Plexus Share Discussion Threads

[james japp] 06/11/2023 08:49

9636

Those fish dishes were great last night, but my word did I (and Mrs j) know I’d had it.

[james japp] 06/11/2023 08:48

Low 20s Mikey, occasionally mid, all very pleasant.

I understand it is ok. But I’m not that great a swimmer and can’t get my head under as I almost inevitably get an ear infection, so probably not the best to arks.

The airport it quite a thing, I bet the pilots love landing here as opposed to the run of the mill jaunts.

[monte1] 06/11/2023 08:47

Spend 4 hours last night with 20kg of Mr L on my knee clinging on for dear life with them blimmin fireworks exploding all around.

[monte1] 06/11/2023 08:46

#9635

That’ll be the 11 courses imco.

[michaelg1] 06/11/2023 08:45

Good Morning all.

James, what is teh sea temperature like and is the snorkelling any good there? I understand the airport can be quite tricky to land at due to the wind.

[monte1] 06/11/2023 08:43

Sounds more exotic than Buckie

[grahamite2] 06/11/2023 08:42

A tour of Blandys, now you're talking!

[monte1] 06/11/2023 08:41

Sound good James - sufficient ad-hoc napping opps built in I trust.

[james japp] 06/11/2023 08:35

Breakfast, couple of hours by the pool/sea, then wander into town to have a look around Mercado dos Lavradores before going on a tour of Blandys. Then back for a couple of hours before dinner, I think.

[monte1] 06/11/2023 08:30

What is in todays agenda James?

[monte1] 06/11/2023 08:29

Watcha peeps

[emigna2020] 06/11/2023 08:12

M`Ickes` husband is making brecky today.

[emigna2020] 06/11/2023 08:09

Slap that dirty Japp!

[source] 06/11/2023 08:07

They need to announce PLENTY more sales way before that becomes anywhere near a suitable worry I'd say Hotorcold :)Their end markets have been strong & growing for over 18months by now at least (as seen by lots of other players announcements etc), so Plexus can still take a lot more orders catch-up before that becomes a problem imo. (Although that would be a great problem to start to have soon! Lol).

[hatfullofsky] 06/11/2023 08:01

This raises a number of questions, How many Exact Adjustable Wellhead Systems do they have in stock (as each one is generating £175k over 3 months) very broad brush ? How many wells need to be abandoned ?

[james japp] 06/11/2023 07:57

9622

‘Tastes’ if you please.

Morning Patriots.

[hotorcold] 06/11/2023 07:47

I worry about keeping up with demand

[grahamite2] 06/11/2023 07:46

Morning all.

[source] 06/11/2023 07:43

Bit of a silly & poorly researched post mammyoko. Especially when it's clear as day that Ben et al own almost 60% ish of the company & added in fresh support funds regularly in the past two years alone. Also they got their IP back, & more, after the agreed terms with Technip. Again badly researched assumptions aren't necessary on this board when all you needed to do was simply read a few RNS's. Hope this helps though set you back onto more fact based posts.

[paulypilot] 06/11/2023 07:42

I think it helps keep punters interested, if there's regular newsflow, even if contracts announced are not game-changers. So I like the recent flurry of news. It's reassuring that progress is being made. I find with lots of small caps, the gaps between trading updates can be far too long, and then everyone starts to worry, and imagine something bad might be happening when the share price drifts. People are nervous after a hideous 2 year bear market.

[stevehuges] 06/11/2023 07:41

That the second one of these-sort of contracts in the last couple of weeks, all good news and keeps us in the spot light as we gain traction.

[tomboyb] 06/11/2023 07:34

Indeed Paul -

A good RNS nevertheless -

[paulypilot] 06/11/2023 07:27

Good to have another contract win this morning. Individually not huge, at £175k, but I see this as good confirmation that Plexus is gaining traction in the Plug & Abandonment space, where there should be rich pickings in the North Sea (and globally) as we've been told before by the company. I like it when companies say they have potential in a particular area, and then start winning contracts, as it makes the investment proposition more credible.

Plexus has high margins too, the Cenkos note from March 2023 (available on Research Tree) has c.60% gross margins. Also as we've seen before, contracts sometimes end up higher than the initially announced amount (the big one, £5m went up to £8m within a few months after announcement).

This share is a work-in-progress I think, but we're getting a helluva lot of potential for just a £15m market cap. But we're all grown ups, and know the risks too, this one is not for widows and orphans at this stage.

[bloomberg2] 06/11/2023 07:15

Nice trade la