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.

SD: Re City Index - recommendations good IMO, timing very off. 3/3 are below the price they recommended over last 2 years - not good sign.
Chrissie: thanks. Good news on the way (hopefully!) and good to know CCO's cash is in tact!

Relief to see that CCO are everything they're supposed to be. Cannot understand MOI hitting new lows but I feel it's only a question of time (and not much time) before we see the joint venture bringing home the bacon.

I really hope so because MOI is stumbling from one new low to the next. This much-awaited good news had better be awesome otherwise we're all going to hell in a handcart.

better bring out your dead!!!!

We'll have a much clearer picture in August/Sept when results are published. I happen to think that we will hear of contracts already won and more in the pipeline. i also believe that the outlook will be extremely positive. The board cannot understand this low sp and neither can I (even accounting for dilution). I also think we will see director buying when results are published.

I cant see the results being anything other than extremely positive, without MOS getting in trouble for misleading investors, re. board could not understand fall in sp.

fair point chad

Yes, very fair point chad.

Owl

Have you heard anything from IC ? Surely they should be doing a follow up on comments made last year. Maybe they're waiting for results or a trading update??

British Bulls have a Confirm Buy
cyril

Chrissie:
Nothing yet despite regular chasing. Think you're right re timing...so by end Sept then ;)

Anyone think that this company can turn things round? - Bought in recently thinking it was cheap and that their partnership with CCO would pay dividends. Was I foolish?

No more so than many of us!

veludo,

I'm as fed up as you are but I can definitely see these turning round in the next couple of months.

Blue today?

are you cold , chrissie?? hopefully this is the start of the run to results.

we got a mention in Shares mag today! - The sub penny stocks article

Early top up...

i dont like the new issue today. Why such a small amount? Hope they're not using it to fund day to day expenditure. We need some kind of update NOW! Might e-mail MOS and let them know how upsetting this continuous share dilution is, especially when already faced with a falling share price.

That would be a good idea Chad, if it wasn't for all the fund-raising the sp would be much higher BUT maybe without the fund-raising they couldn't expand as they desire. Difficult dilemma but still no need IMO to keep "giving away" shares at lower and lower prices giving rise to bigger dilution and inevitable fall in sp.
I am tempted to get back in at these levels but PW needs to talk to his shareholders and explain what has happened, why and what the future holds in terms of budgetted profits.

This is exactly what I complained of to PW some weeks ago and got a very shoddy response from their PR company who got facts and arithmetic wrong. Time for PW to spruce up his attention to his shareholders.

sd