UK 06:24 Friday, 6 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Having fallen from more than 120p on the back of a very significant profit warning in January, though been recovering from little more than 40p at the end of last month, shares in oil and gas engineering services company Plexus (POS) currently trade around 5% lower at 52p on the back of results for the six months to 31st December 2015…
Shares in Plexus Holdings (POS) are a significant faller today despite its latest announcement being a “Well Order Signed with Det norske, Norway” and this following an announcement of a “Russian Licence Agreement” and that its “Malaysian JV Wins First GBP0.9M Well Order”…
Kudos to Lucian Miers – as Plexus Holdings (POS), recently identified by him HERE as, due to the current climate, looking to have hit a brick wall has announced that it “has seen a significant slowdown in planned activity by its customers… the company's financial results for the year to 30 June 2016… will be very significantly below market expectations”. The shares are down as a result from the 125p of Lucian’s piece and a prior close of 122.75p to currently struggling above 70p…
Celebrations must have been somewhat muted last month at oil services group Plexus PLC (POS) as it celebrated its tenth birthday on AIM. Things have got worse since then and unfortunately there is little sign of relief.
It was perhaps inevitable that shares of Plexus Holdings would succumb to the influence of the oil price collapse during the autumn of last year. The recovery since and has actually been relatively encouraging. This is said on the basis of the final bear trap rebound in February from towards 160p,
Broker Numis has published a detailed note on Plexus (POS) in the wake of results out today. It reckons that the shares, now 250p, are worth 350p.
House broker to Plexus (POS), Cenkos has today published a new note increasing its 2014 forecasts materially and introducing 2015 forecasts for the first time. At 264p analyst Ian McInally rates the shares as a “buy.”
Respected broker Numis (these things are all relative) has today initiated its coverage of Plexus (POS) at 321p with an add stance and 364p target. But it says that its “bull case” target is 1145p! It writes:
Cenkos, house broker to Plexus (POS) has published a detailed note on the oilfield services company in the wake of interims which it views as “solid.” It adds that the shares – now 272p- could move “beyond the 300p level” which is its current target price.
Plexus Holdings (POS) is a stock which appeared to be one of the great charting hopes of 2013 for the bulls. Alas, so far it has proved to be one of the more frustrating plays among AIM stocks. Given the technical set up, this is very hard to understand.
It should have been a walk in the park for bulls of Plexus Holdings this autumn, something which the triple unfilled gaps to the upside from July and the subsequent gap fill failure above the 200 day moving average currently at £2.33 would attest to in terms of a very positive charting setup here for the oil and gas engineering group.
Plexus (POS) has been, and continues to be, a great bulletin board / retail investor favourite. This can very often be the kiss of death. However, at least from a charting perspective, that is not the caser here.
Some traders looking at the daily chart of Plexus (POS) might be getting a sinking feeling in terms of what the price action has been doing over the past three months in terms of the extended consolidation. But…
Following its results yesterday broker Cenkos has increased its earnings forecasts for Plexus (POS) and reiterated its buy stance at 223.5p with a new target of 270p.
