Weir Share Discussion Threads

[philanderer] 29/7/2020 14:20

As expected update.....

29th july Peel Hunt hold
29th july Shore Cap hold
29th july Liberum hold

[philanderer] 03/7/2020 10:13

3rd july Barclays overweight tp 1350p up from 1200p

[jimsyone] 28/6/2020 12:03

WEIR
Shares in Scottish engineering company surge on mining resilience

[elevator1] 26/6/2020 19:32

Another good steady rise. Keep it coming.

[philanderer] 26/6/2020 10:29

Good update and refinancing news

[gswredland] 14/5/2020 07:59

Has weir got plenty of cash to survive?

[philanderer] 30/4/2020 10:07

updated:

30th april Barclays overweight tp 1200p
29th april Jefferies hold tp 1000p
29th april UBS neutral tp 850p
29th april Credit Suisse neutral tp 1150p
29th april Deutsche hold tp 950p
28th april Liberum hold tp 770p
28th april Shore Cap hold -

28th april ++++ IMS ++++

[philanderer] 29/4/2020 14:03

Weir beats expectations

Engineering group Weir (WEIR) has delivered a better-than-expected first quarter but Jefferies is expecting the next three months to be more of a challenge.

Analyst Andy Douglas retained his ‘hold’ recommendation and target price of £10 on the shares, which rose 4.5% to 907.6p yesterday.

‘Weir’s first quarter update was better than most will have feared, we suspect, although we have seen other UK industrials report a solid first quarter and there are more challenges to come,’ he said.

He said the oil and gas arm was ‘just’ profitable but would ‘worsen in the second quarter and beyond’.

‘Management is doing all the right things on costs and cash,’ he said.

[smcni1968] 28/4/2020 19:32

i was expecting much worse

[philanderer] 28/4/2020 10:07

After today's IMS..

28th april Shore Cap 'hold'

[philanderer] 24/4/2020 10:07

UBS CUTS WEIR GROUP PRICE TARGET TO 850 (1450) PENCE - 'NEUTRAL'

[philanderer] 22/4/2020 14:21

JP MORGAN. neutral. Tp. 950p

[philanderer] 14/4/2020 10:10

JEFFERIES CUTS WEIR GROUP PRICE TARGET TO 1000 (1380) PENCE - 'HOLD'

[smcni1968] 28/3/2020 14:28

better that than going bust I suppose

[philanderer] 26/3/2020 10:34

Another dividend cancelled. That's about eight of mine gone.

[gswredland] 25/3/2020 18:34

Anyone know if weir has large debts please? Plenty of cash?

[philanderer] 23/3/2020 10:05

Seem to have cut their tp this morning.

23rd march Deutsche 'buy' tp 950p

[gswredland] 11/3/2020 17:37

Thanks Phil

[philanderer] 09/3/2020 10:37

8th march Deutsche buy tp 1500p

[philanderer] 27/2/2020 12:28

DEUTSCHE BANK CUTS WEIR GROUP PRICE TARGET TO 1550 (1600) PENCE - 'BUY'

JPMORGAN RAISES WEIR GROUP PRICE TARGET TO 1400 (1300) PENCE - 'NEUTRAL'

RBC CUTS WEIR GROUP PRICE TARGET TO 1800 (1900) PENCE - 'TOP PICK'

[philanderer] 26/2/2020 13:11

Weir Group, up 6.9%. The engineer said it was looking to exit its oil and gas business as it reported a sharp swing to an annual loss due to a non-cash impairment from the Oil & Gas North American assets.

For 2019, the Glasgow-based engineering firm posted a reported pretax loss of GBP372 million, compared to a profit of GBP86 million the year before, due to an impairment charge of GBP546 million recognised in the Oil & Gas North American cash generating unit.

Weir said challenging market conditions and uncertainty about the timing of market recovery led to estimates of future cash flows featuring lower revenue and margin assumptions, leading to a review of specific assets considered to be at risk.

Weir declared a final dividend of 30.45 pence per share, bringing the total payout to 46.95p, up 2% from 46.20p the prior year. Weir said its focus going forward was to become a "pure play" mining technology firm and added it was "looking for opportunities to maximise value from the oil and gas business at the right time".


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