AndyRB
17 Aug 2015
Re: Entry price or not? I've been watching these for some time and I'm beginning to think that maybe they have much further to fall if the oil price stays weak . The market always overreacts up or down so I shall stay watching for now. Charts are working fine in firefox for me maybe they need Java.
aspace
17 Aug 2015
Re: Entry price or not? Games, Your grim assessment also borne out by the CEO's statement in interim results where most of the metrics looked pretty negative:"This is the most severe downturn in oil and gas markets for nearly thirty years, and as a result North American upstream activity has reduced substantially. As we indicated through the first half, this has had a significant impact on the Group’s interim financial performance"[link] Telegraph paints an even more ominous global macro picture based on Chinese export drop, Chinese infrastructure investment slowdown, artificial stock market support and consequent impact on current and future commodity prices and therefore mining. the way, anyone else finding that charts no longer seem to work? I have tried both Firefox and Chrome but cannot get charts working.
nk1999
03 Aug 2015
Investec From ADVFN:"Analysts at Investec upgraded their rating for Weir Group to 'hold' from 'sell' and kept a price target of 1450p.Investec analyst Thomas Rands said forecasts for the engineering group were updated off new management guidance which resulted in a 10% downgrade to its 2015 full year adjusted pre-tax profit.Rands said Investec continued to forecast an earnings recovery for financial year 2016 but it would be relatively limited.He said Weir Group was close to the bottom of the earnings downgrade cycle prompting an upgrade, but Investec could not upgrade to 'buy' as it expected Weir's oil & gas division to recover slowly.While first half trading was moderately better than anticipated, oil and gas overseas input orders and minerals after market orders were both worse than expected, Investec said.It noted pricing pressure remained on minerals but volumes were currently strong enough to offset this."
glasgowboy
15 Jul 2015
the current price IMO is an attractive entry point ?
Rhigos
09 Jul 2015
Re: Correction to Buy recommendation from Goldman Sachs Meant to say in last message 21% fall in SP from high at end of May not June.
Rhigos
09 Jul 2015
Buy recommendation from Goldman Sachs Goldman Sachs retains buy recommendation with target price of 2100.SP sliding down sharply, 21% since high at the end of June. Should have got out in June. At these prices I think a hold.House builders look like a more attractive buy now following fall yesterday on budget buy-to-let tax relief changes. [link] think cutting tax relief on buy-to-let mortgages a good thing and will in the long make houses more affordable. I am now more bullish on house builders. I have not heard anyone saying we have a surplus of houses or that they are hard to sell for the last 5 years or so.
nk1999
12 Jun 2015
Re: Broker views, 3 out today Some more details from ADVFN:"Shares in Weir Group were extending losses on Thursday morning as analysts reacted to a cautious trading update from the engineering outfit the previous day, with recent weakness in the US oil and gas market worse than expected.Broker Beaufort Securities lowered its recommendation on the stock to 'hold', while Jefferies stayed at 'hold' and JPMorgan Cazenove maintained an 'underweight' stance.Meanwhile, Numis Securities reiterated its 'hold' rating and reduced its profit forecasts, saying that the stock's valuation is up with events."The oil and gas weakness in North America is having a deeper and more protracted impact than previously anticipated, hence the reduction in expectations of 5%," said Numis analyst David Larkam. He now predicts a pre-tax profit of £270m this year, down from his initial estimate of £285m."When recovery comes the shares will no doubt start to look attractive again," Larkam said."
Hardcore Uproar
11 Jun 2015
Re: Broker views, 3 out today The bears on here have been warning you Rhigos, for a long time now. Fundamentals are not what is holding this share up. Why have you changed your bullish opinion? I cannot see nothing has changed, there has been an upturn in commodity prices over the last 6 months but yet is not so clear to see whether this is demand driven or just pure market speculation.I would not be here, there must be a serious risk of a big profits warning from Weir, then that debt from acquisitions made in bull markets becomes a serious problem. Weir, over the last couple o months has been bouncing on the back of increasing commodity prices (not demand). It is very difficult because all markets are rigged they are not price sensitive.As for UK house builders, Rhigos, I would be shorting, forget the Telegragh, house prices over the LR are just as much about affordability as demand/supply. UK house prices are in for a massive correction, 2008 wasn´t really that many years ago, no? The market then was close to capitulation as was the case in 2001. The UK housing market is a Ponzi, waiting to explode. In Spain, before 2007, there was a massive housing shortage, the market imploded & now they have an over stock of 1m properties!
Rhigos
11 Jun 2015
Broker views, 3 out today JP Morgan Cazenove reiterates UnderweightBeaufort Securities reiterates HoldJefferies International reiterates HoldWas looking to sell half my holding to buy more Berkeley Group Holdings. Wish I had done when I first thought of doing so as SP of Weir keeps falling.Not much in the way of good news from Weir. Weak oil prices really effecting them badly.
II Editor
04 Jun 2015
NEW ARTICLE: Investors can reap benefits of chaos theory "In the end, it's all about trust, this game we call financial services - and more specifically the discipline of investment. We have to trust something, even if it is only ourselves.For example, we all know many funds don't perform as well as ..."[link]
onedb1
01 Jun 2015
Re: Bad timing could have been Thanks Kalan , I agree a bank is a bank but I feel the trade was horribly wrong 
) I have to admit that the whole thing was not as I had planned it lol . I was to quick to jump on the first break out , then suffered the 150p drop , suffering as I nearly got stopped, then the second break I close at 41p in profit but way too soon . I hope you are right though on the 1700s , would be nice to reload should the chart be signalling a good trade , risk reward wise
KALAN
26 May 2015
Re: Bad timing could have been Timing unfortunate with hindsight onedb1 but decision was right based on the evidence at the time - I think you may well get the chance to re-enter in the 1700's - the sp is looking well overblown at these levels to me.
onedb1
26 May 2015
Bad timing could have been nearly twice as much my Friday's profit . Pffffttt ! typical )
onedb1
22 May 2015
closing my long now for 41p profit Nothing TA specific or fundamentals, just banking a profit , 3 day weekend and I prefer to bank and move on for now . Will keep on looking as its on my watch list
onedb1
22 May 2015
closing my long now for 41p profit Nothing TA specific or fundamentals, just banking a profit , 3 day weekend and I prefer to bank and move on for now . Will keep on looking as its on my watch list
