Weir Share Discussion Threads

[phil140158] 20/1/2012 19:16

APAD - Weir has always been toppy as regards PE and yield and certainly isn't a 'value' share. The share price is supported by growth potential and take-over possibility. The long term chart shows the volatility and it is a great short term trading share. One to watch. Do I wish I got out at 2200? Yeh.......but I'm happy to hold for the IR or TS next month.

[apad] 20/1/2012 18:16

It's only down to the 50 week Moving Average. PER 18, yield less than 1.5%.
Doesn't look that much of a bargain?
apad

[greek islander] 20/1/2012 13:10

Yes just made my first top up of day paying 1.96 - if it drops further then I will keep buying.
EDIT These occasional warnings re shale production have allowed me to regularly top up - these panics will happen from time to time - generally unfounded.

[volsung] 20/1/2012 12:34

Looks like a double top. Be careful

[scottishfield] 20/1/2012 10:09

Yep, thanks Greek. Edit, ftse just 'pinged' up for some reason. gl

[greek islander] 20/1/2012 09:52

A 100p drop scottishfield, following recent dips, is typical of this undervalued stock that has seen its share price failing to refelct its recent figures. In such hard times Weir has consistently shown itself to be more than capable of outplaying all its competitors, so I am not sure of the relevence of news from elsewhere outwith the company itself.
I tend to buy on the dips here and have steadily increased my holding and am just wondering when exactly to go back in again. Tempted this morning but will see how today progresses.

[scottishfield] 20/1/2012 09:38

Mmm, seems to be unnecessarily down today (albeit given the IMF statement re growth, which I expect (?) is driving the dip)

[greek islander] 20/1/2012 09:35

Great buying opportunity today. Results soon, maybe now is the time to top up.

[broadwood] 19/1/2012 10:45

Rapidly recovering.

[scottishfield] 19/1/2012 10:11

thanks guys

[apad] 19/1/2012 10:08

scot...
reason for drop (from the FT):

Weir knocked as US rival warns on growth
By Bryce Elder
Weir Group was a casualty in a flat London market on Wednesday after a profit warning from one of its rivals.
US engineer SPX Corp said 2012 earnings would be lower than expected due to slow growth in the Americas and the cautious outlook in Europe. The group also said earnings from Clyde Union Pumps, its recently acquired UK division, would be at the bottom end of previous guidance.
SPX last year paid £750m for Clyde Union, which was formed in 2007 via a buy-out of Weir's own Glasgow-based pumps operations. Weak trading at Clyde Union forced the US company to twice cut the upfront proportion of its acquisition fee before closing the deal in December.
SPX's warning raised concerns that Weir's full-year results due next month may disappoint, sending the shares lower by 3.6 per cent to £20.25. Weir last provided a trading update in November, which said order flow for both its mining and energy divisions had remained strong.
apad

[broadwood] 19/1/2012 10:07

Shares in Weir Group rise 2.1 percent in a flat FTSE 100 index, helped by a Panmure Gordon note in which it recommends buying in the current share price weakness and raises its price target on the pumps and valves maker.

Weir fell 3.6 percent in the previous session on demand fears after fellow equipment manufacturer SPX Corp issued a weaker-than-expected 2012 profit target and warned that the year was getting off to a rough start.

Panmure says the overlap between Weir and SPX is "minimal" and the U.S. group reiterated strength in the oil & gas segment of its flow technology division, which is the most relevant to Weir.

[broadwood] 19/1/2012 10:02

Nice bump up for the TP.

Panmure Gordon Weir Group PLC 19/01/12 09:36 Reiterates Buy Buy 0 2,215.00 2,530.00

[scottishfield] 18/1/2012 20:35

just in, no news and no reason for the drop today?

[careful] 12/1/2012 16:56

no logical thoughts as to why it should not rise forever.
but weir has been a darling of the market for a while and after a 5 fold increase it must be due for a pullback.

[tratante] 12/1/2012 16:45

general lack of market confidence I think. People taking profits as soon as it reaches previous high. Scared of losing out if there is a market down turn.

[phil140158] 12/1/2012 13:21

SF - final results in early March and interim management statement in early May might provide the stimulus to break through 2200. A big new contract announcement would come in handy!

[phil140158] 11/1/2012 19:54

Careful - any thoughts as to why WEIR won't (eventually!) break through the 2230? All the broker reports seem to think so. I would have thought WEIR would appeal to the 'careful' investor!

[careful] 11/1/2012 18:41

Don't see why scotti

[scottishfield] 10/1/2012 11:45

Don't see why not phil, but resting currently..

[phil140158] 09/1/2012 19:29

Moving towards the all-time high - what chance breaking through to establish a new record?

[scottishfield] 05/1/2012 16:24

Weir holding up v well today imo, considering the wider mkt, augers well, gl longs.

[phil140158] 05/1/2012 08:58

Absolutely, tratante. I've posted that on here before and I reckon WEIR might be a share that would show a nice rise if that happened.

[tratante] 04/1/2012 11:26

Good start to the year. Would be good if Weir decided to go for a share split sometime soon, e.g. 5 for 1. Would help to increase liquidity.