Weir Share Discussion Threads

[philanderer] 26/2/2020 08:44

Bright spot in the portfolio so far.

[smcni1968] 26/2/2020 08:28

Getting out of oil & gas- buy

[philanderer] 25/2/2020 10:07

++++ JEFFERIES CUTS WEIR GROUP PRICE TARGET TO 1380 (1450) PENCE - 'HOLD' ++++

[philanderer] 21/2/2020 18:39

Full Year results next wednesday.

[smcni1968] 21/2/2020 10:15

Come on Weir, do something !

[philanderer] 18/2/2020 09:39

Market report..

Engineer Weir was the worst performer on the FTSE 250 after US peer Gardner Denver’s fourth-quarter results disappointed.

ADVFN

[philanderer] 13/2/2020 11:30

Best wishes to the Chairman , get well soon soon.

[philanderer] 29/1/2020 13:46

29th jan Citigroup buy tp 1700p up from 1650p

[philanderer] 24/1/2020 10:04

+++ JEFFERIES RAISES WEIR GROUP PRICE TARGET TO 1450 (1395) PENCE - 'HOLD' +++

[smcni1968] 21/1/2020 08:52

what a useless stock

[philanderer] 17/1/2020 11:03

17th jan RBC 'top pick' tp 1900p up from 1800p

[philanderer] 13/1/2020 09:57

+++ GOLDMAN RAISES WEIR GROUP PRICE TARGET TO 1500 (1450) PENCE - 'NEUTRAL' +++

[philanderer] 08/1/2020 12:13

8th jan Barclays 'overweight' tp 1750p cut from 1800p

[smcni1968] 03/1/2020 10:12

i'm losing patience with this

[philanderer] 19/12/2019 10:39

Downgraded by Credit Suisse to 'neutral' ...tp 1550p cut from 1600p

[philanderer] 18/12/2019 14:44

18th dec RBC 'top pick' .... reiterates

[philanderer] 27/11/2019 00:10

I'll hold what I've got but won't add just yet.

[smcni1968] 19/11/2019 10:34

anyone still like this? the oil and gas bit seems like it's going to be weak for a long time even if the oil price picks up, though is only a small part. mining looks ok into next year off we get some sort of global recovery

[smcni1968] 05/11/2019 13:20

looks like it's bottomed at last

[philanderer] 05/11/2019 13:12

5th nov Peel Hunt hold tp 1585p
5th nov ShoreCap sell tp 1268p

[philanderer] 05/11/2019 10:45

Weir Group, up 1.6%.

The engineering firm revered some early losses after saying third-quarter sales rose overall year-on-year but warned on full-year profit in its Oil & Gas division after experiencing difficult trading conditions.

Orders from continuing operations in the quarter ended September 30 rose by 4% from last year, though Weir added they were flat on a like-for-like basis. In the Oil & Gas division, orders were 32% lower year-on-year, with the firm attributing this to a tough market conditions in North America.

Weir added: "As a result of lower volumes in North America, the division was only moderately profitable in the third quarter and is anticipated to be sequentially lower in the fourth quarter." The firm said that there is a lack of visibility as to when trading conditions will improve and, in turn, it has undertaken a GBP30 million cost reduction programme, which will trim its North American workforce by 20%. The cost-cutting will result in an exceptional restructuring charge of GBP20 million


Alliance News

[philanderer] 04/11/2019 12:28

++ JEFFERIES CUTS WEIR GROUP PRICE TARGET TO 1395 (1440) PENCE - 'HOLD' ++

[smcni1968] 29/10/2019 22:21

Stifel:Weir Group PLC (WEIR LN, Buy) - Cutting forecasts to reflect O&G backdrop; but Mining aftermarket should remain strong. We are reducing our Weir group forecasts, primarily to reflect the fact that North American upstream O&G markets have shown clear signs of further deterioration over recent months. We are also adding a little more caution to our Mining OE assumptions for 2020E, given the macro backdrop and the increased hesitancy that this appears to be causing on new capex plans. We think, however, that investor gloom on shale markets is already well established, and that the much larger aftermarket side of the Minerals business should remain strong (and highly profitable): an array of peer data late last week is supportive of this view. This is critical, as the cashflows of this business should allow the group to navigate through the O&G challenges, and gradually start to pay down debt (we expect net debt/ebita at 2.5X at year end). On this basis, we think that the shares look good value, and should be well placed to benefit from any 4Q rally in cyclicals, particularly given the upcoming (Dec 6) Minerals-focused CMD. But we need to get through the Q3 update first (Nov 5), and see some risk that O&G is even worse than we now forecast in the short term. TP reduced from 1750p to 1550p.

[philanderer] 22/10/2019 10:06

JPMORGAN CUTS WEIR GROUP PRICE TARGET TO 1380 (1500) PENCE - 'NEUTRAL'