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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%)
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Prev. Close: 15.50
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Plexus interims promising as contract momentum builds

Thu, 27th Mar 2014 11:59

Encouraging first-half results from sub-sea oil drilling technology innovator Plexus saw a double-digit rise in profits as it diversified its contract base outside the UK's waters. Plexus, which was also buoyed by news that Chancellor George Osborne announced new Budget incentives to develop deepwater oilfields which requires its technology, lifted revenues 12% to £126m and pre-tax profits by 13% to £1.5m.The AIM-listed company won several new rental contracts from both existing and first time international oil and gas operators, including two from Statoil in the North Sea, plus a third Australian contract and two offshore Cameroon with Glencore. The sales mix showed the Rest of the World accounted for 49% of sales compared to 28% for the same period last year, with the second half already having seen a contract signed with Svensak for offshore Guinea Bissau. A further initiative to diversify revenue is a new Asian office in Singapore.The Plexus share price was up 3.4% to 281.13p at 12:15 on Thursday. OH
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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".

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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:

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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.

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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.

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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.

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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.

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