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Started: Paultokyo29, 14 Mar 2024 11:43
Last post: Paultokyo29, 14 Mar 2024 11:43
Just sold some for a decent profit. Still holding on to quite a few in case it keeps rising GLTA
Started: Paultokyo29, 4 Mar 2024 10:56
Last post: Paultokyo29, 4 Mar 2024 10:56
Deutsche Bank raises Weir target to 2,175 (2,165) pence - 'hold'
Started: Paultokyo29, 29 Feb 2024 08:52
Last post: Exoplanet, 29 Feb 2024 14:59
Fall seems overdone I think. picked a small amount up just above £18
Should have done it straight away. Could be too late now.
Decent results as expected - WEIR continues to perform well. Typical market reaction without logic. I sold half my holdings yesterday and will buy back today at some point. GLTA
Last post: Paultokyo29, 15 Dec 2023 10:01
What happened on 13th Dec? couldn,t see any news etc that could have caused the sharp sell -off.
Just sold some after the spike today - still holding quite a lot still . GLTA
The UT trade went through at 1852 which is a jump from trades into the close which were around 1838.
Shows demand for the shares IMHO
Cheer
Barcap
Haha, yes.
Anything associated with AI gets a premium!
Weir acquired an AI company, SentianAI. Let's hope the AI connection pushes the SP over £19!
Started: stargate, 18 Jul 2023 14:32
Last post: Valueplay, 9 Nov 2023 14:14
It'll be back at 1950p soon :-)
1950 a month ago - didn't cash them all in . gutted! 8% decline in a month . ouch!
If sp, can close above 1800, it will break down trendline from 18/4/23, which is bullish . The price found support at the double bottom on 6/7/23, which is bullish .The major up trendline from 14/7/22, is intact, and was in vicinity of the bullish bottom of 6/7/23. The eventual profit target for WEIR, is 2100.
Started: Paultokyo29, 23 May 2023 16:38
Last post: Paultokyo29, 23 May 2023 16:38
What an awful week for WEIR! I can't see a reason for the decline.
i worked for weir in the past . i will always say , they earn money . like ABF no ones idiot .
Started: Paultokyo29, 27 Apr 2023 09:58
Last post: Valueplay, 27 Apr 2023 13:25
Paultokyo29,
Well done on topping up at a great price this morning. I'm a holder. Saw the results this morning and thought they were impressive. Could have been that the market was expecting even better results hence the drop at the open. Anyway this company looks to be still thriving and growing. I'm very happy to keep holding..
SP down sharply despite very positive guidance from WEIR today & satisfactory Q1 results. I have been waiting to top up so did quite a lot this morning. Why is SP down anyway? anyone know?
Started: D.L., 22 Feb 2023 16:25
Last post: D.L., 22 Feb 2023 16:25
Full Year Results next Wednesday 1st March
Started: Valueplay, 2 Mar 2022 22:55
Last post: Pokerchips, 14 Nov 2022 13:15
Jon Stanton Sunday Times Interview
https://www.global.weir/newsroom/news-articles/jon-stanton-sunday-times-interview/
Q3 Trading Update good - I bought in yesterday and note a Director Buy today ....
-------------------------
Significant growth in after market orders and strong execution
Very strong demand for Weir mining equipment and spares
· Production trends and installed base expansion supporting Group AM order growth2 +21%
· Integrated solutions and small brownfield activity driving Group OE order growth2 +12%
Good operating momentum and pricing power
· Q3 revenues up strongly year-on-year
· Supply chain and logistics challenges easing
· Input cost inflation mitigated; gross margins maintained
Outlook: Full year guidance unchanged
· Strong growth in FY22 constant currency revenue and profit
· Operating margin expansion in line with prior guidance
· 80-90% free operating cash conversion
These new H1 are good for a company but not necessarily for investors (unless they continue recovery/growth of course).
Generally profit only have reached the point to justify m-cap valuation (which was inflated before).
If it's just an anomaly in profits then sp is likely to go down.
Have bought in today at 1675p. Great results. Weir group in a great position as the Ukraine conflict forces countries outside Russia/Ukraine to maximise their mining resources and cut any reliance on Russian mining. New mining will need to be done as environmentally sensitively as possible, which will puts Weirs technologies in the limelight..
Last post: TheBigEazy, 30 Jul 2021 22:26
Hard not to concur.
Hope you're right about the proximity of better days - a fair wedge of my pension lodged with the Cathcart crew ...... and some with the -16% today Bab****s. Not a great week for me.
Strip out the sale of the oil and gas division including AMCO net of costs and I believe that explains the reaction today. WEIR's mining operations are not growing anywhere near fast enough to make up for lost future oil and gas revenues.
Reducing net debt during the period is a one off adjustment and the savvy analysts selling today are likely ignoring those headline figures and rather focusing on the slimmed down operations remaining. Still if the company are heading towards a position of increased sustainability and reduced risk on debt metrics, it should mean positive days are not so far away.
Started: sharehunter3, 3 Nov 2020 20:26
Last post: Uncle_Doug, 2 Mar 2021 09:35
Markets not happy with results !
Moving up nice and slow, surprised in the lack of input here
5% blue finish ,was distracted Today with the buying at gdr as more pick up shares as Mid February draws closer
like how weir share price moving up more ,another good start to this week .
