Plexus picks up million pound contract
16th Apr 2012 10:36
Plexus Holdings (POS), the oil and gas engineering services firm, has secured a contract potentially worth over one million pounds to provide wellhead systems and services to exploration firm Bowleven (BLVN). The firm said the equipment would be used for appraisal activities on two wells, both loca
Read morePlexus continues share surge as profits leap
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 (EBI
Read morePlexus directors offload via placing
17th Jan 2012 11:44
Robert Adair, Chairman of Plexus Holdings, is retiring from the board at the end of June, and has sold his entire shareholding in the company. Adair's holding of 3.5m shares, worth just over £3m at today's prices, has been sold in conjunction with a placing by the company of 2.56m shares at 78p eac
Read morePlexus gives confident outlook
30th Nov 2011 12:33
Plexus Holdings, the engineering company which serves the oil and gas industries, rose strongly after its chairman gave a bullish outlook on the year ahead. Speaking in a statement at its annual general meeting (AGM), Robert Adair said that it has won several new customers and contracts in the firs
Read morePlexus wins new Centrica contract
6th Sep 2011 09:16
Plexus Holdings, the engineering company which serves the oil and gas industries, has won an £800,000 contract with Centrica Energy. Plexus will now supply Centrica with wellhead equipment, a mudline casing support system and services for oil and gas exploration activities in the Central and Northe
Read morePlexus wins £3.3m contract with Centrica
29th Mar 2011 11:37
Oil and gas engineering services firm Plexus has won a contract worth £3.3m with a consortium led by the Norwegian subsidiary of Centrica for the supply of its proprietary 'POS-GRIP' wellheads and mudline suspension systems for exploration activities offshore Norway. The consortium includes Norway-
Read morePlexus profit bounces back
24th Mar 2011 10:42
POS-GRIP wellhead equipment supplier Plexus increased its interim revenues by 16% to £7.5m and this helped profit to bounce back but North Sea tax changes could create uncertainty. Last year's Gulf of Mexico oil spill from BP's offshore field and other spills have increased the focus on wellhead s
Read moreDrop in profit at Plexus
19th Oct 2010 19:29
Plexus reported a two-thirds fall in profit in the year to June 2010 but it says that BP's travails in the Gulf of Mexico have increased the awareness of its POS-GRIP blow-out preventer. Revenues fell from £15.1m to £13.1m with a sharp decline in the UK offset by higher sales in the rest of the wo
Read moreSmall caps: Paddy Power, Avis Europe, Plexus...
18th May 2010 14:04
Irish bookie Paddy Power says 2010 has seen very strong revenue performance in online (total gross win (ex Australia) +32%) and good bet volume growth across all channels. "Following a run of adverse sporting results in 2009 the group's sportsbook gross win percentages have returned to normal expe
Read moreSmall caps round-up: Timestrip, Mount, Kea...
18th Mar 2010 08:37
Shares in Timestrip slumped after the company which makes labels that show how long food containers have been open said it is considering a sale of the business. Timestrip said it has been constrained by a lack of working capital after approaches to existing shareholders and potential investors fai
Read moreSector movers: Oil services stocks move higher
16th Dec 2009 11:09
The oil equipment services and distribution sector is burning bright after well received results from two companies in the sector. Facilities service provider Petrofac expects full year profits to be at least 25% higher than last year. The company has had a good year in the contracts front and sai
Read morePlexus wins contract with Wintershall
16th Dec 2009 10:10
Oil and gas engineering services firm Plexus Holdings has won a new two year contract with a one year extension option with Wintershall to supply its POS-GRIP wellhead technology and mudline suspension systems. The group said revenues are expected to commence January 2010, but didn't comment on any
Read moreSmall caps round-up: Plexus, Independent Media, Interbulk...
15th Dec 2009 09:05
Oil and gas engineering services firm Plexus Holdings has won a three year contract with a further two year option clause with Maersk Oil to supply its High Pressure/ High Temperature POS-GRIP wellhead technology. The value of the initial contract is estimated at £3m with revenues commencing in May
Read moreSmall caps round-up: Real Office, Equest Investment, African Eagle...
1st Dec 2009 13:13
Real Office is in need of additional cash and is early stage discussions with its company's bankers, the outcome of which are uncertain at this time, it says A combination of lower than projected sales for the first quarter to 31 October 2009, increased credit taken by certain customers, the addi
Read moreSmall caps round-up: Timis eyes Sound Oil...
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
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