Plexus Ocean Systems / Plexus Hldgs
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Die Basis scheint solide zu sein.
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October 2007 | Average 58.96p | High 63.5p | Low 54.5p | Beta Volatility 3.17p | Enter start to End October 2007 into the Control Panel |
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May 2008 | Average 65.75p | High 80.5p | Low 61.5p | Beta Volatility 5.35p | Enter 1 May 2008 To Present into the Control Panel |
Da erleben wir einen stetigen Preisanstieg
Industry Sector
Oil & Gas - Services
Plexus Holdings has secured a deal to supply Sterling Resources (U.K.) Limited with the POS-GRIP wellhead systems and mudline suspension systems for a seven-well 10,000 psi, exploration drilling programme in the North Sea and Romanian Black Sea.
The potential value of the contract is estimated at £800,000, with revenues commencing in the third quarter of 2008.
Plexus will also supply for the first well, the drilling components of its M2S (Mudline to Subsea) cross-over system, which enhances the capability to convert a jack-up drilled exploration well to produce subsea.
Plexus CEO Ben van Bilderbeek said:
'This contract expands the inventory of exploration wells that can be converted to subsea production, using our unique M2S conversion system. Plexus is developing the capability to become a turnkey supplier of the wellhead technology required to pre-drill and complete surface and subsea production systems.'
Plexus announced in March that it had won an £800,000 contract from CNR International for its POS-GRIP wellhead system for High Pressure/High Temperature drilling in the UK North Sea.
Monday, April 14, 2008
Quelle: www.smallcapnews.co.uk
Companies: POS
21/04/2008
Tough credit markets have not stopped oil and gas services specialist Plexus Holdings upping its banking facility and winning new orders.
Aberdeen-based Plexus, whose equipment is designed to enhance the efficiency, safety and cost effectiveness of high-pressure and high-temperature exploration and production well-heads, has increased its bank facility with HBOS from £2.5 to £4 million in the wake of a 640 per cent pre-tax profits increase to £1.3 million in the six months to September. The AIM-quoted company, whose proprietary POS-GRIP technology has won it contracts with the likes of Canadian Natural Resources, Sterling Energy, Shell, BP, Statoil and Gaz de France, is establishing a service base in Malaysia and exploring new POS -GRIP applications, such as ‘sub-sea’ operations.
Finance director Graham Stevens argues Plexus, headed by veteran sector innovator Ben van Bilderbeek, is winning increasing industry recognition. He says the company, whose shares were floated at 59p in late 2005, does not intend to come back to shareholders unless an unusually large opportunity emerges, in terms of a contract ore acquisition.
Plexus shares, which hit 104.5p two years ago before slumping to 35.5p last May, have rallied to 62.5p, up 4p this morning, where they value the company at £50 million. They could outperform several sector peers.
Quelle: http://www.growthcompany.co.uk
Plexus: In the Right Place at the Right Time With the Right Technology?
By Jackie Steinitz
14 May 2008 at 04:17 PM GMT-04:00
LONDON (ResourceInvestor.com) -- The oil equipment and services sector is booming; both the FTSE and Dow Jones oil services sector indices have broken records within the last week.
The FTSE oil equipment services index is currently 45% higher than a year ago, while the FTSE 100 index is 5% down over the period. There is a similar contrast between the 37% year-on-year rise in the Dow Jones oil services index and the 3% decline in the Dow Jones industrial average.
Margins in the sector are buoyant too, with most equipment and services companies operating at, or near, full capacity.
And the boom seems set fair to continue as the key driver for the sector is investment spending in the oil business, which in turn is driven by oil demand and the maturing and depletion of existing fields.
As the world, especially China and India, continues to industrialise, a massive investment will be required to enable oil and gas companies to explore, in ever more difficult places and challenging conditions, to replace reserves, to develop fields in order to maintain production and to further invest in existing fields to maximise recoveries.
Plexus and POS-GRIP Technology
A company that may be particularly well poised to benefit from the growth in demand for oil equipment is Plexus Holdings plc [LSE:POS].
Head-quartered in Aberdeen, Scotland and with offices in London and Houston, Plexus’ wellhead rental and supply business is based upon an innovative and proprietary method of engineering.
POS-GRIP®, which was developed by the CEO and founder, Ben Van Bilderbeek, has the potential for applications in many fields, but was developed initially for use in wellheads and connectors in the oil and gas industry.
The technology in essence enables two “tubular members” (pipes) to be deformed against each other in order to achieve a simple, safe and high performance metal seal.
(For full details and for an animation of a POS-GRIP wellhead see Plexus’ AIM admission document and its products page.)
