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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.

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14 Jul 2015 09:37

Plexus Holdings wins Malaysia manufacturing licence

(ShareCast News) - UK-based Plexus Holdings has received the green light to manufacture and supply its POS-GRIP wellhead equipment in Malaysia. The AIM-listed group, which is engaged in marketing its safer method of engineering for oil and gas field wellheads and connectors, said its Plexus Products

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14 Jul 2015 07:26

Plexus Holdings Secures Licence To Supply POS-GRIP In Malaysia

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6 Jul 2015 07:30

Plexus Signs Collaboration Deal With Three Partners For Chinese Market

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2 Jul 2015 08:56

Plexus inks agreement with major Chinese player

Oil and gas engineering firm Plexus has finalised a licence agreement with Shenzhen stock exchange listed Yantai Jereh Oilfield Services Group, the company said on Thursday. Plexus said the contract with Yantai Jereh, which gave it an exclusive licence in China, was a milestone for the company. The

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2 Jul 2015 07:48

Plexus Signs Licensing Deal With Yantai Jereh, Issues Shares (ALLISS)

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26 Jun 2015 12:25

Plexus Holdings subsidiary sells non-core holding to KSW Engingeering

Plexus Holdings announced that its Afrotel Corp subsidiary has sold its sole asset, a 25% holdings in KSW Engineering, a manufacturer and engineer of oil and gas equipment. The oil and gas services company said the sale of the non-core holding will raise £1.5m, which will fund its expansion strategy

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26 Jun 2015 06:54

Plexus Subsidiary Offloads Non-Core Holding For GBP1.5 Million

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22 Jun 2015 09:08

Plexus To Launch Python Subsea Wellhead At SPE Offshore Europe

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15 Jun 2015 08:12

Plexus Holdings wins £3.3m contract with Total

Oil and gas engineering group Plexus Holdings has secured a £3.3m deal with oil group Total E&P Norge. Under the deal, the London-listed company will supply its POS-GRIP wellhead systems, equipment and mudline services for Total's Solaris gas exploration well in the Graben area of the North Sea, off

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15 Jun 2015 07:43

Plexus Holdings In GBP3.3 Million Wellhead Supply Contract With Total

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8 May 2015 06:45

Plexus Holdings Wins GBP1.25 Million Order From Maersk Oil

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6 May 2015 07:40

Plexus Wins POS-GRIP Order From Premier Oil Subsidiary

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22 Apr 2015 05:12

Dividends Calendar - Week Ahead

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21 Apr 2015 14:55

Dividends Calendar - Week Ahead

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21 Apr 2015 05:10

Dividends Calendar - Week Ahead

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