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
  0.00 0.0% 17.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
17.00 18.00 17.50 17.50 17.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 0.53 -5.05 -6.39 18
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 17.50 GBX

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Plexus Daily Update: Plexus Holdings Plc is listed in the Oil Equipment Services & Distribution sector of the London Stock Exchange with ticker POS. The last closing price for Plexus was 17.50p.
Plexus Holdings Plc has a 4 week average price of 16.80p and a 12 week average price of 16.80p.
The 1 year high share price is 25.50p while the 1 year low share price is currently 8.50p.
There are currently 100,435,744 shares in issue and the average daily traded volume is 15,013 shares. The market capitalisation of Plexus Holdings Plc is £17,576,255.20.
hasago: Why not its normal people who miss out on these booms, spac is gonna go nuts and these 2 cleverly positioned themselves recently to capitalise and then they massacred there own share price so they can get rich off there share growth from here. Screw them i want the money
jeffian: Oh, yes, now this might have been expected...... As I was waiting to go under, a call from Plod - You will remember the saga of my SGC renewal, the Zoom call and discussion about my extremely reasonable alcohol intake (the admission that Mrs J and I share a bottle of wine with our dinner 6 days a week) which I reckoned put me well within safety range. Well, apparently it brings into question my fitness to hold said SGC (which I have had without incident or problem continuously from the age of 12) and I am required to disclose my full medical history and get a letter from my GP on the subject. Apparently, my "alcohol intake is much higher than the recommended amount weekly,in fact this was possibly 3 times as much". FFS?!!! A unit is 125ml, i.e. 3 units each from a bottle of wine x 6 days = 18 units. The streets around here are awash with guns and knives, so glad to see that Plod is diligently pursuing the problem cases.
freddie ferret: Some good posts, thanks. You forgot to mention "London the opposite of North West". Re Charles Schwab I used to do traded options with them. Did not use the account for a long time then lost it with the transfer to Barclays. Incidentally Schwab have an office on the Strand, if it is still open. You really need to get up to speed. "as a result of which we decided to reorganise the business ahead of the potential of this becoming a long-term situation; staff numbers were reduced with a move in the UK to homeworking and the lease for office in Throgmorton Street was not renewed." "Our reorganisation meant we have created a lower-cost platform for us to operate during the COVID-19 pandemic with no loss of operational capability during the lockdowns in either the UK or US. Our lower cost base and continuing subscriptions income has ensured we have long term visibility of the way ahead."
avatar333: I recall reading this, upon returning from my brief absence: jeffian - 18 Dec 2020 - 19:32:27 - 8213 of 10011 Get back to work you lazy POS! - POS #8206, FFS! 108?! I'm surprised the shock of the needle didn't finish her. I can't remember if anyone posted a link to the ever-sensible Swiss - ""Not every death is a catastrophe." With these words Swiss member of parliament Ruth Humbel ignited a debate that had been smouldering in Switzerland ever since the Covid-19 pandemic began back in March." ...... "Do the Swiss think it's OK to die of Covid? No they don't, but they do disagree about how to view the consequences of the pandemic and the restrictions that have accompanied it. ........ The vast majority of people who have died of Covid in Switzerland are over 80. One Swiss doctor told me that "we have forgotten how to die", and argued that offering mechanical ventilation to a very elderly person was inhumane, and unlikely to save their life." Hear bluddy hear.
