Updates

Weir - Good value on forward PE of 13.6

October 2013

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, which makes equipment and spare parts for the oil & gas and mining sectors, have been subjected to occasional bear raids because of its exposure to the weak US shale market and the mining sector. However, its long-term record is fantastic (eps has increased 278% in the past five years) and its half-year results, which showed pretax profit falling 14% to Â£193m are likely to prove just a blip.The mainstay Weir Minerals, which provides slurry handling equipment such as pumps, valves and hydrocyclones (liquid separators) for working mines, grew operating profit 9% to Â£130m thanks to robust ore production activity. However, falling commodity prices meant customers lowered capital expenditure, with a s ...

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Babcock International - Two preferred biddder announcements due

TMI Trader Portfolio - October 2013

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

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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