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It's taken Hardide ages to get aerospace approval for coatings in the airborne machinery. That gives it a big moat. Patience does wear a bit thin after all these years but I do think Hardide is on the cusp of greater things....fingers crossed.
Great to see pictures of the machine in the shed undergoing overhaul. Solar panels had the same high costs of production but the FIT boosted investment by private investors so I hope the government doesn't pull the rug on helping the early stages of this sector......there's loads of sea space.
B van B was always positive about the oil &gas investments post 2022. It looks as though the momentum is building up, not the time to dive out in my humble opinion. It's the unknown unknowns which worry me here....someone with cheaper goods. But SLB is a large drilling company and by the sound of the tie-up it should benefit Plexus.
Company report today....as usual the Chair gives a good sum-up of o&g around the world and points to pos's potential as a provider of leak-free well heads and shut down equipment. Joe Biden's govt bringing penalties in for leaky methane equipment control. The N. Sea closing down numbers estimated at 200 per year. All factors favouring Plexus equipment, but, do you, need patience. It could all start coming soon but there is always the unknown unknowns. They have a tie up with Shlumberger,(Slb) a big operator and forecasts predict oil output in 2028 higher than now.Gla.
Sorry I didn't make a note, I've checked Proactive investors..not them. Might have been a trade magazine article about sealing off end of life wells using Plexus kits. Somewhere between 150 to 250k contract but the article pointed to numerous N. Sea wells needing closing off safely and I believe pos has the technology.
The Guardian said it all a couple of weeks ago....business downturns, cutbacks in spending, advertising an obvious choice, company aircraft go, single sheet toilet rolls. When the going gets tough something hits the fan.
Article in the Guardian points out that he was heavily involved with big tech in the US. They've all cut back on spending because of the bear market. AI is supposed to be big in his advertising departments....but any debt will affect the bottom line. Might be a bargain at the bottom but where's the bottom?
Ditto the long wait. They do have a wide moat, it takes ages to get aero contracts due to the exacting nature of the industry...safety a major concern. But that's all won now and expansion is there so the shekels should become more abundant. You need great patience with this one but it has some advanced tech.
Mr Wood gave an interview this summer saying that there would be more spending than income for a while but expected incomes to start to rise steadily. Of course higher spending, if borrowed, will incur higher costs. Until that reverses this is probably going sideways. After that though the promise in defense, prefabrication, repair and gas storage looks very promising. We could ask, have they bitten off more than they can chew?
They have a wellhead product which makes leaks less of a problem so environmentally they should sell more, that is an abstract number dictated on oil and gas investments. Hopefully the growth in sales is a steady upward slope.