Updates

Weir - Shares hit all-time high

May 2014

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.

Shares in Weir touched an all-time high of 2566p after it announced a possible merger with Helsinki-quoted rival, Metso, but this has now been aborted. Earlier, it released final results, which noted a 4% reduction in pretax profit to Â£418m and 2% drop in eps to 145.4p, which was blamed on challenging end markets. However, a 12% increase in orders in H2 2013 suggests an improving outlook. In spite of Â£203m spent on acquisitions strong cash flow meant net debt has increased only Â£58m to Â£747m. In the minerals side, which provides slurry handling equipment such as pumps, valves and liquid separators for working mines, operating profit increased by 6% to Â£269m on unchanged turnover of Â£1.3bn with operating margins ...

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LSL Properties

Perform - Efficiency drive should raise margins

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 (March 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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