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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: 15.50
Bid: 15.00
Ask: 16.00
Change: 0.00 (0.00%)
Spread: 1.00 (6.667%)
Open: 15.50
High: 15.50
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.

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Plexus enters licensing deal with Schlumberger's Cameron

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26 Feb 2020 15:27

Plexis Holdings gets another order from Russian licensee

(Sharecast News) - Oil and gas engineering services company Plexus Holdings announced on Wednesday that its Russian licensee, Gusar, has placed an order for an additional set of 'POS-GRIP' exploration rental jack-up drilling wellhead equipment.

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Plexus Sells POS-GRIP Wellhead Equipment To Russian Licensee Gusar

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5 Dec 2019 08:15

Plexus warns on revenues

(Sharecast News) - Engineering services group Plexus told investors at its annual general meeting on Thursday that its full-year revenues looked set to slide - erasing much of the goodwill garnered from a ten-fold increase in revenues during the prior year.

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22 Nov 2019 10:54

Plexus technology triumphs in extreme temperature test

(Sharecast News) - Plexus on Friday announced that its POS-GRIP "HG" sealing system has successfully completed an extreme temperature test verification programme from -75 to +400 °F.

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Plexus Narrows Loss On Revenue Surge As POS-GRIP Gathers Pace

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