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.
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!!
bhunt1910
- 28 Jun 2005 09:43
- 465 of 890
Seq - whats been suspended ??
B
bosley
- 28 Jun 2005 09:49
- 466 of 890
there's been no news of suspension . i just think it's very light volume!!!!! ( got a few like that on my watchlist)
Sequestor
- 28 Jun 2005 10:13
- 467 of 890
only kidding,don`t panic Pikey
queen1
- 28 Jun 2005 22:50
- 468 of 890
That was hugely funny Sequestor. No really. Hilarious.
Sequestor
- 29 Jun 2005 11:27
- 469 of 890
belief is suspended
queen1
- 29 Jun 2005 13:53
- 470 of 890
That I can understand.
markusantonius
- 29 Jun 2005 14:02
- 471 of 890
Owl, I was tipped this at 0.60p which you backed up at the time! After recent unfortunate events, do you genuinely think it's worth a punt right now at these low prices?
What is your revised target: short and medium term, please?
Sequestor
- 29 Jun 2005 14:14
- 472 of 890
suspenders are believed.
bosley
- 29 Jun 2005 15:22
- 473 of 890
suspenders are sexyyyyyyy!!