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.
markusantonius
- 29 Jun 2005 22:51
- 493 of 890
Thanks, Owl, for your balanced perspective. Very open.
Will monitor for now, I think.......
chrissie
- 29 Jun 2005 23:44
- 494 of 890
Bosley
Yes I look exactly like that maybe a few pounds heavier (in all the right places mind!) and maybe a few years older. But you know what they say "many a fine tune played on an old fiddle"...
Back to MOI..As soon as we get good news there is always a flurry of buying so I should imagine that when the results are published and we have some director buying we will be back on track. I still think good things will happen this year and I also think that if the joint venture produces a couple of huge contracts (which is not inconceivable in this climate and with PWs contacts) then the MOI share price will go up good and proper. I presume one or two contracts were lined up before the JV was signed and should soon be in the bag. I still have every confidence in MOI but I'm glad that Stockdog and Owl are letting the directors know exactly how we all feel about the falling sp. website, etc, etc.
The next 3 months should be most telling!
The Owl
- 30 Jun 2005 09:30
- 495 of 890
ptholden
5M profits is not quite a guess. PW said turnover for y/e 2005 will be c10M.
In 2004 t/o was 1.3M, profits (1.3M) (i.e.profit of 654k less reorg costs 980k), and cost of sales 631k. So if t/o is 10M (7x 2004) and cost of sales is 4.4M (~7x2004 figure) then we 'could' see 5M profits. Know it's optimistic but possible - remember staff costs are much reduced from last year. I'm actually expecting 2-3M.
The Owl
- 30 Jun 2005 12:37
- 496 of 890
MOS International PLC
30 June 2005
MOS International plc
('MOS' or 'the Company')
Additional Listing
Following the conversion of 50,000 nominal value of convertible loan notes, MOS
has today issued 14,417,531 new ordinary shares to Montgomery Equity Partners
L.P. at 0.3468p per share.
Accordingly, application has today been made for 14,417,531 new ordinary shares
to be admitted to trading on AIM. The new ordinary shares will rank pari passu
with the existing ordinary shares of the Company and dealing in the new ordinary
shares is expected to commence on 6 July 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
stockdog
- 30 Jun 2005 12:45
- 497 of 890
That's 1.7 times as many shares as if converted at the pre-announcement price of .59p - exactly the point I made to P Wood whose PR company fobbed me off with such a disingenuous response. Very expensive money!
sd
Sequestor
- 30 Jun 2005 12:47
- 498 of 890
its bad then?
moneyplus
- 30 Jun 2005 13:10
- 499 of 890
The results had better be good with all these cheap shares swilling around--likely to hold the price down until some good news IMO
bhunt1910
- 30 Jun 2005 13:18
- 500 of 890
I am afraid I am out
Good Luck you guys
Baza
The Owl
- 30 Jun 2005 16:44
- 501 of 890
bhunt1910 - don't blame you! Test's the steeliest of nerves this one.
Best of luck with your new venture.
Chrissie - have you been in contact with our 'friends?!' Bankside recently?
Guy's/lasses, you'll be glad to know Owl's flying off for couple of months (new work). Keeping shares, and will pay occasional visits...August had better be good!
Lol.
andysmith
- 30 Jun 2005 21:24
- 502 of 890
Thank F**K my stop-loss threw me out at 0.65p.
Despite the recovery prospects for MOI, they are losing all credibility with ordinary investors with this constant cash raising at lower and lower prices.
Off my get back-in watchlist now.
Good Luck folks.
chrissie
- 30 Jun 2005 22:17
- 503 of 890
andysmith. you really are "Golden Bollocks" aren't you?
chrissie
- 30 Jun 2005 22:22
- 504 of 890
Owl
No haven't bothered with Bankside, practicing some patience . Good luck with new work, we'll miss you so do try and pop in.
andysmith
- 01 Jul 2005 07:51
- 505 of 890
Thanks Chrissie!! Are you having a pop?? Looks like I got one wrong again.
I honestly thought that this looked a good recovery stock (and probably still is) and was genuinely pissed off when my stop-loss threw me out cos the spread meant I'd have to pay more to get back in. There seems little in the way of updates on progress for patient shareholders, just more and more fundraising, dilution and a continuous drop in sp caused by MOI themselves issuing shares at lower prices. Until this has been completed with some explanation from the board together with progress I will not commit more funds to MOI.
With 4 such fund-raising exercises in a matter of months I think holders should be entitled to some information don't you?
One consolation for me is that having been thrown out, IF all becomes clear I can back in with more shares than I had in the first place for less dosh.
Come on MOI, be fair to the shareholders, urgent RNS NOW!!!
Sequestor
- 01 Jul 2005 07:54
- 506 of 890
when the pumpers and dumpers pack in its fcuked.
andysmith
- 01 Jul 2005 08:01
- 507 of 890
I don't think my limited funds make sod all difference seq, I'm not loaded like most on here, just trying to improve my wealth and value these boards to help my investments!!
Sequestor
- 01 Jul 2005 08:05
- 508 of 890
if the cap doesn`t fit don`t wear it Andy, there are half a billion of this dogs shres around, plenty have pumped and dumped on many bb`s-you know the ones the "nice" guys - very helpful--lolol!!!!!
andysmith
- 01 Jul 2005 08:11
- 509 of 890
Do you consider me a pumper-dumper? Hope not.
Sequestor
- 01 Jul 2005 08:12
- 510 of 890
certainly not- take a look on AFN and iii tho`
chrissie
- 01 Jul 2005 12:17
- 511 of 890
No Andysmith not having a pop....just envious! I'm sure MOI will come good but just thinking I could have owned twice as many...just being greedy now.
andysmith
- 01 Jul 2005 12:25
- 512 of 890
Thats OK Chrissie, didn't think you would be taking a pop and yes I now feel lucky about the stop-loss. Good Luck.