Lupo di mare
25 Feb 2015
Re: Dividend Hike LK - A divi cut was not considered by me, but I would say that an inflation-linked rise would have been more understandable, and might have gone a little way to avoiding the possibility of an unsustainable divi - that you consider.Where's the Lambrusco Gal? Personally, I can see this going much lower.
LK Hyman
25 Feb 2015
Re: Dividend Hike Lupo,"the divi hike is designed to show confidence"They've raised the divi every year for 30 years. This is the 31st year of increases. That sort of thing is important and, I believe, admirable. After all, the entire value of a firm stems from the present value of the future stream of divis, so cutting the divi sends a less than cheerful message.At the same time one has to wonder whether Weir's divi policy is sustainable. There is no doubt that their customers will be squeezing 'em mercilessly on costs. I'm glad I sold when I did.LKH on the flybridge
broad_bean
25 Feb 2015
Poor visibility & debt increase I sold this last week as I had a small profit and new the results were out this week. They were as I expected not very good. The thing that concerns me the most is visibility for 2015 and beyond. With all the major customers in mining and oil cutting capex as if there was no tomorrow it will make this tough for Weir. The increase in debt is also a worry as it is already high - would have been better to hold the dividend or small % increase and pay off debt. On this basis I would not buy in at this price, although if it did drop down below 1500 I would be tempted as it is a good company.
bushwhacker
25 Feb 2015
The price fall this morning seems an overreactrion, given the price has already lost a third from its peak. Nothing in the report is surprising, we have all known the price of oil (and other minerals) has drastically fallen and the knock on effect is, or will be a fall in revenue. This years revenue is up, profits slightly down from last year, EPS pretty stable, yet the P/E has fallen to a ridiculous value of 10 again! The good thing for me is cost cutting, or merging of resources into a slicker larger form was already beginning, they will just amplify this for the markets needs, R & D spending is up, which shows to me the company is forward thinking with respect to its product line in so much as keeping ahead of the competition, and efficiencies in the manufacturing processes are improving.I am still keeping with this one for the longer term, even if there are dips and troughs along the way.
Rhigos
25 Feb 2015
Re: Dividend Hike Yield at yesterday's closing price was a modest 2.25% covered 3.8 times. That would be based on last previous results but never the less they can easily afford the dividend increase. If they had not done so SP would have fallen even more IMO.I am deeply regretting not selling about a year ago when I was showing a 56% profit. Now only around 7%.Beginning to look like a buy at these prices, assuming oil price moves up.
Lupo di mare
25 Feb 2015
Re: Dividend Hike Guess that the divi hike is designed to show confidence in Weir's future prospects, or, to put it more clearly, to try and stop the sp falling too much...
Lupo di mare
25 Feb 2015
Re: Dividend Hike I got out the other day, and now hope that the sp continues its fall, as I wouldn't mind getting back in at some point. The Company is doing the right things and with the shedding of staff and other efficiencies will emerge as a real winner. Just depends on how long before the poo lifts sufficiently for E&P to pick-up. And nobody, except maybe the new Deputy Saudi Arabian Oil Minister has an inkling about that.
gamesinvestor
25 Feb 2015
Dividend Hike In the face of such looming uncertainty it makes little sense to raise the dividend.This isn't a temporary blip surely, the core product of many of it's customers is half price.Games
Lupo di mare
12 Feb 2015
Re: I'm out Well of course, aspace, but the point of saying that the divi was well covered was that it was covered sufficiently to allow for a drop in earnings to ensure that the divi, which I said was 'no great shakes' to continue to be paid....Of course it's not the best divi payer.
aspace
09 Feb 2015
Re: I'm out The divi is only well covered so long as they're making sufficient profits. In any case WEIR is not the best dividend paying company currently available either. The current uptick feels a bit optimistic to me. I'm out and staying out.
Lupo di mare
08 Feb 2015
Re: I'm out Joking aside, is this worth hanging on to in the hope that the oil and mining sectors will stabilise soon, and turn to growth by the e.o.y. 2.25% yield is no great shakes. Going to have to give this some thought this coming week, and maybe do some trading. At least the divi is well covered for those in for the long term.
Lupo di mare
21 Jan 2015
Re: I'm out I see ENI's CEO (I think) is saying that we'll be heading for $200/bbl oil cos the lack of OPEC production control means that the cheap easy to get at oil will be used first. Just a question of time lads.Neat timing, Hardc
Hardcore Uproar
14 Jan 2015
Re: I'm out It will go back to the mean price, about 250p-400p It is just amazing the likes of, Weir & Shell have held up so well. A bit of patience & you´ll easily get these well under 500p. Weir, is a decent company but that great? It´s markets are imploding.
trader M
14 Jan 2015
Re: I'm out even more tempting now!
trader M
14 Jan 2015
Re: I'm out tempting indeed at 1626
