Weir Group share price explodes! Here’s what I’m doing about it

first_img Our 6 ‘Best Buys Now’ Shares Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Rachael FitzGerald-Finch has no position in any of the shares mentioned. The Motley Fool UK has recommended Weir. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The Weir Group (LSE: WEIR) share price jumped almost 16% yesterday. Apparently, the FTSE 250 engineering services firm is to sell its oil and gas business to Caterpillar, the US heavy equipment manufacturer, for £313m. This sale will, of course, depend upon shareholders approval. But I think this is likely to be given. After all, shareholders have known for some time that this spin-off was in the pipeline. Weir management is keen to streamline operations and focus on its core business of supporting global mining operations.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…So, with all this in mind, is now a good time to buy Weir’s stock? Well, it all depends…Weir Group share price forecastHistorically, divestitures are generally good for investors. The share prices of parent companies often perform well and most of my own research suggests that most sell-offs increase shareholder wealth. Consequently, an immediate rise in Weir’s stock price upon the sale announcement was always likely.However, some academic studies have also shown that’s it’s not uncommon for divesting companies to undervalue the asset up for sale. But in this case, Weir’s oil and gas division provided the firm with a £372m pre-tax loss in 2019, on top of a £546m impairment charge. And with low oil prices denting demand for pumping equipment, it’s likely that the financial profile of the division no longer complements its mining business. Moreover, this situation would likely increase costs, damaging profits further.I’m not convinced the energy equipment maker is in a position to wait for a higher bidder. But, I’m expecting a volatile share price as investors weigh up whether £313m is a good price for the oil and gas division.        Other factors to considerAt the current price around 1,483p, Weir Group is selling without a valid price-to-earnings ratio. This is because its 2019 earnings, and indeed its five-year average earnings figure, is negative. In other words, over the last five years, Weir Group has not made an overall profit. As an investor, this is a big red flag for me and makes its current selling price very expensive.However, a major reason earnings per share were negative in 2019 was due to a write-down of oil and gas assets. And in the first half of this year, its oil and gas division saw a 48% drop in revenue and an operating loss of £4.4m.From this perspective, the sale of this division is good news. Weir will use the cash to pay off debt and enable the group to move forward as a “focused, premium mining technology business“. Management is relying on growing demand in harvesting essential metals sustainably and efficiently. As its core business, this bodes well for the future and I suspect this optimism is what caused the explosion in Weir’s share price yesterday.However, as I’m not already an investor in the firm, I think I’ve missed the short-term opportunity for any capital gains relating to the sale of its oil and gas division. Indeed, Weir’s stock is now too expensive for me.Yet once the sale has gone through, Weir Group is well-positioned for the future and I’ll consider it again when the price settles down. But for now, I think there are other investments out there that may provide better returns.    I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. Enter Your Email Addresscenter_img “This Stock Could Be Like Buying Amazon in 1997” Weir Group share price explodes! Here’s what I’m doing about it Image source: Getty Images. See all posts by Rachael FitzGerald-Finch I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Rachael FitzGerald-Finch | Tuesday, 6th October, 2020 | More on: WEIR last_img read more

Rausing Charity Survival Fund to benefit over 300 charities

first_img Melanie May | 1 October 2020 | News We are delighted to announce that through the Charity Survival Fund, we will be supporting over 300 #charities right across the UK, with an increased total of £18 million on the initial £10 million announced in July. https://t.co/AOGnSNm1Yl pic.twitter.com/7zsB8h8aqX— Julia & Hans Rausing Trust (@JHRTrust) September 30, 2020 Advertisement  522 total views,  3 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3 AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis3  521 total views,  2 views today The charities work within The Julia and Hans Rausing Trust’s main areas of interest: Health and Wellbeing, Welfare and Education and Arts and Culture. Over £11 million will go to charities supporting people’s health and wellbeing.Announcing the news yesterday on social media the Rausings said that they had received over 2,500 applications, and that all successful applicants had been notified by email.Julia and Hans Rausing commented:“We were overwhelmed by both the quality and quantity of applications we received for the Charity Survival Fund. It highlighted to us the perilous state that so many amazing charities have found themselves in due to the loss of day to day income caused by the coronavirus pandemic.“It is because of this need that we increased the funding available through the Charity Survival Fund to £18 million, and we are pleased that this funding will enable so many extraordinary charities to continue their excellent work and support their local communities at this difficult time. We would like to thank every organisation that applied, and we hope the Charity Survival Fund will encourage others to support charities in need.”This was the first time The Julia and Hans Rausing Trust had accepted funding applications from charities.The £18 million Charity Survival Fund awards bring Julia and Hans Rausing’s total Covid-19 support to over £35 million, which includes their initial response earlier in the year where they gave £16.5 million to charities and organisations that were working on the frontlines to ease the situation within their local communities.center_img Rausing Charity Survival Fund to benefit over 300 charities Julia and Hans Rausing are sharing their £18million Charity Survival Fund between just over 300 charities, they have announced.The Rausings launched the fund in July, and later increased the money available from £10m to £18m. It is supporting small and medium sized charities in the UK that have lost income due to the pandemic with core funding.In total 329 charities across the UK have been selected to receive funding from the Charity Survival Fund. This includes 15 charities whose regular annual income is less than £20,000 will receive funding, and over 170 charities who usually generate upwards of £500,000 per annum. The charities include Northern Ireland-based Kinship Care, The Candlelighters Trust, and Fresh Start Portslade. Tagged with: COVID-19 Funding About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.last_img read more

