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.

Hi Chrissie
...um...looks interesting though not enough to move the SP. (Not the news we've all been waiting for - this still to come end June).

+ PW as CEO/Chairman methinks is v.good. PW's the one who's brought costs down, provided more focus, is confident of turnover, has great connections etc
+ Paul Findlay on MOS board. Think this is good for 2 reasons. Firstly having PMHH (i.e. US representation on UK plc board) will be v.handy - should accelerate final restructure changes & provide more leads. Secondly (and this is only my view - i.e nothing specific am aware of), could prepare the way for a reverse takeover (could be an alternative to a share consolidation) - PF will probably buy shares in the near future.
+ Stewart Wild still very much around

Overall seems to be good news as provides more focus to the board, better US input, increases management ability since Mr Larkin left, and suggests they're gearing for expansion. If PW is correct (or has even understated turnover), MOS's biggest problem will be how to cope with the increased pace of orders from 3 parts of the company...quite a good problem to have. Will be reading IC's view (10th June edition covers all 1000 AIM companies).

ps Owl's still on holiday, so you're very priviledged! :)
Chrissie - your view?

Have been digging around (ever seen an Owl dig?). Hamworthy (HMY) & Sondex (SDX)results recently out - make for encouraging reading in MOS's sector. Owl does not own either. What's forgotten is despite low Market cap, MOS is supposed to be third largest supplier of lifting gear in UK. Sales brochure is certainly glossy & looks good.

The Owl

I agree with everything you said.

Thanks for your wise words and digging around, really much appreciated. Now back to your nest and enjoy the rest of your holiday.

time for the long awaited re-rating of a sub 1p share price methinks, and it would give a bit of publicity too.

I have contacted Bankside. More news to follow during the next few weeks.

Hi everyone. Had to take a long break from the markets recently. Looks like these are the cheapest prices we're gonna see MOS trading at, prospective PE of around 6 now. Im certainly going to be topping up as and when I can. Anyone sitting on a loss (me included) not to worry, as has been said, a re-rating has got to be just around the corner now. Im pretty convinced that this one is still more or less overlooked by investors and institutions alike. There's been a total lack of press coverage for a very long time and during that time the price has slowly fallen but the company's prospects have drastically improved. I think when the punters and institutions do catch on to this one the results will be dramatic.

Chad
Think you're right. Reversal pattern started developing 2 weeks ago - confirmed by movement of MM's to the buy side. It stuck for a week, but now movement again. 4/5 MM's on the buy on current spread. Max size available was 1M, then 500k last week, now could only get 375k. Slow work this, but upcoming news should be good and propel things forward ...this summer/autumn period also usually good for the sector for obvious reasons.

This was lifted from www.pinksheets.com company info for PMHH

PMHH -- Patriot Mechanical Handling, Inc.
Com

Address:
397 North Sam Houston Parkway E.
Suite 230
Houston, TX 77060
USA


Website: http://www.patriotmh.com
Phone: 281-445-4745
Fax: 281-445-9839


Business Description:
Patriot Mechanical Handling, Inc., is a provider of mechanical handling packages to the Offshore Oil Industry. PMH own, license, or formally represent the following companies: MOS Offshore, Ltd., United Kingdom, Patriot Crane, Inc., sonbeck International, Ansell Jones Cranes, Ltd, Ansell Jones Lifting Equipment and NIM Engineering, Ltd.

State of Incorporation: DE
Year of Incorporation 2005

Officers:
Paul Findlay, CEO

Fiscal Year End: March 30

Edgar Filing Status: Non EDGAR Filer

Sedar Filing Status: Non SEDAR Filer

Outstanding Shares: 28,400,000 as of 2005-05-18

Estimated Market Cap: 56.8M as of 2005-05-11 (based on Outstanding Shares as of 2005-05-18)
Authorized Shares: 28,400,000 as of 2005-05-18
Float: 4,000,000 as of 2005-05-18
Number of Shareholders of Record: 10 as of

Current Capital Change:
shs decreased by 1 for 500 split
Ex-Date:
Record Date:
Pay Date: 2005-04-20

Dividends:

Company Notes:
Formerly=Scopas Technology, Inc. until 4-05
Note=5-18-05 company is in the development stage


Transfer Agent:
Manhattan Transfer Registrar Co., Holbrook, NY 11741

Moi owns 72% of Patriot. Looks like Moi picked up a great bargain!!!!

a nice bit of news today

MOS International PLC
02 June 2005


MOS International plc

US$400,000 Equipment Order

MOS International plc, ('MOS'), the oilfield services business, announces that
it has won a further order for the supply of two twin chain hoist BOP* handling
systems from Keppel FELS, the world leader in the construction of jackup
drilling rigs. The equipment will be installed on the Ensco 108 Jackup rig being
built in Singapore for ENSCO International, as part of their fleet renewal
programme and expansion in the high specification jackup market.

The US$400,000 order is the fourth for handling equipment awarded to MOS by
Keppel FELS since April 2004.

The chain hoists units were specially developed for the client and use hydraulic
power to achieve the required proportional control and smoothness of operation.

* BOP - blow-out prevention

Philip Wood, Chairman, MOS International commented:

'We are very pleased to have secured this order as it confirms MOS's status with
both Keppel FELS and the client, Ensco, with which we first worked with over a
year ago. We are optimistic that this developing relationship will result in
further repeat business from both firms.

'Overall the business is performing well, particularly Patriot Mechanical
Handling which is seeing record enquiry levels, and we remain confident of
achieving our turnover target of 15 million for the current financial year'.

i like the last paragraph!

good news-BUT-turnover target to be reached, short of info. on any profit though, must try harder with the PR, if there is any profit?

This is fantastic news - not because of the order but because it's a REPEAT order.
What we've been missing on the PR front is news on those 4 deals won since April 2004. It's all very well winning orders BUT can they deliver?
This proves (at least with KEPEL), that they're doing it right.
As regards profit: Profit follows earnings. Last year MOS WERE profitable ($650k) EXCEPT FOR RATIONALISATION COSTS to the tune of some $930k. We also know T/O had dropped from c3m to c1.5m between 02 & 03. BUT t/o was predicted by PW to be 10M this year with an ambitious 20M for 2006. Whether or not we see 20M (which would be the highest ever if achieved!), is an open question. The fact that 10M figure seems to be being revised up to 15M along with all the other improvements means expansion...can't wait for the results for 2005, and other news we're expecting this month (e.g. on June Nexen order) EXCELLENT.

sounds better.

Good to see volume picking up on good news!!

...and max size reducing too. 1M 2weeks ago, 500k last week 345k yesterday, 153k lunch today. rigzone.com worth a look re CNOOC article & Gulf of Mexico where Patriot have repeat servicing business...

just added 1.55m+, but hasn`t shown up yet, watch out for the crash now--lol!!!!

...how on earth did you get that many?!! must have a very good broker!! CFD's perhaps?? 3rd highest by volume traded on LSE today. SP SHOULD (never know with MOS!) rise this pm. Think the news flow is only just beginning...Nexen & CNOOC deals are the biggies...hopefully something by end of month.

No Natwest Broker line on a `fill or kill`, seemed to phase them a bit tho`, but I eventually got it @0.64p after chasing them on the ` phone- fill or kill shouldn`t take the 15 mins. to confirm as this one took.
checked on VirtX too, not on there, maybe it will turn up later,

ahah, there she blows, a late entry,

...more +ve sector news. EXR (Expro) results today.
(Owl does not own Expro).

BETER AND BETTER.