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% 21.50 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
21.00 22.00 21.50 21.50 21.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil Equipment Services & Distribution 3.61 -3.71 -3.21 22
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 21.50 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 21.50p.
Plexus Holdings Plc has a 4 week average price of 17.75p and a 12 week average price of 8.50p.
The 1 year high share price is 35.50p 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 13,785 shares. The market capitalisation of Plexus Holdings Plc is £21,593,684.96.
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)?
avatar333: 5128 grahamite2 - 11 Nov 2020 - 09:32:28 - 5082 of 5129 Get back to work you lazy POS! - POS And bad as Boris might be...the Daily Telegraph is saying the Conservative Party would offer the top job to the Chancellor tomorrow if they could.
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.
avatar333: This saga with the check is now into its sixth month, gra'. I hope the intended recipient wasn't desperate for the money! grahamite2 - 26 May 2020 - 09:44:58 - 833 of 10009 The POS lowdown to the lockdown - POS I have to post a letter to Louisville, Kentucky today.
tom barnaby: 3137 Quite. Tom Barnaby - 07 Oct 2020 - 14:32:27 - 2399 of 3140 Get back to work you lazy POS! - POS Furthermore, the constant tinkering with rules and the unending circle of unexpected consequences which lead to further tinkering and yet more unexpected consequences surely has to stop? Can they not see how bad this all looks?
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.
tom barnaby: Dunderheed - 23 Jul 2020 - 11:31:25 - 4252 of 4254 CAIRN - 2010 & BEYOND, GREENLAND, INDIA, etc - CNE Fraz - what do you reckon to them getting out of Senegal for small loss which means they'll get a load of cash back? If they can't get out of Senegal - surely they can for a larger loss - but again getting them needed cash and reduced / less strained balance sheet moving forwards? If they can't get out of Senegal - and no India cash or way of monetising the settlement somehow then they should be valued at less than half current mkt cap. (or share price due to heavily discounted placement?) I don't know which way to go on this but am "mildly" positive as feel they would have to be extremely unlucky for above to crystallise. Best of luck all and imho.
jeffian: This brunch thing is a bit uncanny, AVATAR333. Do you actually set an alarm clock? AVATAR333 - 23 May 2020 - 11:59:18 - 521 of 558 The POS lowdown to the lockdown - POS Lunch! AVATAR333 - 21 May 2020 - 11:59:41 - 283 of 558 The POS lowdown to the lockdown - POS Duly noted. Lunch! AVATAR333 - 20 May 2020 - 11:59:14 - 188 of 558 The POS lowdown to the lockdown - POS Lunch! AVATAR333 - 19 May 2020 - 11:59:05 - 107 of 558 The POS lowdown to the lockdown - POS Lunch and a brief nap time.
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