oldjoe1
02 Dec 2016
WEIR On Verge Of A Breakout Again........ WEIR Looking strong again. Looking to break out again. £20.50p SP target.[link]
picstloup
30 Nov 2016
Re: Entry price or not? Hardcore's £2.50 looking unlikely but I think I'll bank some profits tomorrow. It will probably sink again (yo-yos and Weir have a lot in common) and if it does I'll probably buy back in. If not, will enjoy the upside on my remaining stake.
oldjoe1
30 Nov 2016
Re: WEIR, Helped by OPEC ................ WEIRMed to Long term SP target 2050p.[link]
oldjoe1
30 Nov 2016
WEIR, Helped by OPEC ................ <b>OPEC agrees first oil output cuts since 2008 - 11/30/2016 | 01:36pm GMT</b>The OPEC headquarters is seen in ViennaThe Organization of the Petroleum Exporting Countries has agreed its first oil output cuts since 2008, an OPEC source told Reuters on Wednesday.The source said the agreement was in line with an accord reached in Algiers in September. OPEC member Algeria was proposing to set a new production ceiling at 32.5 million barrels per day, down from current levels of 33.6 million.(Reporting by OPEC team)Weir The Weir Group Plc provides engineering equipment, services, and support to various customers in the minerals, oil and gas, and power markets.It operates in three segments: Minerals, Oil & Gas, and Power & Industrial.[link]
Rhigos
07 Sep 2016
Broker buy recommendation Weir Group reiterated as Buy by Goldman Sachs.[link]
Rhigos
22 Aug 2016
Re: Broker update, 18.5% upside indicated. SP not up 18.5 but to date 39% since my last post!Up 67.5% in the last 6 months. I have set a price target of 2050p. As oil price remains above $45 demand for fracking pumps etc. will remain strong.
nk1999
27 Apr 2016
Canaccord From ADVFN:"Weir Group's shares were under pressure on Wednesday after Canaccord Genuity downgraded its rating on the stock to 'sell' from 'hold' and cut its price target to 880p from 940p.Canaccord said it was lowering its earnings per share forecasts for 2016, 2017 and 2018, ahead of the engineering group's trading update on Thursday."We are putting in a cut of 16.9% to 54.7p for 2016 with a reduction of 7.8% for 2017 to make 65.0p and our initial forecast for 2018 is 75.8p," said Canaccord analyst Harry Phllips."These compare to Weir's own derived consensus of 62.3p and 70.9p for 2016 and 2017, respectively."Weir is expecting a significant reduction in 2016 revenue at its oil and gas division due to lower crude prices. The minerals business is expected to show a slight decline in revenue in constant currency. Overall, the group predicts flat revenue and operating margins.Canaccord has pencilled in full year sales of £1.7bn, down from £1.9bn the previous year."Despite considerable action on the cost base, including £45m to come from the full-year benefits from action taking in 2015 and £40m additional cost savings identified for 2016, we still see some potential downside risk to current year numbers particularly in oil and gas," said Phillips."Last week's rig count of 431 is 39.6% lower than the average for December 2015 and shows little sign of improving. In its Q1 results on 21 April, (oil services company) Schlumberger stated that the industry displayed 'clear signs of operating in a full-scale cash crisis' and that the environment is 'expected to continue deteriorating through the coming quarter'."nk
pyueck
07 Apr 2016
Tax inversion rules A few weeks ago there was talk of a takeover by a US company. I think this is now pretty unlikely as I suspect the goal of any deal was a tax inversion deal. Based on the legislation by Obama, that blocked the pharma deal, any deal that was being negotiated has probably now been abandoned.I think this explains the recent price falls, investors were hoping for a takeover which now looks a lot less likely.
II Editor
09 Mar 2016
NEW ARTICLE: Weir chart hots up "After breaking out of its established downward trading channel last month, and surviving an early wobble, LSE:WEIR:Weir shares have outperformed the wider market threefold. They hit a three-month high this week, but does a two-day drop reflect a ..."[link]
Rockeye
08 Mar 2016
Re: You might just want to read this first "Sounds strikingly like the Met Office to me!"Sounds the total reverse of the Met Office to me m8! Who else gets paid so well with (almost) unlimited resources to so often get it so wrong or at least less than right!?The only part of the weather forecast that can be relied on to be utterly accurate is the bit where they tell you what it was like yesterday!
Norman Barrington
07 Mar 2016
Re: You might just want to read this first <<So they’re only allowed to look at an “adjusted” image of the past – and only briefly. Instead, they must focus on the future, which they can easily control and mold to perfection in their pronouncements.>>Sounds strikingly like the Met Office to me!
Hardcore Uproar
07 Mar 2016
You might just want to read this first www.wolfstreet.com/2016/03/07/ok-i-get-it-this-stock-market-is-going-to-be-a-mess/"Sell-side analysts are not allowed to look back at reality as it happened. They’d get fired. The past can be measured, and their shenanigans become too obvious. So they’re only allowed to look at an “adjusted” image of the past – and only briefly. Instead, they must focus on the future, which they can easily control and mold to perfection in their pronouncements.These analysts ought to be laughed out of the room, but they aren’t. Their pronouncements are reprinted and cited reverentially in the financial media and fed to the investing public to make them feel good about paying enormous amounts of money for companies with terrible earnings and struggling in an environment of declining sales."
oldjoe1
07 Mar 2016
WEIR, CHART BREAKOUT...... [link] Breakout.Date Broker Recommendation Price Old target price New target price Notes04 Mar Goldman Sachs Buy 1,065.50 1,350.00 1,350.00 Retains26 Feb Deutsche Bank Buy 1,065.50 1,200.00 1,025.00 Retains
gamesinvestor
24 Feb 2016
Profits Pumped Out of Weir [link] FTSE 250 engineering group, which published its annual results on Wednesday, saw revenue slide 21% on a reported basis to £1.92bn, from £2.44bn. On a constant currency basis, revenue was down 22%. Operating profit fell 42% to £259m, with Weir's operating margin down 490 basis points to 13.5%. Its profit before tax was down 46% to £220m. The company had £365m of operating exceptional costs during the year, including a £225m impairment in Oil & Gas. Earnings per share were down 45% to 78.4p. Weir Group's final dividend was announced at 29p, leaving the year's total dividend unchanged at 44p.Games
II Editor
17 Feb 2016
NEW ARTICLE: Six big name laggards to outperform " A week ago, analysts at UBS published research revealing that the gap between cheap (value) and expensive (growth) stocks within individual sectors hit the tech bubble high. They claimed that this level of dispersion "does not hang around", and ..."[link]
