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.

Others will enlighten you more but I think she was part of the old management. I could be wrong but I think she had to sell and @.60.

paulgrip


Just read this on advfn.

Wendy Larkin is the ex wife of Brendan Larkin who was the founder of the company. He left MOS a couple of years ago. Wendy Larkin apparently received her shares as part of the divorce settlement.

Chrissie...thanks for the info.

and didn't she do well! (to be said in a bruce forsyth way!)

Strange I cant buy this one from my brokers online... have to call them and they are quoting .85 (lol ripping me off!!!)

hmmm wonder why I cant just get a quote straight off their website (hoodlems..)

I use Barclays Stockbokers and am being quoted .79

Baza

Just bought a small punt of 100,000 @0.79p when previous buys have gone through at 0.85! Should have got a million! Too Late now. Wonder why that is? I'm not compaining though!
UC.

Over 15m buys compared to 1 x 300k sell. Does anyone know if there was a tip for MOI today?

No tip in Shares Mag. or Inv. Chronicle. Why all those buys today and no price movement?

Could this be all the shares from the placing at .62p being sold in the market by the institutions?

canary9

Yes I agree that it is to do with the placing.

There probably is a overhang of shares. But look how many buys there have been over the last week or so without any tips, and results are not due to be pubished for weeks/months. These buys are possibly due to brokers phoning their clients advising them to buy, especially after the announcement that turnover for 05/06 would exceed 15m, plus the announcement came about 2 weeks into that financial year so it's anyone's guess what the true figure will be, possibly more than 20m. Look how turnover has improved in the last couple of years 1.5m...........approx 10m.......through to 15/20m. "Order books are high" this company is truly going from strength to strength now, and surely must be at least a 5 bagger! all imho dyor but does anyone disagree?

Once the overhang has been cleared we will see the sp start to move north. imho.

Chrissie,

If I remember correctly the placing was for 125M shares, which will take a little time to clear. My concern is that the share price could move south before it moves north as the last shares are dumped. I and others have been able to buy at any time in the last few days at 0.79p yet the majority of shares are going through at 0.84p! I too am very bullish on this share, but need to watch the near term very closely to get the best price imho.

Do you go through Barclays?

Yes

Canary9&Chrissy, There is no overhang from the placing. As the description implies the shares have already been 'placed' with an institutional buyer who is very unlikely to sell in the near future. The institutions normally invest for at least the medium term not as a T10. The shares can not be traded till 28/04/05 so the current buying is unrelated to the shares placed. IMHO the mms cannot resist this buying pressure for much longer. Put on your thermals we're heading a long way north.
P.S. TDW were also offering at .79p but I think the mm(s) who offered that price have now cleared the stock and have moved up in line at.84p

gromore

Thanks for putting us straight on that. Less and less trades at .79 and I agree the sp is still a bargain. Glad you didn't disagree about MOI being a 5 bagger. Unless of course you think it could go up 10 fold over the next 12 months!

Chrissie, I sincerely hope so, but I'll settle for 5. To get to a ten bagger in the next 12 months they would need to be forecasting 4.5million profit for the current year(not impossible but a lot of it will be ploughed back into continuing expansion). But if the growth continues at the present rate i.e. 10mill for last year 15-20mill this year and say a forecast for 40 million next year, who knows!!! We could be looking at more bags than Judy(as in Richard and...) carries round with her.

Sorry for that. It could never be that many.

And I'll settle for 10 bagger in 2 years, definitely not impossible if growth continues at, or exceeds, present rate. A lot of money will go towards continuing expansion, the potential for Mos Int is enormous!

The new shares can be traded from 28th. Is anyone expecting a drop either in the run up to this or at the time? If not having only bought a small amount so far as a look-see I'm tempted to add this week. There seems to be a bundle of enthusiasm and buys around this small-cap share.

Gromore, could these be T+10 trades with shares that have been pledged on the 28th? It seems very odd that there was a net17M+ buys in the last 2 days without the shares moving up!