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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: 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
POS Live PriceLast checked at -

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Small caps round-up: Timis eyes Sound Oil...

Tue, 20th Oct 2009 09:52

Sound Oil is in discussions about a possible takeover of a private company majority-owned by a trust connected with Frank Timis with oil assets offshore West Africa.The transaction under discussion is expected to represent a reverse takeover under the AIM Rules and Sound has requested that trading in its shares be suspended. Frank Timis is the best known as the colourful ex-chief executive of Regal Petroleum and most recently for claiming ENRC is poised to buy African Minerals, another one of his companies.Oil drilling equipment group Plexus reports made strong progress in the second half of the financial year, and consequently reports a 14% increase in turnover to £15.1m for the year to 30 June 2009, and a 13% increase in underlying profit to £4.3m . Pre-tax prpfits fell to £1.8m from £1.09m."We view the current year with a degree of caution, remaining mindful of the economic slowdown and the resulting postponement of certain oil company investment decisions and associated exploration activity. The impact of these factors is a reduced forward order book as compared to this time last year and therefore less visibility," it said.Internet video streaming firm Forbidden Technology said its integrated internet video platform FORscene has been purchased by digital post-production company Clear Cut Pictures.Clear Cut provided FORscene to its client Endemol, best known for the programmes Big Brother and Deal Or No Deal?, during the production of 'Can You Bank On Me?'. Shares in miner African Eagle jumped after it reported further progress with its Dutwa Nickel project in Tanzania. 'We have chosen a contractor for a transport and logistics study and will appoint a contractor for advanced deposit modelling shortly,' said chief executive Mark Parker.Baobab Resources, which explores for iron ore and base and precious metals in Mozambique, has raised £2.75m to fund explorations projects in the southern African country. It placed 45.8m shares at 6p a time. Stock market tiddler Millbrook Scientific is seeking permission from its shareholders to delist from AIM. The company said the fees associated with its AIM listing were proving a burden to the company. It estimates it could save £50,000 a year by cancelling its listing.Film animation specialist OMG said full year turnover is expected to be in excess of £26m, generating full year profits broadly in line with market expectations. The pipelines for the group's businesses remain encouraging going into the new financial year, it added.Heywood Williams has called in the administrators after its shareholders rejected the group's proposed restructuring.
More News
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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