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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Weir

June 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.

  • Epic Code:
  • WEIR
  • Price:
  • 1553p
Weir has announced a strong first quarter with good revenue growth supported by a 14% jump in order input against the prior year (or 5% excluding acquisitions). The minerals & mining division showed order input up 18% against the prior year and ahead of expectations. Margins were in line with expectations and the outlook for global mining capital expenditure remains strong.  Slightly disappointing though (and what made the shares fall out of bed) was the oil & gas side where orders fell 5% overall and a whopping 26% on a like-for-like basis but the saving grace was that operational efficiencies, together with increasing aftermarket mix, meant margins were in line with expectations. The blame has been squarely laid on ...

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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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