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MOS International: (a new thread) Oil Engineers on the turnaround (MOI)     

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.

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!!

Sequestor - 15 Jul 2005 11:53 - 549 of 890

I CAN SEE THIS THING FADING TO ZERO UNLESS SOMEONE COMES UP WITH SOME GOOD NEWS.

moneyplus - 15 Jul 2005 13:09 - 550 of 890

Anyone got a date for the promised good results?

chrissie - 15 Jul 2005 19:01 - 551 of 890

bosley

Did you think that I'd run off with Owl? As in the "Owl and the Pussy Cat" !!!

I bought a little too soon as well but you know what they say "Top pickers and bottom pickers end up as cotton pickers" .....Just watch these soar in the next few months!

bosley - 15 Jul 2005 19:04 - 552 of 890

ding dong!!! chrissie dressed as a pussycat!!!! oh my!! i feel my legs shaking......

Sequestor - 15 Jul 2005 19:16 - 553 of 890

bos-I think you definitely are lacking a good shag-Carpertright are doing some good deals.

chrissie - 17 Jul 2005 23:16 - 554 of 890

Owl

Still no mention in IC, maybe during the next couple of weeks...

chrissie - 17 Jul 2005 23:17 - 555 of 890

bos

Easy tiger!

chrissie - 18 Jul 2005 15:35 - 556 of 890

Crown Corporation's AGM next week, Mos Int should get a mention.

Sequestor - 18 Jul 2005 15:45 - 557 of 890

good point, hopefully.

bhunt1910 - 19 Jul 2005 11:28 - 558 of 890

MOS International PLC
19 July 2005


MOS INTERNATIONAL PLC

Board Changes


MOS International PLC ('MOS'), the oilfield services company, announces that,
Gerard Nicholas has been appointed a Non-executive Director of the Company, with
effect from 18th July 2005.

Gerard is a qualified accountant with a background in banking and finance. Prior
to establishing his own specialist consultancy focused on raising debt and
private equity for small and mid-sized companies, he was a senior banker with
Anglo Irish Bankcorp Plc, based in London, the Bank of Ireland and The
Investment Bank of Ireland Limited.

Educated at Trinity College, Dublin he qualified as an accountant with Price
Waterhouse & Co.

Gerard is a well-known in the small/mid-cap arena and has extensive experience
in corporate finance.

Stuart Pearson is to step down from the Board due to other commitments.


Philip Wood, Executive Chairman commented:

'I am pleased to welcome Gerry to the Board. He has extensive experience working
with smaller growing companies and will be a valuable asset to the business.

'I am sorry that Stuart no longer has the time available to allow him to remain
a Board member but he has helped us to successfully rationalise and re-focus the
Company which gives us a firm platform to build upon. The Board remains
committed to developing a substantial business.'


more...

Sequestor - 19 Jul 2005 14:32 - 559 of 890

not exactly glowing RNS`s today
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