Member Info for MickR

100m worked buy just gone through at 0.015p...No wonder we are blueeee. News imminent IMO.

Follow the money. These small caps move very quickly and it will be NT to buy. until 0.030p once the deal lands.

DYOR

It was NT to buy at 0.014p and then went to 0.015p immediately with little stock available. My buy yesterday at 0.0112p looking well timed.

Could move up very quick once it gets going and 0.030p could fall in a flash, which is 100% up from here.

DYOR

BOOOOOOMMMM.......Should bag today if the RNS lands today. IMO.

Who is buying 250,000 clips?

Market cap less than £800,000, wonder if a mystery bidder will emerge from the wings to pick everything up at 1-2p a share? Strangers things have happened.

DYOR

Should bounce to 1p IMO.

Yes, this could go below 4p even if they continue dumping at any rate.

Lombard selling out, still got massive amounts of stock to sell....is this going below 5p?

Trotsky, The company is obliged to issue an RNS either way, as an example see this: https://origopartners.com/wp-content/uploads/sites/42/2021/03/5.-08-March-2021-Statement-re-Share-Price-Movement-1.pdf

As no "speeding ticket" has been issued as such RNS's are commonly referred to, the usual inference would be that there is a reason for the rise!

DYOR
DYOR

Nearly half the fee float was traded on Friday...around 15m shares. This does not look like a pump but we shall see :-)

DYOR

Cheers Fred,

There is something going on as Friday's volume was more than half of the free float. Looks like a leak to me but let's see. A speeding ticket would have been issued by now if there was no reason for the rise.

A management bid at 20p per share sounds about right to me.

Any small buying or selling moves the price because of the low free float. Once buyers return, I can see another 100% rise from here IMO.

DYOR

How low will it drop? 0.28p now.

The fact that there is no speeding ticket yet implies to me that there is something going on in the background and could have leaked going by last Friday's trades and volume.

Having done my research here, this company looks very undervalued and sub 4p is a steal IMO. DYOR

5p is a market cap of £5m
10p is a market cap of £10m
20p is a market cap of £20m

Freefloat less than 34%.

This will go very high on the right news.

DYOR

At 10p, the market cap will only be £10m, so still undervalued.

DYOR

Reposting this post from last Friday:
"Statement from the CFO at the Dec 22 AGM:
"During the year, the number of enquiries regarding our portfolio of Plexus products that can guarantee leak-free performance for the life of a well has escalated and we are hopeful of converting these into contracts in the coming months. We are also making headway having re-entered the Jack-up Exploration (Adjustable) Rental Wellhead market through a collaboration agreement with Cameron International Corporation ('Cameron'), Schlumberger's ('SLB') wellhead company. This collaboration expanded our existing SLB licencing agreement in relation to Cameron being able to design, market, and sell our POS-GRIP and HG® metal-to-metal seal method of wellhead engineering for surface production wellheads to its existing clients, where we are anticipating initial royally generation in the second half of our financial year.

"Furthermore, the adaptability of our POS-GRIP friction grip technology is key to our growth strategy as we explore the possibility of expanding into other sectors where we believe that we can play an important role in reducing harmful emission risks . Accordingly, o ur leading R&D team is pursuing options in growth markets such as Plug & Abandonment de-commissioning, where we recently secured an order from Oceaneering International Services Limited, carbon capture and storage, gas storage, hydrogen, and geothermal applications.

"In summary, having raised £1.55m through the issue of convertible loan notes in October 2022, which was supported by the Company's founder and CEO Ben van Bilderbeek, and Plexus' Chairman, Jeff Thrall, Plexus is better positioned to play a key role across numerous aspects of the complex energy story as it unfolds, and we look forward to 2023 with growing confidence.'

Only 100m shares with a £2m Mcap....58% of shares held by CEO. 2023 looks like it could be the start of a turn around for the Company who are committed to reducing or preventing methane emissions in the oil and gas induustry through their innovative wellhead sealing technology..........."

Last Friday's volume was over 13m shares, there has to be more to the rise than a pump. Free float in public hands less than 33%: https://www.plexusplc.com/shares/

Any small buying and this could rise very quickly. If positive news/ or a bid is confirmed, it could go over 10p in a flash so I have taken a punt down here at 3.20p.

DYOR

Source of 15p bid? Would be good news I would think.

DYOR

Latino, what are the rumours? Yes, I agree that that this does not look like a pump as no speeding ticket has been issued yet. What price would any bid be at?

Thanks LongerGuy---interesting article. This could be the bottom IMO.

Let's see if it closes above 150p-160p which could show a trend reversal.

DYOR

90p is too low, I may have a nibble if it goes below 130p.