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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.

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.

chrissie - 25 Jun 2005 00:29 - 446 of 890

Hopefully we will get some good press over weekend. Is it true that Crown Corp results are out 30thJune?

The Owl - 25 Jun 2005 23:49 - 447 of 890

Welcome back, Chrissie! We missed you & you've missed loads of action - still probably having more fun sunning yourself on a beach somewhere! Don't worry about the SP - lots of M & T trades - some as large as 27M! sp fell on the share dilution, but is going back up fast. I'm moving funds this week to top-up for my business account - just hope it sticks around 0.53p or so. Bound to be short-term sellers after last week, however paying the spread will be costly now if people exit then try to re-enter when the real party begins (Aug-Oct IMO). Once crown (CCO)confirm their 240m, MOI should rise fast. IC should have article in next 2 weeks.

The Owl - 27 Jun 2005 08:11 - 448 of 890

Morning all. Owl eyesSun/Mon 'The Business'. Good to see Clem C. applauding '....cheap oil services companies...good old fashioned turnover etc'. Doesn't quote MOI, but worth a read nonetheless.

Sequestor - 27 Jun 2005 08:41 - 449 of 890

the kiss of death for that clown to give a tip i`m afraid.
Yorkshire Group rings a bell, among others.

The Owl - 27 Jun 2005 11:42 - 450 of 890

...checked with Backside. Current rules are only purchases/sales of 5% of company(used to be 3%), or more are notifiable...so it's unlikely we'll find out who bought (or was it sold?)that 27M last week.
Also the accounts for CCO have been audited, so auditors would be in trouble if the 240M cash for the JV was found not to be available.
MM's collecting stock again!! Probably means more news on the way.

Sequestor - 27 Jun 2005 11:48 - 451 of 890

kiss of death as I said.

The Owl - 27 Jun 2005 14:57 - 452 of 890

..fortunately, he didn't tip MOI - just oil services, & need to include turnover (most people look instead at p/e, p/b, profit etc)...hopefully not so bad then?
I've still got more to buy at 0.40p.

Sequestor - 27 Jun 2005 15:20 - 453 of 890

lol- see the rns for the recent big sells.

Sequestor - 27 Jun 2005 15:27 - 454 of 890

yeah I read it and he is still a prat.

stockdog - 27 Jun 2005 15:46 - 455 of 890

This RNS may explain a few things - perhaps now the SP can find its correct level.



RNS Number:0956O
MOS International PLC
27 June 2005


MOS International plc

("MOS" or "the Company")

Holding in Company

MOS was advised on 27 June 2005 that Elenora International Investments Limited
("Elenora") had disposed of 70,000,000 ordinary shares in the Company.

Accordingly, Elenora no longer has a notifiable interest in the share capital of
the Company.

The Owl - 27 Jun 2005 16:40 - 456 of 890

Didn't sell all 100M then - just 70M??

Sequestor - 27 Jun 2005 16:56 - 457 of 890

they aren`t interested in having 3% then.

The Owl - 27 Jun 2005 17:04 - 458 of 890

Apparently notifiable interest is 5%+ now (used to be 3%) - checked this with Bankside earlier.

Sequestor - 27 Jun 2005 17:06 - 459 of 890

oh!!!!!!!!

chrissie - 27 Jun 2005 22:16 - 460 of 890

Looks like the 6p party may be a while away, maybe we should have a 3p party, wonder when that will be? Have to say I don't really understand what's going on with the sale of 70M and sp but hanging in there, as I believe good things will happen over the next few weeks. Not long to wait now for results July/Aug.

The Owl - 27 Jun 2005 22:44 - 461 of 890

Think you're right, Chrissie - not easy being patient with this one, but that's AIM for you. Bought SEO last March 6.25p, it dropped to 3.75p then rose steeply about a year later. SP will follow earnings, and if MOS is in profit this year (and potentially next) the SP will move accordingly, even if it drops back to 0.25 in the meantime.

chrissie - 28 Jun 2005 00:35 - 462 of 890

Just can't see it dropping back much more....too much good news to come!!!

Sequestor - 28 Jun 2005 08:59 - 463 of 890

suspended????????????????????

The Owl - 28 Jun 2005 09:40 - 464 of 890

...exhausted!!
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