POS-GRIP wellheads offer the customer a number of very significant performance, safety and cost advantages over the other two methods currently in use in the industry. Specifically:
POS-GRIP wellheads have fewer components: Shown in the schematic below. This leads to a simplified design and assembly, and reduced installation costs.
They are simpler to manufacture, and so have lower unit cost.
POS-GRIP wellheads provide higher grade seals and have enhanced corrosion resistance: There is a larger metal to metal seal contact area.
POS-GRIP exploration wellheads are safer: Unlike the slip and seal wellheads currently used in around 80% of applications around the world the Blow Off Preventor remains in place throughout drilling, reducing the possibility of accidents. The higher grade seal reduces also the possibility of a gas leakage.
They are more reliable: There is almost no movement between the sealing parts.
POS-GRIP technology is particularly suitable for high pressure high temperature reservoirs: POS-GRIP holds the components in suspension and so is better able to withstand the stresses, strains and movements associated with extreme pressure and temperature conditions.
Plexus’ Revenue Model, Customers and Sponsors
Plexus generates revenue from a number of sources including the rental of wellheads for use in exploration, the sale of production wellheads and associated component products such as mudline hangers, and the provision of service support and technical expertise. In addition Plexus undertakes engineering projects based around POS-GRIP technology.
To date POS-GRIP wellheads have been used in over 140 wells in the North Sea, Brunei, the Caspian Sea, Egypt, Malaysia and Trinidad & Tobago. The company has an impressive client list including British Gas, BP, BHP Billiton, ConocoPhillips, Gaz de France, Maersk, Petro-Canada, Shell and Tullow Oil. In the last six weeks it has signed two contracts to supply wellheads for exploration in the North Sea and the Romanian Black Sea.
BP, ExxonMobil and Shell have also sponsored Plexus by contributing to studies of POS-GRIP technology.
Bull Points and Risks
There are a number of points favouring investment in Plexus
POS-GRIP technology offers very real benefits to the consumer: With drill rigs costing up to $1 million a day to hire the rental of a POS-GRIP wellhead can often pay for itself through time savings. A testimonial by Brunei Shell, for example, indicates that in addition to the safety benefits the POS-GRIP wellhead enabled 45 hours to be saved on a recent offshore operation.
Plexus has an expanding blue-chip client list and is increasing the global spread of its operations: In the last year it has extended its overseas operations to include the Caspian Sea, Egypt, Brunei, Trinidad and Malaysia. It has just established a base in Malaysia to target further business in Brunei, Malaysia, and in the longer term, perhaps Australia.
Growth in revenues and profits to date has been encouraging: Turnover to the year ending June 2007 was up 52% to £10.3 million while EBITDA increased 275% to £1.9 million. In the six months to December 2007 turnover was up 50% and EBITDA up 261% on the previous year.
The company is now generating considerable repeat business: Always a good sign!
Plexus’ rental wellheads act as a shop window: They raise awareness of the product and enable customers to “suck it and see!”
As awareness grows it may become easier for Plexus to gain momentum: There could be an “S curve” effect.
Plexus is particularly well poised to gain share of the high pressure high temperature market: Oil companies are having to explore in ever more extreme conditions; all the low-hanging fruit has been taken. POS-GRIP technology is particularly well suited to these conditions and Plexus will find it easier to gain market share in frontier markets.
Plexus’ market share has huge upside potential: The company estimates that at present it has just a 7.5% share of the $200m+ jack-up market, which in turn is just a small part of the $5bn+ oil and gas market for POS-GRIP technology.
POS-GRIP technology potentially has many other applications outside the oil and gas industry: It could be used for example in ship to shore operations where the technological advantages would be evident, or in any other pipeline application where it is important to connect and release quickly.
The technology is protected by a comprehensive suite of patents.
The company’s long term strategy is to make POS-GRIP a new industry wellhead standard: This would be no easy task given the strength of the multinational competitors, the industry’s slow adoption of new technology, and established practices. However the upside potential if Plexus were successful would be enormous.
These latter factors – the historic precedent (slip and seal technology has been around for decades), the entrenched positions and industry’s reluctance to adopt new technology - are perhaps the greatest risk facing Plexus. It may prove difficult to break into the pre-existing market for conventional low pressure low temperature wellheads and to gain industry penetration, though for reasons outlined above the HP/HT market is still in its early stages so this should prove an easier target for Plexus.
The risk of another company developing an alternative and superior technology is not considered likely as POS-GRIP technology has remained unchallenged for almost 10 years, and the approach, which Plexus describe as “doing from the outside in what everyone else does from inside out”, is well protected by patents.
