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POS Plexus Holdings Plc

17.00
0.50 (3.03%)
04 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Plexus Holdings Plc LSE:POS London Ordinary Share GB00B0MDF233 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 3.03% 17.00 38,306 16:35:28
Bid Price Offer Price High Price Low Price Open Price
16.00 17.00 16.50 16.50 16.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Machy, Equip 1.49M -4.02M -0.0381 -4.33 17.39M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:28 UT 5,041 17.00 GBX

Plexus (POS) Latest News

Plexus (POS) Discussions and Chat

Plexus (POS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-04 16:35:2817.005,041856.97UT
2024-03-04 14:26:4316.0010,0001,600.00O
2024-03-04 14:26:1016.4318,2653,000.94O
2024-03-04 10:10:1716.445,000822.00O

Plexus (POS) Top Chat Posts

Top Posts
Posted at 04/3/2024 08:20 by Plexus Daily Update
Plexus Holdings Plc is listed in the Oil & Gas Field Machy, Equip sector of the London Stock Exchange with ticker POS. The last closing price for Plexus was 16.50p.
Plexus currently has 105,386,239 shares in issue. The market capitalisation of Plexus is £17,388,729.
Plexus has a price to earnings ratio (PE ratio) of -4.33.
This morning POS shares opened at 16.50p
Posted at 26/2/2024 21:43 by jeffian
Aye, but not a patch on the dividends.....

"goatherd - 11 May'03 - 19:20 - 15315 of 32915
.........
The other way of valuing is to look at dividends. Freelance in post 15293 of 10th May posted
“The dividend issue is also very pertinent. The company told me about a month ago that they were projecting dividend payments within '2 to 3 years' as they had no intention of going on the acquisition trail and that they intend to keep the headcount low both in the UK and in Frankfurt.”

