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.

chrissie - will MOI be involved in additional contracts to restore order in the GoM do you know/think?

sd

Figure for rig losses is now 30, with a similar amount badly damaged or displaced. Demand for replacements and emergency repair work will mean premium rates for Patriot Mech Handling & the like.

sad reason for a good result

stockdog

Patriot are bound to be involved in recovery. As you say though, sad reason for a good result.. We will probably hear more about this when results are published.

thanks, chrissie and iturama.

When do we expect results?

sd

I have e-mailed MOS to find out. Sometime this month, I would expect, for year end 03/05. The company keeps telling us they will be in excess of 10M turnover. If Chad's guestimate of a 1m profit is realized, PE ratio will be only 4, fully diluted, so I would expect a recovery to at least 0.8p - and rising.

souds great, thanks

Year end; 31stMarch 2005, so results cannot be any later than 30thSeptember, so we will be put out of our misery soon.

Because of restructuring, net profit could be very small or slight loss, but turnover is expected to be even higher by 31stMarch 06 (in excess of 15mil) so next year this will really take off in a big way. A lot of people will be selling at 1p, I won't be! MOI sp could easily reach 10p in a couple of years....there is an awful lot of work around, order books will be full to bursting for years to come!!!!!

I actually think/hope that MOI sp could reach 2p or 3p before Christmas 2005, as institutions see the future potential of the company. As I said order books wll be full for years to come because of all the work around and MOS International is ideally placed, after restructuring and board changes, to take advantage of all the opportunities that come their way. What more could you ask for? We just need a little faith and patience.

0.61 puts me at break even after buying in at prices from .79 down to .44, so 1p would make me a very happy bunny, chrissie

I had a reply saying the finals will be out "towards the end of September".

1p would see me in profit too stockdog but I'm greedy and if these get to 5p during the next 18 months, which is not impossible) then I will be ecstactic.

chrissie - it's just the efg cycle of investing (ecstasy, fear, greed, ecstacy, fear, greed, ecstasy . . . . .) see you at Katrina's 5p party!
lol
sd

DGM interim results for the 6 months to June 2005, published today, allow an interesting comparison with MOI. MOI's full year results to March 2005 are likely to be similar, and we know orders have increased this year. While DGM has a third of the number of shares in issue for MOI (fully diluted) its share price is 20p while MOI sits at 0.4p.
Draw your own conclusion

Some healthy buys going thro this morning. Hopefully first tick up of many leading up to results.

Feels like the talk to yourself thread.
Level 2 now 3 v 1, so there could be another tick up soon. As it is Barclays are selling at 44 and buying at 42 versus a spread of 40 - 44.

itu

We are rattling now!!!

i thought that 5mil earlier was the sell of montgomerys last lot !! But maybe it was a buy, then antheer 5mil goes thru!!!

Someones getting a sniff of these!! Maybe asociated with Langbars announcement!!!

Pommy
Maybe, but probably a case of people realizing its undervalued. +20M shares traded already and a lot still to go through.

i had the same thought , pommy, when i read the langbar announcement. in an earlier announcement they mentioned the possibilty of buying something oil related and today they mention undervalued companies. wondering if it's time to get back in, if only to see chrissie again!!!!!! then again i might be putting 2 and 2 together and getting 7.

MOI have signed a tentative JV with LGB so i believe the two events ie LGB RNS could be related, they have stated they are going to invest in small co s .Also patriot should get lots of work in the gulf of mexico following the terrible KATRINA episode. Lots of damage to oil platforms and they will want them back in prouction asap.

Not a bad day.