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.
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.
The Owl
- 01 Jul 2005 12:40
- 513 of 890
Just spoke to IC magazine (again!) ...they say they 'hope' to cover MOI in next few weeks (having promised to include it 2 weeks ago) - best they could do and bit frustrating really.
stockdog
- 01 Jul 2005 13:38
- 514 of 890
Meanwhile SP falls further off its perch, so to speak.
The Owl
- 01 Jul 2005 14:47
- 515 of 890
SD ...at least with MOS there's a limit. Rather this than Regal @520p! Happy to let it drift before results next (yes next!) month.
ptholden
- 01 Jul 2005 14:50
- 516 of 890
Owl
100% fall is a 100% fall, no matter what the starting price.
pth
Sequestor
- 01 Jul 2005 14:53
- 517 of 890
lol
stockdog
- 01 Jul 2005 16:50
- 518 of 890
pth - don't throw logic at us on a Friday pm!
Owl - I shall merely howl at the moon (having no wings)!
The Owl
- 01 Jul 2005 17:48
- 519 of 890
ptholden - not necessarily!! Bit late for maths but here goes. Let's assume you have a total portfolio of 10k.You follow normal investment rule of max 15% in AIM (i.e. 1,500). Say you choose to buy MOS (we like risk!) and it falls by 100% i.e. 700. Then really, you've only lost 700/10000 x100% = 7% (of overall portfolio). (Assumes mix of gains, losses on remaining 8,500). That's not too bad is it?
It's far too depressing looking at each share on it's own - one has to consider the whole portfolio (& maybe other 'investments' as well) to check investment aims are being met...
bosley
- 01 Jul 2005 18:03
- 520 of 890
?
ptholden
- 01 Jul 2005 18:24
- 521 of 890
Err, you lost your marbles Owly old chap.
100% of 1500 is like 1500, so you're left with nothing. Now 50% of 1500 is 750.
The point I was making is as follows. Say you invest 1000 in RPT at 5 per share and it falls 50%, you have lost 500. If you invest 1000 in MOI at 0.045p per share and it falls 50% you have lost 500. Just because a share trades at 0.40p doesn't mean it can't get to 0.20p just as easily as a share from 5 to 2.50. That's the problem with penny shares, people like to believe a stock can go from 1p to 1.5p dead easy, but won't go from 1p to 0.5p.
hoot + hoot = three hoots?!
pth
andysmith
- 01 Jul 2005 23:04
- 522 of 890
Investors not in control of MOI sp, MOI's potential future not in control of MOI sp. Need to raise cash is in control and it is entirely possible that the sp could drop further and further as all these dilutions are dragging down the PE ratio all the time on the "assumed" increased profitability. Why would people invest now when all they can see is an sp cliff-face caused by the companies own attempts to raise cash?
Again, come on MOI, be fair to investors and do some talking.
If all is going to be rosy, todays sp is a bargain but I feel MOI need to put some meat on the bones very soon.
andysmith
- 01 Jul 2005 23:09
- 523 of 890
Having been caught out on YOO raising funds at 15p from sp >25p, folk said it was a bargain at 15p but recently it was 3p and is still not >10p.
Just posting a thought for people to digest as the last few months have apparently been bargains with MOI, only to be let down again and again or if your glass is half full you've been given better and better buying opportunities. Depends on your point of view. Difficult one this if you're still in, as I'm out I can wtach and see but I hope it all works out for holders of MOI.
bosley
- 01 Jul 2005 23:12
- 524 of 890
shows the value of research. i bought in too early thinking we were approx four to six weeks to results. far too early. should've bought now.