Now that we all know what the prospects for MOS are i.e. damn good, thought I'd get a new thread going and just highlight MOS' attractions for any new investors.

Key highlights:

* Significant progress made, rationalisation programme almost complete

* Acquisitions integrated well

* International marketing network established

* Record order books, enquiry levels high, several new customers won

* Recent Director buys

From the Chairman's statement:

Outlook

Over the past year the management team has extended the product range, put in
place in-house manufacturing, rationalised the existing business and greatly
expanded the marketing effort, opening up significant new markets to MOS
products. Once the acquisitions have been fully integrated MOS will offer a
wider product range to a broader market and have a much reduced cost base. We
have record order books, we have attracted major new customers and we are
targeting new markets, worldwide. Overall, we have made good progress and the
outlook remains extremely positive.

Trading Update

MOS International PLC ('MOS'), the oilfield services company, announces that
trading is in line with market expectations. TURNOVER FOR THE YEAR TO 31st MARCH 2005 IS EXPECTED TO BE CIRCA 10M COMPARED WITH 1.05M IN THE YEAR TO 31st MARCH 2004.

MOS currently has an order book in excess of 7m for delivery prior to the year
end.

The recent acquisitions have integrated well, the rationalisation programme at
MOS is almost complete and that at Ansell Jones will be completed in this
financial year.

Tender and enquiry levels remain high and the Board is positive regarding the
future. Significant progress has been made and the business is well on the road
to recovery, with turnover forecast to show a further considerable increase, in
the next financial year.

On a turnover of 10million with a profit of say 1million, this company is on a P/E ratio of just 8 (market cap being around 8million at present). This company has been overlooked by the institutions and investors alike and is due a big re-rating soon IMHO. DYOR as usual.

Chad.

Take it you believe strongly in Moi as well plm2349?

It would be nice to know roughly when last years results (Mch04-Mch05) are due to be published. June or Sept ? Has anyone contacted the company recently?

gromore

Do you have any idea ? As you know last year it was September but, interims were published in December, so with a bit of luck we will have the year end results by end of June. What do you think?

Chrissie,
I have not had any confirmation from MOI on this but TDW company research forecasts the annual report for 28/09/05 and Preliminary Announcement for 30/09/05. I think they only replicate last year's date as I have never seen any of their forecasts differ from the previous year's dates. In theory it could be from June onwards. Sorry I could not be of more assistance.

The 0.79p trades are definitely BUYS. Might get just a few more tomorrow and hedge my bets on what happens on the 28th.

Introduced by ma cherie moneyplus, a very good stock picker in my eyes. Note that my pal, andysmith, is transgressing here - real cherry picker, so this must be good!

From quick look at the finances, the placing wasn't that big a deal, even compared with some recent trading volumes, so there is no particular reason to think that it will cause an overhang in the market. Will have a closer look and perhaps have an initial nibble at the cherry!

Eric

Wonder if we'll get some news about what specifically they intend to do with the funds raised by the placing. Maybe details of contracts won etc.

chrissie....

"Philip Wood, Chairman, MOS International PLC commented:

'We have concluded the rationalisation programme and integrated the acquisitions
made in 2004 and it is now important that we put in place the necessary finance
to fund our growth. We anticipate that turnover for the current financial will
exceed 15m, compared to less than 1.5m in the year to March 2004 and without
increasing our working capital it would be impossible to achieve this.

'Having completed a difficult 2004/5 we are now in a position to move forward
and to build upon the work the new management team has done to date."

it sounds like he has a target in mind ,to me. i get the impression that he is not one to sit back and admire the view.

hello eric. blimey!! you're everywhere!!moi is definately worth a look.

Eric, we'll be pleased to have you on board. Your financial and trade analysis is always valuable to anyone on these threads. Packaging is my thing which is why I feel comfortable contributing on SEO. MOS's business is not my area of knowledge at all but MOI looked a recovery stock last year however in the end I plumped for SEO. Next two on my list were HCEG followed by MOI. This year I backed MOI, helped by this thread (Chad, Chrissie and others, not forgetting Bos again!) but also an article that I read. The recovery appears to be ON and at a reasonable pace, meanwhile the sp is half that of last April. Bargain??? Eventually the market will wake up to this hidden story. Been there somewhere before me thinks!! Anyway, this last week has proved awkward, top up before 28th or not is the question but if you can get 0.79p as other more knowledgable folk on here say, it won't matter in the next 12 months. Heard that somewhere before as well!!

Eric, cherry-picking has only been recent and thank God for that, last year I had a basket of mainly rotten apples. I wanted everything I read as good, spread myself too thin, got in too late, jumped out too soon for the next good thing, you know the lessons you have to learn. I only stated this lark Feb'04. Keeping the stocks that I had researched myself and believed in rather than following the crowds and magazine tips latest thing is what actually proved to be the turning point for me. I've got rid of the rotten apples now & I'm significantly in profit, I take more time researching and I have a bloody good feeling about MOI. Only the placement has held me back but sod it, follow my instinct on this and get some more.

i agree andy. think nike!!!

