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
- 20 Sep 2005 19:13
- 695 of 890
Blue tomorrow!
The Owl
- 20 Sep 2005 20:49
- 696 of 890
Nothing like eeking it out wrt the results!!
I'll be celebrating simply they've finally released them - regardless of what they are!! Chrissie, I think it may still be some time before you can do your striptease at 2p ... LOL! I'm probably wrong ...hope so! if we manage t/o in 8.0-9.0 range (i.e. c10m) I'll be pleased - even if there's a 1-2m loss, as they're getting good order flow.
Is that 'blue tomorrow' to do with clothes, how you're going to feel, or the MOI share price ;-)
Sausage Dog
- 21 Sep 2005 14:08
- 697 of 890
Hi, new poster on here! 6,000,000 Buy gone through earlier (32k). Somebody's confident.
The Owl
- 21 Sep 2005 17:41
- 698 of 890
Welcome aboard Sausage Dog. Good timing!
Certainly are confident - a second 6m went through at the close. Tight spread throughout. A well behaved flat day is better than shooting up again. Also with 6MM's, and increasing av. volume, there won't be much stock left from recent placings. Also MEP have only a small amount of loan left to convert.
Looking good ...
Spectrum7
- 21 Sep 2005 18:24
- 699 of 890
Big smile here :-)
The Owl
- 21 Sep 2005 19:47
- 700 of 890
Spec - now I know how you knew about my mate.
The Owl
- 21 Sep 2005 19:55
- 701 of 890
Lord Butterfingers dropping things next door. Oh No.
This time we're ready for him ;-)
chrissie
- 22 Sep 2005 03:44
- 702 of 890
Should have been blue yesterday!!!!
Results are nigh, I'm so excited I can't sleep!!! Better go on a diet could do with losing a few pounds before the 2p party!!!
The Owl
- 22 Sep 2005 20:34
- 703 of 890
Could be good ...
The Owl
- 23 Sep 2005 08:15
- 704 of 890
..results next Friday then !
chrissie
- 23 Sep 2005 20:55
- 705 of 890
Yep! Next Friday or before!!!! Along with some nice sized Director buys would be lovely and send us whizzing north. SP has been kept nce and low for them, they bought the last lot at 0.70p.
Nice weekend all!
The Owl
- 24 Sep 2005 12:24
- 706 of 890
All,
worth looking in the Other Place for weekend comments on MOI. This is a sensible board which takes time off at the weekend - unlike the other place!
Chrissie - if next door comments are vaguely right, better get your bits & pieces ready...:)
I'll be preparing cocktail sticks next week too!
chrissie
- 24 Sep 2005 22:31
- 707 of 890
Owl
I've been reading the comments next door and if things go as well as expected then forget the cocktail sticks...we'll get the caterers in!!
I actually think that we could see a sp during the next 2 years of anywhere between 5p and 10p. Patriot are winning contracts and there is so much work out there. If potential is factored in to the sp we will get to 2p in no time.
ptholden
- 24 Sep 2005 22:39
- 708 of 890
Chrissie
Haven't posted on here for a while, but it is clear that you are expecting great things from MOS both in the short and long term. Just try and bear in mind that this BB is littered with threads of disappointed investors (including myself actually).
However, I hope MOS exceeds all your expectations and if ur doing a srtip can I have an invite?
pth
chrissie
- 25 Sep 2005 05:25
- 709 of 890
ptholden
Point taken, 5p -10p is dreamland but could actually happen in around 2 years just because there is so much work around due to the many oil rigs that need replacing or repairing and new oil rigs being built in China/Asia etc. Don't really mean to ramp too much but just getting excited. At least I didn't say 5p-10p before Christmas!
And yes, of course you can come to the 2p party!!! :-))
gromore
- 25 Sep 2005 21:39
- 710 of 890
The link below to Corporate Synergy broker's "strong buy" recommendation for MOI has not been posted on this thread as far as I know.
http://timesonline.hemscott.com/servlet/HsPublic?context=timesonline&path=compfund&service=getSummaryDetails&companyid=4278
The Owl
- 25 Sep 2005 22:25
- 711 of 890
Thanks for planting that seed, Gromore :)
Abbot trades on PE 26x (IC this week), other 'peers' in 16-25x range.
gromore
- 26 Sep 2005 00:53
- 712 of 890
The timing of the broker's strong buy on 16/09/05 would suggest that CS are expecting the results to be very favourable otherwise they will have to wipe a great deal of omlette(Owl hope you don't find the egg thing offensive) from their faces.
chrissie
- 26 Sep 2005 01:49
- 713 of 890
gromore,
What are your expectations for sp these days?
Strong buy, eh? No matter how much profit I make over the next couple of weeks I am determind to keep my finger OFF the sell button. I'm going for the big bucks!!!!
The Owl
- 26 Sep 2005 07:22
- 714 of 890
Me too Chrissie. Had healthy profit on SEO, but cost 16k by selling too early. It won't happen again. I'd also like to pay tax at 10% in 2007 (one of the benefits of holding AIM shares). If I sell nowish, it'll be 40%!
Chrissie, you really are sleepless 1.49am!!