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.

Very Very tempting Bos to top-up on this one, plenty of buys at what is in effect 33% above the placement price at the end of April.
I have a very good feeling about this one.

Does anyone know when the next AGM is due?

after the next accounts - when are they? July/August? - so AGM October/November - must be roughly 12 months from last one which was 5th November 2004.

Some on advfn are saying there may be consolidation after the next AGM.

never been on advfn but , from what i have been told, it's difficult to distinguish fact from fiction there.

consolidation doesn't change anything, except administrative ease of dealing with the decimal place which may admittedly have some minor effect on sentiment, alongs the lines that it is a more grown-up/reliable stock, rather than one that has sunk beneath an assumed minimum xp placing price.

Bosley, Most people know the facts . It's how you read the story that counts.

Nice buying again today. Outnumbers sells 15:1.

too true , gromore, too true. volume good again , chad. also , it stayed green , no red. for today thats got to be a good sign as every bleeding thing else was red.

Hi Bos - shouldn't that have read ".. and everything else was bleeding red" - sorry - just a play on words to brighten up my evening
baza

Chad et al - tell me this: how can the buys outnumber the sells 15:1 without the SP moving an inch?

Perhpas, 'cos there was a lot of willing sellers amongst the MMs at the price. In absence of willing buyers, those MM sellers might have pushed the price down to offload.

Now thats an interesting comment stockdog- cos I bought 500,000 @.79 - some of which got reported as a sell. Have I been suckered in ??

Baza

Not necessarily - it's always true that the price is the price at which there are willing buyers and sellers. I don't know enough to divine what's going on. Maybe someone with level 2 can say what's going on beween buyers and sellers.

Fortune favours the brave, although I'd like to see if any kind of bottom to the fall is discernible over the next couple of days before buying in too heavily. However, given that MOI remained unchanged today, perhaps that in itself is sufficient sign of resilience.

SD

.79 sounds good to me! Maybe we'll receive a rns later on this morning.

Hi, New kid on the block. havent a clue as very new to the game.
i did buy 124,063 this morning but it seems to have come up as a buy.

sorry i mean a sell

It's all down to the quoted spread treikiman. In reality the actual spread is generally less than displayed, so when a buy (or sell) goes through, the MoneyAM algorithm decides which it is. In your case you dealt within the 0.75-0.85 at 0.79, so it shows as a sell. if you had dealt at 0.80 it would have been displayed as unknown. A very good reason why you cannot trust the Trades vis-a-vis buys and sells. The picture is often distorted and can also occur when late trades are reported.

PTH

treikiman,

As ptholden says the trades page is derived information - please see the disclaimer belwo from the Trades page which should explain it for you:

Disclaimer

All analysis on this trades page is intended only as a guide and its accuracy is not guaranteed. It should not be used for investment purposes.

It should be noted that all trade declarations made by the market do not include a buy or sell indicator and therefore we have to derive this information ourselves. The policy we have adopted is based on the mid price of the stock at the time of the declaration. For example, a trade declared at a price that is higher than the mid price at the time of declaration would be put in the buy column, a trade lower than the mid price would be put in the sell column. A trade which matches the mid price would be considered unknown. Please also note that the market can delay declaration of the trades for up to an hour in which case we will not make any assumptions and place that trade in the 'unknown' column. Please also note that many investors are able to buy and sell within the spread and also users of level 2 systems will actually be buying at the perceived sell price, these trades might therefore appear to be wrongly categorised.

Couldn't have said it better myself Ian! And I probably didn't!!