Last checked at 22 Aug 2023 10:36
AIM WINNERS & LOSERS: Plexus surges as contract value rises
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.
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Share Price Information for Plexus (POS)
Share Price is delayed by 15 minutes
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Share Price:
15.75
Bid:
15.50
Ask:
16.00
Change:
0.25 (1.61%)
Spread:
0.50 (3.226%)
Open:
15.50
High:
15.75
Low:
15.50
Prev. Close:
15.50
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Don't have an account? Click here to register.Plexus plummets again despite Russian licensing deals
Tue, 26th Jan 2016 10:18
(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", Plexus has agreed an exclusive licence agreement with LLC Gusar Ltd and CJSC Konar to undertake the rental, manufacture and servicing of Plexus' jack-up drilling wellhead exploration equipment into the large oil markets of Russia and the other former Soviet states.Plexus said the agreement provided it with low-cost access to these regions as it did not require significant investment in capital intensive assets such as manufacturing.In the absence of any unexpected issues, Gusar has agreed to pay Plexus $5m within six months from the date of the agreement plus a further licence fee capital payment calculated as a multiple of EBITDA generated by Gusar's POS-GRIP business activities during the fourth year after execution of the deal.The deal stipulates that both Gusar and Konar will make a quarterly royalty payment to Plexus based on the invoice value on all Plexus products sold, rented or supplied by Gusar and/or Konar."This new venture forms part of our strategy to extend our POS-GRIP jack-up exploration wellhead product line and associated services beyond our dominant North Sea high pressure/high temperature market which is currently severely impacted by the low oil price and consequent reduction in drilling activity, into new, larger growth markets around the world," said chief executive Ben Van Bilderbeek.He noted that Russia, according to the EIA, was the third largest producer of petroleum and other liquids in 2014 and holds almost a quarter of the world's proven natural gas reserves and 5% of global crude reserves.Shares in Plexus nevertheless were down 20% to 54.5p by 1015 GMT on Tuesday, having fallen from 119p to 70p on Monday.
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22 Aug 2023 08:58
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Plexus Holdings shares rise as announces 60% contract value jump
(Alliance News) - Plexus Holdings PLC on Tuesday announced that the value of a major contract from March has increased by 60%.
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Plexus wins GBP5 million contract for specialised project application
(Alliance News) - Plexus Holdings PLC on Monday announced it secured an order for its wellhead equipment and sealing technology for a specialised project application.
Read more6 Mar 2023 09:56
Plexus shares surge after securing £5m order
(Sharecast News) - Engineering services business Plexus has secured a £5.0m has secured an order for its proprietary POS-GRIP HG wellhead equipment and sealing technology for a specialised project application.
Read more1 Mar 2023 15:21
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Plexus sublets Burnside House, offloads ground lease
(Sharecast News) - Oil and gas engineering service provider Plexus announced on Wednesday that it has completed a sub-lease of its Burnside House property in Aberdeen to a third party, for 15 years.
Read more23 Dec 2022 15:40
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Read more16 Dec 2022 16:39
UK shareholder meetings calendar - next 7 days
| Monday 19 December | |
| Abingdon Health PLC | AGM |
| Brand Architekts Group PLC | AGM |
| China Nonferrous Gold Ltd | AGM |
| DeepMatter Group PLC | GM re ordinary shares cancellation |
| Mila Resources PLC | AGM |
| Purplebricks Group PLC | GM re chairman replaced by Harry Hill |
| Renalytix PLC | AGM |
| RTW Venture Fund Ltd | EGM |
| Star Phoenix Group Ltd | GM re resolution to approve change of auditor |
| Technology Minerals PLC | AGM |
| Visum Technologies PLC | AGM |
| Tuesday 20 December | |
| AVI Global Trust PLC | AGM |
| dotdigital Group PLC | AGM |
| eEnergy Group PLC | AGM |
| Nanoco Group PLC | AGM |
| Pharma C Investments PLC | AGM |
| SourceBio International PLC | GM re proposed cancellation and re-registration as a private Ltd |
| Wednesday 21 December | |
| 7digital Group PLC | AGM |
| BATM Advanced Communnications Ltd | AGM |
| dotdigital Group PLC | AGM |
| Northamber PLC | AGM |
| Parkmead Group PLC | AGM |
| Windar Photonics PLC | AGM |
| Thursday 22 December | |
| Beeks Financial Cloud Group PLC | AGM |
| Beximco Pharmaceuticals Ltd | AGM |
| Corcel PLC | AGM |
| Gulf Investment Fund PLC | AGM |
| SolGold PLC | AGM |
| Friday 23 December | |
| Plexus Holdings PLC | AGM |
| Wildcat Petroleum PLC | AGM |
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25 Nov 2022 10:12
Plexus full-year loss widens on higher costs, revenue up
(Alliance News) - Plexus Holdings PLC on Friday reported a widened full-year loss but a rise in revenue on more operational project work.
Read more20 Oct 2022 13:43
IN BRIEF: Plexus raises GBP1.6 million from loan notes; shares surge
Plexus Holdings PLC - West Sussex-based engineering services provider - Raises GBP1.6 million through the issue of 1.6 million convertible loan notes. Receives GBP1.0 million from OFM Investment Ltd, GBP500,000 from Chief Executive Ben van Bilderbeek, and GBP50,000 from Non-Executive Director Jeff Thrall. OFM is a company connected to Bilderbeek. Says the proceeds will be used for "working capital purposes" and to fund the company's activities as it seeks to capitalise on its "increasing pipeline of opportunities", notably its re-entry into the exploration wellhead rental from Jack-up rigs market where Plexus is in a licencing partnership with Schlumberger. Adds that the loan notes are non-interesting bearing and have a two year long stop maturity date.
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