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Plexus Information
Share Price Information for Plexus (POS)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
13.25
Bid:
13.00
Ask:
13.50
Change:
-0.25 (-1.85%)
Spread:
0.50 (3.846%)
Open:
13.50
High:
13.50
Low:
13.00
Prev. Close:
13.50
Last checked at -
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Don't have an account? Click here to register.Plexus continues share surge as profits leap
Thu, 29th Mar 2012 10:00
Plexus, the specialist oil and gas wellhead engineer, says new contract wins and repeat business from old customers drove profits in the six months to the end of December.Turnover increased 24% over the period of 2010 to £9.3m, while earnings before interest, tax depreciation and amortisation (EBITDA) grew 17% to £3.0m. Profits before tax increased 33% to £1.5m. The interim dividend has been increased by 11.4% to 0.39p per share.Since the year end Plexus has raised £6.2m in a share placing.Plexus is now aiming to produce a new type of subsea wellhead, to build on the success of its "friction-grip" land based system.The group's Chief Executive, Ben van Bilderbeek said: "there is an increasing recognition that Plexus has the potential to become a leading specialist oil and gas wellhead services company that will offer a new wellhead standard for surface and in time, subsea applications."Shares in the firm had gained 5.3% by 10:08; the stock is now 59.7% up on the start of the year.BS
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Afren: Oriel downgrades from buy to hold with a target price of 145p. Aggreko: RBC Capital downgrades to neutral with a target price of 1700p. Betfair Group: Morgan Stanley raises target price from 1150p to 1260p and keeps an overweight rating. BG Group: Nomura downgrades to neutral with a target
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Plexus Holdings Gets Further GBP1.4 Million Contract With Maersk
LONDON (Alliance News) - Plexus Holdings PLC Tuesday said Maersk Oil, the Danish oil and gas subsidiary of AP Moller-Maersk Group, has converted an option to receive wellhead services from Plexus at an estimated value of roughly GBP1.4 million. The AIM-quoted oil and gas engineering service
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Plexus Holdings Signs New POS-GRIP Contract With Shell Subsidiary
LONDON (Alliance News) - Plexus Holdings PLC Wednesday said that it will supply Shell China Exploration and Production Company Ltd, a subsidiary of Royal Dutch Shell PLC, with its POS-GRIP wellhead technology, to explore a well for gas offshore Hainan Island in China. The AIM-quoted oil and
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