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.

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

stockdog

couldn't find your post but I did look at SEO charts over the last couple of years and I see what you mean. Would be lovely if MOI chart did the same and why wouldn't it?

chrissie, maybe it was on CFP or even on this one, sometime yesterday I seem to remember.

Yes SEO would be a good share to emulate.

eric, I don't think an MM has to acquire the holding, a holder at level 2 merely places an order on the public electronic dealing counter, or there could be brokers who are also market makers in the stock (e.g. Evolution are often MMs in the stocks they broker placings for, I believe). I'd beter stop in case bos is reading this - I don't know how much more his head can stand!

Anyway, good to be on yet another board with you - I always appreciate the side-light you throw on the situation.

SD

laudate dominum (gregson). what a cracking piece! sd, you would love it. it has certainly put my head back together. good volume again today but it's hard to get too excited as yet with this one.

All we need are overgrowth and ipublic onboard and I will feel very comfortable tucking this one away-good luck team!

There we go then, there's the drop. Not much but there it is.

Buying price hasn't changed though, can still get 0.79p.

MMs seem to have marked the bid a bit lower as mild protection from any casual dumping of stock on the new placing. To be expected, so in effect steady as she goes on modest volume. The few early sells were probably pre-planned. Now its pretty much all buys.

bos - next time I'm in B&H (5 minutes from my office if you ever need anything from there) I'll look up the Gregson piece.

Ive ditched a couple of my stocks that aren't performing ready to top up big time in this one. In these dodgy markets we're havin at the mo MOS is a safe haven, as its going to be the small stocks that have strong revenue growth rather than the stuff thats all promises and no substance that performs.

Good thinking chad. Buying trades going through at the same price as yesterday, mostly .84p with lucky blighters like andysmith picking theirs up at 0.79p. I can understand with a lady like moneyplus getting moneyminus, but what has as does to deserve it? Bid price reduced to discourage sales by those acquiring through placing probably. Oh, sd has already said that - we always say the same think except that he barks it if not yaps it, with the occasional growl for the postman.

Eric

Eric, maybe someone likes me enough for making my friends/family a little bit wealthier and for once I got a good turn and get mine for 0.79p, all through the good old Share Centre on this occasion. Only cost me 7.50 charges as well!!

I have added a few more but Eric must have very big toes! only 58000 for me so far but I plan to add when cash permits!!

Well, moneyplus, they are always saying I have put my big foot in it so my toes are probably pretty large as well and not that pretty! Super thing about buying at around 0.8p is that your cap. has multiplied by 10 when they get to the dizzy heights of 8p. Not out of the question if their formula works as well as it appears it might. Particularly like the Chinese contract which could be the precursor of many. The line of stock being sold at 0.84p is still running - anyone with level2 got any visibility of it?

Eric