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.

Think you mean this one...?
'The Business' Article 'Drilling for Oil starts to pay as price soars' (p9)
- Searching for oil has become one of most profitable things anybody can do.
- Study by Wood Mckenzie (oil consultants) found that oil companises could make 20% returns for every dollar ploughed into exploration assuming oil at $40 pb
- Even worst out of 28 top firms would have made 12%
- In last 10 years, 6 largest oil companies drilled fewer wells
- Slashed budgets in 1999 (as we know!) after oil collapsed to $10pb, even now not at 1998 levels
- Top 6 only account for 2/5ths oil exploration
- Companies only find half oil they need to replace supplies
- WM estimates to find all of it, they'd need to increase spending from $14bn to $40bn. They have spent 30% more since oil price climbed but almost everything swallowed by higher costs of manpower+equipment+services
- Given $85bn has been returned to shareholders $14bn does not seem heavy expenditure
- Even if exploration triples, it's unlikely to stop reserves declining
- After decade of cutbacks, not enough drilling rigs or engineers for even a doubling of exploration however much companies pay
- Investment in rigs on the rise - now 30 new rigs. Hardly enough to remove the bottleneck.

Does anyone else think it's strange that there has been nothing in the press regards Philip Woods investment of 750k ?

Is this due to bad PR by Bankside again ? Surely they should have briefed press regards the director placing AND reiterated that MOS International expect to see increased turnover and profit for year end March '06.

Probably bad PR - should have been in ypn.co.uk (local paper & elsewhere). Think I'll email them.

Chrissie
Rung & emailed...just for you :)

Thank you kind sir ..er...owl!

Which rung was that you emailed Owl? Mind your step on the way down!

Good idea, thank you.

sd

MOS International PLC
11 October 2005


MOS International plc

Additional Listing

Application has today been made for the admission of 16,452,781 shares to
trading on AIM. The shares have been issued pursuant to the conversion of 50000
of loan notes held by Montgomery. Dealings are expected to commence on 12
October 2005.

That's a tad above 0.3p per share - was that part of the recent convertible issue, or an older tranche? Seems too low a conversion price for the former.

Good or bad news? Seems on balance good that someone wants to swap debt for equity.

sd

Nothing from Bankside - but this comes from PMH in the US.
Maybe we'll see something tomorrow or maybe not.

October 11, 2005 - 8:27 AM EDT

Patriot Mechanical Handling Announces Contract Exceeding USD $1.1 Million to Supply Two Offshore Pedestal Cranes for Mexico's PEMEX
Patriot Mechanical Handling Inc. (OTC: PMHH), a leading provider of mechanical handling solutions and services to the oil and gas industry, announced today that it has been awarded a contract valued at over USD $1.1 million by PEMEX to supply two offshore pedestal cranes.

The order calls for Patriot to supply the two cranes, which are to be fitted on the PEMEX Offshore Platform(s) PB-KU-M and PB-KU-S.

Paul Findlay, CEO of Patriot, stated, "This is the first contract we have signed with a Mexican multi-national. We are confident that this order will create the foundation for future orders." He added, "Our strategy of international expansion is indeed proving effective, as we continue to receive positive feedback from our prospects and win large orders."

Owl

We definitely SHOULD hear something as Patriot is part of MOI after all. Bankside make me sick at times with their lack of enthusiasim. Surely it should be announced that MOS International has won the contract.

In a bad mood!

Owl

Are you going to the AGM ? We definitely need someone to go.

sd - think the recent share issue to Montgomery did relate to the convertible loan earlier this year - they have the right to convert at 80% of lowest share weighted average price for 5 days immediately preceding conversion. Just over 0.3p looks about right.

partridge - thanks, I do recall this now.
sd

Chrissie,

Rang Baker Tilley to make a booking. They're gonna get back later.
Stuart Pearson is I think engaged elsewhere - LGB shares suspended.
(More likely good news than bad re Assets).
MOI up 53.8% today!!! 0.60 was last trade but with spread of 0.37-0.41 don't think it will last long - we'll see.

strange that deal only 50000 too

back to normal trading now

Owl

So pleased you're going!

and something to while away the time while MOI sp drops...

http://www.abbotgroup.com/ (see 2 interview clips with Mr Locke).

Average age of oil engineer: 55 !! Give me something to do in 13 year's time.
Only 200 new O.E graduates per year!

From Annual report, there are some 60M worth of share options mostly exercisable at either 0.73p or 4p from Sept 2007-2014. Of these Mr Wild, Mr Findlay & Mr Wood have some 40M. That's the investment horizon for MOI and also reason why results will likely be announced end Sept each year.

Very hard to spot any stocks with good online quotes but Moi at
0.34-0.36p is a rare one after it's drop, who knows where it is
going but you can sell 1.5mil at 0.35p mid price and buy just 500k
at 0.36p so it could bounce back.