Now if post-cash cash is £337, and the company follows the policy in the Freelance post then I would suggest the dividend would probably be covered 1.5 times. This gives a total dividend of £224m, for 114m shares, or £1.97 per share."
Posted at 21/2/2024 14:48 by hotorcold
It's not a punt. They have highly valuable proven assets. The Angola oil blocks in particular are full with millions of barrels of oil and they will be producing by year end. The admit the share price will alter depending on how quick they can extract it but when this area was previously drilled they were producing 12 thousand barrels per day and they were only doing this on about 8 meter section. They've now discovered 70 meters deep section I believe. The tech for drilling is far superior to when it was last drilled. The management are the biggest share holders is also a huge plus point. Keep an eye on Corcel. This could be my next 10 bagger after POS. I still hold a decent amount of shares here by the way.
Posted at 16/2/2024 18:19 by bloomberg2
-- Plexus to re-enter the Jack-up Exploration (Adjustable) Rental Wellhead market, with Exact* adjustable wellhead system, Centric* mudline suspension wellhead system and Fontus Explorer* configurable exploration wellhead system;-- Cameron to licence and transfer Plexus' original designed Exact-15 ("Exact") system rental wellhead inventory and Centric-15 ("Centric") mudline system equipment, as well as provide manufacturing support and assist in sales leads generation in return for a licence royalty fee;-- The 'through the BOP' ("Blow-out Preventer") wellhead systems offer improved rig personnel safety by enabling the BOP to be kept in place during operations and thereby reducing the risk of blow outs.-- The Cooperation Agreements are in line with Plexus' strategy, which is to create a portfolio of revenue streams and builds on:o an existing licensing agreement with Cameron, for Plexus' POS-GRIP(R) method of wellhead engineering, to be used on conventional and unconventional surface production oil and gas wells;o a collaboration agreement with TFMC, which provides a platform to further develop and commercialise POS-GRIP applications;o a licensing agreement with Gusar for Plexus' POS-GRIP wellhead equipment to be supplied to the Russian and CIS markets; ando the organic development and marketing of Plexus' POS-GRIP wellhead applications for any type of wellhead, aimed at meeting demand for guaranteed 'leak-free' seal technology and performance.
Posted at 16/2/2024 17:49 by bloomberg2
Plexus Holdings Plc Licence Agreement with Cameron, a Schlumberger Co.Source: UK Regulatory (RNS & others)TIDMPOSRNS Number : 7508EPlexus Holdings Plc10 November 2020Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services10 November 2020This announcement contains inside informationPlexus Holdings PLC ('Plexus' or 'the Company')Licence Agreement with Cameron, a Schlumberger Group companyPlexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP(R) friction-grip method of wellhead engineering, is pleased to announce that the Company has entered into a licence agreement (the "Agreement") with Cameron International Limited ("Cameron"), a Schlumberger group company, the world's leading oilfield services provider.The Agreement grants a non-exclusive licence to enable Cameron to use the Company's POS-GRIP and HG(R) metal-to-metal seal method of wellhead engineering for the development of conventional and unconventional oil and gas surface wellheads.Pursuant to the Agreement, Cameron shall pay a royalty to the Company based on the number of wellheads sold, leased, rented or otherwise supplied in each calendar year in the range of 3% to 6%, which shall apply up to the end of the 2029 calendar year, subject to the terms of the Agreement.The Agreement provides for a modest minimum performance requirement with respect to wellhead sales in a market that historically has consumed tens of thousands of production wellheads per annum. If Cameron does not reach the minimum performance requirement, it can elect to pay a "top up" royalty fee.In addition to royalty fees, Cameron shall pay the Company a capital licence fee payment of US$500,000 in exchange for the non-exclusive licence rights.If Cameron wishes to initiate additional projects, the parties have committed to work together to agree the scope, terms, objectives, territory and royalty rates and royalty duration of each additional project.The Company has a general obligation to provide Cameron with comprehensive guidance as to how to apply the specified intellectual property, including a specific obligation in relation to how to apply the POS-GRIP friction grip method of engineering for a period of two years from the date of the Agreement.The Agreement is for an initial term of three years with the option for Cameron to extend the agreement for a further six years. The Agreement contains customary provisions permitting either party to terminate the Agreement upon the occurrence of other events, including upon a material breach of the Agreement.As the industry pivots away from coal and oil to natural gas as the preferred future hydrocarbon energy source, as well as for the production of hydrogen, it is essential that a choice of dependable technology is available for application throughout the supply chain. At the wellsite, this certainly applies to wellheads where leak proof performance, particularly for natural gas, is important throughout the life of a field, and where wellheads have historically required maintenance to maintain integrity.POS-GRIP wellheads are "by design" capable of delivering life-cycle integrity by employing integral metal seals, which are externally pre-loaded, against permanent wellhead fixtures. This alternative method of engineering is achieved with a rigid assembly, for which critical actuation forces are accurately controlled, monitored and verified, to simultaneously energise multiple seal bumps, which maintain gas-tight integrity throughout the life of a well.Plexus' CEO Ben van Bilderbeek commented:"I am very pleased that we have entered into a non-exclusive intellectual property licence agreement with Cameron, a Schlumberger company."The first of what we hope will be many joint development projects between our two companies, will be the design and development of competitive and technically differentiating surface production wellhead systems, which incorporate our proprietary POS-GRIP friction-grip technology."The POS-GRIP method of wellhead engineering has over the years demonstrated that it delivers life-cycle integrity for critical seal systems, particularly for gas applications."The project will focus on the application of scientifically configured and actuated proprietary sealing methods, which can guarantee leak-proof and maintenance-free performance, throughout the life-cycle of a well. Such features are particularly relevant as the move towards net-zero emissions is demanded by ever more informed investors, and the environmental lobby."The resulting wellhead products will be marketed under the Cameron trademark, whilst in the meantime Plexus continues to offer its own proprietary wellhead technology, with focus on special applications and technically challenging projects, as well as innovations."Our joint aim is to demonstrate that with the right technology, our industry can achieve Totex savings, whilst at the same time addressing Capex issues, which are generally associated with the provision of the higher standards needed, whilst helping to responsibly develop oil and gas reserves."Paul Sims, Global Business Director - Surface Production at Schlumberger, commented:"We are looking forward to working with Plexus to explore the use of friction-grip technology in our wellhead systems."
Posted at 16/2/2024 13:36 by bloomberg2
Great news Paul !!! POS -SLB license? Does this mean SLB have to use POS kit for Plug & Abandonment contracts ? Does the revenue from these contracts all go to POS!! A good question for Ben to answer may be !! Very happy to hold for gold !! Thanks to your helpful updates on POS.....
Posted at 12/2/2024 12:07 by sturmey
Talking my own book here but a better alternative to POS might be Enteq (NTQ). Half the market cap of POS at £7m and has a potentially massive new product (SABER). Same industry at POS (oil drilling). NTQ is cash rich and has decent institutional holders. Management have skin in the game and have taken shares as payment in recent years. I have held this for over 10 years and followed closely and have a large holding. There are some good comments on the NTQ board from the small band of followers and shareholders. It's a binary bet on the success of SABER but the risk/potential return is positive.
Posted at 02/2/2024 20:46 by paulypilot
Just to reply to some points above.

