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Pin to quick picksPlexus Share News (POS)

Share Price Information for Plexus (POS)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 16.50
Bid: 16.00
Ask: 17.00
Change: 1.00 (6.45%)
Spread: 1.00 (6.25%)
Open: 15.50
High: 16.50
Low: 15.50
Prev. Close: 15.50
POS Live PriceLast checked at -

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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
20 Jun 2022 13:41

Plexus gets purchase order from Oceaneering International

(Sharecast News) - Oil and gas engineering service company Plexus Holdings has been awarded a purchase order for plug and abandonment equipment and services from Oceaneering International Services, a division of Oceaneering International, it announced on Monday.

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20 Jun 2022 11:07

AIM WINNERS & LOSERS: Forward Partners goes backwards; Plexus rises

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

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20 Jun 2022 10:18

Plexus shares rise as it secures order with Oceaneering International

(Alliance News) - Plexus Holdings PLC's share price was lifted on Monday, as the engineering services provider announced a new purchase order for Plug & Abandonment equipment and services.

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21 Mar 2022 12:12

TRADING UPDATES: Asimilar to list on AQSE; Spectral MD swings to loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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7 Mar 2022 15:10

Plexus suspends trade with Russian partner Gusar

(Sharecast News) - Oil and gas engineering service provider Plexus updated the market on the effects of Russia's invasion of Ukraine on Monday, confirming the suspension of its licence agreement with Gusar.

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7 Mar 2022 14:54

IN BRIEF: Plexus Holdings suspends deal with Russian licensee partner

Plexus Holdings PLC - West Sussex-based engineering services provider - Decides to suspend agreement with its Russian licensee partner LLC Gusar until further notice. Gusar was able to supply the Russian and Commonwealth of Independent States markets with Plexus' POG-GRIP rental exploration wellhead equipment used from Jack-up rigs under the agreement.

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23 Dec 2021 11:27

Plexus awarded purchase order for wellhead system in North Sea

(Sharecast News) - Oil and gas engineering services company Plexus has been awarded a purchase order for a 'POS-GRIP' surface production wellhead system, it announced on Thursday, for a "leading" unnamed North Sea operator.

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23 Dec 2021 11:18

AIM WINNERS & LOSERS: Libertine and CT Automotive rise on market debut

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23 Dec 2021 11:11

Plexus wins major order for surface production wellhead system

Plexus wins major order for surface production wellhead system

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16 Dec 2021 14:44

Plexus expands licence agreement with Cameron

(Sharecast News) - Oil and gas engineering service provider Plexus announced on Thursday that it has entered into an agreement with Cameron to expand the scope of its existing licence agreement, enabling Cameron to use Plexus' 'POS-GRIP' method of wellhead engineering on conventional and unconventional surface production oil and gas wells.

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13 Dec 2021 16:09

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

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22 Nov 2021 20:19

TRADING UPDATES: Big Yellow boosts payout; Grafenia loss narrows

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9 Aug 2021 17:08

TRADING UPDATES: Netcall wins new deal; Sareum raises GBP1 million

TRADING UPDATES: Netcall wins new deal; Sareum raises GBP1 million

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29 Mar 2021 11:48

IN BRIEF: Plexus loss narrows in first half as revenue rises

IN BRIEF: Plexus loss narrows in first half as revenue rises

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29 Mar 2021 09:30

Plexus losses narrow as its trades in line with forecasts

(Sharecast News) - Oil and gas engineering services company Plexus reported sales revenue from continuing operations of £0.42m in its first half on Monday, rising from £0.05m year-on-year.

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