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.
The Owl
- 11 Oct 2005 20:07
- 782 of 890
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."
chrissie
- 11 Oct 2005 22:16
- 783 of 890
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!
chrissie
- 12 Oct 2005 10:01
- 784 of 890
Owl
Are you going to the AGM ? We definitely need someone to go.
partridge
- 12 Oct 2005 10:33
- 785 of 890
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.
stockdog
- 12 Oct 2005 12:43
- 786 of 890
partridge - thanks, I do recall this now.
sd
The Owl
- 12 Oct 2005 15:27
- 787 of 890
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.
frogfund
- 12 Oct 2005 15:47
- 788 of 890
strange that deal only 50000 too
frogfund
- 12 Oct 2005 15:50
- 789 of 890
back to normal trading now
chrissie
- 13 Oct 2005 09:23
- 790 of 890
Owl
So pleased you're going!
The Owl
- 13 Oct 2005 22:46
- 791 of 890
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!
The Owl
- 14 Oct 2005 10:12
- 792 of 890
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.
mackem
- 14 Oct 2005 11:40
- 793 of 890
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.
mackem
- 14 Oct 2005 12:44
- 794 of 890
wow...0.36p bid and offer...take your pick...
frogfund
- 14 Oct 2005 12:53
- 795 of 890
i got more at 0.036 could be the low line but also watching too buy at 0.025 as OWL possibly mentioned
The Owl
- 14 Oct 2005 13:51
- 796 of 890
We'll we're a bit slow over here but as it's not news anymore, look at res 9 pg 41of your accounts. To approve change of name to 'Global Marine Energy' at AGM 24th.
1Mx better.
Excited now Chrissie? No more MOI jokes! Let's shed MOS history and get rockin'...with a new brand.
frogfund
- 14 Oct 2005 15:46
- 797 of 890
gbe owl
chrissie
- 14 Oct 2005 17:16
- 798 of 890
I like the new name very much, especially the "Global" bit!
Nothing in IC this week, maybe after the AGM will be best anyway.
mackem
- 14 Oct 2005 17:30
- 799 of 890
Bought 1 million on the dip when the online quotes were good.
Might need to raise more funds in the future but long term prospects
remain excellent, worth buying on any weakness if you can hold
med/long term.
iturama
- 14 Oct 2005 17:31
- 800 of 890
Just a matter of waiting. It will turn good.
mackem
- 16 Oct 2005 11:57
- 801 of 890
With the chairman putting 700k of his own money at 0.4p to
inject needed funds recently you have to be confident of a
long term delivery of the business.
So with the price still below this .4p there should always be support
on any weakness.
MOS International plc
Issue of Equity
Chairman invests #700,000 in Company
MOS International plc, the oilfield services business, is pleased to announce
that it has placed 175,000,000 new ordinary shares of 0.025p at 0.40p per share
raising funds of #700,000. The funds raised will be used as additional working
capital for the Company.
This is a discount of 2.4% to the closing price on Friday 30th September 2005.
The monies have been invested by Philip Wood, Executive Chairman of MOS
International plc. Philip is now beneficially interested in 176,500,000 ordinary
shares representing 12.29% of the Company's issued share capital.