Weir Share Discussion Threads

[greek islander] 13/3/2012 12:02

We can now concentrate on the recent results without the clouding of the picture. Should be a very good thing but as tratante points out, the market makers can put a negative twist on anything if they want to.

[cambium] 13/3/2012 08:11

good I think, I dont think the synergies were there imo

[tratante] 13/3/2012 08:07

hard to say. Market can put a negative spin on anything. Ludowici would have been a good fit for weir, but market was worried they might get into a bidding war. That fear has gone, and there are always other fish in the sea.

[beercapafn] 13/3/2012 08:00

is the lapsted bid good or bad news for the share price. ?

[tratante] 13/3/2012 07:39

Ludowici offer lapsed and Weir are making no further bid. Dispels the uncertainty.

[sanks] 12/3/2012 16:40

This was bound to happen, way overbought alongside JMAT, BNZL, Spirax!
They will follow, no doubt

[greek islander] 07/3/2012 10:23

Response of market to results and acquisition news has been dreadful and frankly surprising though the overriding bear market is possibly a major factor.
Good to see a more positive sign today as the share price creeps back - it has a very long way to go though for people like me who bought heavily after the initial poor response to results RNS.

EDIT At least the overriding pattern is upwards

[tratante] 06/3/2012 12:19

Well timed director purchase, £50 k.

[tratante] 05/3/2012 09:39

not really, but seem less concerned about the small drop in margin than others. predict more upside ahead.

[apad] 02/3/2012 11:48

Any new info in the IC article?
apad

[tratante] 02/3/2012 11:35

Buy recommmendation in IC today on back of results. Might be good or bad sign!

[qantas] 02/3/2012 07:31

Takeover Update

[brain smiley] 01/3/2012 10:20

Weir: Panmure Gordon downgrades from buy to hold, target cut from 2,550p to 2,350p.

[greek islander] 29/2/2012 17:12

Digital Look today:

Engineering giant Weir hit its 2014 profit targets early, after seeing adjusted pre-tax profits rise by a third in 2011, helped by record performances in its Minerals and Oil and Gas divisions. However, shares dropped 4.5% despite the strong performance, owing to the group's ongoing battles in its bidding war with Danish rival FLSmidth for the takeover of Australian mining equipment supplier Ludowici.

[phil140158] 29/2/2012 14:03

Looks as if you were right, pf! I'll have a look at BNZL! Cheers

[pictureframe] 29/2/2012 13:51

Next one to take a tumble because it's way overbought is BNZL imo.

[brain smiley] 29/2/2012 12:35

2H 2011 EBIT/EPS approximately 5-7% ahead of consensus. Weir reported
full-year sales of £2.3bn, slightly ahead of the consensus (according to Vuma)
of £2.2m. Profits meanwhile were ahead, with 2H 2011 EBIT/EPS of
£227m/73p, 7%/5% ahead of consensus and 2%/0% ahead of our estimates.
The result includes a small acquisition integration charge (£11m) related to
Seaboard (within Oil & Gas). Both divisions performed well, with Oil & Gas
Upstream a particular highlight as we had expected. Upstream sales were
$982m in 2011, with 2H 19% higher than we had forecast, and very
considerably ahead of Weir's 1H guidance of $850m. Minerals' 2H EBIT result
was 7% ahead of consensus, although margins here declined modestly once
again (courtesy of adverse mix and growth in ancillary equipment sales).
Closing net debt of £673m was ca. £90m higher than we had expected. The
proposed dividend is increased from 27p to 33p.BE
Positive outlook, but some uncertainty regarding 2H at Oil & Gas. Weir's
outlook avoided the "uncertain macro environment" comment that has been the
norm this results season. Rather management focuses on a strong order book
and strong fundamentals. Overall the guidance is for the 2012 result to be
consistent with the current consensus of 159p (our estimate 178p) although
we'd suggest this is typical of the traditionally conservative guidance that Weir
gives and indicative of the slightly less certain outlook for Oil & Gas in 2H. In
particular, Weir refers to Upstream original equipment orders slowing (no
surprise) but aftermarket order growth only partly offsetting (some surprise to
us, suggests attrition rates may be declining). In line with peers, Weir highlights
the development of shale resources outside of North America.BE
Inexpensive structural growth story, but technical factors may cause
volatility near term. At a first glance we see no particular reason to have to
change our highest in the range 2012 EPS forecast of 178p (highest according
to Vuma). Whilst original equipment deliveries at Upstream may be down YoY
in 2H, the aftermarket business should at least partly compensate. At the
closing 2,205p Weir shares are valued at 12.4x 2012E EPS, a 13% premium to
the UK sector on 11.0x. This is inexpensive in our view given the positive
outlook for the two key divisions and the exciting international potential of the
oil & gas business. One concern for us is the current high stock-on-loan
(according to Bloomberg) which could cause share price volatility near term.Weir Group PLC (WEIR:LSE): Last: 2,164, down 41 (-1.86%), High: 2,219, Low: 2,077, Volume: 2.26mBE
Ok, and we're done.

[apad] 29/2/2012 09:48

Current hare price divided by just announced EPS.

Forecast PER is different.

apad

I

[brain smiley] 29/2/2012 09:41

Apad

That link I gave is the market forecasts.Where do you get 16.2 PE from ?


2011 Dec PE is 15.2
2012 Dec PE is 14.1

[apad] 29/2/2012 09:35

br...

Current PER is 16.2.

Share price divided by just announced EPS.

apad

[kkbabe] 29/2/2012 09:12

Just look at the chart. About to break through £22. I love this share. $1bn borrowed at 4.16% to pay for the recent buying spree but the return on capital is 29.2%. I bought at £4.30 so 411% capital growth and divi return now 7.68%. Have read on this bb of people agonising about whether to buy or not since £14 when it seemed high then but look at the performance. If this isn't a share to buy and hold then what is?

[apad] 29/2/2012 08:58

As expected I believe,debt is up significantly so divvy increase not spectacular.

How do you calculate the PE, b....s...?