Added to YB: 2026-04-16
Pitch date: 2026-04-14
POS.L [bullish]
Plexus Holdings plc
-2.67%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Plexus Holdings plc, together with its subsidiaries, engages in the provision of wellhead equipment, related equipment, and services in the United Kingdom, the United States, Europe, and internationally.
Market Cap
GBP 5.3M
Pitch Price
GBP 0.04
Price Target
0.30 (+700%)
Dividend
N/A
EV/EBITDA
-3.52
P/E
-1.16
EV/Sales
2.39
Sector
Energy Equipment and Services
Category
value
Plexus is the nexus
POS.L: Oil/gas wellhead tech w/ proprietary metal-to-metal POS-GRIP seals. New EU methane rules (Jan 2027) + US EPA penalties ($1,500/ton 2026) favor verifiable leak-free systems. Shifted to IP-led rental model; 12 wellheads (16 by end-2026), £1.5M order book but 10 units idle. Full utilization: £20-25M rev, £7.5-11M net profit vs £5.4M mkt cap. 80+ patents, exclusive niche in HP/HT, CCS, H2 despite $5.2M SLB surface license. DCF: 25-30p/share vs 3.1p (800%+ upside). William Black estate raised stake to 5% post-FY26 warning. Catalysts: Q4 2026 new rental rev, CCS/P&A deals, M&A target.
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