Member Info for Jmidland

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.

They have a fair bit of debt, upward of half a billion dollars...high interest rates and losses on contracts.

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.

I think part of their hopes are for the rise in the use of 5g which has been slower than expected what with COVID, wars etc. like many shares patience is a virtue!! Any 5g experts out there?

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.

Another small but significant end of life contract today in the North sea. Ben B. Very pleased with the prospects. 14 Nov.

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?

They do seem a reasonable buy price on future deal promises that Har have. But it is a bear market, debt financing is pricey. I've got fingers crossed long term on this one.

One positive issue pointed out was that tidal was predictable, not like wind and solar.

Can't someone put up some interesting comments on what the company is achieving, instead of these fatuous comments about share sales?

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.

Funds are being squeezed with companies so they spend less on ads...boom and bust...goes round and round it all boils down to timing, buying low and selling during the boom, which is nowhere near at the mo.

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.

The CEO or chair B.B. did inform us that 2023 was the year when oil investment would pick-up after a period of under investment. Looks as though that is coming true. Could be a steady, slow climber from now.

We(the shareholders) are all waiting for this beautiful idea of gaining energy from a renewable resource. The problem of financing new turbines etc ought to be a priority for government who are facing global warming problems. This is one answer and could make Scotland an even bigger producer of renewable energy.

We could do with more like you M33 , so much faff about buys and sells means nothing. What sends up shares is company successes. News about their products for the uninitiated is always welcome. They've diluted their shareholders slices of the company in supporting the development of their products and now it looks as though they are on the brink of making profits. Patience required and hope they don't need to tap the beleaguered shareholders for more funds!

I think there has been quite a bit of dilution since then.

If, as they are saying, we are going into recession with the US as well, companies might cut back on their spending including advertising. Some hedge fund recently went short here because of that.