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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.

chrissie - 08 Sep 2005 20:58 - 648 of 890

I booked a holiday to the Bahamas today for next year....confident or what? Right pineapples...no problem! But can we make it a 2p party please?

iturama - 09 Sep 2005 07:55 - 649 of 890

2p party it is then.

stockdog - 09 Sep 2005 09:09 - 650 of 890

How many sausages do you think I should get?

iturama - 09 Sep 2005 09:39 - 651 of 890

About 50,000 should do it.

stockdog - 09 Sep 2005 12:54 - 652 of 890

Wilco! Mustard? French or English, or maybe a little spicy salsa?

chrissie - 09 Sep 2005 13:08 - 653 of 890

mmmm.... How does that song go?..... "I didn't know I loved you, till I saw your sausage roll.".

stockdog - 09 Sep 2005 18:50 - 654 of 890

chrissie - I hope Bosley doesn't catch you talking to me like that, he might take his drumstick to me!

The Owl - 09 Sep 2005 20:16 - 655 of 890

Oh no, what have we started - honestly! :-)

Still no MOI in this week's IC - guess they'll wait for results. BUT Hunting is in (oil services sector). Same old story - new people, new equipment to meet demand, 45.7m rights issue to meet t/o increase from 540m-668m (2005) and non of this reflects the new work needed following Katrina.

Been a great few days, and managed a big topup today @.58- let's hope it continues...
Good weekend all.

chrissie - 09 Sep 2005 20:26 - 656 of 890

If this sp ever reaches double figures (and why shouldn't it?) then I will do a striptease at the 10p party! Mind you it had better not take too long getting there, gravity is beginning to take it's toll, though I'm good for about two or three more years.

moneyplus - 09 Sep 2005 20:55 - 657 of 890

I'm well past joining in but I'll turn up to enjoy the fun!! have a good weekend.

andysmith - 09 Sep 2005 21:01 - 658 of 890

Pleased for all of you who hung in there that it's recovering.
My stop-loss threw me out earlier in the year but judging whether to have another bite. Can it head further North before Chrissie goes South!!!
Can Bosley control the thought???

queen1 - 09 Sep 2005 23:11 - 659 of 890

I like this thread. Very good-natured, even when the sp performance over the last few months has been so appalling. No bashers unlike many of the other threads on here.

bosley - 10 Sep 2005 08:28 - 660 of 890

ding dong!!!!

The Owl - 10 Sep 2005 10:34 - 661 of 890

Queen - that's because we're a quietly confident (Chrissie's particularly confident!) & patient bunch. And why shouldn't we be. Whatever happens to the economy MOI will zoom...due to demand, demand, demand. It's a long term business of course, but a very active one for the foreseeable future...

stockdog - 10 Sep 2005 10:46 - 662 of 890

chrissie - what can I say, except that I look forward to seeing your double-top!

Oi, bos, get in the cue!

bosley - 10 Sep 2005 11:20 - 663 of 890

in it????? i'm at the front, dawg!!!

stockdog - 10 Sep 2005 11:30 - 664 of 890

Ah - I see you have!

stockdog - 10 Sep 2005 19:32 - 665 of 890

Moneyweek has the hots for Hunting this week after reporting 87% increase in profits. Its market cap is a little bigger than MOI at 337m, but it's in the same business, also with its own gas production in the GoM. This may have sparked MOI's rise the last few days in sympathy. Be ware though that they may well be an aggressive competitor for Katrina-induced business.

sd

chrissie - 12 Sep 2005 00:25 - 666 of 890

andysmith

"Can it go further north before Chrissie heads south" lol, excellent!

Thought you may have jumped back in before this. Just follow your instincts.....you've got golden balls, remember! :-)

queen1

Glad you like this thread. Are you a holder and if so are you coming to the 2p party?

bosley,

You can ring my bell anytime! :-)

queen1 - 12 Sep 2005 13:07 - 667 of 890

chrissie - yes, a (frustrated) holder and yes, 2p would be nice but with the way things are going we'll all be going south before we get there!
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