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Pin to quick picksPlexus Share News (POS)

Share Price Information for Plexus (POS)

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Share Price: 15.50
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AIM WINNERS & LOSERS: Amur to pay dividends after disposal completion

Mon, 06th Mar 2023 10:48

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Amur Minerals Corp, up 57% at 1.58 pence, 12-month range 0.6p-3.28p. The natural resources explorer completes the USD35 million disposal of 100% of its interest in AO Kun-Manie, to Bering Minerals. Kun-Manie is a wholly-owned subsidiary of Irosta, which is Amur's wholly-owned subsidiary. Will pay out a special dividend of 1.8p within 90 days of receipt of the sale funds. Back in November, Amur said it faced delays to the sale, due to restrictions on transferring funds to Russia. "We are pleased to have achieved the sale of Kun-Manie which will enable the company to move forward in a new direction, which we envision will result in shareholders seeing real value," says CEO Robin Young.

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Plexus Holdings PLC, up 40% at 4p, 12-month range 1.6p-6.2p. The engineering services provider secures an order for its wellhead equipment and sealing technology for a specialised project application. Under the GBP5 million contract, its Pos-Grip HG equipment and technology will be deployed over the next 12 months. About GBP2.5 million will be received via milestone payments in the current financial year ending June 30, with the remainder to be recognised as sales revenue in financial 2024. CEO Been van Bilderbeek says the contract "significantly increases the visibility of [the firm's] future revenue and cash flow projections, and Plexus' reputation as a "can do" surface or subsea equipment solutions provider.

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AIM - LOSERS

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Fusion Antibodies PLC, down 33% at 32p, 12-month range 30p-110p. The antibody developer says revenue and earnings for the year ending March 31 are expected to be "significantly" behind market expectations, with revenue to be no less than GBP2.8 million. This is due to continuing uncertainty over the timing of several anticipated orders, which is outside the firm's control. As Fusion shifts its focus on larger integrated service contracts, it notes "very positively received" discussions with several potential clients.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
18 Dec 2023 19:41

IN BRIEF: Plexus lenders exercise call options on loan agreements

Plexus Holdings PLC - AIM-quoted oil and gas engineering services business headquartered in Aberdeen - Updates with regards to the previously announced loan and option agreements. Alongside the loan agreements, which had a total value of GBP700,000, the company entered into primary and secondary call option agreements with Ben van Bilderbeek and Plexus Property International Ltd.

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8 Dec 2023 13:57

IN BRIEF: Plexus Holdings sells 2.2 million treasury shares

Plexus Holdings PLC - AIM-quoted oil and gas engineering services business headquartered in Aberdeen - Sells 2.2 million treasury shares at an average price of 18.93 pence each, to raise GBP416,554 in gross proceeds.

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29 Nov 2023 11:53

Plexus shares fall as annual loss narrows; eyes return to profit

(Alliance News) - Plexus Holdings PLC on Wednesday reported a fall in annual revenue and a narrowed loss as it expects a return to profit in the new financial year.

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6 Nov 2023 16:59

LONDON MARKET CLOSE: Stocks fail to shine despite dovish sentiment

(Alliance News) - Stock prices in London closed mixed on Monday, whilst US markets opened higher, with investors continuing to digest hopes that interest rates have peaked.

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6 Nov 2023 11:17

Plexus inks rental contract with Neptune Energy

(Sharecast News) - Oil and gas engineering services business Plexus has struck a roughly £175,000 rental contract award with Neptune Energy UK for exact adjustable wellhead and centric mudline suspension equipment.

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6 Nov 2023 10:56

Plexus Holdings hails GBP175,000 contract with Neptune Energy UK

(Alliance News) - Plexus Holdings PLC on Monday said it signed a rental contract as it sees a boost from an increase in the number of wells that need to be permanently abandoned.

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6 Nov 2023 10:24

AIM WINNERS & LOSERS: Strip Tinning and Plexus win deals

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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24 Oct 2023 11:13

Plexus wins Exact and Centric equipment contract for North Sea project

(Alliance News) - Plexus Holdings PLC on Tuesday said it won a contract for 'Exact' adjustable wellhead and 'Centric' mudline systems equipment for a North Sea plug and abandonment project secured through its licensor Schlumberger NV.

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23 Oct 2023 18:42

IN BRIEF: Plexus raises GBP549,230 from sale of Treasury shares

Plexus Holdings PLC - West Sussex-based engineering services provider - Sells around 2.8 million Treasury shares at an average price of 19.97 pence each to raise GBP549,230. Says the funds raised will provide additional working capital as it seeks to capitalise on its growing pipeline of opportunities and potential orders. Following this sale, the company has around 103 million ordinary shares in issue, with 2.2 million shares held in Treasury.

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6 Oct 2023 13:25

Plexus upbeat on North Sea plug and abandonment success

(Sharecast News) - Engineering services firm Plexus Holdings announced the successful completion of its plug and abandonment (P&A) equipment and services campaign for Oceaneering International on Friday.

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6 Oct 2023 12:05

IN BRIEF: Plexus completes plug & abandonment campaign for Oceaneering

Plexus Holdings PLC - West Sussex-based engineering services provider - Completes plug and abandonment equipment and services campaign for Oceaneering International Inc's division, Oceaneering International Services Ltd. Says order from Oceaneering included tieback and subsea well control equipment, as well as hydraulic controls and services in a configuration designed for vessel-based deployment and work. Adds order generated GBP850,000 in revenue for Plexus in financial 2023.

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18 Sep 2023 17:02

IN BRIEF: Plexus strikes loan agreements worth GBP700,000

Plexus Holdings PLC - West Sussex-based engineering services provider - Enters loan agreements worth total GBP700,000. Explains proceeds will be used to provide additional working capital as it seeks to capitalise on a growing pipeline of opportunities and potential orders. Agrees GBP200,000 loan with Ben van Bilderbeek, chief executive, and a GBP500,000 loan with Plexus Property International Ltd, a company owned and controlled by OFM Ltd, a company in turn controlled by the van Bilderbeek family and related trusts. Notes the loans accrue interest at a rate of 8% per annum and the balance, plus any interest accrued, is repayable after 12 months.

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22 Aug 2023 16:56

LONDON MARKET CLOSE: FTSE 100 snaps seven day losing streak

(Alliance News) - Stocks in London were higher at the close on Tuesday as markets celebrated better-than-expected public sector borrowing figures in the UK, and hoped that Chancellor Jeremy Hunt may have enough firepower in government coffers to enact some pre-election tax cuts.

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22 Aug 2023 13:22

Plexus shares jump on expansion of major contract

(Sharecast News) - Oil and gas engineering services company Plexus Holdings announced a significant rise in the value of a major contract on Tuesday.

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22 Aug 2023 13:22

Plexus shares jump on expansion of major contract

(Sharecast News) - Oil and gas engineering services company Plexus Holdings announced a significant rise in the value of a major contract on Tuesday.

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