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Contract win helps to rebuild market confidence following revenue setback

Oil wellhead specialist Plexus (POS:AIM) is bouncing back from a profit warning on 16 May thanks to winning its first order from Norway’s largest independent petroleum producer, Aker BP, three days later. Its share price has been very volatile this year, surging from 75p at the start of 2017 to 125p a few weeks later, before hitting a low of 60.25p upon May’s profit warning. It now trades at 72.1p.

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