Weir Share Discussion Threads

[donald trumpton] 04/8/2017 11:40

Typical that it did close the gap. Now the weekly's are pointing to further weakness. Although the dailies are saying Buy, I'm still not getting too greedy here, yet.

[cc2014] 01/8/2017 09:43

Getting frustrated now. Oil has risen about 15%, improved trading statement.

AMFW/WG. up 2.5% as I speak, FTSE up 60 and BP. up 3.3% and still it's struggling to not even fall

[donald trumpton] 24/7/2017 10:12

Time to Buy these today imo.

Of course it might yet close the gap to 1820. So I'm not being too trigger happy, yet.

[cc2014] 17/7/2017 12:53

I get it today. Leaked news last week.lol

[cc2014] 14/7/2017 11:13

I don't get this stock.

It's fortunes should depend on:
a) oil price rising
b) cable falling
c) oil rig count rising

Yet it doesn't seem to respond in the short term at least at all on this basis, although it does but on seems to be on quite a lagged basis.

Any clues? Is the AMFW./WG. merger causing some other affect?

[specul82] 23/5/2017 13:15

Are woodgroup the untested party in buying weir group

[cc2014] 27/4/2017 14:26

Volume pickup not sufficient to drive share price. Lack of margin increase holding this back.

[pugugly] 27/4/2017 07:28

Trading update looks in line but going to be a hard grind - Possibly open slightly down - but cannot 2nd guess Mr Market.

Edited at 8:10 Opened down some 50p 2.5% - However ex a 29p dividend - so possibly just moving down with the market

[cc2014] 25/4/2017 22:22

I agree with the bid opportunity. Ashamed to say I first bought around 1800p on this basis and watched it go to 800p. Bought some more near the bottom which have long since been sold.

The volume does not suggest a resurrection of the takeover rumours but someone has certainly been buying the last 2 days which might mean something or it might not.

I would very much like to hold onto my shares as I think there's a decent chance of a 5% increase in oil. Sad to say if the price hits 21xx tomorrow I'll sell a few more.
Kind of an indecisive way to trade and not very professional but in my mind better than making no decision.

[pugugly] 25/4/2017 21:57

At significant risk (imo) of opportunistic bid from overseas - A real gem of a company with 1st of class products.

[cc2014] 25/4/2017 21:54

Started offloading the stock I bought about 6 weeks ago somewhat reluctantly. Might be a mistake. Some gone at 2020, more today at 2090. Not sure what to do with the rest.

[cc2014] 25/4/2017 13:29

I'm confused. Price moving up strongly but oil down this month by 5% and cable going in the wrong direction too.

Why the move? Something to do with Trump and energy policy?

[cc2014] 04/4/2017 12:49

This stock frustrating me now. Price keeps moving up strongly first thing but it can never hold onto the gains. Maybe today will be different

[cc2014] 24/3/2017 16:02

Share price moving against sector. Someone desperately trying to rig price down on L2.

Just a thought that someone at this price with strong dollar, bid target may come up again

[cc2014] 17/3/2017 16:48

Price coming back today for reasons I don't understand. Sold one fifth of my purchases in Feb as I got a bit over-enthusiastic and bought a few too many. If I can sell another fifth I'll be far happier to hang on to the rest for a while

[cc2014] 17/3/2017 10:59

Buyers and sellers having a tussle on this one. Yesterday the buyers couldn't keep it up and today it looks to me like the buyers are very happy to continue buying all day and thus driving the price up but the sellers are more anxious to sell now rather than waiting to see if they can get a better price

One wonders how many the sellers have to shift and when they run out.

[apad] 22/2/2017 16:45

I hope it was this afternoon!
apad

[cc2014] 22/2/2017 16:39

lol. Not my best trade. Added 4 more times on the way down today.

A rather stupid bot seller on it today selling over and over on the trendline. If he's gone tomorrow it should bounce

[apad] 22/2/2017 08:51

ps
Good move, CC. I'd wait a bit before moving back, although they might trend back up a bit today, FWIW.
I hold.

[apad] 22/2/2017 08:50

WEIR FY
I reckon the tintins will be able to pick and choose to suit their prejudices. Nothing to frighten the horses, but the picture would be a sight worse without the weak pound.
I do not like the look of the new management. 2017 will be a long slog and they should benefit from their new pump.

"Signs of a cyclical upturn in O&G...although there is a range of views...about the recovery in 2017"

New non-engineer CEO appoints Chief Technology Officer outsider from an entirely inappropriate background :-(

Net cash generated from operating activities £216m (down from £310m), BUT £45m from currency translation differences. Currency benefit expected to continue in 2017.
EPS flat.
Divi maintained.
Pension liability up from £82m to £137m

apad

[cc2014] 22/2/2017 08:43

Hmm. Results look better than this to me. I sold most of mine over £20 and happy to buy a few back this morning. Volume low so far and think may well end up on day.

[1gw] 17/2/2017 17:28

And Citadel down below the threshold with both entities as of 15th Feb:

0.48% Citadel Advisors
0.48% Citadel Europe

Odd they don't have to report the aggregate position. Perhaps they are regarded as independent enough!

"Citadel Europe LLP (“CELP”) is a BIPRU €50,000 limited licence firm regulated by the FCA. CELP is retained as an independent sub-advisor to portfolio managers Citadel Advisors LLC (“CALC”) and Citadel Advisors II LLC (“CAL2”) pursuant to Sub-Advisory and Management Agreements."

[1gw] 14/2/2017 17:17

Still keeping an eye on this. Citadel appear back on a reduction path with their short position. Latest reported position:

0.58% Citadel Advisors, as of 9th Feb
0.93% Citadel Europe, as of 10th Feb (down from high of 1.30% on 7th Feb)

[slogsweep] 09/2/2017 08:50

Reverse head and shoulders? Fall to £16 (worst case) then on to £25 -£30 range. May be worth short term trade ie sell now wait for £16-17 then hold for £30 by mid 2018.
Just a chartist view but backed up by forecast EPS of 87 and 98 by 2018 and 2019.

Long term holder already recovered all my stake by trading on top happy hold as currency hedge as major dollar earner.

[1gw] 08/2/2017 12:01

Finally sold out here at just over £20. Looks to me like there might be a bit of resistance around this £20 level, particularly if Citadel are confident enough to keep increasing their short. Slight loss overall, but it's been a heck of a recovery since the lows so can't really complain.