the stigologist: AGM Statement Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, known for its safety, time and cost saving capabilities, will hold its Annual General Meeting ('AGM') today. The AGM is being held as a closed meeting due to the ongoing COVID-19 pandemic. At the AGM, Graham Stevens, Plexus' Finance Director, will be appointed to act as the Chairman of the meeting and will make the following statement: "Proven disruptive technology. Blue-chip customer base. Exponential market opportunity. Competitors now partners. Supportive market narrative. These five key points would not be out of place in the corporate presentation of a multi-national ground-breaking high-tech company. In our view, they are just at home in the 2020 AGM Statement of Plexus, the Aberdeen-based owner of POS-GRIP, a friction grip method of engineering which has been deployed on over 400 wells around the world and has raised the bar in terms of wellhead performance, safety and reliability, particularly in relation to gas proof sealing performance. "Proven disruptive technology: POS-GRIP delivers true and verifiable leak-proof HG® metal-to-metal seals and generates considerable cost savings for operators due to reduced installation and downtime. How is this disruptive? POS-GRIP involves applying an external force to squeeze a housing until it engages with the components inside (casing or tubing hangers in wellheads), which generates a gripping force that eliminates assembly clearances. This activates the "HG" seals, delivering what is believed to be a lifetime leak-proof metal seal solution. As the process is controlled by hydraulic pressure and occurs within the elastic limits of material, the connection is reversible. Compare POS-GRIP's simple design with rival systems, which typically comprise a far higher number of individual components. The higher the number of components, the higher the chance for seal integrity to be compromised and for individual pieces to succumb to fretting/movement caused by temperature and pressure variations. "Blue-chip customer base: POS-GRIP wellheads have been successfully deployed on hundreds of wells in some of the most challenging operating conditions all around the world by blue-chip operators including Royal Dutch Shell, BP, ENI and Total, many of whom have become long term customers. "Exponential market opportunity: wherever metal to metal sealing is required, POS-GRIP can deliver a leak-proof solution, and our growing suite of POS-GRIP products reflects this. For example, the POS-GRIP "HG" Tubing Spool enhances the integrity of existing wells. Conventional tubing spools are a frequent source of leakage due to having multiple leak paths through tie-down bolts and annular seals which are not adequately qualified. Replacing these with the POS-GRIP tubing spooI not only remediates historic wells but delivers leak-free performance at the "HG" seals for the entire field life, eliminating the requirement for any annual maintenance, which in turn generates substantial savings for operators. POS-GRIP exploration and production wellheads have been proven to deliver superior performance and cost savings many times over out in the field. POS-GRIP applications for the renewable sector, including geothermal and nuclear also offer unique advantages, and work is ongoing to see how we can access such markets. "Competitors now partners: simply owning a technology which is proven to deliver a leak-proof solution and generate significant cost savings for operators is, on its own, not enough to ensure POS-GRIP becomes established as the enabling technology for the energy sector we believe it ought to be. Widespread acceptance by the industry is required not just by operators but also by the large services companies that supply them, as they have the global full-service reach that the larger oil and gas operators increasingly require. Encouragingly, this is beginning to happen. Today, Plexus has agreements in place with two of the top three oil and gas services providers in the world. In November 2020, we signed an important licence agreement with Cameron International Limited ('Cameron'), a Schlumberger group company, the world's leading oilfield services provider. The licence grants Cameron a non-exclusive licence to develop conventional and unconventional oil and gas surface wellheads using our technology. This transaction follows on from the sale of our jack-up exploration wellhead rental business to a division of TechnipFMC ('TFMC') in 2018, where we signed a Collaboration Agreement with TFMC to explore the development of new POS-GRIP enabled applications. Yesterday's competitors we believe can become tomorrow's partners as our proprietary technology begins to gain the recognition that it deserves. "Supportive market narrative: the oil and gas industry has to satisfy growing demand for energy while at the same time playing its part in helping the world become carbon neutral as it moves to the goal of 'net zero'. Natural gas represents the low hanging fruit for operators wishing to cut their carbon footprint due to it being the cleanest fossil fuel in terms of carbon emissions when combusted. As gas exploration and production grows, so too does scrutiny of operations from activists and investors to ensure that all activity is conducted in line with the highest possible standards to safeguard the environment from harmful emissions. At the well site, POS-GRIP delivers the highest possible standards. "The narrative is increasingly being driven by the need for the world to move to net zero carbon emissions to combat climate change. In line with this, the energy sector's carbon footprint needs to be reduced towards net-zero targets. Advanced leak-proof solutions such as POS-GRIP are required throughout the supply chain, all the way from the well site to the consumer. While the ongoing COVID-19 pandemic may continue to impact energy consumption levels and timings into 2021, we are confident that the best days for Plexus' proprietary technology lie ahead. Our confidence is based on the combination of the momentum behind the energy transition, the higher level of scrutiny operators are under to avoid and tackle emissions, and the growing pressure to manage costs in the current volatile oil and gas price environment where margins are under pressure. POS-GRIP delivers on all counts. With a capital-light licensing model, a debt-free balance sheet and a proven track record, Plexus is well placed to succeed for the benefit of all stakeholders in the energy transition."
