Weir Share Discussion Threads

[philanderer] 19/10/2018 12:53

They usually give a 12 month target. But WEIR getting a good kicking today :-(

[bouleversee] 19/10/2018 10:41

Yes, but presumably the Barclays and other analysts are aware of all that but are recommending strong buy at around 2400p so I hadn't expected a further drop today.

[philanderer] 19/10/2018 09:46

China gone wobbly , miners down, copper down. Recession within the next two years.

[bouleversee] 18/10/2018 22:33

Why has it come back so much? Debating whether to risk a top up or not. Just came across a cutting from The Times dated l.3.18 tipping Weir as a buy at £20.36 with a target of £24, since when it has gone in the opposite direction.

[philanderer] 16/10/2018 09:44

Barclays reiterates 'overweight' tp 2400p cut from 2500p

[philanderer] 15/10/2018 10:05

RBC reiterates 'top pick'

[philanderer] 10/10/2018 20:44

xd tomorrow morning for the 15.75p dividend

[philanderer] 09/10/2018 14:21

Oh dear :-(

[philanderer] 08/10/2018 10:00

8th oct HSBC 'buy' tp 2500p cut from 2700p

[philanderer] 05/10/2018 09:48

2 week low for copper

[philanderer] 24/9/2018 15:56

RBC retains TOP PICK, cuts target to 2250p from 2600p

[philanderer] 20/9/2018 13:58

Weir Group, up 3.0%. Morgan Stanley upgraded the engineering company to an Overweight rating from Equal-Weight, but lowered its price target to 2,120 pence from 2,240p. Weir shares are currently trading at 1,797.0p

Alliance News

[philanderer] 19/9/2018 16:43

Top day 😀👍🏼

[thefartingcommie] 19/9/2018 15:08

this just HAS to be THE steal of the YEAR!

lovely to be given a free hit of AT LEAST 15%

[philanderer] 14/9/2018 10:09

13th sept Goldmans buy tp 2020p

[philanderer] 10/9/2018 23:31

Rising Costs Weigh On Permian Gas Production


To be fair, not all shale gas drilling is slowing, but in the Permian Basin, which has seen the most incandescent growth in recent years, according to the Financial Times, growth is slowing markedly, according to Schlumberger, Halliburton and the U.K.’s Weir Group – all majors suppliers to, or active players in, the fracking industry.

[philanderer] 07/9/2018 10:12

Here's the updated 'experts' list with a few cut target prices ;-)


7th sept Numis hold tp 1800p
7th sept JP Morgan overweight tp 2060p
7th sept Deutsche buy -
6th sept Peel Hunt buy tp 2450p
6th sept Barclays overweight tp 2500p


6th sept +++++ Profit Warning +++++

[philanderer] 07/9/2018 09:49

Deutsche Bank reiterating 'buy' this morning ... doesn't look as though anyone's taking any notice of that.


1510p looking to be tested this morning ....and make that -12% in 24 hours

[cc2014] 07/9/2018 09:19

Now below £16 and continuing to look in trouble. I shall have to do some proper research but if this is what the market thinks Weir is worth with the oil price pretty high and a strong dollar I'll remain on the sidelines.

[eodfire] 06/9/2018 19:50

Are you fully invested in interserve on the quiet? :)

[nickg100] 06/9/2018 19:11

I'd take £20 for cash lol - Where does Weir go from here & what needs to happen (or stop happening!!) for a recovery?

Brokers seem to be full off the usual BS. Promotion to the FTSE100 looks a tad unlikely?? Bought into these on growth and a seemingly relentless stream of bullish statements - Professional and PI's alike. Frustrating to see! Sitting duck for the shorters!

[philanderer] 06/9/2018 18:28

Jeez, I'd take 2200p 😊


"Barclays cut its target price for the group on Thursday morning from £26.00 to £25.00"

[philanderer] 06/9/2018 14:30

Chart support looks to be around 1500p , but this is getting the b*ll*x kicked out of it now.

Over 2 million shares traded so far today and still heading down.

[philanderer] 06/9/2018 13:51

Alphaville...



Weir Group PLC (WEIR:LSE): Last: 1,677, down 109 (-6.10%), High: 1,699, Low: 1,640, Volume: 1.24m
BE
Problem is Permian.

11:24 am
BE
And a slowdown in original equipment orders

BE
This is an unscheduled update ahead of an investor roadshow where awkward questions might've been asked, so Weir's pre-empting of that is something to applaud.

BE
Gist here is that over the past two weeks, Weir's the aftermarket business had begun to see signs of
pricing pressure and a big softening in demand for original equipment

11:27 am
BE
As well as some order book delivery deferrals

BE
Whether two weeks of trading is overly significant is the unknown here.

BE
Here's UBS.

11:28 am
BE
Current consensus expects a 20% y/y increase (UBSe 15% y/y) in 2H18 Oil & Gas revenues, implying a 13% sequential increase 2H on 1H. In a scenario where Weir's Oil & Gas revenues hold flat in the 2H, this implies a 7% cut to Oil & Gas revenues (2% to Group revenues). Given the considerable amount of operating leverage in the business, we estimate a 15% impact to Oil & Gas EBITA, bringing the margin to ~14%, compared to current consensus of 15.8% (UBSe 15.3%). This would result in a 5% cut to Group EBITA and a 6% cut to Group EPS.

BE
Note also Slumberger and Halliburton both warning in recent days of US shale-related bottlenecks

Patience Testing....
BE
The issue remains how long this softness continues (we continue to believe that this is a temporary issue, although it is still painful and won't be resolved overnight).

11:30 am
BE
That's Jefferies.