Previous Close: 212.50p* (real time prices at ADVFN) Previous Range:200.90 - 210.00* Previous Volume:13720 shares (up on average)* Trading:above the 50 day M.A. (136.919) & above the 200 day M.A. (123.289)*
'The HGSS subsea wellhead design will include a combination of key features never before seen in a subsea wellhead which include being rated to 15,000 psi, 4,000,000 pounds of 'instant' casing lockdown capacity, annulus pressure monitoring and access for 'bleed off' capability to address sustained casing pressure ('SCP') issues which are recognised by the API as a serious industry problem, and rigid metal annular seal technology qualified to match the performance of premium casing. Development is expected to be completed by mid 2013 calendar year'
I read that two page spread today in Shares magazine, too, Fabien; basically they seem to be on the cusp at last of the long awaited industrial breakthrough which their superior technology warrants but further patience is required....
That wait should prove worthwhile, given the potential and I'd agree with the 'BUY' rating ascribed to it by the mag, despite the lofty rating, even now. A firm holder, me - sasa. By sasa43
Interesting indepth interview with Ben himself today in the Griller section of Shares. Gives a good overview of Plexus' POS-GRIP wellhead technology and why it's ahead of the market leaders. Also talks about the significant upside of its subsea wellhead development it is designing alongside a host of oil and gas majors which makes for exciting reading. By Fabien Reinhoff
No 'nasties' in the event, roco, so the sp should pick up from here, imv.
The principal difficulty with this one is the very tight mkt in the shs and even minimal trading in it can have a disproportionate effect on the sp. Mr Van de B should lighten his hldg a bit.
I try and overlook this handicap, 'cos illiquidity can also work to holders' advantage, too; the potential for the technology edge they have is considerable and growing demand for their kit is the more important consideration. Firm holder / poss top up opportunity here - sasa. By sasa43
'Jeffrey Thrall, Non-Executive Chairman of the Company, acquired 4,000 ordinary shares of 1 pence each in the Company ("Shares") on 5 December 2012 at a price of 260 pence per Share.'
Seems to me he knew something back in December that encouraged him to buy at 260. IMO fwiw considering this is such an illiquid stock the small volume is creating this volatility and we are having to deal with drift. The fundamentals haven't changed if anything they are getting stronger. There will be news very soon and am confident that the management will deliver.
Sp25. Agree with comments re technology and current value. I think you will be lucky to see a buying opportunity at 200p though. The demand issue is more likely to be met by with some sort of licensing deal IMO. I await the interims with great interest - not long now.
Ponderall By ponderall
Just to throw this into the air, but the company has said that it is struggling to keep up with demand. There may well be a share issue to raise funds for expansion. Also the highs of 290p approx was suggesting a rather high P/E. This price does appear to be reasonable and well worth filling up on. I am personally waiting for 200p on the ask to top up.
Still massively illiquid, but a great company with cracking technology.
I've been wondering the very same, roco and was further non - plussed about the recent award!
Flags outside the office / private jets etc, as you say (although not that tell - tale sign yet, fortunately) often puts a curse on the co involved... The price is suggesting something it seems, perhaps technical probs with their latest subsea kit /?
No idea really; will have to hope the next figs / forecasts are okay. Mind you, being a near 'close company' here doesn't help matters, either, of course - sasa. By sasa43
Not sure what has gone wrong here. Are we expecting disappointing results next week? Has something leaked (pun)?
Getting close to 200 day MA.
Anyone shed any light on the recent weakness please? By roco200
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it may suggest that POS is a "little priced in right now" imho, I will await to see if earnings,revenues,NAV catch up with pretty hefty market cap of £150mln @ 215p share price...its market cap NOT so much the share price which is key mate
pretty hefty market cap of £150mln for only c £4-5mln full year profits ( based on these half year), i like POS and so do IC but will just wait
· 21% increase in sales revenue to £11.3m (2011: £9.3m)
· 12% increase in EBITDA to £3.4m (2011: £3.0m)
· 18% increase in profit before tax to £1.7m (2011: £1.5m)
it takes time to turn potential into revenue. POS are involved with the right companies and at an early stage in their journey are offering dividends to shareholders. The potentail growth even with the current MCAP should not be underestimated. I'm happy to hold this stock and feel we have alot of contracts to look forward to. Fundementals can only improve going forward but this seems to bear little significance to any stock on AIM.
It appear that there are relatively few shares in the market so the share rises quickly on any buys. Whenever new investors come to the share their buying seems to make the SP rise more rapidly than you would expect for the limited volume. I consider that POS has excellent prospects, especially with its joint project which should mean a much larger market for its excellent technology………… As always a personal opinion DYOR.
The RNS states 'interim dividend to 0.44p per share approved for payment on 26 April 2013 to all shareholders appearing on the register of members on the record date 12 April 2013.
So anyone who owns the shares on 12 Apr will be eligible for the divi. If you sell the shares after that date you keep the interim divi.
where does it say you have to appear in the register on 12/04/2012?? The RNS says you must appear in the register on 12/04/2013.
Once you appear in the register on the given date do you automatically qualify for the dividend? can you sell your shares on the next day and still receive the dividend payment.
I have searched the internet at length to help me understand the dividend route and it has not helped me.