Shares digital

Plexus Holding (POS:AIM) – Interims PTP: £1.29m (£0.17m) Divi: n/a (n/a)

The company, which is gradually establishing its proprietary POS-Grip technology in the industry, saw a substantial increase in profits for 2007. In the last few years it has managed to build relationships with a number of blue chip firms including BG Group (BG.). Essentially the main advantage that POS Grip has over the traditional wellhead, is that it has no serious safety issues and, unlike the other alternative, it allows for the adjustment of the well casing. The main area of growth for the company has been in wellhead rentals but the company is looking at developing other applications for its technology. The stock was up more than 5% in response to the update to trade for around 45p.

Shares says: Definite signs of progress from Plexus.

by: Tom Sieber