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.

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.

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

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!!! :-))

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

Thanks for planting that seed, Gromore :)
Abbot trades on PE 26x (IC this week), other 'peers' in 16-25x range.

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.

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!!!!

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!!

Just did some dummy trades with Barclays. Got quoted 0.55p for buy AND the same price for sell. Odd.

Indeed, squaregain quote 0.55p to buy and sell for 1 million shares
on both.

MMs obviously have at last realised their debt to society and are trading at nil spread! lollhah!!!!

sd

Still a zero spread so impossible to say if people are buying or selling to day. I guess they are buys since the MM's are quick to drop the bid after a few consecutive sells - be-kind-to-the-punter day or not!

So results tomorrow then. Regardless of how the sp performs tomorrrow I'm in this for at least another 18months (2 years in total at least). This is a good recovery stock, as I'm sure we will find out in the Chairmans statement tomorrow. I am sure it will show a positive outlook and that the company is going from strength to strength.

Good luck everyone! :-)

The results are historical and the share price reflects that. It is the future that matters, although the note doesn't really say anymore than we already know:

PROSPECTS

The Group is now much fitter and leaner than for some time and the Board and
management are confident and excited by the Company's potential. The results are
clear testament to a very tough eighteen months and I and my colleagues have
worked tirelessly throughout this very difficult period. We recognise our
shareholders have also been very patient and supportive whilst the restructuring
has been going on. The Directors remain ambitious and believe that, although
some rationalisation costs have fallen within the first six months of this
financial year, the Group is on target to increase sales and achieve
profitability in the current financial year.

The order book continues to grow, and the Board shall ensure the Group is able
to fulfil these orders by seeking improved banking facilities and if necessary
we shall raise more equity to ensure that orders can be accepted, delivery
schedules met and the Company's profitability maximised. The business we are in
is long term and whilst the current losses are frustrating for both management
and shareholders, the excellent opportunities that now exist will reward
everyone's hard work and patience.

We have made substantial progress and we believe your Company is in good shape
to capitalise on today's markets and importantly, we firmly believe the buoyancy
of the markets will continue. The exceptionally high oil prices may not prevail
for ever, but even with some fall in oil prices, the oil services sector should
not be susceptible to the cyclical nature that has previously prevailed and
damaged your Company so badly in the past. We have made great strides forward
from a near impossible position; the outlook remains exciting, positive and
profitable for our shareholders.

"the outlook remains exciting, positive and profitable for our shareholders"

That'll do for me. I am hoping that any disappointment is already in the sp and we will now begin to move up. Like I said 18months 2 years!

Very positive statement from Philip Wood, but short/mid-term prospects for the SP must be tempered byt he intention to raise 3.5m share capital. At 0.5p a share (optimistically?) that's 700m shares almost the same as curently in issue - so a massive dilution balanced against unknown operating profit projections. Hence the sharp drop today.

Let's hope the AGM will contain more specific news of curent contracts and turnover/profit projections for the current year.

On balance, though a very confident statement, which seems to suggest that MOI are worth sticking with for now.

Chrissie, I guess you can keep your powder dry for now.

sd

They'll only issue more shares if they need to. If they get a huge order for a rig then of course they will need working capital.

Barely solvent and raising of new capital essential to survival. After progress made in other areas, it would be a pity if they failed at the final hurdle, but new shareholders unlikely to do existing ones any favours in the short term. Think Chrissie will have to keep herself in shape quite a bit longer, but staunch support may prove well founded in the end. Gut feel says they will survive - and if financing sorted I may join in.

partridge - today, I'd rather be in your position - watching and waiting - than in mine - hoping and holding. However, nil desperandum as the Romans used to say.

sd

sd, i didn't buy back in and am quite relieved i didn't. it does come across that there has been lots of hard work going on behind the scenes, so , maybe "par est fortuna labori" might be more appropriate. good luck and what a pity we wont be seeing chrissie shed her clothes!!!