Any ideas on this share?

Interesting, tipped a few weeks ago in Shares Mag I belive, worth a punt, more good news to follow.

MOS says US subsidiary receives 640,000 usd order from China's CNOOC
AFX


LONDON (AFX) - MOS International PLC said its Texas-based subsidiary Patriot Mechanical Handling Inc received a 640,000 usd order from China National Offshore Oil Corporation, the Chinese state-owned exploration and production company.

CNOOC subsidiary China Oilfield Services Ltd ordered a conductor tensioning unit and a centralised hydraulic power unit, destined for a new-build deep-water jack-up rig that COSL is building at the New Dalian shipyard in China. Delivery is scheduled for early 2005.

newsdesk@afxnews.com

ab

Clear upswing pace quickening 9.30am looks like a 6 to 8% gain by nooon.

got this one on my watchlist now. new chairman seems to know exactly what he wants. am going to wait a little before i buy . hope i get the timing right..... for once.

Just having a look at the chart for this one.
Certainly has broken the downward trend at the end of September and established new support at 0.9p or thereabouts. MAs and recent volumes look encouraging. Bollinger Bands have condensed, indicating a change in sentiment, which currently appears to be up. Although now trading at the upper band, which may conversley mean a small fall, however, the envelope will be pushed up on further strength. MACD is not particlarly conclusive, but if pushed is on the positive side. RSI appears to be at its upper level, so perhaps again not indicating much more current momentum. Quite a few conflicting signals!!

All sounds like a charting weather forecast!

So, what next. Well, IMHO, and I am no expert, I would expect a bit of sideways trading, maybe a small but insignifcant fall and then further strength. Will all go for a ball of chalk of course on the release of neg/pos news. Will be interesting to see what happens.

Regards

PTH

I bought in for the first time the other day, at 0.89 and 0.93p.

Some of my thinking, FWIW:

- Recovery story, starting to bear fruit, market should start to take note soon, initial post-downtrend spike having faded significantly. I like the 'picks and shovels' approach to the high oil price - stands good chance of working out well over the next couple of years or more.

- The rises on the chart at endJul and endSep saw a +ve divergence on MACD (and the falling resistance in MACD was broken upwards). That is, although the stock price peaks were successively lower, the MACD peaks were higher. No system is perfect, but that is something I look for to help spot a reversal of a downtrend to an uptrend.

- MOI "expects to announce more contract wins before December", according to a research report from GCI.

Also,
- HMY got a buy tip in IC today. I consider HMY to be in the same 'picks and shovels' ballpark as MOI, though perhaps more diversified. But HMY is plodding along nicely, and even the good historic rate of growth may be partly factored into the stock price (actually I think some more upside is likely), I see the recovery play at MOI as having potential for more significant gains.
- MOI and HMY mentioned in +ve light in AIM & OFEX Newsletter for October04 (back cover).

The stock could slide further before bouncing, and if it got to .7p, I'd be looking to add some more.

PTH - I feel your chart is a little misleading without the fuller picture told going back to 2001. That would show the 2003 low and the +ve reaction coming out from suspension in Dec03. There is a potential rising support from that 2003 low, through the lull in Aug04, to today's current price of 0.835p. Until there's an upmove soon, that support would not be proven, but it is a factor, IMO.



There is also a possible long-term falling resistance, looking like it comes in around 1.0p, which could affect up-moves for the short term. That's not proven yet, either, however.

The oilfield services company's unit, Patriot Mechanical Handling Inc, has won a 1.88 mln usd order from China's state-owned exploration and production company, China National Offshore Oil Corporation (CNOOC).

The order is for the supply of two marine deck cranes for their new platform within the Panyu/Huizhou gas development project.

Chief executive Stewart Wild said: 'We have tendered for further work and are optimistic that we will receive additional orders in the current financial year. Overall, the level of order intake, across the group, is encouraging.'

MOS International PLC
05 November 2004


MOS INTERNATIONAL PLC

AGM Statement

At the Annual General Meeting of the Company held today, Philip Wood, the
Chairman, made the following comments:

'Since my appointment 12 months ago, I have seen the Company make significant
progress, initially towards stability and now towards growth. The management
team has been strengthened, the business diversified to give a firm platform
on which we can rebuild and the rationalisation programme we implemented is now
substantially complete and has given the individual operations improved focus.

'The restructuring has led to a more balanced business, less dependent on the
cyclical nature of the offshore market, that is financially sound and with a
stronger and longer order book. Most importantly we have achieved stability,
are trading profitably and are now in a position to take advantage of the
opportunities that are available. We are already seeing the benefits of the
broader product portfolio, the expanded sales effort and the new operating
structure.

'Overall, the financial position of the company has improved significantly, our
order books have improved, enquiry levels remain high, a number of significant
orders are under negotiation, and we are confident of meeting our sales targets
for 2005 and 2006.

5th November 2004

For further information, please contact:

Philip Wood, Chairman, MOS International plc 01274 531862

Michael Padley/Susan Scott, Bankside Consultants 020 7444 4140

img src="http://www.moneyam.com/cache/graph.php?epic=MOI

Well that big order
---and the BUY note in Investors Chronicle today
------and the +ve AGM stmt today
stimulated some interest!

Unfortunately not all of it buying...
...there seems to be a large seller(s) unloading into attempted rises at the moment.

Eventually, they'll be gone and this puppy can make headway, though it has managed to make a little progress anyway. That possible falling resistance I mentioned (see chart in post 9 above) looks like it has been broken... It will need to hang in there for a while longer, to be sure, though. And it runs a risk of not being able to make it up through the 1p barrier, and thence sliding a little.
But with the solid and improving fundamentals (I like the bit from the AGM "a number of significant orders are under negotiation"), the omens are good.

BTW, the IC piece conculded: "MOS has a bulging pipeline of orders and is now trading profitably. Buy."

1p to buy again; any moves up from here will look that much better - after a few days consolidation. It is, for me, primarily a med-long-term play, but emergence of an uptrend is bound to tempt others to enter, hopefully helping liquidity and spread, though it may take some months.