Strategy and Valuation
Plexus has a multi-pronged strategy to further develop the business. While its long term goal is to establish POS-GRIP as the industry standard in the meantime it is seeking to boost awareness of the technology through rental and sales growth and by forming licensee and JV alliance partner relationships. Plexus is also actively promoting the enhanced safety aspects of POS-GRIP in order to benefit from tighter health and safety legislation in some countries such as the new “Corporate Manslaughter and Homicide Act 2007” which has recently been implemented in the U.K. The company is also working to expand its geographical base of operation, and to broaden the POS-GRIP product offering.
Plexus listed at 59 pence on London’s AIM market in December 2005 at a time when the market was fizzy. The share price overshot on the way up then, when the company did not make as much progress as initially anticipated, it overshot on the way down.
While the essential story has remained unchanged the company has now had a longer period to grow into the story, to demonstrate its potential and to gain new and repeat business. Following recent announcements of two contracts and successful interim results the price has rocketed 70% in less than two months. At today’s price of 64.5 pence the company has a valuation of £52 million ($101 million)
Plexus could currently be sitting near the bottom of an S curve. In a worst case scenario it could perhaps remain sitting there, with a modest market share albeit in a fast growing market. More likely, given the economic, performance and safety benefits of POS-GRIP technology (particularly in the fast growing high pressure high temperature market), the growing customer awareness, and the strategic vision of the company, it could progress up the S. In a best case scenario it could become a new industry standard.
Could this be a company in the right place, at the right time, with the right technology?
Quelle: http://www.resourceinvestor.com/pebble.asp?relid=42777
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PLEXUS HOLDINGS PLC REGISTERED SHARES LS -,01 | |||||||
WKN: | A0HM56 | ISIN: | GB00B0MDF233 | Branche: | Land: | Großbritannien |
Times & Sales | |||
Uhrzeit | Kurs | letztes Volumen | kumuliert |
---|---|---|---|
14:30:37 | 95,00 | 6.000 | 84.298 |
14:29:11 | 95,00 | 5.263 | 78.298 |
14:27:55 | 95,00 | 2.086 | 73.035 |
14:06:48 | 94,38 | 0 | 70.949 |
13:44:00 | 94,38 | 2.000 | 70.949 |
13:41:47 | 94,38 | 300 | 68.949 |
13:25:14 | 90,00 | 0 | 68.649 |
12:56:28 | 90,00 | 5.000 | 68.649 |
12:40:46 | 91,30 | 2.500 | 63.649 |
12:35:41 | 95,00 | 0 | 61.149 |
12:31:51 | 95,00 | 1.927 | 61.149 |
12:18:06 | 95,00 | 5.000 | 59.222 |
11:51:00 | 90,25 | 750 | 54.222 |
11:41:08 | 90,25 | 428 | 53.472 |
11:40:39 | 93,00 | 6.000 | 53.044 |
11:36:22 | 91,00 | 0 | 47.044 |
11:06:12 | 91,00 | 5.459 | 47.044 |
11:05:32 | 86,00 | 20.000 | 41.585 |
11:05:20 | 88,00 | 0 | 21.585 |
10:17:18 | 88,00 | 2.247 | 21.585 |
10:11:54 | 88,00 | 1.000 | 19.338 |
10:03:42 | 88,00 | 2.272 | 18.338 |
09:55:19 | 88,00 | 1.500 | 16.066 |
09:48:36 | 85,00 | 0 | 14.566 |
09:43:27 | 85,00 | 4.635 | 14.566 |
09:42:47 | 85,00 | 2.000 | 9.931 |
09:35:46 | 84,50 | 0 | 7.931 |
09:32:16 | 84,50 | 2.000 | 7.931 |
09:31:22 | 85,00 | 2.231 | 5.931 |
09:09:48 | 83,00 | 300 | 3.700 |
09:09:35 | 83,00 | 1.000 | 3.400 |
09:09:06 | 83,00 | 2.400 | 2.400 |
09:00:12 | 80,50 | 0 | 0 |
Oder seid ihr desinteressiert und gelangweilt und könnt nur noch auf
eingefahrene Swiss/Canada Stocks abgehen, die von Börsenbriefen mißbraucht werden?
beeindruckende Preformance, heute schon über 1€ !
Endlich wiedermal ein Vernünftiger Thread bei den Hot Stocks!
Noch niemand mit on board?
Jetzt bei
0,95 GBP / ungefähr 1,19 EUR
siehts schon ganz nett aus.
Ich werd den Wert auf jeden Fall weiter im Auge behalten und auch versuchen, den Thread hier aufrecht zu halten.
Vielleicht wird der Teil des Forum ja wieder interessanter für einen Großteil der User.
Habe das Budget schon aufgebraucht womit ich an der Börse spielen "darf",
werde aber bestimmt demnächst wieder was flüssig haben, dann komme ich nochmal auf den Thread zurück ,-)
Mir geht es hier für mich einerseits darum, aktuelle Informationen im Blick zu haben.
