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.
bosley
- 06 Jul 2005 15:13
- 529 of 890
finally, a bit of blue. has the run up to the results finally started?
bosley
- 11 Jul 2005 07:12
- 530 of 890
some good news for a change.
MOS International PLC
11 July 2005
11 July 2005
MOS International plc
US$1.1 million Order from PEMEX
MOS International plc, ('MOS'), the oilfield services business, announces that
its US-based subsidiary, Patriot Mechanical Handling Inc, ('PMH') has been
awarded a contract to supply 2 offshore Pedestal Cranes to PEMEX, the Mexican
state oil company.
The value of the order is in excess of US$1.1 million with delivery scheduled
for the final quarter of this year. This is the first order won by MOS in
Mexico.
The cranes are to be fitted on the PEMEX Offshore Platforms, PB-KU-M & PB-KU-S
Philip Wood, Chairman, MOS International commented:
'This order hopefully is the first of many from another new client that our US
subsidiary, Patriot Mechanical Handling, has cultivated successfully. We now are
beginning to reap the benefits of the Board's strategy of targeting new
territories and looking to broaden the Company's client base.'
'All operating companies of MOS are continuing to win orders on a regular basis.
The Board therefore is surprised at the recent fall in the share price and can
confirm that MOS is on target to meet market expectations for the year to 31
March 2006.'
stockdog
- 11 Jul 2005 08:44
- 531 of 890
'The Board therefore is surprised at the recent fall in the share price and can
confirm that MOS is on target to meet market expectations for the year to 31
March 2006.'
Great that Philip Wood has come out and said so. SP up 17% so far on solid blue with good volume - lots of 50k, 100k buys going through.
bosley
- 11 Jul 2005 11:19
- 532 of 890
seq, i think you sold a little too soon ........
stockdog
- 11 Jul 2005 12:35
- 533 of 890
Unlike me, Bos, I bought to soon - lol!
sd
bosley
- 11 Jul 2005 12:41
- 534 of 890
you and me both , sd. this thread has gone very quiet. where's the wise owl gone and the very sexy minx chrissie?
stockdog
- 11 Jul 2005 13:15
- 535 of 890
Owl is off on a job trip, I beleive for a month (?) or so - he did mention it.
Chrissie is evidently in mourning for the loss, but as soon as she understands how you feel about her she'll be back on post in no time at all, I wouldn't wonder.
sd
canary9
- 12 Jul 2005 11:09
- 536 of 890
This sp is falling back again desite the rns. Although the prospects for this company are excellent imho, the sp will continue to suffer until they stop having to issue shares at lower and lower price to fund the expansion of sales imo.
chad
- 12 Jul 2005 13:22
- 537 of 890
Falling SP is esp irritating on such small volumes- hardly justifiable of a 10% mark-down. What are the mm's up to? Im not budging though. Still have faith in the company and their long term prospects. Hopefully things will change with the results when we have some hard figures to work with as regards to turnover p/e etc.
Cheers all.
stockdog
- 12 Jul 2005 14:26
- 538 of 890
There was a 12.5m 60,000 T trade sell announced at close yesterday - that may have someting to do with today's lacklustre performance.
belisce6
- 12 Jul 2005 14:55
- 539 of 890
A Speculative BUY for MOS on this months GrowthCompany site.
stockdog
- 12 Jul 2005 15:00
- 540 of 890
BTW - forgot to mention that Jeffrey Lum of Solus Eastern Enterprise Fund writinng in MoneyWeek last week suggests investing in oil rig firms - but sadly omitted to name any before moving on to talk about steel. He says the high price of crude has yet to be factored into the sahre prices of these companies by "misguided" analysts concerned that oil rig firms will suffer from capacity constraints.
For what it's worth - we need everything we can get to keep the faith in MOI back down again today.
sd
bosley
- 12 Jul 2005 16:00
- 541 of 890
sd , it is very tempting to buy more at these prices. yesterday's rns was very reassuring, but i also agree with canary9 that this constant issuing of shares doesn't do us any favours.
(sd,we had a new solo euph come down last night, a young kid from rochdale. he was very good, nice tone. are you still practicing?)
plm2349
- 12 Jul 2005 16:14
- 542 of 890
like you guys i do not understand,i am stuck in it i paid .59 i wont buy anymore althought i feel a miracle is going to happen soon..........................................
Sequestor
- 12 Jul 2005 16:40
- 543 of 890
who drops that poxy T trade every night?
stockdog
- 12 Jul 2005 17:10
- 544 of 890
plm - I bought in at .79, .60 and .44 - averaging .60p, so I too am hoping for the miracle. I have enough not to want to risk more on the downside. The 12.5m and another 5m tonight T trades suggests there is someone determined to offload a large amount of stock. The SP will not reach its "natural" level until after this has cleared (cf. DGT) IMHO.
I still keep the faith.
sd
The Owl
- 12 Jul 2005 21:12
- 545 of 890
A rare fly past! Should go away more often...looks like she's stirring (MOI I mean!). Is that 147 trades I see? ...a month or so to go. Worth the wait IMO. Hoot.
bosley
- 12 Jul 2005 22:59
- 546 of 890
sd, there always seems to be someone in the wings offloaded lots of stock. same thing was happening a few weeks ago. i guess we will have to wait for the rns saying mr.x has no further interest in moi!!
Madison
- 13 Jul 2005 17:28
- 547 of 890
No big sell tonight. Let's hope that's a good sign...
Cheers, Madison
Sequestor
- 13 Jul 2005 17:59
- 548 of 890
phew!!