Plexus Holdings PLC (AIM: POS) - another decent order shows there is life in oil equipment
The total value of the POs is estimated at £1.5m with revenues expected to commence in April 2015.
20%+ operating margins for this business so orders of this magnitude are meaningful for the bottom line!
The Group has a long standing relationship with BSP having first supplied it with Plexus’ wellhead equipment in 2006.
Management pointed out how Plexus wellhead equipment offers significant cost savings (as well compelling safety attractions), which is clearly becoming…
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