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.

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

Chrissie, first obstacle to recommending to friends/family is getting tomorrow out of the way and confirming that sp will not drift. After that I may mention to those who can afford the risk, (have recommending to one so far) and later to those who need confirmation that I may be right about MOI. Same strategy I employed with SEO last year, some made more than others but its their money and they all have different amounts of funds and attitudes to the level of risk.

Did the toe dip - before putting my socks on! 320,000 @ 0.81. Tuck them away as they are in my wife's name. andysmith: decided there was no reason for drop on 28th; its a plus that the placing is out of the way; also good to know that an institution(s) on board.

Eric

andysmith

I know, you have to be careful.

EWRobson

Do you have any sp targets in mind? I'm thinking it will hit 3p before 2006.

Im gunna be a little more conservative and say 2p before the end of 05, maybe 2.5p depending on the size of this year's turnover.

Eric, was 320,000 on CFD as it ain't showing up yet.

It has now.

Sods law, I saw mine at 0.79p and not Erics but no sooner had I typed the post Eric's appeared on the screen, delayed trade!! Nice One. Can't stretch to that, maybe in a few years time eh!

My buy showed up as a sell @.79.

Baza

Well done, andysmith and baza; is this Barclays again? I use Stocktrade on-line who poll round MMs to get the (usually) best price. Nice to have it delayed but tis hardly mega!

Chrissie, Chad re the sp. I tend to take a view as to what the cap. might be. Key unknown, accepting the 15m turnover figure for current year, is what the earnings % will be. 10% is probably cautious but company should then be on a pe of not less than 12 and could be 15. This would be a cap. around 20m and price should be approaching 2p. Taken that as a target but, realistically, we need to keep up the positive news flow. My reading is that the management team will do that, e.g. announcing new contracts, giving quarterly trading reports. So your figures could well happen.

Eric

Off topic. Have you all entered Champion Invester competition. Its Free and some good prices

Eric - yes I use BSL - they are usually quite keen on prices and only 7.50 per trade flat fee

Baza

Eric, I think MOS can be relied upon for keeping up the newsflow too. There was an article a few months back in Shares mag comparing them to another small cap, and the theme of the article was how well the company kept investors informed, MOS scored top marks.

Like the story, heard there was a party going on, so I've invited myself along with an opening contribution of a bottle of MOI '79 which I thought was a good price (showing as a sell, of course).
I use Self-Trade which always seems to get very good prices, but is a bit tedious because it logs you out if you are inactive for more than about 10 minutes and its portfolio shows the mid price after hours instead of the bid (which it shows during trading hours!).

MOI's history and chart and SP are all rather redolent of my favourite pudding CFP with a good recovery story under new management who have cleared the dead wood and re-rationalised the spread of the business. With a bull market in oil and other mining/resources, it's good to have a company that will thrive no matter who is in the ascendant as an actual producer.

Also with a run down in infra-structure over the last severeal years and the current prospect of growing demand from China and India, we are at the start of a major re-tooling cycle in the resources industries, I reckon - so the macro environment is right.

There is strong support at 0.70p for the last 7 months and a nice gentle upward trend during which it has traded sideways throgh the overbearing downtrend from the 4.25p high of Oct 01 through the 1.75p peak of Jan 04.

BTW I disagree with Chad's market cap. - wrong share (?). My websites tell me 498m shares for a total cap of 3.98m today, plus the 125.2m placing to list tomorrow.

In terms of profitability the Philp Wood has said we'll ahve to wait till 2005/06 for the benefits of the rationalisation to become apparent.

Anyway, I feel in good company, seeing all the usual names from many other threads. Good luck to all.

SD