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Pin to quick picksPlexus Share News (POS)

Share Price Information for Plexus (POS)

London Stock Exchange
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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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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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24 Sep 2019 16:01

Plexus technology enters service with Gazprom

(Sharecast News) - Oil and gas engineering services business Plexus Holdings announced on Tuesday that its Russian licensee Gusar has successfully installed the first wellhead for Gazprom as part of the previously-announced contract to supply 'POS-GRIP' rental wellhead gas exploration equipment to the Russia-based energy giant.

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24 Sep 2019 13:59

Plexus Installs First POS-GRIP Jack-Up Wellhead For Russia's Gazprom

Plexus Installs First POS-GRIP Jack-Up Wellhead For Russia's Gazprom

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3 Jun 2019 12:45

Plexus Partners With BEL Valves To Supply Flow Control Equipment

LONDON (Alliance News) - Plexus Holdings PLC on Monday announced the establishment of Plexus Pressure Control Ltd, a majority owned joint venture with BEL Valves Ltd, which will exclusively supply

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3 Jun 2019 12:11

Plexus forms JV for xmas tree and wellhead supply

(Sharecast News) - Plexus Holdings on Monday formed Plexus Pressure Control Limited (PPC), a majority-owned joint venture formed with British Engines Group subsidiary BEL Valves Limited, to supply surface production xmas tree valve assemblies and wellhead annulus outlet valves.

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28 Mar 2019 11:40

Plexus Holdings Interim Loss Narrows As It Ceases Jack-Up Business

LONDON (Alliance News) - Plexus Holdings PLC on Thursday said its pretax loss narrowed in the first half of the current financial year due to a change in focus to wellhead equipment AIM-listed for

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13 Mar 2019 14:42

Plexus Declares Interim Dividend; Plans Premium Account Cancellation

LONDON (Alliance News) - Plexus Holdings PLC on Wednesday declared an interim dividend of GBP1.0 million in total, equivalent to 0.99566 pence per share, following the sale of a business to FMC in

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4 Mar 2019 10:05

Plexus Holdings Russian Licensee Signs Equipment Contract With Gazprom

LONDON (Alliance News) - Shares in Plexus Holdings PLC spiked Monday after the oil and gas engineering services company said its Russian licensing partner secured an exploration wellhead equipment

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4 Mar 2019 09:34

Plexus local supplier wins contract with Gazprom

(Sharecast News) - Oil and gas engineering services business Plexus Holdings announced on Monday that its Russian licensee, LLC Gusar, has secured its first major contract to supply 'POS-GRIP' rental wellhead gas exploration equipment to Russian energy giant Gazprom.

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18 Feb 2019 09:44

Plexus Holdings Annual Earnings To Fall On Lower Margins, Higher Costs

LONDON (Alliance News) - Plexus Holdings PLC on Monday said annual revenue is "broadly in line with expectations", however, lower margins and higher overheads will hurt in the jack-up at

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18 Feb 2019 09:37

Plexus margins squeezed by increased investment

(Sharecast News) - Oil and gas engineering services business Plexus will fall short of earnings expectations in its current trading year as a result of an increased investment into its POS-Grip wellhead sealing technology.

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17 Dec 2018 09:26

Plexus coughs up £0.74m for minority share in KMS

(Sharecast News) - Oil and gas engineering services business Plexus Holdings has made an investment of £0.74m to acquire a 49% interest in independent precision engineering business KMS, it announced on Monday.

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27 Sep 2018 14:30

Plexus product gets Russian deployment via licensee Gusar

(Sharecast News) - Oil and gas engineering services business Plexus Holdings announced on Thursday that its Russian licensee, Gusevsky Valves Plant (Gusar), has entered into an initial agreement to supply Gazprom with two sets of its 'Tersus TRT Mudline Suspension System' (MLS) products for the construction of shallow water exploration gas wells on the Kara Sea Shelf in 2019.

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27 Sep 2018 10:37

Plexus Holdings Licensee Wins Equipment Supply Agreement With Gazprom

LONDON (Alliance News) - Oil & gas engineering services company Plexus Holdings PLC on Thursday said its licensee has been contracted to supply two sets of its Tersus - TRT Mudline Suspension

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8 Aug 2018 10:48

Plexus Holdings nails down second POS-SET connector order

(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.

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2 Feb 2017 10:23

Plexus Holdings Extends Brunei Shell Contract By Two Years

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