chad
- 12 Apr 2005 16:42
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.
ptholden
- 03 May 2005 22:39
- 179 of 890
Andy
Judging from this board and across the road, there does seem to be anawful lot of shares in circulation, apparently 1100 million, quite a lot for a small company. I guess it will take a significant quantity of purchases before the SP shifts. Only thing that puts me off to be honest. I researched MOI independantly of all BBs and added to my watchlist before even looking at BB threads.
PTH
EWRobson
- 03 May 2005 22:52
- 180 of 890
Shares are denominated at 0.025p so there is room for consolidation, probably on a 1 for 40 basis at some stage, evidently rumoured. In the end of the day, the cap. is the name of the game and at 8.8m this is very low given the expectations for growth in turnover and profit levels. It seems that the market is taking a very short-term view on a lot of shares and is probably not looking beyond last year's results at present. Just been commenting on the very positive news flowing out of ITR (interregnum) and, while the price has moved forward, it is in no way reflecting the value of the last two news items.
Eric
chrissie
- 06 May 2005 00:33
- 181 of 890
I have been trying to find out when the results will be published as I do not think this sp will move up significantly until we get news or results. The question is, will it be in a couple of months ie approx June or a few months approx Sept? I haven't managed to find out a thing, I wonder if someone else could try contacting P Woods or Seymout Pierce. I know they can't tell us exactly but a rough idea would help. I know last year was Sept but they managed to get the interims out in 3 months in Dec so I am really hoping it's June. I know I keep going on about this.
bosley
- 06 May 2005 08:01
- 182 of 890
i was hoping for sooner rather than later, chrissie. but as long as the results show good progress i dont mind when they are released. i do agree with you that the price wont move without news/results.
chad
- 06 May 2005 13:49
- 183 of 890
Yea, I agree. Still, good side is we've got plenty of time to add at cheap prices.
EWRobson
- 06 May 2005 20:03
- 184 of 890
chrissie: if they got the interims out in Decemeber, then it is likely they will get the prlims out by end of June or certainly July. A year ago they were struggling with a pretty serious situation and had much reorganisation in hand and there was probably no point in trying to get the figures out quickly anyway. They have now set a standard, they are clearly very aware of the needs of their shareholders, being quick with announcements re contracts, etc. I have previously stated the view, in fact I have gone on about it too, that the trading statment for Q1 will be more important: reasonable to expect that in July. I would also be surprised if thatere wasn't news in the interim re contracts won, etc.
Eric
chrissie
- 06 May 2005 21:46
- 185 of 890
Thanks EWR, I really do think that tesults will be published on 30thJune .....And they WILL be good and show the future potential of MOS International!
chrissie
- 07 May 2005 15:25
- 186 of 890
canary9
- 09 May 2005 08:34
- 187 of 890
Can confirm that buys this morning are indeed buys at .71p.
canary9
- 09 May 2005 08:46
- 188 of 890
They now show as sells, but I can still confirm that they were indeed buys! The MMs are playing games. Is someone still trying to place shares at much higher prices by showing 0.7p - 0.8p?
bosley
- 11 May 2005 07:05
- 189 of 890
MOS International PLC
11 May 2005
MOS International plc
PMH lists on OTC
MOS International plc, ('MOS' or 'the Company'), the oilfield services business,
announces that its subsidiary, Patriot Mechanical Handling Inc ('PMH'), based in
Houston, Texas, is to list on the Over The Counter Bulletin Board ('OTCBB') in
New York.
This was effected by the company reversing into a 'shell' corporation.
MOS International plc will own approximately 72% of the OTCBB quoted entity.
Although this will reduce as and when further capital is raised to fund the
expansion of PMH, MOS will continue to have a controlling interest in PMH for
the foreseeable future.
Philip Wood, Chairman, MOS International plc commented:
'Having an American-listed subsidiary will significantly increase the profile of
PMH in the US market which will help us to capitalise on the current high level
of activity in the oil services sector.
'Gaining a separate quote for PMH is a small but important step in our strategy
to develop the US business and as well as increasing PMH's profile it will also
give MOS access to an additional source of funding that will enable PMH to take
advantage of the opportunities that are available.'
11th May 2005
andysmith
- 11 May 2005 13:28
- 190 of 890
Hope the enthusiasm hasn't disappeared from MOI, one to hold ready for trading reports which should confirm the progress being made with hopefully a response in the sp.
stockdog
- 11 May 2005 16:00
- 191 of 890
Raising money for US expansion vai Patriot is cetainly a less dilutive issue for holders of MOI plus the enhanced profile, although I woould have wished it was a slightly better markt that the OTCBB - any views on that particualr exchange?
SP holding pretty steady after the onslaught of the last two weeks - looking for a ride up ono good news, as you say.
sd
ptholden
- 11 May 2005 16:45
- 192 of 890
bosley
- 11 May 2005 18:15
- 193 of 890
sd,don't know much about otcbb. i do seem to remember an article that wasn't very complimantary about it, but i may be getting my wires crossed. i was hoping someone more knowledgable would enlighten us all as to wether this is good news or not.
stockdog
- 11 May 2005 19:13
- 194 of 890
bos, that was my concern in the back of my mind, but don't know much either.
sd
gromore
- 11 May 2005 21:51
- 195 of 890
The main issue is not the quality the OTCBB but the increased likleyhood of of US contracts for a US based company and how much MOI will raise by floating 28% of PMH. Much more than they paid for it. Very smart manoeuvre by the board.
EWRobson
- 11 May 2005 23:12
- 196 of 890
Helpful comment, gromore. Just what I was thinking! Eric
bosley
- 12 May 2005 08:45
- 197 of 890
hope you are right gromore . it hasn't done the share price much good though.
EWRobson
- 12 May 2005 09:09
- 198 of 890
bos, have to be patient on this one, I think. May not be in your character - although you did exhibit a degree of it in sticking with SEO through the hard days. May need to wait for Q1 trading statement unless there is an earlier contract to announce.
Eric