I think the criticism of the CEO is pretty unfair. My view is that he took a risk and personally propped up the company at a time (Oct 2022) when it would not have had any other options than a deeply discounted placing. Just to keep it afloat could have easily doubled (or more) the share count. 10% pa on the convertible loans, and repaying them (so no dilution) is more than fair in my view.
Here we are in an absolutely transformed for the better position now, with net cash, and bumper profits for FY 6/2024, yet the share count has only gone up from 100m to 105m due to the sale of treasury shares. That's a remarkably good outcome I think, and we have the CEO to thank. Not entirely altruistic of course, but it was very fair overall I think. There were really no other options, and he could have totally screwed over small shareholders, but didn't. And the share price is 7x higher than it was at the lows, so we should be thanking him, not sniping at him.

AS regards the forecasts, I am assuming that with the big cash inflows from the £8m special contract, plus the $5.2m licensing deal, that Plexus would spend some of that cash on increasing engineering staff for growth. Plus we know they are spending some on increasing the rental fleet. Therefore I don't suppose the deal amounts would feed directly through to profit. Cenkos did say in one note that the £8m deal is high margin, I think they have previously said rental deals are something like 60% gross margin, from memory?

We've now got a much more stable company, funded OK for now, and with lot of potential. So am sleeping much better at night now, after the $5.2m deal, and relieved no dilution or a cash call re the convertibles.

A good platform now, and what happens next will depend entirely on newsflow re new contracts. So there's a wide range of potential outcomes, but so far so good, is my thinking.

Regards, Paul.
Posted at 29/11/2023 09:47 by paulypilot
jailbird - each of us is making our own assessment of risk:reward at Plexus, and with every share we look at. That's what investing is all about. We're trying to predict the future, which is impossible to do accurately.

Summarising might look something like this -

BULL CASE -
Proven superior tech, patented & decades of knowhow, experience & contacts.
Previously profitable before drilling dried up in 2015, and valued at peak £300m.
Licensing deal with world's largest oil services group, with products to launch globally shortly = new royalty stream.
Environmental & legislation now prioritising methane leaks - precisely what Plexus's products do - a new & significant tailwind.
Current financial year move back into profit forecast by Cavendish & confirmed in today's commentary from Plexus.
Mgt own 59% and jealously guard the share capital & have backed co with £3.2m of own money in innovative funding recently - commitment & belief this will work.


BEAR CASE -
Needs more funding, hence going concern material uncertainty - dilution unknown.
Has 10x share price rise overshot? (or was starting price of 2p just ludicrously low?!)
Will £8m special project contract win this year be a one-off?
General uncertainty over execution & to what extent they can commercialise the tech?


