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.

I wrote to the company today complaining about the shoddy website and share dilution I received the folowing reply.

"Please find response from Michael Padley.

I have been asked to reply on behalf of the Company.

The website is currently being reviewed and is in the process of being updated. Also the subsidiaries do have their own websites.

As regards the dilution of the shares: the share issues have been to fund the acquisitions, the restructuring of the business and to fund its expansion. Turnover rose sharply last year and is expected to increase very significantly this year - this level of growth has to be funded some how and the issuing of equity has been judged to be the most cost effective way - which of course is to the benefit of shareholders.

As regards communications with the shareholders MOS issues news releases to the London Stock Exchange as often as is possible - we are limited to what can be issued by the rules of the market. This year we have made 10 announcements to date - there have also been numerous pieces of press comment across a wide spread of the media, the most recent being in the August issue of Growth Company Investor.

Regards"

Thread created for The more intelligent

https://www.moneyam.com/InvestorsRoom/posts.php?tid=8461#lastread

shares mag has printed a letter from a mos fan asking for them to shed some light on the current state of the sp. shares replies with the bog standard , we cannot comment on individual shares, but then finishes upbeat with, " however, watch out for coverage in future issues of shares". i take that to mean shares mag will be featuring moi on a more regular basis like they used to do.

Guys, lasses
I asked 4 qus to our PR friends. Answered as follows:
1. Web-site: when will it be changed. Ans: "...it is under review ..." (you'll notice Rigzone.com has had MOI details updated - they're on the case).
2. Profits: When wll a profit forecast be given? Ans: "...this is being discussed with the brokers..."
3. Results - when will they be published? Ans: "...early Sept which is earlier than usual [their words]...." (Results MUST of course be produced by 30/9).
4. Director buying - when?: "...currently difficult for Directors to buy with results due..."

They didn't comment on my jv qus, or consolidation queries...to be fair would have been hard to answer!

Remember, there have been several announcements '...to fund expansion...', '...regular orders ..all parts of business ...'etc. If it's not expansion, and t/o not c10m there will be a clear charge on the Directors - evidence would be unambiguous. AIM maybe less regulated than the main market but it is still regulated...PW has lots of exec & non-exec roles.

Still giving Directors benefit of the doubt hence 8:15am 1/2m topup (didn't show till 4:02pm!!). Position still to complete... :)

Theres a rather bizare tale in the telegraph(Sundays i believe?), about
how Crown have 371 in the Bank of Brazil.
Article can be found on advfn board, post 1820.
cyrl

Here is a link to the story in the Telegraph:
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=LHUMAZFX5LSVVQFIQMGSM54AVCBQWJVC?xml=/money/2005/08/07/ccrown07.xml&menuId=242&sSheet=/money/2005/08/08/ixcoms.html

Looking reasonably positive today. 10m traded - well above 6m average & 26 trades. Not bad. Crown ticked up to 80p too at one point before dropping back...just maybe some positive sentiment returning?

Hope this thread bursts back into life during the next few weeks. I think we might actually get above 1p around results time.

BTW - as I expect you all know, none of CCO's 350m in the Brazillian bank are available for MOI. It clearly states in the RNS that the JV will be funded by new money raised by CCO's newly acquired subsidiary (bought from newly acquired CEO Stuart pearson) Langbard Intl. So it doesn't amount to much until money is raised.

sd

stockdog

Then why did Pearson and Woods travel all the way to Brazil to meet with CCO's bankers?

Because Wood is a non-exec director of CCO (and Pearson is a non-exec of MOI) and Pearson probably wanted non-exec corroboration of the meeting. More likely Philip Wood is a) a long-term, trusted mate of Pearson's (guess) and b) an experiened S. America hand being until recently Chairman of Emerald Energy with big oil interests in Colombia. Also, the situation of the Brasilian rules for use of funds may well have ramifications for Langbar's new funds raised for MOI.

Besides, Chrissie, I didn't invent this idea - I read it in the RNS!

EDIT: Sorry - complete mind blow about Phillip Wood above. He wasn't chairman of Emerald. I am sure I've read somewhere that he was steppping down as chairman of somewhere else so he could concentrate on MOI - now which company was it? Two week's holiday and my brain is anyone's! Nonetheless, P Wood would be a good chap to have next to you when negotiating with a Brazilian Banker. I see that S Pearson, when a mergers and acquisitions chap at Accountants Baker Tilly was instrumental in MOI's float in 2002.

sd

Crown (CCO) (Jv partners with MOI), are now Langbar Capital (LGP)...
S/be results news soon. Let's hope it's good so we can have our 1p party!

Good weekend All.

Did someone mention a party? 1p party sounds good to me but if contracts that are in the pipeline come off then it could easily turn into a 2p party. If PW succeeds in pulling off everything he has planned for Mos then the share price could really take off.

I think results are being held back so that recent events can be put in PW's statement and of course directors want to buy more.

Pity about the state of the website, it could be so much better. I thought someone on here had offered their services to sort it out?

Nice to see blue today, some nice buys going through.

Could the 2m T trade at .40p possibly be a buy, commissioned 2 days ago when the price was below this level?

Party Dog

I asked the company about their website and this was their response. "The website is currently being reviewed and is in the process of being updated. Also the subsidiaries do have their own websites."

Can't see any downside with MOI except maybe dilution and that is only because Mos needs money to finance contracts already won. Not a problem as far as I'm concerned.....cheapest way to raise funds. Looking forward to results...it's been a long wait!

Have a good weekend guys...

Me too Chrissie. 400k bought this week & position almost complete. It has been a very long wait! Let's hope it's worth it. Off on hols for week of Italian sun. Won't hold breath for results which could be anytime September.

Oil stocks up today in US. Oil hit over $70 a barrel......looking good!

Cannot for the life of me understand why the share price remains so low. Plenty of work around to keep everyone busy for years to come and oil prices soaring. Lets hope the results and news of more contracts gives the share price the shove it needs to send it up up and away...