Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPlexus Share News (POS)

Share Price Information for Plexus (POS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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 -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

----------

AIM - WINNERS

----------

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.

----------

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.

----------

AIM - LOSERS

----------

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.

----------

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
24 Sep 2019 16:01

Plexus technology enters service with Gazprom

(Sharecast News) - Oil and gas engineering services business Plexus Holdings announced on Tuesday that its Russian licensee Gusar has successfully installed the first wellhead for Gazprom as part of the previously-announced contract to supply 'POS-GRIP' rental wellhead gas exploration equipment to the Russia-based energy giant.

Read more
24 Sep 2019 13:59

Plexus Installs First POS-GRIP Jack-Up Wellhead For Russia's Gazprom

Plexus Installs First POS-GRIP Jack-Up Wellhead For Russia's Gazprom

Read more
3 Jun 2019 12:45

Plexus Partners With BEL Valves To Supply Flow Control Equipment

LONDON (Alliance News) - Plexus Holdings PLC on Monday announced the establishment of Plexus Pressure Control Ltd, a majority owned joint venture with BEL Valves Ltd, which will exclusively supply

Read more
3 Jun 2019 12:11

Plexus forms JV for xmas tree and wellhead supply

(Sharecast News) - Plexus Holdings on Monday formed Plexus Pressure Control Limited (PPC), a majority-owned joint venture formed with British Engines Group subsidiary BEL Valves Limited, to supply surface production xmas tree valve assemblies and wellhead annulus outlet valves.

Read more
28 Mar 2019 11:40

Plexus Holdings Interim Loss Narrows As It Ceases Jack-Up Business

LONDON (Alliance News) - Plexus Holdings PLC on Thursday said its pretax loss narrowed in the first half of the current financial year due to a change in focus to wellhead equipment AIM-listed for

Read more
13 Mar 2019 14:42

Plexus Declares Interim Dividend; Plans Premium Account Cancellation

LONDON (Alliance News) - Plexus Holdings PLC on Wednesday declared an interim dividend of GBP1.0 million in total, equivalent to 0.99566 pence per share, following the sale of a business to FMC in

Read more
4 Mar 2019 10:05

Plexus Holdings Russian Licensee Signs Equipment Contract With Gazprom

LONDON (Alliance News) - Shares in Plexus Holdings PLC spiked Monday after the oil and gas engineering services company said its Russian licensing partner secured an exploration wellhead equipment

Read more
4 Mar 2019 09:34

Plexus local supplier wins contract with Gazprom

(Sharecast News) - Oil and gas engineering services business Plexus Holdings announced on Monday that its Russian licensee, LLC Gusar, has secured its first major contract to supply 'POS-GRIP' rental wellhead gas exploration equipment to Russian energy giant Gazprom.

Read more
18 Feb 2019 09:44

Plexus Holdings Annual Earnings To Fall On Lower Margins, Higher Costs

LONDON (Alliance News) - Plexus Holdings PLC on Monday said annual revenue is "broadly in line with expectations", however, lower margins and higher overheads will hurt in the jack-up at

Read more
18 Feb 2019 09:37

Plexus margins squeezed by increased investment

(Sharecast News) - Oil and gas engineering services business Plexus will fall short of earnings expectations in its current trading year as a result of an increased investment into its POS-Grip wellhead sealing technology.

Read more
17 Dec 2018 09:26

Plexus coughs up £0.74m for minority share in KMS

(Sharecast News) - Oil and gas engineering services business Plexus Holdings has made an investment of £0.74m to acquire a 49% interest in independent precision engineering business KMS, it announced on Monday.

Read more
27 Sep 2018 14:30

Plexus product gets Russian deployment via licensee Gusar

(Sharecast News) - Oil and gas engineering services business Plexus Holdings announced on Thursday that its Russian licensee, Gusevsky Valves Plant (Gusar), has entered into an initial agreement to supply Gazprom with two sets of its 'Tersus TRT Mudline Suspension System' (MLS) products for the construction of shallow water exploration gas wells on the Kara Sea Shelf in 2019.

Read more
27 Sep 2018 10:37

Plexus Holdings Licensee Wins Equipment Supply Agreement With Gazprom

LONDON (Alliance News) - Oil & gas engineering services company Plexus Holdings PLC on Thursday said its licensee has been contracted to supply two sets of its Tersus - TRT Mudline Suspension

Read more
8 Aug 2018 10:48

Plexus Holdings nails down second POS-SET connector order

(Sharecast News) - Plexus Holdings on Wednesday secured a purchase order to supply and rent its POS-GRIP enabled POS-SET Connector technology for well abandonment operations in the North Sea.

Read more
2 Feb 2017 10:23

Plexus Holdings Extends Brunei Shell Contract By Two Years

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.