Ticking up some more ,looking like a strong week here at weir getting distracted with watching gdr so many buyers moving in there again Today as it looking like more people wanting to be holding that share before mid month .like how weir starting of this week ,like a blue start to a week
looking strong again Today .
Started: RazorsEdge, 5 Feb 2021 05:10
Last post: RazorsEdge, 5 Feb 2021 05:10
Multinational engineer Weir Group (WEIR) helped the Liontrust UK Growth fund to outperform at the end of last year and managers Anthony Cross and Julian Fosh are positive about the sale of its oil and gas division.
Weir’s shares rose 19% during December, boosting the returns of the £609m portfolio. Despite falling 8.3% in 2020, the fund was still ahead of the FTSE All-Share, which slipped 9.8%.
At the end of the year, the group announced it had won a £95m contract to supply aftermarket components and services to a mine in western Australian and, further cementing its place in the mining industry, agreed to sell its oil and gas business.
‘The company also confirmed that the $405m sale of its oil and gas division to Caterpillar is expected to complete in the first quarter of 2021 rather than during 2020,’ said the Citywire AA-rated managers.
‘Following the sale, Weir will be focused on providing highly engineered technology to the mining industry.’
Weir’s shares closed down 0.6%, or 11p, at £19.25 yesterday. The stock has slipped just over 3% so far this year.
Started: Daniel123111, 24 Nov 2020 22:50
Last post: Daniel123111, 24 Nov 2020 22:50
Too busy counting money to chat?
Last chat 3rd Nov ???
Started: gold5, 5 Oct 2020 10:40
Last post: Feminaziwarlord, 5 Oct 2020 13:47
Literally BOOOM. Well done all, lobster tonight !
Well Kalan Hope you kept Weir on your Volcano watch. Couldn't be more wrong BOOoooM . Excellent company active management. With the mining sector set to rocket.
"can't see the rally today lasting - the deflation word is being used more"
so much for expert opinions on this board, idiots like you scaremongering when price is low. LMFAO
Got WEIR on watch volcano - it multibagged after the last crisis. Exposed to oil and gas - particularly USA and mining. It could repeat - however see the other posts as they were planning to get out of oil and gas - so this time it may be different - keeping my powder dry for quite a bit longer yet - can't see the rally today lasting - the deflation word is being used more and more often. Waiting for some clarity.
mail on Sunday Midas extra tip.
Started: Valhalla14, 27 Feb 2020 10:30
Last post: Valhalla14, 27 Feb 2020 10:30
Started: capra, 9 Jan 2019 13:38
Last post: Dodger16, 17 Jan 2019 10:28
I think with China v the US and Brexit most things are a strong buy!
Made some nice volume wins on existing portfolio this last few weeks - keeping it real as always! Hope all is good with you.
Chart looking very positive with a break of the downtrend. 123 low (higher low onto higher high) and a trendline break.
Strong buy, imo.
Started: MarktheSpark, 12 Oct 2018 13:51
Last post: MarktheSpark, 12 Oct 2018 13:51
BBC News report that the legal challenge to U.K. fracking has been defeated.
Weir are a big maker of fracking equipment - must be at a moderate read across to Weir’s prospects.
Started: MarktheSpark, 3 Oct 2018 23:01
Last post: Numbers, 10 Oct 2018 09:55
What a difference a week makes! :-( Weir has gone all negative over the past 7 days. I was sitting on a 12%+ profit at 1800p and now the profit is down to below 5%. Still think this share is currently undervalued with all but 1 broker forecasting share going above 2000p. Only Numis were neutral on Weir with a forecast of 1800p.
Brent over $86 with Majors looking to start new projects in oil and natural gas.
Weir a hedge against a Brexit stimulated fall in Sterling.
Weir the perennial rumoured take-over target especially at current exchange rates.
Suddenly the market has sniffed the coffee.
Cheers.
Started: Numbers, 3 Oct 2018 19:05
Last post: Numbers, 3 Oct 2018 19:05
There have been several multi-million pound trades, including a buy of over £20m of shares! Up over 3% today and hoping the rises will continue...
Started: MarktheSpark, 21 Sep 2018 00:26
Last post: MarktheSpark, 21 Sep 2018 00:32
...so the current posturing around a no-deal Brexit scenario will only make it a more attractive stock especially if backed up by first UK fracking and the increase in the price of oil after the sanctions on Iran.
I guess Weir must be seen as one of those stocks which provide a hedge against Brexit uncertainties....much of their revenue isn’from overseas and not denominated in sterling, so will be relatively uneffected by any sterling slide.
Started: MarktheSpark, 9 Jan 2018 22:52
Last post: MarktheSpark, 9 Jan 2018 22:52
Credit Suisse say now is the time to move into oil field services which should show a steady three years of growth from now on. All looking good for the market for many of Weir''s products and services. Brent Crude Oil at $69 tonight.
Started: MarktheSpark, 7 Jan 2018 23:11
Last post: MarktheSpark, 7 Jan 2018 23:11
Well done Pipk Weir has more than met your prediction. By the way In an interview with the Financial Times, the CEO of Shell said the companiy's growth of both oil and gas revenues will depend on shale development over the next 10years. Must be good for the frack pump side of Weir's production.
See a 5 % lift here in next 4 weeks. May drop initially but looking good.