Victims of crime need to be recognised in justice system

first_imgNewsVictims of crime need to be recognised in justice systemBy Staff Reporter – February 23, 2016 566 Andrew [email protected] up for the weekly Limerick Post newsletter Sign Up VICTIMS of crime need to be fully supported and a shift in the perceived “balance in favour of criminals and repeat offenders” according to Fianna Fail spokes person fro justice, Niall Collins.Deputy Collins say that while ordinary people fall prey to criminality, they are left unrecognised in the system”.“If Fianna Fáil is in government, criminals convicted of an offence will be expected to pay a new victim’s surcharge. This is a charge to be paid by an offender after they have pleaded guilty or been convicted. The amount depends on the circumstances of the offender and the sentence passed. It will be separate from any fine or other court charge. Limerick’s National Camogie League double header to be streamed live WATCH: “Everyone is fighting so hard to get on” – Pat Ryan on competitive camogie squads TAGSFianna Fáil Justice spokesperson Niall CollinslimerickNiall Collins TD Facebook Limerick Artist ‘Willzee’ releases new Music Video – “A Dream of Peace” Linkedin Email Niall Collins TD“The fees from this surcharge levied on convicted criminals will be ring-fenced for a new Victims’ Support Fund to help finance victim’s support groups. When a court passes a sentence it must also order that the relevant surcharge is paid.“We also proposed to set up a Sentencing Commission to reform the area of criminal sentencing, improve consistency and work to enhance public confidence. This will be based on legislation I published in 2013.“This new Commission would be tasked with preparing sentencing guidelines for criminal offences, taking into account the following:(a) the sentences imposed by Courts in Ireland for offences;(b) the need to promote consistency in sentencing;(c) the impact of sentencing decisions on victims of criminal offences;(d) the need to promote public confidence in the criminal justice system;(e) the cost of different sentences and their relevant effectiveness in preventing re-offending;“By establishing clear and accountable guidelines for criminal convictions, judges would be supported in their decision-making while their independence is maintained, something which is paramount in our democratic process and the administration of justice.“Fianna Fáil has brought forward a wide range of measure to tackle crime and improve the criminal justice system in this election. We are firmly committed to making communities safer and ensuring that justice is done and seen to be done for victims of crime.” Limerick Ladies National Football League opener to be streamed live Previous articleCounty Limerick people urged to use their vote to scrap water chargesNext articleFree concert at Limerick City Gallery of Art Staff Reporterhttp://www.limerickpost.ie Predictions on the future of learning discussed at Limerick Lifelong Learning Festival Advertisement Twitter WhatsApp RELATED ARTICLESMORE FROM AUTHOR Print Billy Lee names strong Limerick side to take on Wicklow in crucial Division 3 clashlast_img read more

PHOTOS: Kendrick Lamar, Arctic Monkeys, More Top 2018 Firefly Music Festival

first_imgOver the weekend, the Firefly Music Festival returned to the Woodlands of Dover, DE for their seventh year in a row. The festival was topped by headliners Eminem, Kendrick Lamar, Arctic Monkeys, and The Killers, and included performances from ODESZA, Lil Wayne, Logic, Martin Garrix, GZA, Alt-J, Portugal. The Man, Foster The People, MGMT, Mike D (DJ Set), Big Gigantic, Jimmy Eat World, Chromeo, Cold War Kids, Warren G, Royal Blood, Spafford, and so many more.Check out the full photo gallery below, courtesy of photographer Sean DiSerio.Firefly Music Festival | Dover, DE | 6/14-17/2018 | Photos: Sean DiSerio Load remaining imageslast_img

Amel Tuka the best Athlete in Europe!

first_imgThe BiH athlete Amel Tuka was selected the best athlete of the Old Continent in the past month, based on a competition organized by the European Athletics website.A combined number of retweets and likes determined the winner, and Tuka celebrated with peerless. In the end, he collected 11.670 likes and 220 retweets, thus breaking the previous record held by the Serbian athlete Ivana Španović.The BiH representative celebrated in extraordinary competition where many other athletes were included, such as David Storl, Jimmy Vicaut, Mo Farah and Renaud Lavillenie.When it comes to female athletes, sprinter from the Czech Republic Zuzana Hejnova celebrated with final 669 likes and 11 retweets.(Source: hayat.ba)last_img