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Plexus Holdings PLC
LON:POS
Plexus Holdings PLC is an IP led company focussed on establishing its patented leak-proof POS-GRIP® wellhead and associated equipment as the go-to technology for energy markets. The company is making a genuine contribution to the oil and gas industry's ESG and NetZero goals by championing "through the BOP" (Blow-out Preventer) designs, and lifetime leak-proof HG® metal-to-metal sealing systems.
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Plexus reports narrower losses and strong revenue upswing in first half
The group, which sells its POS-GRIP wellhead sealing technology, reported an underlying (EBITDA) loss from continuing operations of £1.5mln, less than the £1.88mln loss a year ago, while sales revenues jumped to £1.3mln from £40,000
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Plexus Holdings to pay out £1mln through interim dividend
The balance sheet is also being restructured so that it can make additional payments in future.
FTSE 100 closes marginally higher ahead of next Parliamentary vote on Brexit
The January US Durable Goods Orders and Shipments Report showed that business equipment investment got off to a sluggish start this year, Berenberg Capital Markets noted
Investments and investor services
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Proactive news snapshot: Shield Therapeutics, Plexus Holdings, 88 Energy …
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Plexus Holdings highlights POS-GRIP rental deal with Gasprom
"This is the breakthrough rental wellhead order that both Gusar and Plexus have been working towards since we signed the licensing agreement in January 2016,” said Ben Van Bilderbeek, Plexus chief executive.
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Vela surges as it increases stake in Argo Blockchain
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Higher spending on POS-Grip technology will affect numbers says Plexus
Revenues are on track with enquiries for its POS-Grip technology rising but margins have been affected
Investments and investor services
FTSE 100 closes in red amid lower volumes but Reckitt Benckiser jumps
Footsie closed down around 17 points at 7,219 but FTSE 250 added over 140 at 19,127
Plexus shareholders back buyback deal with Russian partner Gusar
The proceeds of the buyback will allow Gusar to finance the purchase of two POS-GRIP jack-up exploration wellhead systems from Plexus
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Altona Energy plummets as attempt to oust Chinese directors fails
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Plexus Holdings to expedite Russia push with new Gusar transaction
"Plexus sees the share buyback as a practical and positive move that enables the acceleration of the delivery of the equipment into Russia," said CEO Ben Van Bilderbeek
Investments and investor services
FTSE 100 closes lower as Chinese data and Brexit weighs
Footsie closed down over 63 points at 6,855 on the day
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A look back at the top news from junior oilers this week