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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Plexus Holdings PLC    POS   GB00B0MDF233

PLEXUS HOLDINGS PLC (POS)
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Plexus : Well technology firm shares surge after contract success

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09/26/2017 | 11:15am CET

SHARES in oil well technology specialist Plexus Holdings surged 14 per cent after the company said it had won an order from Centrica'sNorth Sea business which provided a strategic boost for the firm, writes Mark Williamson.

Aberdeen-based Plexus will supply a wellhead that the oil and gas firm will use to help boost production from the Chiswick platform in the Southern North Sea.

The value of the contract has not been disclosed. However, chief executive Ben van Bilderbeek noted Plexus had focused on supplying equipment used by firms including Centrica for exploration work before moving into the bigger market for production systems. Exploration wells are temporary but production wells are required for the life of the field involved.

Aim-listed Plexus has been hit hard by the slowdown in exploration activity in the North Sea amid the crude price plunge and has tried to extend its sector and geographic reach in response.

The company last week announced it had won its first contract from Russia's Rosneft, to supply a rental wellhead for use on an exploration well off Vietnam.

It sees Asia, the Middle East, and Gulf of Mexico as strategically important regions.

Plexus Holdings shares closed up 9.5p at 80.5p.

Credit: Mark Williamson

(Copyright (c) 2017 Newsquest Media Group), source Newspapers

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Latest news on PLEXUS HOLDINGS PLC
11/23 PLEXUS : Posting of Annual Report & Notice of AGM
11/16 PLEXUS : Preliminary Results for the year to 30 June 2017
10/23 PLEXUS : Posting of Circular and Notice of General Meeting
10/19 PLEXUS : Sale of Jack-Up Business to TechnipFMC & Circular
09/30 PLEXUS : wins wellhead orders offshore Vietnam, the UK
09/26 PLEXUS : Inks Centrica Production Well Order
09/26 PLEXUS : Shares in Aberdeen Oil Services Firm Surge After North Sea Contract Win
09/26 PLEXUS : Well technology firm shares surge after contract success
09/25DJPLEXUS : Wins Production Well Order From Centrica
09/21 PLEXUS : First Wellhead Order from Rosneft in Vietnam
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Financials ( GBP)
Sales 2018 8,50 M
EBIT 2018 -
Net income 2018 -
Debt 2018 -
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 -
Capi. / Sales 2018 7,07x
Capi. / Sales 2019 -
Capitalization 60,1 M
Chart PLEXUS HOLDINGS PLC
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Plexus Holdings PLC Technical Analysis Chart | POS | GB00B0MDF233 | 4-Traders
Technical analysis trends PLEXUS HOLDINGS PLC
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 1
Average target price -
Spread / Average Target -100%
EPS Revisions
Managers
NameTitle
Bernard Herman van Bilderbeek Chief Executive Officer & Executive Director
Jerome Jeffrey Thrall Independent Non-Executive Director
Graham Paul Stevens Executive Director & Finance Director
Craig Francis Bryce Hendrie Executive Director & Technical Director
Geoffrey Edmund Thompson Independent Non-Executive Director
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