Plexus (#POS) – “AGM Statement”, argues “cautiously encouraged by the outlook across our key markets”

Plexus (#POS) – FY swing to loss, notes now “increased our focus on international markets”

Plexus (#POS) – proposed up to £3.5m fundraising at 6.5p per share

Plexus Holdings technology looks interesting but it will need a regular flow of new contracts to reach an net profit - avoid until those materialise

One of our readers has asked me to give my view on an oil and gas services company, Plexus Holdings (POS), which specialises in providing leak-proof wellhead sealing systems.

Plexus (#POS) – increased “enquiries”, but still has to convert these into contracts

Plexus – half-year results, is the tide now turning?

Oil and gas engineering services business and owner of the proprietary POS-GRIP method of wellhead engineering, Plexus Holdings (POS) has announced results for its half-year ended 31st December 2021 and argues “the tide is now turning” in its favour. Is it?...

Plexus (#POS) – suspends activities with Russian licencee partner Gusar

Plexus – a true POS?

I have been taking a brief look at AIM-listed Plexus – mainly because its ticker code is POS. So is it? Er……

Plexus Holdings (#POS) – profit warning, “lower than anticipated gross margins and higher overheads”

Plexus Holdings – another warning as conditions remain “challenging”

A “Trading Update” announcement from Plexus Holdings (POS) includes early that “although Plexus continues to pursue a number of specific opportunities in the North Sea and overseas, where discussions are progressing well, some of these are taking longer than anticipated to conclude” and that “a number of encouraging new contracts are currently being negotiated and are now likely to be concluded early in the next financial year, to June 2018”. Uh oh…

Plexus Holdings (#POS) – continued “challenging” sector conditions, contract delays, warns on FY performance

Plexus – DISGRACE: following big share slides in advance, you’ll never guess what “Trading Update” is like (you will)…

With its shares down more than 11% on Tuesday and further more than 12% on Wednesday morning, cue a 1:48pm “Trading Update” announcement from Plexus Holdings (POS). And you’ll never guess what (you will)…

Plexus (#POS) yet another profits warning & another promise that "things can only get better"

Plexus Holdings – AGM update; argues strong position for next cyclical upswing, but how far away’s that?

Shares in oil and gas engineering services company Plexus (POS) are currently more than 12.5% higher, at 73p, on the back of an “AGM Statement” which argues “with a strengthened balance sheet, a large wellhead inventory, an expanded suite of Plexus products, partners in strategically important territories, and a successful track record with a who's who of blue chip operators, Plexus is in a strong position to take advantage of and benefit from the next cyclical upswing”. Hmmm…

Plexus (#POS) – oil & gas “adverse trading conditions” continue, hopeful of better for 2017/18

Plexus Results "Pretty shocking" - and there is worse to come

In this, the 31st day of the tenth month in the year of Trump, we have today been delivered results from oil services group Plexus (POS) that are truly abysmal. One broker described them as "shocking" but that is unfair, we have been warning you for a long time that Plexus is in deep merde and things will only get worse.

Plexus (#POS) – FY loss £5.79m v. prior year £5.43m profit

Plexus Holdings – previous doubts borne out as “Conditional Placing” announced

On Plexus Holdings (POS) announcing the raising of $5 million of new equity in April, I questioned whether it was to fast track its entry into the Russian and other markets or to keep the lights on – see HERE. We now further have an answer – with the company announcing a conditional (including on 28th June General Meeting approval) gross £6 million placing including to “strengthen Plexus' balance sheet during the current down cycle”...

Plexus (#POS) placing at 65p to raise £6m

Plexus Holdings – new funds to accelerate Russia rollout or keep lights on?

Plexus Holdings (POS) has announced it is working on a licence agreement to enter the Russian and other CIS states’ surface land and platform production wellhead equipment markets and has raised $5 million of new equity “to support tailored research and product development and the company's sales and marketing efforts in Russia and other territories worldwide as well as for general working capital requirements”. Hmmm…