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.

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...

Took some profit out of SEY and bought more of these Friday at 0.57p. Looks oversold to me.

You're not the only one who thinks so! Spread closed significantly towards end last week to 0.56/0.57 (displayed at 0.55/0.60), the chart sigs have turned up despite price reduction,chart showing signs of finger pattern (i.e. price rejection) on the sell - last seen August 2004.
P3 of Sunday Times Business section shows activity in the sector. I'd had a good run on SEO too, and am out of these for MOI. Could soar on a couple of good updates. Definitely buying for my SIPP as well if still at this price Thursday.

http://www.marketwatch.com/news/story.asp?guid=%7B77A02B01%2DA055%2D423B%2D9AA9%2DD97016CF6C93%7D&siteid=bigcharts&dist=

Doh! Cross trade just gone through ...buy & sell at same price. Too early fo good news. No northwards movement till have bought for SIPP on Thursday please!

why Thurs, just curious?

Best offer I could get this pm is .59p up from .57p. The first time this has moved up for weeks!

Sequestor: No particular reason - just date funds clear for investing in SIPP.

Canary9 agreed: Seems to be moving slowly. Have excellent broker. Can get 0.58p on bid, BUT whereas max size was 1m 2 days ago, max size now 500k. So bit of movement there...

In a nutshell what we have is:
$700k singapore deal (April 04): No info
$640k CNOOC subsidiary deal (Oct 04): No info
$1.28 2nd CNOOC subsid deal (Nov 04): No info
Dec 2004: Chairman comments on record orders/sales - good for 2005,. expect further deals etc etc. (these seem backed up by this weeks'Investors Chronicle re ABG). Reading Annual report PW no known for spinning, and happy to use words like disatrous 2003 so in true Yorkshire fashion tells it like it is.
3 Director purchases (Mid Jan 05)between 0.69p, 0.80p: Why - just Nexen??
20 Dec. PCOS appointed as marketing agency for Libya etc. Also discussions in Russia.
Nexen win (31 Jan 2005)- unknown value: No info (though order due June 2005)
SP fall from 0.90p Mar/April: No info
New deals? No info
Have rung the company. They can't say anything "...probably till August..." i.e. near deadline date for Accounts.

Comparing original 2001 placing doc with 2004 Accounts makes interesting reading. This stock is definitely at a discount, & heavily oversold. Not surprising if so little info comes out is it? The story looks positive, and costs +debt have been cut heavily (e.g. staff now 26 as opposed to 39 in 2001)+ getting orders from VERY big companies & also their competitors (such is the demand side). Things happening here don't look like a company about to go bust, & the team are excellent i.e. been in the business since the 80's, PW knows commodities, oil services & is well connected...etc etc. Just takes time...

FLG's (who?) price has gone from 0.65 - 1.15 in just 3 days. No reason MOS should'nt do the same on good update news. The Owl does not own FLG.
DYOR.

ah I see,

OWL
Your list of events does not seem to include the dilution ;-) As i understood it at the time of the deals re: CNOOC, they were all due for completion early 2005. The recent drop is prob due to the impending float of Patriot which was an asset in the UK MOS share holders cap that will no longer be and asset ! to UK share holders.....
The results will be intresting...when i first brought these, there were 600min shares in issue, now there is 1100min +....The company has constantly had to raise cash and the time is fast approaching where we need to see some returns IMO..

Fair point Spectrum7. Didn't want to bore everyone. My diatribe's long enough as it is! Indication from their PR guys is we'll get something in next 2 weeks or so :).

The nub of it remains from public announcements, T/o expected to be best since 2000 i.e. 10M (15 Dec 04) - 7M was already due for delivery by end Dec 2004... and this before the Jan Nexen deal. Let's be conservative...if it's anything above 5M (and costs remain same as last year - conservative again as staff now 26 not 39) then, post tax profit s/be ~ 4M. That will give a +ve EPS for first time in years. Think we'd know by now if bad news was due ... I remain in the optimistic camp... though of course with the way this one's behaved, anything could happen initially to the SP!!
Usual disclaimer - DYOR.

I'm poised to back get into MOS after bailing out at 67p on a loss from 130p in 2004. I'm no expert here, what's it about with all the massive sells in the last couple of days that haven't ticked the sp down?

The Owl>>>> How do you get in touch with Mos PR guys? I've e-mailed lately but no reply. Do you have phone no. or e-mail address specifically for PR dept?

"anything could happen initially to the SP" Do you mean up or down? Do you have any particular sp targets in mind over the next 2 or 3 months. I honestly think this will tank up on any good news but particularly when results are published. I just hope that will be June as quoted by someone on advfn who phoned the company (Jitters I think).