Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen 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: 17.25
Bid: 17.00
Ask: 17.50
Change: -0.50 (-2.82%)
Spread: 0.50 (2.941%)
Open: 17.75
High: 18.20
Low: 17.25
Prev. Close: 17.75
POS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Plexus Holdings nails down second POS-SET connector order

Wed, 08th Aug 2018 10:48

(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.The oil and gas engineering services business will make the technology available to Oceaneering A/S, Norway for the 10-day abandonment project which will involve using the POS-Grip enabled POS-SET technology to re-connect to a temporarily abandoned well.The technology is designed to support oil field tubing with an externally activated radial friction grip.Plexus chief executive Ben Van Bilderbeek said: "Following the sale of our Jack-Up exploration business to tier one service provider TechnipFMC, this second order for our POS-SET Connector from Oceaneering, which follows on from the first Centrica order, provides a timely reminder that we have a suite of POS-GRIP-enabled products ready for market."Plexus sold its jack-up business, which was concerned with wellhead exploration equipment and services business for jack-up applications, in February for an initial cash consideration of £14.2m.The AIM traded company's board believes that the abandonment market has significant growth potential as a large number of ageing wells reach the end of their lives, potentially providing the company with many further opportunities to provide its POS-SET technology.Van Bilderbeek said the firm's plan for the immediate future is to find business by raising standards across the energy industry through the rolling out of its licensing model.Plexus Holdings' shares were up 3.09% at 50.00p at 1049 BST.
More News
18 Mar 2024 13:58

Plexus boosts revenue and swings to profit in "critical" first half

(Alliance News) - Plexus Holdings PLC shares jumped on Monday following interim results which the firm said "demonstrate [its] key progress...during the period".

Read more
18 Mar 2024 12:36

Plexus swings to profit in robust first half

(Sharecast News) - Oil and gas engineering service provider Plexus Holdings reported a surge in sales revenue in its interim results on Monday, to £5.9m, compared to £0.71m a year ago.

Read more
26 Feb 2024 11:41

IN BRIEF: Plexus develops replacement tubing hanger neck seal

Plexus Holdings PLC - Aberdeen-based oil gas engineering services business - Says it has developed a replacement tubing hanger neck seal for workover applications and to upgrade and extend the field life of existing surface production wellheads. Chief Executive Officer Ben Van Bilderbeek says: "Importantly, this new bespoke solution allows permanent upgrades to be carried out as part of planned "workover" activities for existing wells, without having to remove tubing hangers.

Read more
16 Feb 2024 12:07

LONDON MARKET MIDDAY: Stocks up as UK retail sales soften GDP jitters

(Alliance News) - Stock prices in London were up strongly at midday on Friday, buoyed by UK retail sales data that came in far better than expected and soothed worries about the economy after numbers on Thursday showed it entered recession last year.

Read more
16 Feb 2024 11:14

Plexus shares soar on GBP1 million plug and abandonment North Sea deal

(Alliance News) - Plexus Holdings PLC on Friday said it has won a deal worth GBP1 million to provide services for multiple plug and abandonment activities in the North Sea.

Read more
16 Feb 2024 10:25

AIM WINNERS & LOSERS: Plexus wins deal; Audioboom hails record month

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

Read more
16 Feb 2024 09:00

Plexus wins North Sea plug and abandonment contract

(Sharecast News) - Oil and gas engineering services business Plexus has won a contract valued in excess of £1.0m to provide specialised equipment and services for multiple plug and abandonment activities in the North Sea.

Read more
16 Feb 2024 07:49

LONDON BRIEFING: NatWest beats on profit and confirms Thwaite as CEO

(Alliance News) - Stocks in London are called to open higher on Friday, after a morale-boosting UK retail sales reading, while NatWest kicked off London's banking earnings season with a profit beat.

Read more
2 Feb 2024 14:28

IN BRIEF: Plexus Holdings agrees to redeem loan notes

Plexus Holdings PLC - Aberdeen-based oil and gas engineering services business - Says issue of 1.6 million loan notes to each of OFM Investments Ltd, an entity connected to Chief Executive Ben van Bilderbeek's family, and to Jeff Thrall, non-executive director, provided company with additional working capital as it seeks to capitalise on the increasing pipeline of opportunities within its markets. Plexus says following discussions with noteholders, agrees to redeem loan notes with an aggregate value of GBP849,992.

Read more
31 Jan 2024 16:18

Plexus Holdings repays chunk of 2022 loan notes

(Sharecast News) - Oil and gas engineering service company Plexus Holdings updated the market on the 1,550,000 convertible loan notes issued in October 2022 on Wednesday, having repaid a large portion of them.

Read more
24 Jan 2024 19:05

TRADING UPDATES: Diversified Energy criticises "opportunistic" report

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

Read more
2 Jan 2024 16:58

LONDON MARKET CLOSE: Stocks down amid disappointing manufacturing data

(Alliance News) - Stock prices in London closed lower on Tuesday, after the year was started with some disappointing data about the UK and US manufacturing sectors.

Read more
2 Jan 2024 15:44

Plexus inks new agreement with Schlumberger

(Sharecast News) - Oil and gas engineering services company Plexus announced an agreement with Schlumberger (SLB) on Tuesday, superseding a prior surface production wellhead licence and replacing it with a broader arrangement.

Read more
2 Jan 2024 11:13

Plexus shares drop on USD5.2 million IP licence agreement with SLB

(Alliance News) - Plexus Holdings PLC shares fell on Tuesday, after it said it has signed a new USD5.2 million intellectual property licence agreement with Schlumberger NV, SLB.

Read more
2 Jan 2024 10:05

AIM WINNERS & LOSERS: LungLife AI soars on test; Plexus falls on deal

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

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.