13:55

Must be abuy here I'd have thought:

[tratante] 20/1/2011 12:54

I picked up a few more. My strategy is to look for value at the momment, some prices are looking a bit frothy following the rally since new year. Safer looking for shares in good cos that have gone the other way for no good reason. Good luck!

[apad] 20/1/2011 12:47

tra....
Indeed: blood on all of the tracks for manufacturing.
Just bought some SPX. Looking at IMI and WEIR with fear and lust.
apad

[tratante] 20/1/2011 11:45

Apad, there you go 15.50!

Drop looks a bit over done to me. Weir's markets are booming, and IC, for what it's worth, are saying its going to be a good year for minerals and that will benefit Weir big time. They also havenexposure to booming Chinese markets. may take a while to recovery to previous highs, but with peeps getting so little for their money in deposit accounts, what better place than a good solid co that pays nice divis and can be held in an ISA.

[apad] 18/1/2011 22:25

phil there was a statement on 2 Nov - I guess that is the equivalent of the usual first week in Jan statement. Here is the FT report:

Weir in for a good time

Stick or twist? Investors in industrial pumpmaker Weir face an enviable dilemma after the Glasgow-based company, which was promoted to the FTSE 100 index in September, ratcheted up full-year guidance yet again on Monday.

The update fits a pattern established among its UK-listed engineering peers during the recovery in global industrial demand – to underpromise but overdeliver. A policy of contained modesty on forward trading prospects, as demand has bounced back from the bottom, has improved sentiment towards Weir and its sectoral peers, as this year's trading updates have brought pleasant surprises and few disappointments. Weir, whose share price has more than doubled since last year, is the darling of the sector. But that revaluation is by no means untypical for companies who once considered themselves wallflowers at the stock exchange ball.

As one analyst recently suggested, some engineering groups have become adept at the trick of "keeping 10 per cent in the back pocket" as they romance newly enamoured investors and close in on final full-year profits guidance. Another points out that Weir's Monday update on second-half performance (expected to match the first-half rebound) would equate to a 9.9 per cent uplift in his earnings estimates.

There is still a danger that investors could fall out of love with the sector, despite the promise of positive updates in November from the likes of Cookson and Spirax-Sarco. Weir fell 21p to £15.37 on Monday in spite of the positive outlook. Progress on profits and sales are priced into many UK-listed engineers – though they enjoy the halo effect of limited exposure to UK consumer and government spending cuts.

Investors who choose to twist again may well reap further reward as UK engineers cement trading positions in key global end markets that continue to advance. But those that choose to stick can reasonably conclude that they have secured the bulk of the rewards from the post-crash bull run in engineering stocks.

[apad] 18/1/2011 17:11

tra...
many thanks for the link. Not widely seen, I think.
phil...
I hope to see a fall, it usually happens.
We've had a good fall to below the 50day moving average.
With any luck we'll see £15/16 again.
At £15 and a forecast EPS of 96p we'll have a forward PE of 16/17.
9 March (ish) next results so the traders are looking elsewhere.
Some of the big investors are shifting out of WEIR (taking profits) anyway (I was checking out some ITs for a friend and WEIR was specifically mentioned).
In my Staircase to Heaven portfolio this could warrant buying a few more steps up.
WEIR has been too blurry rich for too blurry long.
Anyone else got significant numbers to share?
apad

[phil140158] 18/1/2011 16:41

tratante - do you reckon the market in the UK is going to like it? I can see Weir falling further if the rumour gathers strength.

[apad] 16/12/2010 16:52

Forecast PER is 19.
Quite a target!

[dasv] 10/12/2010 10:27

According to VectorVest - this is the safest share in the UK stock market. Amazing when you look at the gain already in the chart. I can't bring myself to buy because the PEG is now 1.8 which makes it too pricey for me. I was buying this stock at 500p odd in Feb 2008. What an incredible performance since.

[volsung] 10/12/2010 10:00

As long as it keeps within that trend anon I'll keep trading it. Won't last for ever of course but there still seems to be interest. Learnt by experience to avoid the popular BB shares. They almost inevitably are a let-down.

[anon11] 09/12/2010 21:54

Debateable.this is the most-up company in the 100. I bought @480 in July last year and then revove5redc my investment @1166 earlier this year. I suspect this is time to exit as the price has raced ahead.

it amuses me to see the number of posts compared to MDX--now in administration!

[volsung] 09/12/2010 16:13

Toppy uppy time

[penguin33] 26/11/2010 21:17

nice to see a buy note out from merrill £20