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MOS International: (a new thread) Oil Engineers on the turnaround (MOI)     

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.

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

canary9 - 12 May 2005 09:58 - 199 of 890

Can now buy at .65p, close to the placing price!

Sequestor - 12 May 2005 15:01 - 200 of 890

Can it survive at such a silly price?

Held it for years without much hope.

canary9 - 13 May 2005 11:01 - 201 of 890

Best buy price today is .67p. Are we on the way at last?!!!

chrissie - 13 May 2005 20:07 - 202 of 890

gromore

I agree with you. The Yanks are a massively patriotic lot and would choose an American listed company whenever possible. However I was hoping for a much bigger share price as we approached results publication. I see that on advfn they are asking for predictions of sp for whenever results are published, shall we do the same? I think PW will save some good news to bring out with results so my guess is 1.5p but hoping for 2.5p. I guess it depends on outlook and whether or not it has made it into profit over the past year.

Bit dissapoinyed in all the fundraising but still have every faith in this company and it's management. The fundraising is for all the right reasons and the company seems well organised and has massive potential!
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