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POS Plexus Holdings Plc

17.75
0.00 (0.00%)
28 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.75 17.00 20.00 - 0.00 07:31:47
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Machy, Equip 1.49M -4.02M -0.0381 -4.66 18.71M
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 17.75p. Over the last year, Plexus shares have traded in a share price range of 2.60p to 30.70p.

Plexus currently has 105,386,239 shares in issue. The market capitalisation of Plexus is £18.71 million. Plexus has a price to earnings ratio (PE ratio) of -4.66.

Plexus Share Discussion Threads

Showing 41076 to 41095 of 48700 messages
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DateSubjectAuthorDiscuss
12/11/2023
16:50
The management don't owe anyone anything but I believe they know the potential going forward and the value a green listing means and obviously want to protect there own holding.
hotorcold
12/11/2023
16:23
Paul, lets hope they do something to resolve the loan notes without any dilution.
After the huge share price collapse, Ben will feel he owes LT shareholders, many in the local area, friends of friends are well underwater and as you can see he is standing by to see them looked after on the recovery.
At the very least, they will be allowed to participate if share count is increased.
Those of us who spotted this at 3p, now see the current valuation as too cheap,the big boys will be watching events closely, and the upcoming results may prove the catalyst for corporate moves.

chutes01
12/11/2023
13:23
Hi chutes01,

Well they've got several options with the convertible loan. It's only £1.5m, so one option would be to pay it back from cash in future, if more contracts roll in with up-front payments. OK that's possibly being optimistic, but it might be an option.

The other option would be to convert into equity alongside an open offer, which is what they indicated was the intention in the original conv loan announcement.

I think that works out at £1.8m new shares for mgt (59% existing share) to convert the £1.5m loan (with 20% uplift), and £1.04m for everyone else in an open offer (41% of existing shares).

This would only raise maybe £0.8m in fresh cash for the company, assuming c.£0.24m costs for an open offer), which hardly seems worth doing.

I'd rather see Plexus do a deal with SLB, with them taking a strategic stake in Plexus, say £10m cash injection for 10% of new equity would be nice?!

The other option might be asset financing for enlarging Plexus's newly resumed rental fleet.

I'm sure management are all over everything, they're highly experienced industry stalwarts after all.

What reassures me, is they could have taken the company private last year for peanuts. Think about the market cap bottoming out at a ridiculous £2m, and mgt owning 59%, so they could have announced a delisting, then bought out the small shareholders for hardly anything. Instead they proved their commitment to being a listed company, and to treating us small shareholders fairly, by maintaining the listing (which brings great advantages when dealing with large global customers).

Hence why I'm not worried about delisting risk, which is normally a major worry at nanocaps where mgt hold a controlling stake.

Can't wait to read the FY 6/2023 results due out soon, and in particular outlook.

I also like that the upbeat commentary from last year's accounts has actually translated into contract wins, with the £5m, enlarged to £8m contract obviously the stand-out one. Imagine if that turns from a one-off into a reference contract for negotiations on bigger deals with multiple parties? It's possible, that's all I'm saying.
It feels like Plexus is coming alive again, after a long hiatus, with powerful industry/environmental tailwinds now to hopefully drive uptake of its proven technology.

P.S. Thanks for your kind remarks above, bloomberg2 :-)

paulypilot
12/11/2023
12:48
Me too!! He's experienced huge gains and almost near wipe out on leveraged trading positions in the past !! His weekly Podcasts are a must listen too!! I binned SCE last Friday after listening to his red flag alert !! Obviously used funds for more POS at 15.75 ...
bloomberg2
12/11/2023
12:39
dilution may be announced at results week after next, loan notes need converted with 20% reduction as you said, and all investors will be given opp to participate, this will swell offers to a degree
At least its being done at these levels, rather than single digits.
We can only see a continuing stream of contract news over the medium term.

chutes01
12/11/2023
12:29
Thanks Hotorcold, I agree. The SLB relationship is exciting, potentially. I don't want people to think that I'm just mindlessly ramping Plexus in my podcasts, it's more that I'm doing ongoing research when not writing the daily Stocko reports, and I keep finding interesting snippets, hence updates most weekends.

Results for FY 6/2023 should be out soon, with Cavendish forecast (dated 27 March 2023) being revenue £1.6m, and EBITDA -£2.9m, with PBT of -£4.5m. Poor figures because the whopper £8m rental contract doesn't kick in until the new financial year FY 6/2024. Hence just above breakeven forecast for this year.

All eyes will be on the commentary I think, that's what I'm going to focus on, particularly we need an idea on timing, and size of the SLB royalties, even if it's only estimates.

To my mind, there's no way the CEO would have loaned Plexus £2.2m of his own money over the last year, unless he's very confident about the future. It's also saved us from any dilution (so far). I don't mind a bit of dilution in future, if it's say from a market cap of £50m+, and on the back of positive newsflow & figures, for building rental inventory, rather than cash burn (which should have stopped now the £8m contract has kicked in).

paulypilot
12/11/2023
11:15
surely thats AV'333
elpirata
12/11/2023
11:09
Great to listen to Paul's podcast again and although I enjoy him talking positive on Plexus I actually enjoy his views on the economy, business and employment, etc. He mentioned SLB and I really believe this will be bigger than people imagine. SLB are the leaders in reducing emissions and they've collaborated lots of tech and built a whole suite of products for this new net zero future. In my opinion I see SLB using our tech globally in all new drilling and replacement wellheads and I would not be surprised to see a similar contract for Plug and abandonment.
hotorcold
12/11/2023
11:01
BOL!

Zelensky Cancels Elections To Focus On Fighting For Democracy

elpirata
12/11/2023
10:49
good morni;ng itinerants

?

elpirata
12/11/2023
09:11
I note that Grant Schapps now has a comb over that would embarrass Donald Trump.
james japp
12/11/2023
08:57
Thanks, James. You know I love him, but I'm reaching the end of my tether with him.

Too much rona inquiry, x and arguing about shares, I fear.

avatar333
12/11/2023
08:45
Good morning, eagle52.
avatar333
12/11/2023
08:37
God save UK
eagle52
12/11/2023
08:37
10128

Lucius Quinctius Cincinnatus, obviously, please, James.

avatar333
11/11/2023
23:24
Quintus Fabius Maximus Cunctator
grahamite2
11/11/2023
23:20
We’ll have a new gaffe on Monday, don’t fret Dom.

Give me a little while to sort it out, there must be at least 7 e-mails to respond to first.

Any preferred Romans to lead the header welcome?

james japp
11/11/2023
22:31
Glad I am not going to be 'in' early tomorrow morning. He's not going to be happy. Spamming off the 10k before he can get back.... no new home. All a pretty disgraceful business.
dominiccummings
11/11/2023
17:24
Any trolley dollies Gra?
teh hampster
11/11/2023
14:23
I dreamed I was flying on Concorde and they had a full selection of Madeira.
grahamite2
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