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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.

iturama - 23 Jun 2005 12:36 - 426 of 890

Break out

Sequestor - 23 Jun 2005 12:44 - 427 of 890

what the f^&* is that sell---27m?????????

iturama - 23 Jun 2005 12:57 - 428 of 890

Its an interdealer trade. No consequence. Noteable that Evo, which has been shorting the stocks for weeks, is now on the bid.

driver - 23 Jun 2005 12:57 - 429 of 890

Sorry that was me, 12% will do for today any way I didn't know plm2349 was on here see you later.

The Owl - 23 Jun 2005 13:00 - 430 of 890

Smallest Owl deal ever!!! 53 GBP.

Sequestor - 23 Jun 2005 13:03 - 431 of 890

iturama
aye- doesn`t seem to have spooked the horses anyway,

stockdog - 23 Jun 2005 13:09 - 432 of 890

I guess the 2m and 27.5m sells will take a bit of digesting before the price moves up again. Wonder who the seller is?

sd

driver - 23 Jun 2005 13:15 - 433 of 890

stockdog
See post 428

Sequestor - 23 Jun 2005 13:56 - 434 of 890

i can feel another multi-million sell overhanging this SP,come on whoever it is reveal yourself!!!!!!!!

The Owl - 23 Jun 2005 14:29 - 435 of 890

Seq..surely a sensibly paced rise is better isn't it? 13-17% is pretty good for a stock knocked off it's perch?

Sequestor - 23 Jun 2005 16:00 - 436 of 890

50p bid at last- yep Owl, but there is something strange about the trades, not grumbling , just wondering.

driver - 23 Jun 2005 16:10 - 437 of 890

I did tell you earlier

Sequestor - 24 Jun 2005 13:22 - 438 of 890

slow day

The Owl - 24 Jun 2005 13:47 - 439 of 890

It's a good sign - presumably the JV is a prelude to 'something' so people are reluctant to sell. Personally think they'd be mad to until the Aug results, and order updates are out...
If 04 results are in profit & t/over were to exceed the 'c10m', MOS will be one not to miss...

Madison - 24 Jun 2005 15:13 - 440 of 890

Why are the individual trade values so low on this share?

I bought what I thought was an extremely modest 300,000 shares on Monday and it cost me 1,400. Normally when I do that I'm used to seeing my trade completely dwarfed by the size of those around. But many of the trades seem to be very tiny in cash value. Why is that?

Cheers, Madison

stockdog - 24 Jun 2005 15:26 - 441 of 890

Small SP in small companies attract small shareholders (like me)??

stockdog - 24 Jun 2005 15:43 - 442 of 890

Must say, I do like the colour blue. Nice steady buying all day with a few sells into strength, each for their own reason. Very happy to have caught the 0.4393 low to top up on Monday.

Looks like we'll end the day on strength which bodes well for next week.

sd

Sequestor - 24 Jun 2005 16:25 - 443 of 890

its an odd illusion that some people have , buy a few thousand shares for a hundred quid, and they think that if it goes up that will be translated into
huge profits, and odd human predicament; also the feeling that you are somehow rich buy holding a half million shares , happens a lot with penny dreadfuls.
I have said for years it needs a re-shuffle to get rid of the "tinies", more sophisticated buyers are more likely to buy at 55p rather than 100th. of that,
probably another illusion but true- bit like the full moon at present I guess.

Sequestor - 24 Jun 2005 16:39 - 444 of 890

am I dreaming or did I read that there was a tranche of 40m shares issued some weeks back, which had to be absorbed, diluted or whatever, are these last minute T sells part of that???????????-whatever it is they are a real pain and fcuk the price up every day with their overhanging black cloud.

chrissie - 25 Jun 2005 00:27 - 445 of 890

Hoot Hoot Owl!

I've been on hols for a couple of weeks and was pleasantly surprised when I returned yesterday to read RNS although can't really understand why sp is still so low after all recent activity . Thanks for letting me know about IC (sounds promising).

Very pleased about the hampster and even more pleased about recent news from Mos. The JV is excellent news and just what Moi needs to move onwards and upwards. Topped up yesterday. Still looking forward to the 6p party, I wonder when that will be?

Stockdog

Excellent email to Mos, it let them know exactly how we were feeling and will probably make them realise that they need to look at their PR.
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