Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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After such a strong run I had expected a bit of profit taking from day or short term traders this morning but so far so good. As I suggested below there is financial data to support the sp going to at least 12p a share based on book value alone. The ESG side of the oil and gas market altogether more substantial but that is speculative and for 2024 and beyond.
We may see a logjam of contracts announced
Thanks Flava - I'll try and track down the £1m & £2m ones in there then (suprised I missed it!)...
Https://www.plexusplc.com/board-of-directors/
The Board of Directors of Plexus Holdings is a diverse group of experienced professionals with a deep understanding of the oil and gas industry, financial services, and corporate finance. They are well-positioned to guide the company through its next phase of growth and development.
Hey Laura did you see the RNS out today in GRC.....many thanks for this tip too....the credit for finding POS and researching goes to Laura2022....thanks and great to see you up 300 percent on POS...hopefully you get the same on GRC too
Yeah, I bought some last Friday and more this morning, but I can't see any trades appearing on the LSE.
This company appears to be undervalued. It has a strong track record of growth, with revenue and earnings per share increasing by 20% and 30%, respectively, in the last year. It is also well-positioned to benefit from the global energy transition, as it provides innovative technologies that can help oil and gas companies reduce their emissions.
According to some analysts, the stock is trading at a significant discount to its intrinsic value.
Flava are you in?
Https://twitter.com/Share_Talk/status/1696840202831233210?s=20
14p next resistance!
Davey50 i am up 100 percent on this ....thank you
I would rather you do this for once Davey50 because you will only slander my research....when most times it is very good.....i may entertain you later today.....have a good one pal and do some of your own research and let me know what you think
Today i reckon
Hi Source - I have combined the information from the following articles:
https://www.oilfieldtechnology.com/drilling-and-production/07032023/plexus-holdings-plc-announces-contract-for-wellhead-equipment-and-sealing-technology/
https://www.proactiveinvestors.co.uk/companies/news/1008055/plexus-holdings-surges-60-after-securing-5mln-pos-grip-order-1008055.html
https://markets.ft.com/data/announce/full?dockey=1323-15891047-65P2CD7K7BT637NS9377P9J5EE
https://www.insidermedia.com/news/south-east/plexusholdings-buoyed-by-contract-increase
https://www.londonstockexchange.com/news-article/POS/contract-value-increase-from-c-ps5m-to-c-ps8m/16092569
Hi Flava - what is the link for this article please?
Lol the technical analyst that never posts any ever on the forums !
Prove us wrong then Ria and post the moving averages etc etc on POS tonight or before the open in the morning ?
Formerlyeasyp, my charting and technical analysis also agrees with your view pal
I looked at the FT portfolio today and while they are not a great source of up to date info they quoted a "Book Value per Share" of 12.77p. Some here might be ramping or posting over enthusiastic messages of "onward and upwards" but ....there is case based on orders and financial data for saying that we should be north 12p so room for further rises imo.
Up 9 percent expect we may break 10.00 this week
Ben van Bilderbeek Plexus' CEO said "I believe that a combination of our developing remedial and decommissioning capabilities, our Python® subsea wellhead products, and the rental and sale of Plexus exploration and production wellhead systems, places Plexus in a good position to capitalise on a growing range of opportunities as indicated in our recent AGM Statement of the 23 December 2022. I was also particularly encouraged by a "Research and Markets" January 2023 report on the global wellhead equipment market that projects a compound annual growth rate of circa 9.3%, resulting in a doubling of market size between now and 2030 to, circa $11.8 billion."
Plexus Holdings plc has a number of contracts in place, including:
A contract with an unnamed customer for the supply of POS-GRIP "HG" wellhead equipment and sealing technology on a rental basis for a specialised project application including leak proof metal to metal "HG®? seals in a subsea environment. The value of this contract is £8 million.
A contract with a North Sea operator for the supply of POS-GRIP wellhead equipment and sealing technology for a decommissioning project. The value of this contract is £2 million.
A contract with a South East Asia operator for the supply of POS-GRIP wellhead equipment and sealing technology for a new drilling project. The value of this contract is £1 million.
In addition to these contracts, Plexus Holdings plc is also pursuing a number of other opportunities, including contracts in the geothermal, oil sands, and unconventional gas markets.
The company's contracts are typically awarded on a competitive basis. Plexus Holdings plc competes with other wellhead engineering companies, as well as oil and gas operators that have in-house wellhead engineering capabilities.
The company's contracts are typically awarded for a period of one to three years.
The 21k sellers have been cleared. Let's watch the price climb up!
30-Aug-23 08:54:29 9.00 239,530 Unknown* 8.75 9.25 21.56k
They have a wellhead product which makes leaks less of a problem so environmentally they should sell more, that is an abstract number dictated on oil and gas investments. Hopefully the growth in sales is a steady upward slope.
Hello Flava and Castle
I have no particular target but I have taken a small amount off so that u can add to a A.I biotech oncology investment I have
Large buys are hidden. It looks like someone is loading up heavily under 10p.
Only the start Laura
The market got lost here
Stand by and watch closely
Laura, what's your target SP?
Now up nearly 300% from the purchases made early 2023
Rather than bicker over whether this share is a pump & dump why not post a number what you believe is the Net Asset Value per share?
Consider how much debt? Profit and loss numbers for 2023? Staff numbers? Cost of sales? Capital expenditure etc?
The financial numbers should steer you towards a sensible share price from here.