Wot! bos as well! The man who brings home the bacon! Feel at home already. Well, andysmith, you learnt that particular lesson a year quicker than me; wonder whether it is fully learnt as much of the SEO spoils have gone by the wayside. But I keep on the lookout for the really small caps: from 4m, not difficult to double to 8m, particularly if you are talking about 15m turnover and 1.5m pbt. Nearest to it in my current holdings is CFP with cap. of 2m and just breaking through. Key to me is whether company has moived and is moving into positive cashflow; then the management; then the niche. So, what's the catch?

Eric

"Eccles, what are you doing here you naughty boy?"

"Duhh, 'ello , Bluebottle. I tought you might be 'ere."

You know what they say, - dogs rush in where eric and bosley dare to tread - peer pressure is becoming almost intolerable to resist any longer!

SD

Eric, Bos & SD, am I on the right thread???
Don't think there is a catch Eric, Chad's initial posting sums it up, recovery stock, new management have acquired new businesses (NIM Engineering, Ansell Jones and Patriot Crane), re-focussed their efforts and have a growing business and record order books.

I dunno! All these so-called pals sneak off here and keep all the goodies to themselves - pth as well. sd is a faithful hound and he would have told me but guess he's still in evaluation mode, plus reminiscence mode; at least he's light entertainment.

Trying to reconcile one or two things as is my wont. Comments for comment are:

(1) MoneyAM has cap at 3.97m on sp of 0.80 and 495mill shares in issue which will rise to 620m. So lower than derived above. cap. will rise to about 5m on 28th if the sp holds. No particular reason why it shouldn't as the shares have been already placed, presumably with long-term institution(s).

(2) My reading is that a profit in the year just ended may be unlikely, or small at best. The November funding was for restructuring costs and these presumably will be charged against last year's revenue. All that money has already been used up according to the last fundraising note. Last year is described as a difficult year, so I wonder if all the 7m order book did come home by end March.

(3) The good news is that the restructuring costs are out of the way; the new funding is used for current cashflow - eminently reasonable. Ansell Jones was earning 10% on 4m and it should be a reasonably cautious view that the 10% will apply. There will also be a nil tax charge. Thus there could be earnings of 1.5m or a p/e of 3.3.

(4) What does it mean for the sp? Institutions will wait to see the cash flow become positive: note that nothing has been said about when that might happen to my knowledge. Last year's results in themselves may not be that significant. What will be important is this year's trading. Likely to be a trading statement before the results as there was in December. That could be the trigger for a rise in sp; alternatively, given the small cap nature of the share, it could be driven higher by Shares or a penny share operation doing a positive pitch.

Perhaps seems strange me putting an effectively bullish analysis in print before buying but I am looking for reaction, please. Will certainly put my toe in - taking off my sock first, sd, a chore that you dogs don't have to suffer!

Eric

(3)

Good to have you on board Eric and other newcomers. Nice to see MOS attracting some more attention.

About the 3.97million market cap. Im pretty sure MoneyAM have got it wrong. Every other site I've been on have got the market cap at around 8million with 1,012,000,000 shares issued (excluding the placing).

Like you said though, there may not actually be a profit for 04-05 due to the restructuring costs, but the big thing will be the increase in turnover with the potential for future profits that that entails.

Could have sworn that this was the MOS thread - feels more like the SEO or MMG thread!!!

Happy Hunting - I also have some of these - got them last week @ .79 as a very speculative punt

Baza

I think there will be a profit for 04-05 albeit a small one. But the fact that turnover has increased from 1.5 to 10mil is the important thing. And of course the fact that they are now gearing themselves up for a big year 05-06 with turnover to exceed 15mil. They now have the cash to go for it!

EW, I have been in MOI for several months now and would agree with your appraisal of the situation. ADVFN has 1142 mill shares and market cap of 9.14million. Initially I thought there would be a profit for the year ended 05 but I now feel that this will have been ploughed back into the rapid expansion. The last fund rasing for working capital is not very huge in comparison with the anticipated turnover so there must have been a fair amount of cash available at the year end so it could still be touch and go on the profit.

blunt1910

Nothing "very speculative" about this one.

andysmith

Have you recommended MOI to friends and family yet? I have !

Thanks, chad. That cap. ties up pretty well with the interims which gives nominal share capital of 183,253 with nominal value of 0.025p or 733 mill shares. Add the 260mill issued in the autumn and thats 993mill or close to your figure. We then need to add the new shares to give a total of about 1125 mill. and a cap. of 9M. Still gives a projected p/e of 6 to March 2006. Market will need to be happy re continued growth before marking the pe above 12 perhaps or the profit % will need to be higher: OK the manufacturing side may be limited to 10% but the fees side could be coniderably higher. So it seems reasonable to look for a doubling of the sp by the time trading for the current year is confirmed, which could be July but perhaps is more likely to be September. Confirms toe in the water strategy!

Looking back to the 2003/4 finals, this is really a terrific turnaround story. Yet the sp is languishing at a fifth of that in 2001 under crap management. OK the shares in issue are much higher but this must now be worth a premium rating.

Eric