I have sold out of Weir today at £23.43; certainly not the highest intraday price but a good 38%+ return from holding for 13 months. The commodities and US fracking boom is probably over and Weir has successfully ridden that. Future growth looks much harder to find hence the quest for acquisitions, which are rarely as profitable as organic growth and always the risk of a real stinker. With an historic PE of 16 and nominal dividend yield the share price is supported by nothing. All the risk is downside and that's why I have cashed in with thanks to Weir for the profit.

Events may prove me wrong.

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