Any ideas on this share?

The oilfield services company's unit, Patriot Mechanical Handling Inc, has won a 1.88 mln usd order from China's state-owned exploration and production company, China National Offshore Oil Corporation (CNOOC).

The order is for the supply of two marine deck cranes for their new platform within the Panyu/Huizhou gas development project.

Chief executive Stewart Wild said: 'We have tendered for further work and are optimistic that we will receive additional orders in the current financial year. Overall, the level of order intake, across the group, is encouraging.'

MOS International PLC
05 November 2004


MOS INTERNATIONAL PLC

AGM Statement

At the Annual General Meeting of the Company held today, Philip Wood, the
Chairman, made the following comments:

'Since my appointment 12 months ago, I have seen the Company make significant
progress, initially towards stability and now towards growth. The management
team has been strengthened, the business diversified to give a firm platform
on which we can rebuild and the rationalisation programme we implemented is now
substantially complete and has given the individual operations improved focus.

'The restructuring has led to a more balanced business, less dependent on the
cyclical nature of the offshore market, that is financially sound and with a
stronger and longer order book. Most importantly we have achieved stability,
are trading profitably and are now in a position to take advantage of the
opportunities that are available. We are already seeing the benefits of the
broader product portfolio, the expanded sales effort and the new operating
structure.

'Overall, the financial position of the company has improved significantly, our
order books have improved, enquiry levels remain high, a number of significant
orders are under negotiation, and we are confident of meeting our sales targets
for 2005 and 2006.

5th November 2004

For further information, please contact:

Philip Wood, Chairman, MOS International plc 01274 531862

Michael Padley/Susan Scott, Bankside Consultants 020 7444 4140

img src="http://www.moneyam.com/cache/graph.php?epic=MOI

Well that big order
---and the BUY note in Investors Chronicle today
------and the +ve AGM stmt today
stimulated some interest!

Unfortunately not all of it buying...
...there seems to be a large seller(s) unloading into attempted rises at the moment.

Eventually, they'll be gone and this puppy can make headway, though it has managed to make a little progress anyway. That possible falling resistance I mentioned (see chart in post 9 above) looks like it has been broken... It will need to hang in there for a while longer, to be sure, though. And it runs a risk of not being able to make it up through the 1p barrier, and thence sliding a little.
But with the solid and improving fundamentals (I like the bit from the AGM "a number of significant orders are under negotiation"), the omens are good.

BTW, the IC piece conculded: "MOS has a bulging pipeline of orders and is now trading profitably. Buy."

1p to buy again; any moves up from here will look that much better - after a few days consolidation. It is, for me, primarily a med-long-term play, but emergence of an uptrend is bound to tempt others to enter, hopefully helping liquidity and spread, though it may take some months.