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.

ta wit, ta wit, ta woo!

Chrissie, you're not an owl as well are you ? :)
Seriously though, have you seen something elsewhere about preditors ? or is it a genuine question ?...there is a reason for my asking, but need to check sources (not wise otherwise!). Also the share activity over last 2 weeks has been most unusual - even for MOI. Did you notice the 3.5k buy 0.48 T trade at 4:45pm today?

Owl
Being a T trade it could have been originated either first thing this morning or in mid afternoon when it would have been below mid price and deemed a sell. Not safe to call it a buy IMHO.

But, yes strange subterranean rumblings of late - MMs feathering their nests prior to a good set of results soon to be announced maybe?

sd

SD - I know, I know.
Ticking up nicely. Struggle even to get 25k this morning ...
Now 6 MM's !!! Seymour Pierce (the House broker for MOI as I'm sure you know!) joined the fray this morning for first time in some 2 years. They were on the offer within an hour - cheek of it! ;)

The chart could be interpreted as a very approximate inverted head & shoulders with the trough at .37p and the neck line at .60p - if we break up past .60p again, we could keep on going up as far as .83 in one leg - would be nice.

Whhen are results due - I expect someone's already said, but I've lost track - sometime by 30th September I shouldn't wonder.


sd

Yes results by the end of September, someone did mention 3rd week but no confirmation of that yet.

Owl

Do you mean there have been lots of business meetings lately?

All,

These are my thoughts only...
I think a bigger company will eventually bid for MOI and PW and JF will get seats on the board. Orders must be flying in to all similar companies now and the bigger and better known the company the more contracts it will win. Lots of these bigger companies will need to expand fast in order take on more and more work and complete the orders on time. MOI is now leaner and fitter than ever, all the painful hard work has been done (redundancies etc) and the results will show that MOI has recovered and is well on it's way to becoming a very profitable company, they could now be a prime target for a takeover.

The results may not show a net profit but they will show a company stripped of dead wood and going from strength to strength!

I expect to see decent director buying after results but I'm sure their friends and family have already filled their boots!!

Chrissie - no wasn't thinking of that particularly.
Was windering (wondering even! - too much wine) if you'd heard something from another source 'bout a company who might have MOI in it's sights (clue: Makes Bread!) If you had, and hadn't seen it where I have (all very crptic eh!) then might be some truth in it. Looks like a dead alley. Enjoy your weekend... think there might be some particularly enjoyable weekends coming soon! :)

Hope so!

I was just thinking (or maybe I should say dreaming). What if when the results come out we get the net loss we are expecting but then PW goes on to say "Expected turnover for the year March2005-March2006 was expected to exceed 15mil but we can now confirm it will exceed 25mil" and maybe if there is an order for a new rig 350mil!!!!!! Now that would be a good weekend!!!

Chrissie, IMO don't think you're far off. Even the Rig order has been muted (thought it was 420m - dunno). Wasn't it on Lloyd's register in connection with JV?

Here's a question for you? How did MOI finance their increased stake in PMH from ~70% to ~80%. It's been overlooked and bugging me. Any views?
Anyway, it's supposed to be weekend. So off to do the things we're supposed to do at weekends ;-).

Not a holder, but had a look at this. Press release advises that switch of assets into PMH (presumably from parent co) means they now own 80% of a bigger pie than before. Don't know who has the rest, but their 20% is presumably now valued same as their 30% previously - hope that makes sense. No cash changed hands and that seems the key with MOI. Thier new lenders are effectively equity participators as the business is currently seen as an equity risk - and they are buying their shares at a discount. Not sure how long they will remain holders if company's prospects improve and this could influence sp. Trading outlook appears good and most of their sorting out seems to have happened, but cash position dictates for me to wait until next results.

Looking positive at level 2 this morning. Looks like a blue day.

Things are looking up. Lots of birds on this thread. Owl, partridge, Chrissie.

Mentioned as a buy in the Saturday's Daily Mail broker buys/sells column.

Slowly moving up but if this buying momentum continues and the mm's start
to get low on stock then it might take off to 0.6-0.7p

Big ticker up anytime now

Clearing a protected seller by the looks of things.

But with this support that seller could run out of
stock by tomorrow so worth holding the stock for
when it happens.

Confirm that with 5 million at .52p.

This held the price back and there is more to be cleared, 5 million
sounds a lot but with the stock at half a penny it's only 26k so i
would think the seller has more to clear tomorrow.

Thank's partridge - hadn't thought of that. Presumably if one wanted, those figures could be used to calculate PMH contribution to profits.
I guess now there are 6 MM's instead of the 5 last week, they'll all go short of stock sooner rather than later at this rate!
Chart's looking absolutely brilliant too...

Isn't it quite possible that this T trade was opened yesterday, if so it could be a buy, accounting for the rise in price, after the price was brought low to accommdate the purchaser?

It's definately a sell and it was worked through when the offer was
stuck at 0.55p this morning despite sustained buying.
Dont fret, share prices rise when large sellers get cleared so when
this seller runs out of stock the price should rise if the small support
is still there.

At one time I thought that there might be a dip in sp at time of or after results, but now I'm not so sure that people will be in a hurry to sell for a quick small profit. I think most people see this going to at least 2p in the short term, especially when it is announced that next years expected turnover (15mil) has increased substantially. I cannot wait for results and more importantly the Chairmans statement telling us what to expect in the near future!!!!!!!