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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.

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!!

bosley - 29 Jun 2005 15:23 - 474 of 890

wondering if this is one of those shares that takes a dive before going on a flyer upto good news/results?

Sequestor - 29 Jun 2005 15:50 - 475 of 890

TN_MEvicundies.jpg


not all of them bos`
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