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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 Holdings – another warning as conditions remain “challenging”

“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 – 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…

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