plexus comment: As has been pointed out on a number. of discussions, Cenkos have not yet published guidance for Plexus Holdings PLC regarding the future impact of the milestone licensing deal with Cameron, a Schlumberger company. Analyst research can take some time to complete and their views will be published in due course. In the meantime the recent RNS is a positive indicator of the nature of the licence agreement and the potential in terms of Plexus’ POS-GRIP technology being marketed by Cameron into the surface oil and gas application sector, where the annual global uptake of wellheads is estimated to run into many tens of thousands of units. In addition this is a first project and the RNS indicates that further product licences may follow in due course. If Cameron manages to get costs in the right place and with SLB warrants integrity for an extended period or even the life of a well, Cameron’s share of the uptake is likely to be significant. In terms of the wiser market as is well understood oil and gas industry project investment levels plummeted in 2020. Rystad recently reported that they were barely a quarter of 2019’s committed spend. However encouragingly, Rystad are reporting that they believe 2022 will be a major turn around where they see spending commitments jumping to almost $200 bn which would exceed pre-pandemic levels as oil and gas companies push ahead with previously postponed projects.
the stigologist: 10 November 2020 Plexus Holdings PLC ('Plexus' or 'the Company') Licence Agreement with Cameron, a Schlumberger Group company Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® 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® 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."
tom barnaby: Found 38 results: PramBigear - 10 May 2020 - 12:01:46 - 13484 of 14103 The olde Knight's old new day job fred - POS By the way. I was only born in The Blakesley. I have nothing else to 'say' about it. jeffian - 10 May 2020 - 10:18:57 - 13467 of 14103 The olde Knight's old new day job fred - POS Mornin'all. It was The Blakesley, Pram. You can't reminisce too often about Brummagem pubs IMHO. PramBigear - 09 May 2020 - 21:54:31 - 13454 of 14103 The olde Knight's old new day job fred - POS The Albion, or The Blakesley? PramBigear - 26 Apr 2019 - 10:54:51 - 3093 of 14103 The olde Knight's old new day job fred - POS The Blakesley Arms pub. Just looked it up on the interweb and it says 'now demolished'. (It should have had a blue plaque there IMO) PramBigear - 14 Mar 2018 - 18:59:25 - 8485 of 10017 The darling duds of May - POS #8479 Did your estate include 'The Albion' (which I was born in) or 'The Blakesley' (where I spent my pre-school years)?
tom barnaby: grahamite2 - 31 Jul 2020 - 19:12:29 - 7404 of 10009 The POS lowdown to the lockdown - POS #7392 I was thinking about this earlier and came to the opposite conclusion. I think this government, in its present full fanatic mode, would have revelled in banning Christmas. jeffian - 31 Jul 2020 - 22:02:33 - 7432 of 10009 The POS lowdown to the lockdown - POS I'm with gra. I don't think they'd blink at cancelling Christmas.
varies: Pugugly I bought only 25,000 shares on the 13th at 9.95p and this has been my only purchase since July 2019 when I bought some at about 40p. So I have not distinguished myself here ! I wanted to buy a few more yesterday but, if I remember rightly, would have had to pay over 13p.I may buy a few more soon. It is indeed a very thin market and, although I do not have a large holding, I would have to take a modest price for my shares if I wanted to sell them. My hope is, of course, that Plexus will receive some big orders soon and that the share price will recover. I have no great confidence that this will happen but believe the odds are in my favour at the current share price. pockstones I am not sure what you mean by "binary win a production wellhead order ...." but agree that the directors have seen a dreadful loss in the value of their shares.
Plexus share price data is direct from the London Stock Exchange
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