Each investor can weigh up these & other factors, then make an informed choice.
As there's a lot of uncertainty, we'll clearly come up with a wide range of potential outcomes & valuations! That's why the share price is so volatile.
Posted at 17/11/2023 10:49 by bloomberg2
Hunting PLC Q3 2023 Trading UpdateSource: UK Regulatory (RNS & others)TIDMHTGRNS Number : 3031RHunting PLC26 October 2023 For Immediate Release 26 October 2023 Hunting PLC("Hunting" or "the Company" or "the Group")Major Subsea OrderandQ3 2023 Trading UpdateHunting PLC (LSE: HTG), the global precision engineering group, today announces a further major subsea order and also issues a Q3 2023 trading update.Highlights -- $59 million order for titanium stress joints received in October 2023. -- Group EBITDA of $75 million, with the result in Q3 2023 similar to Q2; and 2023 full year guidance remaining unchanged at $96-100 million.-- Total cash and bank / (borrowings)(1) of $(68) million at quarter end. Year-end position now anticipated to be broadly zero. -- $511 million sales order book as at 30 September 2023. -- Launch of the Hunting 2030 Strategy. -- Opening of the Company's joint venture threading facility in Nashik, India. -- Robust demand across most product lines. -- Outlook continues to be positive, driven by international activity. Jim Johnson, Chief Executive of Hunting, commented:"We are delighted to have received another major order for Hunting's titanium stress joints. The technology is gaining further acceptance for application to offshore production vessels and we are pleased to be supporting clients with technology which delivers safer and faster cash flows for them."The performance of the Group has been encouraging in the period driven by strong international demand for oil and gas, underpinned by an increasing global focus on energy security and continued economic growth. Each of Hunting's product groups continues to execute on its strategy of growth, as we outlined at our Capital Markets Day."Our diverse product platform plays to the long-term investment themes of the industry, including strong growth in offshore work and international activity levels growing at a robust rate."We are also pleased to note that commodity prices are showing resilience. This strength will continue to deliver commitments to new drilling and completion activity as we enter 2024 and positions the Group strongly going forward."Major Subsea OrderThe Company is pleased to announce that in October 2023 it received a further large order for its titanium stress joints for a client operating in South America. In line with the Hunting 2030 Strategy, the Group has continued to pursue growth opportunities in the offshore segment of the global energy market, with today's announcement confirming the continued success of Hunting's stress joint technology for application to Floating, Production, Storage and Offloading facilities. The $59 million order will be completed over the next 28 months with revenue being recognised over this timescale. With this new order, the Group's total sales order book has increased from the position reported at quarter end.Q3 Trading UpdateHunting's trading performance during Q3 2023 has continued its positive momentum, as international drilling activity continues to drive demand for its major product lines. Activity in South America, the Middle East and Asia Pacific markets continues to be high, offsetting some softness seen within the North American onshore market. Year-to-date EBITDA of $75 million reflects a near doubling compared to the same period in 2022, as the focus on energy security and global economic growth increases. Hunting's EBITDA result in Q3 2023 is similar to Q2 and well ahead of Q1 2023 respectively, demonstrating the broad-based strength of the Group's diverse product portfolio. Group EBITDA margin has also exceeded 11% in the quarter, with pricing and demand remaining firm.The Group's balance sheet remains strong, with net assets as at 30 September 2023 of $865 million. Working capital increased by $28 million over the quarter as investment to meet secured orders continued, resulting in total cash and bank / (borrowings)(1) of $(68) million as at 30 September 2023.Management believes that cash generation will accelerate in the balance of the year and going into 2024, with a cash and bank / (borrowings)(1) position at year-end now anticipated to be broadly zero, due largely to new orders received in the period, coupled with order completions and payment timings.The 2023 interim dividend of 5.0 cents per share will be paid on Friday 27 October 2023, which will absorb $8 million. Capital expenditure for the full year is also now anticipated to be c.$35 million.In summary, the Board remains comfortable with current EBITDA expectations of $96-100 million as sales momentum and profitability are sustained.Product Line OverviewThe Group's global OCTG, Premium Connections and Accessories businesses have reported a strong performance in the year-to-date. Well completion activity in South America has delivered robust growth in the year, as activity in Guyana and Brazil remain strong. In Asia Pacific, tender activity in China, India and the Middle East is also reporting good momentum.Hunting's Perforating Systems business has reported headwinds during the past two trading quarters due to the reducing North American onshore rig count; however, EBITDA results remain broadly similar to 2022 as margins remain solid due to the prevailing product mix in the year-to-date.Within the Advanced Manufacturing product group, the Dearborn business has reported strengthening