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.

About 50,000 should do it.

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

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

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

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.

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.

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

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???

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.

ding dong!!!!

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...

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

Oi, bos, get in the cue!

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

Ah - I see you have!

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

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! :-)

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!

ooo chrissie , you teasing little minx!!

Well the 2p party is a looooooong way off :-(

MOI is behaving as it should ( unlike some of us! :-).

A rise from 0.39p (offer) - 0.62p (bid at one point on friday) i.e 59% rise then fall back to 0.52p consolidation isn't bad for such a (previously) disappointing share.
There's been a lot of talk about dilution, but look at John Wood Group, Hunting, Expro & Abbott (the sector leader) - they're all at it (rights issues to raise cash to satisfy demand). It gives confidence MOI didn't use the jv for the 3m order last week, also they were confident enough in their current cash position to finance this fantastic order with one of the worlds biggest shipyard's. Dalian is huge. The draw down in cash is reducing too...lots of positives to come in time imo, and lot's of follow-on opportunities once MOI can prove it's recovery - probably 2006 results if not before. Queen, I don't think 2p is far off - one large jv, and MM's could easily set the spread to 0.50-1.50p which could make 2p very reasonable. CFE & SGY have recently gone that way from similar price to MOI. Personally think it's more likely to be 2006 than 2005 though. Till then 0.40p-0.60p (resistance) range till MOI makes up it's mind whether it's actually recovered.