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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
Bid: 15.00
Ask: 16.00
Change: 0.00 (0.00%)
Spread: 1.00 (6.667%)
Open: 0.00
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Prev. Close: 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.

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2 Feb 2017 08:55

Plexus wins two-year contract extension from Brunei Shell Petroleum

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5 Jan 2017 09:02

Plexus Holdings wins second order from Masirah Oil

(ShareCast News) - Oil and gas engineering services business Plexus Holdings announced on Thursday it had been awarded an order for a second well from Masirah Oil, a British Virgin Islands-based company majority owned by leading technology driven oil and gas company REX International Holdings. The A

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31 Oct 2016 09:28

Plexus Holdings slips into losses but confident of oil rebound

(ShareCast News) - AIM-listed Plexus Holdings' revenue decreased due to the drop in oil prices and the reduction in the oil and gas engineer's drilling activities. The sharp fall in oil industry exploration activity following the slump in oil prices has seen the North Sea UK continental shelf especi

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13 Jun 2016 16:20

Plexus raises £6m to help it through downturn

(ShareCast News) - Oil and gas engineering services business Plexus Holdings announced on Monday it has agreed the terms of a conditional placing to raise £6m before expenses, by way of a placing of 9,230,770 new ordinary shares at a price of 65p each to new and existing investors. The AIM-traded fi

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13 Jun 2016 07:45

Plexus Raises GBP6 Million As It Looks To Replicate North Sea Success (ALLISS)

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4 May 2016 07:24

Plexus Wins GBP600,000 Contract From Existing Customer Offshore Norway

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26 Apr 2016 09:05

Plexus Raises Funds From Partner To Boost Russian Expansion (ALLISS)

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30 Mar 2016 10:05

Plexus Interim Loss Widens As Oil And Gas Downturn Tightens Its Grip

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1 Mar 2016 09:15

Plexus Secures New Order From Existing Customer Offshore Norway

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2 Feb 2016 09:59

Plexus Holdings Secures First Purchase Order For Asia Joint Venture

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26 Jan 2016 10:25

WINNERS & LOSERS SUMMARY: Marston's Merry Christmas Boosts Pub Stocks

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26 Jan 2016 10:18

Plexus plummets again despite Russian licensing deals

(ShareCast News) - Shares in Plexus Holdings followed their sizeable fall on Monday with a further 20% decline on Tuesday morning, despite announcing it will license-out its technology to two Russian oil drilling equipment manufacturers. In what is said was a "significant strategic milestone", Plexu

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26 Jan 2016 10:01

Plexus Signs Licensing Deal For Russian Market With Two Oil Firms

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25 Jan 2016 12:26

UPDATE: Plexus Issues Profit Warning As Revenue Is Set To Halve

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