results in the year, with pricing and margins increasing. Non-oil and gas sales continue to increase.The Subsea Technologies product lines have reported strong results during the quarter, with demand for hydraulic valves and couplings delivering record results within the Stafford business, supported by ongoing activity in the Spring business as orders for titanium stress joints continue. New orders for Flow Access Modules within the Enpro Subsea business have also accelerated in the quarter.Other Manufacturing, which includes well intervention, well testing and trenchless products also report good results.Segmental OverviewThe Hunting Titan operating segment has reported flat results in the year-to-date, compared to the prior period. This result demonstrates the strength of the segment's product offering and its steady pricing and margins, despite the reduced US onshore rig count. International sales continue to improve, in line with its strategy to grow its presence in South America, the Middle East and Asia Pacific.The North America operating segment has delivered very strong results, driven mostly by the OCTG and Advanced Manufacturing businesses. As noted above, activity in South America has been extremely strong in the year given the drilling success in Guyana and the long-term development commitments made by major operators in the period.As noted above, the Group's Subsea Technologies businesses have also reported strong increases in activity in the period.The EMEA operating segment continues to complete work for Tubacex for Brazil, supported by growing momentum in the Middle East.Hunting's Asia Pacific operating segment also reports strong tender activity in the period, and will benefit from the new threading facility in Nashik, India, which opened in September.Hunting 2030 Strategy / Capital Markets DayAt the Capital Markets Day in September 2023, Hunting's management set out its strategy for growth to 2030. The Group plans to deliver c.$2 billion of sales per annum by the end of decade, at EBITDA margins in excess of 15%.Key areas of opportunity include growth of its OCTG businesses, driven by strong international oil and gas demand and the high-growth energy transition markets of geothermal and carbon capture, with an increase seen this quarter for geothermal tenders for delivery in 2024.Hunting also sees strong growth in its Subsea businesses as offshore investment by the global industry is projected to double throughout the remainder of the decade.The Group also plans to accelerate its non-oil and gas sales, predominantly through its Advanced Manufacturing businesses, as it targets the high-end markets of aviation, commercial space, defence and medical.The above strategy is underpinned by a focus on delivering strong free cash flow to the end of the decade and an increasing dividend distribution.Date of Next Trading UpdateThe Group's next Trading Update is scheduled for Wednesday 10 January 2024.For further information please contact: Hunting PLC Tel: +44 (0) 20 7321 0123 Jim Johnson, Chief Executive Bruce Ferguson, Finance Director lon.ir@hunting-intl.com Buchanan Tel: +44 (0) 20 7466 5000 Ben Romney Barry Archer George Pope Notes to Editors:About Hunting PLCHunting is a global engineering group that provides precision-engineered equipment and premium services, which add value for our customers. Established in 1874, it is a premium listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has operations in China, Indonesia, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.The Group reports in US dollars across five operating segments: Hunting Titan; North America; Subsea Technologies; Europe, Middle East and Africa ("EMEA") and Asia Pacific.Hunting PLC's Legal Entity Identifier is 2138008S5FL78ITZRN66.Note 1 -Total cash and bank / (borrowings) comprises cash and cash equivalents less bank debt and excludes the long-term shareholder loan of $3.9 million and IFRS 16 lease liabilities., the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDTSTFESFIIEDSEDS(END) Dow Jones NewswiresOctober 26, 2023 02:00 ET (06:00 GMT)
Posted at 06/11/2023 20:51 by bloomberg2
POS - GRIP IP still belongs to Plexus !!the Disposal and Collaboration Agreement is a major milestone for Plexus, we see this as merely marking the end of the first phase of the Company's development. Plexus is now entering what we believe will be a highly exciting and rewarding period, as we focus on developing and positioning new and existing POS-GRIP enabled products beyond wellheads for jack up exploration, both within the oil and gas sector, including production and subsea, and the wider energy industry, such as renewables and geothermal. As the recent order from Centrica for a production wellhead and a previous contract for a POS-GRIP connector for abandonment operations from the same operator demonstrate, we already have additional products ready for roll-out. In my view, Plexus has never been in a stronger position in terms of a combination of proprietary IP and cash resources to realise the full potential and value of POS-GRIP, and I look forward to providing further updates on our progress."Richard Alabaster, President of TechnipFMC's Surface Technologies business, stated: "I am very pleased that we have finalized the transaction which supports our objective of extending and strengthening our position in exploration-drilling products and services while leveraging our global field presence. It also enhances TechnipFMC's capability in HPHT applications."
Plexus share price data is direct from the London Stock Exchange

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