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.

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

some hefty buys going through today. are those yours , sd?

bosley

As you say some hefty buys going through. I do wonder why there is no movement at all in the sp.

bosley - I wish! only one of them is mine. But I do admire the particular shade of blue that the steady stream of buys is wearing today - very heartlifting.

chrissie - see my long, boring post on SEO for an attempt at explaining why buys visible to us mortals on Level 1 do not necessarily shift the SP, but I'm warning you, it made bosley's head hurt!

SD

Great to see SD on board. As you will have seen from his post, his research is first class - in fact he has made the same mistake as me regarding the cap., basically because the moneyAM figures are incorrect. If you look at the accounts you will see the Called up Equity Share Capital was 183,253 at 30th September or 733m shares at 0.025p face value. Add the November issue and you have around 1000m shares; add the placing tomorrow and you have 1125m and a cap. of 9m. The report from advtn that there would be a consolidation, probably on a 40 for 1 basis seem credible and tends to appeal to bigger investors.

Delighted to see that the arrival of sd and myself has brought in a wave of buying! lol! All at 0.84p as well. Having therefore put the toe in, I have now put both feet in - I do tend to put my foot in, always sucked my big toe as a wee boy - and bought up to an average weight holding at 0.82p. You would have thought that the weight of buying would move the share as the volumes aren't peanuts.

Eric

And the 0.79p trades are actually BUYS. Mine were all at 0.79p.

Since 13 april 112m shares have changed hands (mostly buys @ .79 and .84).
This represents over 10% of the share cap. yet no sp movement.

Any suggestions?

After we assess the situation tomorrow with the placing I'll be increasing my holding significantly whenever I can afford it, I was holding out for the prospect of the chance to buy a bit cheaper, but whatever happens this is my no.1 stock at the moment in terms of potential.

About the absence of SP movement. I think the MM's are holding it back in anticipation of the placing. I cant see any other reason. Thoughts anyone?

Sorry everyone - it seems more thatn one website has the wrong sahre cap marked. I accept Chad and Eric's (BTW do you still do those pub songs?) figures.

I imagine the source of the 112m buys is the November placing (trades representing about 43% of the total 260m placed). Whilst this remains a ready supply to meet demand the SP will remain where it is.
The November placees paid 0.5p and can now get north of .75p, and may have replaced their holdings at 0.62p from the new placing listing tomorrow.

Nonetheless the steady stream of buyers at 100k to 1m a pop will at some stage exhaust this supply which stands at 148m remaining (notionally). Will 0.62p placees want to sell for a quick buck at 0.75p+? - less so I think. Besides, the supply may stop after selling only 125.2m of the November shares, since that is the number of new ones available in the market from tomorrow to replace them with.

When the supply stops, the SP will rise, Dogfucius he say.

Sorry you've lost your grip, Paul - dogfucius has that effect on people: not only speechless but wordless! Isn't it called Zen and related to Nirvana?

We mere humans do not have the same perspicacity and may be confuciused! each of the placings was completed. Is the suggestion that a broker or MM has acquired a holding which is then being offered with the buys being reported as trades? Is this then apparent at Level 2: in particular, how much of the line is left? Why should people buy a 0.84p line when they can buy decent volumes in the market at up to 6% lower?

The positive thing, anyway, is that there has been significant on-going demand and presumably there is no reason this will stop. Volume has been some 250mill in April alone: presumably mostly buys? There may be resistance at the November level of 0.95p; but after that there is nothing to speak of until 1.68p. So, MOI, keep the newsflow going!

Eric