The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust 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: 15.50
Bid: 15.00
Ask: 16.00
Change: 0.00 (0.00%)
Spread: 1.00 (6.667%)
Open: 0.00
High: 0.00
Low: 0.00
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

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
10 Jun 2013 09:05

Plexus signs contract to supply wellhead system to DetNor

AIM-listed hydrocarbon engineering services business Plexus has signed a new contract for two wells with oil and gas companyDet Norske Oljeselskap ASA (DetNor), an update issued by the company has shown. The deal will see Plexus supply its POS-GRIP High Pressure High Temperature wellhead system for

Read more
23 May 2013 14:58

Plexus Holdings secures additional 1.0m-pound well order

Plexus Holdings, the AIM-listed oil and gas engineering services business, has received a purchase order worth approximately 1.0m pounds from oil and gas company Gaz de France Suez E&P UK (GDF) to supply its POS-GRIP High Pressure High Temperature wellhead system for exploration activities in the UK

Read more
1 Feb 2013 11:17

Plexus Holdings founder named Entrepreneur of the Year

The Chief Executive Officer and founder of oil and gas engineering group Plexus Holdings was awarded Entrepreneur of the Year at the 2013 Grant Thornton Quoted Company Awards, the company announced Friday. Ben Van Bilderbeek picked up the prize this week at the Natural History Museum in London. "I

Read more
6 Dec 2012 16:23

Departing Xstrata CFO sells hefty chunk of shares post-exercise

Trevor Reid, the soon-to-depart Chief Financial Officer of mining group Xstrata, has traded in 1.44m shares after deciding not to take up the equivalent of his current position at the enlarged company following the merger with Glencore International. Reid, who sold the shares post-exercise, dispos

Read more
22 Nov 2012 16:17

Diageo CEO reduces stake further

The Chief Executive Officer of Diageo, the FTSE 100 drinks giant, has sold another slice of his stake in the company, reducing his holding to 729,582 shares. Paul Walsh, who was appointed to the role of CEO in 2000, traded in 20,000 shares for 1,850.00p each, worth a total of £370,000. The trans

Read more
22 Oct 2012 10:43

Plexus spurts upwards on two million pound contract win

Plexus, the Aim-listed oil and gas engineering services business, rose following news that it has secured a two million pound contract to supply its well-head equipment to Lundin Norway, a Norwegian oil and gas operator. The equipment supplied will be its high pressure high temperature (HPHT) pos-g

Read more
16 Oct 2012 09:42

Plexus hikes dividend

Plexus Holdings, an oil and gas engineering services business, said it was hiking its dividend after reporting record results for the year. The firm is pushing its final dividend up 16.3% to 0.5p per share. Revenues came in at £19.71m for the year to the end of June, up 27.8% on 2011. The firm sa

Read more
11 Oct 2012 09:50

Contract wins round-up: LO-Q, Motive TV, Plexus ...

Lo-Q has announced its second contract win of the week, as an unnamed major US theme park operator has signed up to use the firm's virtual queueing system at two sites in the US. Revenue associated with the agreement is expected to scale gradually, over time. In addition, the deal grants that Lo-Q's

Read more
9 Oct 2012 09:59

Plexus Holdings to smash market expectations

Trading at Plexus Holdings, an AIM quoted oil and gas engineering services business, has exceeded management's expectations, with full year earnings in the 12 months ended June 30th now expected to be ahead of market expectations. The firm said post-tax profits and earnings per share are expected

Read more
8 Oct 2012 09:33

Contracts round-up: Wincanton, Plexus, Sportech ...

Logistics firm Wincanton has been awarded a multi-million pound five-year contract by supermarket group Morrisons to operate its first ever dedicated UK convenience distribution centre in London. The contract is for combined warehouse and transport operations, supported by Wincanton's system platfor

Read more
1 Oct 2012 10:00

Plexus wins four-year contract with Brunei Shell Petroleum

Plexus Holdings, the oil and gas engineering services business, has won a four-year contract to supply equipment to Brunei Shell Petroleum. The value of the initial contract is estimated to be worth approximately two million pounds over the next 18 months, dependent on the number of wells drilled.

Read more
26 Jun 2012 10:42

Plexus wins relief well contract

Plexus said it had secured a multi-million pound contract with an unnamed oil and gas major to supply relief support in the North Sea. The firm estimates that the agreement, which is subject to finalisation of contract terms, is likely to be worth in excess of £6m with revenues starting in July 201

Read more
19 Jun 2012 14:02

Plexus adds two new partners to project

Plexus Holdings has bagged a couple of big names in the oil business to help on its project to develop and commercialise a new and safer sub-sea well-head in response to the Macondo tragedy in the Gulf of Mexico. The AIM quoted oil and gas engineering services business, announced that Eni, an Itali

Read more
4 May 2012 11:51

Small caps round-up: Brainspark, Sky High, Plexus

Sky High, a data collection and analysis group, has been awarded a three year framework agreement by Transport Scotland. The agreement, for an undisclosed sum, is for the collection and collation of a range of transport and land use data. Sky High has partnered IBI Group for the contract, although S

Read more
16 Apr 2012 10:36

Plexus picks up million pound contract

Plexus Holdings (POS), the oil and gas engineering services firm, has secured a contract potentially worth over one million pounds to provide wellhead systems and services to exploration firm Bowleven (BLVN). The firm said the equipment would be used for appraisal activities on two wells, both loca

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.