WEIR GROUP PLC (WEIR) Shares

ABOUT WEIR GROUP PLC

Weir Group plc is an engineering company with headquarters in Glasgow, Scotland and listed on the London Stock Exchange.

The company focuses on mining, oil and gas and power markets. It operates in more than 70 countries and employs approximately 14 000 people.

The company was established in 1871 as the engineering firm G. & J. Weir Ltd. by brothers George and James Weir.

They produced numerous groundbreaking inventions in pumping equipment, primarily for shipyards and steam ships.

The company later produced munitions and war materiel in the First World War including shells and aircraft and reorganised its operating units into three sector- focused divisions in the higher growth markets of mining, oil and gas and power and industrials in 2008.

OVERVIEW OF WEIR GROUP PLC

• Weir Group plc’s three divisions each focus on specific markets.
• Weir Minerals manufactures slurry handling equipment and spare parts for abrasive high wear applications in mining and oil sands and flue gas desulphurisation markets. Products include pumps, hydro cyclones, valves, de-watering equipment and wear resistant linings. The division is present in key mining markets like including South and North America, Australia and Africa.
• Weir Oil and Gas designs and manufactures pumps and ancillary equipment for upstream and downstream oil and gas markets globally. Upstream operations specialise in high-pressure well service pumps and flow control equipment along with repairs, parts and service of pressure control and rotating equipment. Downstream focuses on design and manufacture of centrifugal pumps, mainly for the refining industry.
• Weir Flow Control designs manufactures specialist and critical service rotating and flow control equipment to the global power sector. Facilities are in Europe, North America, China, Middle East, India and South Africa.

VISION & VALUES OF WEIR GROUP PLC

• Weir Group plc stays sustainable through focusing on six priority areas to balance environmental and societal benefits of its business with potential impacts arising from the operations. They believe that acting in a sustainable way not only protects and creates long-term value for shareholders; it benefits all stakeholders.
• They have chosen to serve natural resources markets because they are vital to current and future economic development. It is essential to access and process these essential resources, hence innovative engineers play a crucial role.
• Research centres and manufacturing facilities around the world design and produce a range of highly engineered solutions used in high wear applications which are supported by a global service network.
• Weir Group has put a sustainable value chain in place to ensure they meet the current and future needs of their customers and shareholders who purchase shares with the company.

MARKET PERFORMANCE OF WEIR GROUP PLC

• Weir Group plc’s shares are traded on the Financial Times Stock Exchange (FTSE) under the stock symbol WEIR listed in the Engineering Products sector.
• The year 2018 brought revenue of £ 2,449.9 million, operating income of £ 348.1 million and net income of £ 18.4 million.
• Revenue was 28% higher than the previous year; profit before tax was £310m (+22%) and cash generated from operations £ 411m (+86%).

Buy WEIR GROUP PLC stocks / shares – A Step by Step Guide how to Buy / Purchase WEIR GROUP PLC Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy WEIR GROUP PLC Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN WEIR GROUP PLC STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE WEIR GROUP PLC STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of WEIR GROUP PLC stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

1. Is it the best time to buy this stock / share?
2. Should I buy WEIR GROUP PLC stocks / shares in the current economic climate?
3. Can I afford to buy this stock / share?
4. What is the forecast of the stock / share growth?
5. What is the current price per earning ration on the stock / share?