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New technology developed with a client to reduce leaks and save money. Good news imo.
"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 time and cost saving capabilities, is pleased to announce that it has successfully completed a customer sponsored R&D project to develop a bespoke lifetime leak-proof replacement tubing hanger neck seal assembly ('HG-R'), to upgrade and extend the field life of existing surface production wellheads."
It is liable to bounce for no other reason than this....
It is a very small company with relatively illiquid shares held mostly by the management so when good news arrives even modest amounts of buying can give the market makers a headache. It is also the case that their technology is very good and needed as dozens of North Sea well heads are being plugged and abandoned.
Announced in March 2023 was the 8mil contract, hopefully we see a variation increase soon on that contracted maybe another 1 or 2mill
Fill your boots. 18.80p paid last Friday and 29p couple of months ago without this news.
Buy cheap now. it's going to bounce!
More good news to come in 2024 imo.
As you say though, good for plexus!?
Good news for POS but bad news for the UK plc.
Thanks to Net Zero idiocy and a 75% tax on profits oil and gas companies are plugging North Sea fields and walking away.
What is this?
Anyone check out HE1? nothing to say guys.
Paul Scott has put a comment on ADVFN this morning for anyone interested (paulypilot)
New contract award
https://polaris.brighterir.com/public/plexus/news/rns/story/x58g7lx
Paul doesnt do things by halves! Lets hope he is right about this. Incidentally the website for this company shows what an amazing bit of kit theses well caps are
Thanks oogle - Paul Scott advises similarly, just an analysis of companies rns and reporting. I use him to draw attention for myself of stocks and then look at them myself. Just like he doesn't always see eye to eye with his partner's analysis I am not drawn to some of the companies he reports as "green" ( good value). I just find it an interesting listen at the weekend. I will have a look at Paul Hill - thanks
Mad dog. Vox markets is well worth following. Paul Hill does good interviews with Harwood fund manager Chris Mills and also great interview with Stella Asset management.. mills is an expert stock picker and also sits/advises on a few boards in directorial capacities. Remember they are only analysing companies and disclosing positions. Not advising to buy anything. That’s up to you.. gl
This is a Company with great technology and Paul Scott is worth following on this one.
Hi - I enjoy his podcast on a Saturday - do you guys listen to any other related podcasts
Possibly. He briefly discussed Plexus in his week-end small cap podcast at https://podcasts.apple.com/gb/podcast/episode-6-of-2024-uk-small-caps-with-paul-scott-5-9-feb-2024/id1642339156?i=1000644929811
Listen from 13:42mins although all is worth a listen
Paul Scotty in action ;)
Here we go, here we go!
Another decent contract win could see it jump 20%.
But....how far away is it?
The dodgy director deals are weighing heavy on the market now
They need to be properly compensated
Almost corporate theft
With no further orders a cash raise will be needed after summer
I would just be covering myself with a stop loss - I would assume if the share price collapsed 60 % on no news I would be questioning why the company would not send some form of communication to reassure investors. Anyway I do not want to sound negative hopefully it will not drop to those levels and my investment will be fine. Fingers crossed
Whilst I appreciate your sentiment Maddog I don't understand why you'd sell on no news. We have no news good or bad. That fluctuation would suggest it could should up the otherwise pretty quick too.
Feels like I am missing something - £9k in sells takes another £600k of Market value if drop is to be believed. Will stick for now but if it gets to single digits I will lick my wounds and sell up
I bought in looking at sentiment and fundamentals - we made a £4.2 million loss last year and this year with the Imporved $8 mill contract and the $5.2 mill royalty payment leading to a reduction in debt I thought 14.44 (my buy price) was a good entry. Hoping for a few more contracts and when the next interims arrive a more positive outlook