#WEIR – updates on trading disruption, refinances main banking facilities

#WEIR Group – Q1 orders -13% yoy “principally reflecting significantly weaker oil and gas market conditions”

#WEIR – guidance for Minerals & ESCO divisions unchanged, but now expects Oil & Gas FY Op. profit below expectations

#WEIR – wins its largest-ever individual mining order, of £100m

#WEIR – reduced oil and gas refurbishment activity, though mining positive. FY expectations unchanged

#WEIR Group – Q3 adj. revenue “broadly in line with expectations and ahead of the prior year”

Not Too Much to Fear About a Punt in Weir, I Fancy

Hello, Share Smackers. It won't have escaped your notice that one of the main reasons the Footsie stays high is the rise of mining shares. On most recent days, the big such companies are on the big index's leaderboard. But, as always, some miners do better than others.

#WEIR Group – proposed placing of up to 16,699,763 new shares to fund acquisition

#WEIR Group – emphasises order growth, but Op profit “expected to be slightly lower than previously indicated”

#WEIR – benefitting from recent stronger than anticipated upstream North American markets

#WEIR Group – FY “anticipated to be slightly lower than current market expectations”

#WEIR Group – disposal of 2 renewables operations, orders & revenues in April & May “slightly lower”

Rumour, potential and value: Weir shares at 2530p.

This morning my jaded eye, lifting itself above the froth of my early morning cup of Costa coffee, caught sight of news that Weir Group (WEIR) are in talks to take over Finish company Metso. The name sounds a bit like one of those invading cut price; foreign owned retailers that are giving the large established UK supermarkets a jolt. The question is will this deal help give Weir’s stock a material uplift?

The great bear trap on Weir closes: take profits at 2485p

As I like to say on such occasions, next to the sweet aroma of Cuban cigar tobacco hanging over Lord’s cricket ground on a fine summer’s afternoon, the most enjoyable smell is the pungent scent of scorched bears. We inhaled such perfume this week as the results from Weir Group (until recently one of the five most shorted stock in the market at over 10% of the equity) confounded professional pessimists by pushing the shares up to an all time high of 2546p.

Exclusive: Weir – The dark Destroyer & Lucian Miers go short

Neither Matt Earl – aka the Dark Destroyer – or his fellow bear raider Lucian Miers reckon that pumps group Weir (WEIR) is a bad company or going bust but both have opened up short positions at c£22 ahead of results on 26^th February. They argue that the shares could easily fall by £5 or more.

Weir Group shares still a buy after Q3 results

The Q3 data from pump company Weir (WEIR) provided some comfort for those of us looking for a recovery in orders amidst the continuing apprehension about low demand from oil & gas, mineral mining and power generation and other industries. 

Weir Group: I can see the upside

Weir Group (WEIR) shares are looking attractive at 2364p on technical grounds but with little support by way of book to price values. However, this share still has a faithfully bullish following with the majority of brokers still making the shares a strong buy.