Weir Share Discussion Threads

[greek islander] 29/2/2012 08:54

brain smiley
For a company of Weir's size a PE of 14 is not so brilliant there are - even now - quite a number of blue chips and similar sized businesses over 20 with far less reason. I am happy with 14 but feel confident that this one can go to 2500 and still have ample room for further gains. Like the divi increase also, that helps.

[brain smiley] 29/2/2012 08:50

Weir on a 2012 PE of 14. Maybe that's high enough, hence selling ?

[greek islander] 29/2/2012 08:44

Guess the news on the possible acquisition has disappointed. However, the figures today are pretty hot especially the prediction for the current quarter and I can still see WEIR up 100p by end of day. I had thought when topping up this morning at 2158 that I had got a huge bargain - still do.

[phillis] 29/2/2012 08:29

the market needs time

punters react immediately

[greek islander] 29/2/2012 08:11

tratante
Don't think the market agrees, though frankly I cannot yet pick out a reason for this wholesale sell off on results

[tratante] 29/2/2012 07:35

Wow, stunning results! To think these were under 15£ in October!

[pictureframe] 28/2/2012 19:15

Not short here - just the fact the rsi is now over 90 and a pullback will follow imo.

[apad] 28/2/2012 16:47

phil
shorters in CPI certainly had that effect but they moved the day before the results.
apad

[phil140158] 28/2/2012 14:18

There are those that disagree, pictureframe. Better than expected results on Thursday and an optimistic forecast of future trading, will see the 'shorters burn' and 2500 might be a reality!!!!

[pictureframe] 28/2/2012 13:52

expecting a pull back here

[qantas] 22/2/2012 15:19

Weir Group
WEIR
Industrial
Engineering
2152p
Target 2500p Finals, 29 February
The uptrend since the October low is
still intact and the price is finding
support from its rising 50 and 200 day
m/a's. The relative remains in a long
term uptrend and a golden cross on the
rising 90 and 200 day m/a's has
recently been completed. We see good
reason to stay positive

[phil140158] 21/2/2012 07:29

Piece in the Scotsman this morning. Share price rise attributed to: gains in share price of miners and oil companies, unwinding of short positions ahead of 'resilient' results due next Wednesday and a bidding war with FLSmidth is looking less likely.

Still lots of shorts to be closed yet!

[tratante] 20/2/2012 23:53

if this breaks out from here, the shorters will begin to sweat. COuld see further strength as they close their positions. Interesting to see what tomorrow brings.

[greek islander] 20/2/2012 18:41

Best performer of the day according to Digital Look

[tratante] 20/2/2012 17:22

Also in for the long term Greek, (my handle is ironic), but a bit frustrated by the oscillations here. I don't have an Aston Martin, so maybe I should follow your dealer's advice!

[phil140158] 20/2/2012 16:50

It would be interesting to hear from Quantas again to see how many shares are loaned out now?

edit: Final results out on 8th March last year.

[greek islander] 20/2/2012 16:30

Maybe it's simply the rise sometimes you get just before an imminent RNS. No more than that. All this shorting seems to have generated more positivity. The recent statements on shale oil seem to have favoured the share price Not totally sure how.
Long term this for me - my broker says hold to £30. Who am I to argue with her - she has an Aston Martin!

[tratante] 20/2/2012 15:27

So what to do. Is this about to smash through the 2200 ceiling at last, or drop back again?

[phil140158] 20/2/2012 15:20

tratante - from Quantas' post above: there are 211.34 million issued shares, if 13.4% of those are shorted - that's 28.4 million. The volume of shares traded today and Friday must be no more than 5 million, so someone must be sitting on some very heavy loss-making positions at the moment. The next report from the company is only a few days away now, so if there is good news leaking we may see some more of these spectacular rises in the share price

[greek islander] 20/2/2012 13:39

Some news afoot?

[tratante] 20/2/2012 13:14

not going well for the shorters today. Long may it last!

[greek islander] 17/2/2012 21:32

phil
well said - couldn't agree more, I've only shorted once ever in a tiny spreadbet against RCG once I had abandoned it for good and that made me something like £50 before I decided it wasn't me and cashed in.

[phil140158] 17/2/2012 20:27

Qantas - thanks for the post. It's interesting to see Weir, Aggreko and Capita on your list. Three companies I have always thought were overvalued. I thought Aggreko was expensive at 600p! The quote mentions Weir being threatened by competition from other suppliers and yet Aggreko have prospered for all these years producing diesel and gas generators for heaven sake, surely a business model that any fool could copy!! As an aside, I wonder how AGGK and WEIR will prosper if Alec Salmond has his way! The most striking thing about Qantas' post is that Weir can borrow a billion dollars at 4.16% and yet it is the most shorted share by a long way. It just goes to show the divide between proper business and enterprise and punters trying to make a buck by shorting shares and contributing SFA to the economy and the communities in which they live and work.