Updates

Weir

March 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Weir has acquired Novatech, a US manufacturer of well service pump valves and pump seats for upstream oil & gas applications for US$176m. The purchase is being funded through existing bank facilities. Dallas-based Novatech's valves are used for high pressure applications such as frac, cement and mud pumps used in the so-called unconventional US oil & gas industry, thus enhancing Weir's position in this fast growing market. In its most recent year to 30 September 2011 it achieved revenues and EBITDA of US$61.6m and US$25.2m respectively, representing 88% revenue growth over 2010, while 90% of revenues are from the higher margin aftermarket. In reaction, broker Panmure has marginally increased forecasts by 2%, w ...

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Weir - Shares hit all-time high (May 2014)

Weir - Good value on forward PE of 13.6 (October 2013)

Weir - Eps have risen 278% in five years (May 2013)

Weir (October 2012)

Weir (June 2012)

Weir - US$1bn loan note issue provides fire power for acquisitions (April 2012)

Weir - Equipment supplier to oil & gas and mining sectors sees eps rocket (January 2012)

Weir Group - â€œPicks and shovelsâ€ play in oil mining boom (September 2011)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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