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| 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
|
|
|---|---|---|---|---|---|
| 1.50 | 13.04% | 13.00 | 481,146 | 16:35:28 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 12.50 | 13.00 | 13.75 | 11.50 | 11.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil & Gas Field Machy, Equip | 1.49M | -4.02M | -0.0381 | -3.35 | 12.12M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:28 | UT | 3,172 | 13.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 01/7/2024 | 07:00 | UK RNS | Plexus Holdings Plc Succession Board Changes |
| 18/3/2024 | 13:58 | ALNC |  Plexus boosts revenue and swings to profit in "critical" first half |
| 18/3/2024 | 07:00 | UK RNS | Plexus Holdings Plc Interim Results For The 6 Months To 31 Dec. 2023 |
| 26/2/2024 | 11:41 | ALNC | IN BRIEF: Plexus develops replacement tubing hanger neck seal |
| 26/2/2024 | 07:00 | UK RNS | Plexus Holdings Plc Development of Replacement Tubing Hanger Neck Seal |
| 16/2/2024 | 11:14 | ALNC | Plexus shares soar on GBP1 million plug and abandonment North Sea deal |
| 16/2/2024 | 07:00 | UK RNS | Plexus Holdings Plc £1m contract for a Plug & Abandonment campaign |
| 02/2/2024 | 14:28 | ALNC | IN BRIEF: Plexus Holdings agrees to redeem loan notes |
| 31/1/2024 | 12:12 | UK RNS | Plexus Holdings Plc Partial Repayment of Convertible Loans |
| 24/1/2024 | 19:05 | ALNC | TRADING UPDATES: Diversified Energy criticises "opportunistic" report |
Plexus (POS) Share Charts1 Year Plexus Chart |
|
1 Month Plexus Chart |
Intraday Plexus Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/7/2024 | 22:35 | POS - Teh plan | 2,576 |
| 26/7/2024 | 14:01 | Plexus Holdings 2022 - Wellhead Systems for Oil and Gas Engineering | 1,542 |
| 11/7/2024 | 19:00 | Plexus POS (with Charts) - A green play on Oil and Gas ?! | 84 |
| 31/5/2024 | 09:33 | The Oxford Anthology of Roman Literature by Knox, Peter E | 10,016 |
| 01/5/2024 | 11:03 | The juvenile jumped up no mark thread part 2 | 3 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:35:28 | 13.00 | 3,172 | 412.36 | UT |
| 2024-07-26 13:00:11 | 12.50 | 327 | 40.88 | UT |
| 2024-07-26 12:41:04 | 13.00 | 30,769 | 3,999.97 | O |
| 2024-07-26 12:29:14 | 12.80 | 10,000 | 1,280.00 | O |
| 2024-07-26 11:54:52 | 13.01 | 500 | 65.05 | O |
| Top Posts |
|---|
Posted at 26/7/2024 09:20 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 11.50p.Plexus currently has 105,386,239 shares in issue. The market capitalisation of Plexus is £13,436,745. Plexus has a price to earnings ratio (PE ratio) of -3.35. This morning POS shares opened at 11.50p |
Posted at 24/7/2024 11:31 by paulypilot Quite right jailbird, in meaning if not style!I'm not giving a running commentary on POS, because there's nothing to comment on - we've gone several months now without news. I would only sell if I was unhappy with news, and decided that risk:reward was unfavourable. That's not the situation now, so I'm happy to hold, and indeed bought more today, but people must make their own minds up. It's very frustrating when we have a long gap between announcements. Inevitably some people drift away through boredom. We need an update from the company, it's been too long now. Paul. |
Posted at 22/7/2024 19:24 by jeffian The cabal - and AVATAR333 in particular - will no doubt get a sense of schadenfreude from my latest effort at repair/recycling. As our dustbins have now been replaced by those big green wheelie-bin things, I thought I would re-purpose the old bin into an overflow water-butt. Then I discovered it was so worn on the bottom, it leaked. Not deterred, I went off to the local builders' merchant and bought a tin of glassfibre-reinforce* Don't be a cheapskate. Just buy a new water butt. |
Posted at 02/7/2024 06:59 by paulypilot Hi,Yes Plexus remains my largest position, I'm just patiently waiting for news. The nature of the company is that it tends to win large, lumpy contracts, with gaps in between. I don't want to judge the Board changes announced yesterday, retirements (as expected, the only issue was timing), and internal candidates promoted. So I'm keen to hear from the new CEO & CFO - hopefully they'll do an InvestorMeetCompany webinar, to introduce themselves to the investor community, and set out their plans & progress. I find the gaps in between trading updates too long, so would prefer more frequent updates. My core view remains that POS has a very big opportunity, and a very small market cap! So hopefully we get so see a positive scenario play out, as last year gave an inkling of the upside potential, that needs to obviously be built on with more orders. Fingers crossed! Regards, Paul. |
Posted at 08/5/2024 11:28 by paulypilot No, Paul Scott is not selling his position!This is a long-term holding for me, and the short term share price doesn't really matter. I tend to buy the dips, and top slice into big rises, which works very well. Only for a small portion of my overall holding, as >90% is a long-term position. Although 13p is the level where I've previously had a rummage around for loose change to top up, so it's tempting to take out clumsy sellers when this happens. I'd like more frequent updates from the company, although it's previously been criticised here when it does put out updates. Significant newsflow tends to be infrequent, so we just have to be patient I think. Cash position should be fine after the 2 large one-off deals, so we shouldn't have to worry about dilution or insolvency. Also I like that previous announcements said that the large rental deal is capable of being increased again. Price drifting down between announcements is just the reality here, as people get bored and chase other things. Then vertical moves up on good news, where you can't get any decent size. Hence why I'm happier to just let my position run, and wait to see what happens. Paul. |
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 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 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. |
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