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.

Bit of very old history.
http://www.seymourpierce.com/pdf/prospectuses/recent/MOS_International_plc.pdf

Owl

Please go to the AGM in October, we need to get as much info as possible. I'm sticking with this as they are in the right business at the right time. I also think that anyone new to MOI and reading the story so far will be impressed and buy as many did today. We're all disappointed because we were expecting so much more. Another thing is that todays results is all old news. Alot has probably changed over the last 6 months and we are heading towards profitability. The one thing I am most unhappy about is the t/o figure because I actually bought more shares on the strength of that and I will be contacting Bankside and telling them what I think. That said I am in this for the long haul so it really didn't matter about results but it would be nice to feel a little more comfortable. I still think our day will come.

My stripping days will be well and truely over by the time the 2p party comes round.

Buys and sells were almost in balance yesterday. It was the momentum that took it down, not helped by the MM's marking the price down 10% before a shot was fired.
On the positive side we are already 6 months into the year that MOI expects to turn a profit so I am sticking with it (along with +99% of the other shareholders) and will add if any further weakness. The number of shares in issue is not a big deal, the mkt cap is still less than 5M. MOI's interest in Patriot Mech has a nominal value in excess of that.
That said, the company has to make its targets, or better, to improve shareholder confidence. It might also consider a share consolidation.

Overhang here too and a big one !

Online you can sell 375k but buy 3 million in one go and this is
why the price is steadily dropping.

As i wrote the above a mm sells 2 million at 0.4p which more or less
confirms that mm has a big seller so expect a T trade below .4p later.

Hi Chrissie - probably will go as just down the road. Depends on main job.

Spoke to someone at MOS today re t/o for this year, and expressed concerns about last. Have also asked Bankside & PW to let us have a clarifying statement re the c15m figure...from what I can glean, this year is still on target - amazing isn't it!! What I suppose we really need to know is: Now we are 1/2 way through the year have they actually taken sales (i.e. not expected, not theoretical etc) of around 6-8m? If so, we stand a good chance of seeing overall profit by the year end - if not and below 5m we'll struggle to see a profit. If more than 8m, we can start dreaming about you (I mean the Moi share price!!) again :-)

:-))

Care needed when looking at sales/orders - lots of businesses have failed because they took on too much work, even on the face of it at good margin, without the ability to finance it. Used to be called overtrading. Invoice disounting can help and see they do a bit of this already. Next couple of months should be interesting - and nailbiting for holders, good luck to you.

After RAF today, what's the odds of LGB buying, or making a substantial investment in MOI? Favorable in my book.

Patriot Mech up 13% today. Mkt cap is US$60m, or 34M. MOI owns 82.7%, so its share is valued at 28M! Meanwhile MOI's Mkt cap is 4.5M, which is less than the value attributed to the PMHH minority shareholders.

Partridge
I agree, however I've a feeling PW has taken a mighty leap of faith and pushed t/o into next year despite exacerbating the loss situation.

It's upset confidence, and I'm afraid we'll see a further dip till that confidence is restored. Director buying would do it, so would a jv order of >6m. Till then we could see 0.25p level tested a) due to overhang and b) because we're expecting a half year loss for 2006.

We were expecting a 1m, 10m, 15m, 25m, 35m??? scenario, but is that really sustainable? a) Mos couldn't finance at that rate, b) lots of risk if just one order goes wrong c) too many conflicting demands to manage sensibly.

Although it'll take longer, maybe a pace of 1m, 4m, 6m, 8m, 12m would be better as it allows costs to be controlled. Of course, if the IDC jv takes the cost risk, MOI could develop faster, but without the jv big orders could = big risks for a company just emerging from the ashes.

ps Thought I'd pass on some 'GOOD NEWS'
I have just received a New MOS Brochure and a New Patriot Brochure! Both are very good.

LAST year: No compliments slip, tech. document, dated pictures, no staff photos, no links to subsidiaries, wrong website! mosltd.co.uk!!, nothing about the customer at all, no distinctive features of MOS equipment e.g. safety qualifications etc,

BUT THIS YEAR...compliments slip with a note, brochure built around 'solutions' and customer values, pics of staff, fab pictures of the kit in action, warehouse facilities, links to their other companies... it really is 10x better at least.

They are moving in the right direction, they are listening, they are getting their marketing sorted out. If (as we suspect) the missing t/o is carried into this financial year, we could see a profit within a year (even if they draw that 3.5m)..

ps don't all send off for brochures, or we may see another rights issue to pay for it! ;-)

iturama - interesting market cap. statistics. Why should this be such a hige discrepancy?

sd

For info - the odd rig drifting across the odd ocean damaging a pipeline here & there...
http://www.rigzone.com/news/article.asp?a_id=25680

Owl

Any joy with Investors Chronicle recently? Given recent events surely MOI results and update would make good copy. And they owe us a follow up!!

Chrissie. Happens from time to time, then suddenly the share gaps up.
Reading todays LGB release carefully. I am betting on the 3.5 placing being with LGB. The resulting dilution will be unimportant, compared with the value today. There will probably be a 100 or 200 to 1 consolidation.
However the new company will have initially a Mkt cap of (say) 8m, to include over 4.m in cash and net current assets plus the investment in PMHH. Once a trading record is established, I expect PMHH to move to the Nasdaq.

Thanks iturama. Difficult to understand the current MOI sp...still I can wait. As someone on the otherside said, this could suddenly 10 fold when true value is realised.

Still think we need need director buying to show confidence.

Chrissie,
just checked - nope, not in this week again!
I've finished my assignment today so I'm free again for a bit.
Will have time to call them next week.
Surprisingly strong buying today again. Had expected us to close the week at 0.35/0.37p level. Have a good weekend all - looks like might be going up again judging by PMHH share price.

...next door's gone into overdrive!!

...shh. V. quiet on here. ..BUT it's going UP. Blue day so far.

Don't think we have a thing to worry about, do you Owl?