Andererseits suche ich die Diskussion, um evtl. Risiken abwägen zu können und somit vor Fehlentscheidungen gewappnet zu sein.
Schönen Feierabend, ich darf mir jetzt noch ein kleines Meeting gefallen lassen.
Die Kursfeststellung an der "toten" Börse Berlin können wir wohl getrost vergessen.
Industry Sector
Oil & Gas - Services
Plexus, the AIM quoted oil and gas engineering services business, has signed its first Middle Eastern contract with Dubai Petroleum Establishment.
The move will see Plexus supply its proprietary Pos-Grip wellhead and mudline suspension systems for use in the Arabian Gulf. The contract is still subject to completion of relevant terms.
Plexus said the agreement underpinned its strategy of accelerating the roll out of its Pos-Grip technology into new geographic areas as a superior alternative to current wellhead technology across all pressure spectrums.
The immediate value of the contract is circa £125,000, plus service charges with revenues starting in July 2008.
Chief executive Ben van Bilderbeek said the contract win was pivotal for Plexus as it gains its first foothold in the Middle East.
Tuesday, June 17, 2008
Relevant Companies
For more Company information and share price data click below:
Plexus Holdings plc
Description
Plexus is an AIM listed oil and gas engineering and service business based in Aberdeen. Plexus, has developed and patented a method of engineering for oil and gas field wellheads and connectors, named POS-GRIP(TM), which involves deforming one tubular member against another to effect gripping and sealing.
URL
http://www.posgrip.com/
Chairman
Robert Adair
CEO
Bernard van Bilderbeek
FD
Graham Stevens
dass Plexus dort unten Fuß fassen kann, dann werden wir noch einiges erwarten können.
http://www.nickles.com/ntm/extra.asp?article=NTM2008_L90000.html
Plexus Holdings To Supply Proprietary POS-GRIP Wellhead Systems To North Sea Explorer
Plexus Holdings PLC, an oil and gas engineering services business, has further strengthened its market position in the North Sea region having signed an agreement with Swedish oil and gas company, Lundin Petroleum AB, to supply its proprietary POS-GRIP wellhead systems and mudline suspension.
The potential value of the contract, which is subject to completion of relevant terms, is estimated at 500,000 British pounds, with revenues commencing in the first quarter of 2009.
Plexus will provide Lundin with its standard proprietary 15,000 psi, high pressure/high temperature (HP/HT) 18.75-inch single stack surface wellhead system for an exploration well being drilled in the Norwegian North Sea. This rental agreement marks the first working relationship between the two companies, which the directors are hopeful can be strengthened in the future.
Plexus CEO Ben van Bilderbeek said, "We have built a strong presence in the North Sea, with an increasing number of leading international oil and gas companies now using our systems. Recent press speculation indicates that the rising oil price could spark a second North Sea exploration boom, with companies investing in technology to extract previously inaccessible reserves.
"As a main supplier of exploration wellhead technology in the North Sea, this bodes well for Plexus's future prospects in the region. With ever more extreme and technically challenging operational environments being ventured into, the need for innovative and technically superior equipment will continue to grow, presenting Plexus with a wealth of future growth opportunities."
Plexus is an established oil and gas engineering and services business based in Aberdeen, with an office in London and a presence in Houston, Texas. It has developed and patented a method of engineering for oil and gas field wellheads and connectors, POS-GRIP, which involves deforming one tubular member against another to effect gripping and sealing. POS-GRIP wellhead systems have to date been used or selected to be used in more than 130 oil and gas wells by a number of international companies.
The company plans to accelerate the rollout of POS-GRIP technology as a superior alternative to current wellhead technology. It has particular advantages in HP/HT and X-HP-HT oil and gas environments for which there is increasing demand throughout the world. The company's long-term goal is to develop POS-GRIP technology as the future industry standard for wellhead design. This objective includes the distribution of POS-GRIP technology through licensees to maximize market penetration.
http://www.energycurrent.com/index.php?id=2&storyid=11683
7/8/2008 11:16:33 AM GMT
ABERDEEN, SCOTLAND: Plexus Holdings signed an agreement with Swedish oil and gas company Lundin Petroleum AB to supply its proprietary POS-GRIP wellhead systems and mudline suspension. The potential value of the contract, which is subject to completion of relevant terms, is estimated at US$1 million, with revenues commencing in the first quarter of 2009.
Plexus will provide Lundin with its standard, proprietary, 15,000-psi, High Pressure/High Temperature (HP/HT) 18.75 inch single stack surface wellhead system for use with an 18-3/4-inch 15,000-psi blow out preventer, for an exploration well being drilled in the Norwegian North Sea. The rental agreement marks the first working relationship between the two companies.