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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 | 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 |
Date | Subject | Author | Discuss |
---|---|---|---|
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/environment 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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