Plexus Holdings (AIM:POS) – now that’s what we call an AGM statement!
The AIM quoted oil and gas engineering services business has delivered it’s now customary extensive AGM statement offering a wonderful assessment of the oil and gas market and its own position in the firmament. It’s really worth a read and we can offer a few extracts below!
?Plexus has developed, commercialised and established its proprietary POS-GRIP® technology in the niche few hundred million dollar jack-up exploration rental market. They are only now seriously beginning to address the far larger subsea and volume surface production multi-billion dollar wellhead markets. Industry regulation and testing standards, following the widely publicised VW scandal are coming under significant scrutiny and a recent BlackRock Investment Institute climate change note stated that they “expect regulators to pay closer attention to standards and enforcement”. Good news for POS! The range of new product and technology initiatives were most importantly led by the launch of the…