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.

Can it survive at such a silly price?

Held it for years without much hope.

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

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!

love to believe that , BUT will market makers really lift prices from fractions of a penny into real pennies?, doubt it.
Re-valuation req`d, as I have been blarting on about for ages.

Chrissie,
The more MOI ploughs money into expanding the business at this stage the sooner we are likey to see large profits. Without any investment we would see a good profit for last year in percentage terms but little prospect of rapid growth. I think the current dip in the price is more to do with the mms allowing their mates, institutional investors, to get their ducks in a row before they jack up the price to reflect MOI's true worth. It will become much more apparent what the potential for MOi is after the results when we see the gross profit margins involved in the constituant companies and their proportion of the turnover. The results will hopefully be follwed by a broker's note recommending MOi as a strong buy. Your 1.5p to 2.5p prediction is very likely especially with the a broker's recommendation.

Sequestor, Consolidation is very likely given the number of shares in circulation and their lowly price. I would be very surprised if this was not announced at the next AGM.

certainly hope so-re. Consol., been begging for it for ages

cheers.

Can now buy at .61p.......below the placing price!

Whats going on here then, a little worrying???

bought a bit more today at 0.59 shows as a sell,i am not worried!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

long term buy..................................................

The Owl has bought... (show as sells as below mid-p)

+ At least one institution still recommending (L2 5 MM's - 4 ready at 0.55p so it's not all gloom!)
+ Nexen??, international links, recent Director buy
+ New Miners+oil companies need MOS-like companies
+ Director's confidence...

- Debt bit high (but for good reasons)
- Steel prices
- Overhang from recent placing+ hedge fund exposed from buy last year needs more good news to digest all these shares. Hence lowly price.
- Risk of speculating in advance of actual move. (But my view is worth taking in this case).

you missed out the biggest minus-I hold them.

...missed out lots of other pluses as well :)

does anyone know for certain when the results are going to be as it's really tempting to buy more at this kind of price!!

Bosely

No firm date set yet but 30 September deadline.

...for those of a technical disposition, interesting to see a hammer, and bullish engulfing pattern emerging yesterday afternoon on the 30min chart. A protected trade of ~3m @0.55 on a 0.55/0.60 spread was also encouraging as it suggests an institutional buy. 20 or so trades so volume increasing again. Clearly a lot of people watching even if not yet taking positions.

Sentiment towards mineral/mining companies on AIM following Regal Petroleum appears to have knocked this company rather than anything fundamental re the prospects. I'm happy with my long position & confident this will come good for the Autumn/Spring 2006 even should the share price revisit the 0.2p. mark due to the overhang following last month's placing, and people losing patience.

Bullish reasons? Firstly the reasons already publicised on this board & ADVFN second China/world commodity situation, Saudi's intentions to refurb/build rigs, publicised record order/enquiry books this year, Petrodata stats re 398 new/refurbished rigs between 2006/2011, good Chairman comments re turnover, financial press positive on the stock even though still a recovery play, the three parts of the business NIM, Ansell, Mos Offshore have all picked up contracts in the last year. The Annual report/website + analyst research suggests Mos even does work for competitors - so intellectual capital of the company, connections etc are valued. Should the worst situation happen i.e.too much debt there would appear to be plenty of companies who would come to MOS's aid - not least the big oil companies. MOS have been around since 1988. The hard restructure work + disastrous 2003 are in the background.

Still a speculative buy until more actual news June/September, but at this price an excellent relatively risk/free opportunity which has it seems been overlooked by the markets & retail investors... DYOR as usual!

Thanks for the positive comments Owl--cheers MP

No problem MP...there's more good news for the sector. (Just received this weeks Investors Chronicle).

Abbot Group had bad start to 2005 - now has a BUY recommendation.
Couple of quotes from the piece (P25): "Mr Locke is positively ebullient about international prospects describing them as 'the best we've seen for many years'...
oil majors initially slow to commit extra resources are now pouring big money into search for oil".

"[Mr Locke] concedes things may not be as bad as feared: the UK offshore Operators association forecast earlier this year that as many as 70 exploration and appraisal wells could be drilled in the UK in 2005"

Despite the 'Buy' rec. IC suggest rating for Abbott is "still high". I'm sticking with MOS.

Question is: "Are there enough companies skilled & able to meet demand for this type of work???". If 'yes' - MOS may not be best choice of all possible companies (though still not a bad one as they've proved with actual contracts this year), if 'no' they will pick up yet more work leveraging off/subcontracting to competitors. Still struggling to find the Bear in MOS so I'm sticking neck in the 'No' camp. This is very specialised work, and the management team are all well capable in this field.

Bullish day with above av. no of trades (14), below av volume. 1,252k buys vs 762k sells.

Have a good weekend all...

Remember 2 Chinese (cnooc) deals reported last Autumn? No clue from MOS yet on how these progressing (as orders due "...2005"). However, for info on market MOS find themselves in, see CNOOC link. Have also em'd for update on Nexen Petroleum. http://www.cnoocltd.com/cnoocltd/template/Template008.jsp?Wc_Id=164&Wg_Id=14 posted end April. Jim Rodgers "Hot Commodities" 2005 book worth a read...for what's really happening re oil wells etc. MOS are in all the right places.
Fact for the week: currently only 4% of chinese drive cars...