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MOS International: (a new thread) Oil Engineers on the turnaround (MOI)     

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 - 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.

Pommy - 16 Oct 2005 18:16 - 802 of 890

selling is from Montogmery who they had to do the convertible note with, they are getting shares at .3p and happy to sell them at .35!

mackem - 16 Oct 2005 18:57 - 803 of 890

16 million is not a lot of stock to shift when the share price 0.35-0.4p.

Just looking at the trades on the 12-14th there was quite a few large
block sells so if they are Montgomery then they have very little left to
shift.

stockdog - 16 Oct 2005 21:29 - 804 of 890

My instinct is that if PW was buying stock to show willing, he could have done it with a lot less than 700k - so I take comfort that he believes his money will be well spent. However, the market appears to disagree with me for the moment.

sd

mackem - 16 Oct 2005 23:04 - 805 of 890

The current slightly crooked AIM market is causing caution to some
of the better stocks to attract negative comments.
Moi seems to be upfront and honest with current business and future
finance plans.
Unfortunately most AIM stocks have suffered as some or should i say
a lot of them have basically fleeced investors with bullshit and great
trading prospects only to suddenly announce desperate funding plans
at massive discounts to their share prices, now the Chairman putting
700k of his own money in MOI suggest that the long term prospects
are excellent, it's the only way to get a substantial stake on the cheap.
The share price hit 0.5p on this news but is now below 0.4pso any weakness
from here as i said before is a buying opportunity.

mackem - 17 Oct 2005 15:52 - 806 of 890

So what's going on today then, numerous sells and many below
the bid and the price is actially up, the mm's must know it's this
Montgomery person because they would not take all this stock
and keep the price up or maybe there's a protected buyer sniffing around.

The Owl - 17 Oct 2005 16:42 - 807 of 890

ODd dAy!
3/14 trades on buy side. Lowest sell 1M @0.32 yet closed at 0.38!

stockdog - 17 Oct 2005 17:07 - 808 of 890

Chart looks terrrible - strong down trend since beginning of September with lower lows and lower highs and 20dma crossed below 40dma now. Whither next, oh winged one?

sd

stockdog - 17 Oct 2005 17:08 - 809 of 890

Sory that wasn't meant to sound like withered necks - know how sensitive the head-turning stryx genus can be about such issues. :)

mackem - 17 Oct 2005 17:32 - 810 of 890

The 1 million T trade at 0.35p has to be a buy, the price has rose
on a day where several large sells were reported and some were
placed at a big discount to the current price, i was quoted 0.36p bid
online all day for size yet nobody else managed to sell for that price.
Must be a buyer for the stock to have the price to rise on a day with
so many discounted sells.

mackem - 17 Oct 2005 17:36 - 811 of 890

Actually it IS a buy, you cannot work a 1 mil protected sell at 0.35p
unless there has been buyers with the mm with the order for a similar
amount at higher prices.
A mm has took one of the discounted sells and sold it on to the buyer
for a small but quick turn.

mackem - 18 Oct 2005 15:41 - 812 of 890

lol it's the total opposite today, great buying and the price down
a fraction.

Online spread is great....0.36-0.37p for 750k both ways so take
your pick. (monitor spread .35-.38p)

mackem - 18 Oct 2005 17:34 - 813 of 890

Who's buying all this stock, another set of delayed sells without
any damage to the 0.35p bid price, any ideas ?

mackem - 19 Oct 2005 10:50 - 814 of 890

Anybody here ?

Something is happening here, in just about every other stock a share
price is getting hammered on any sell, yet since the price went back
to 0.35p bid scap and Evo have sat there and took the lot and there
has been a lot of selling, even today it's all sells and so far the bid
is still solid, infact online you can get 0.36p so why are the mm's
taking all these hits ?, they dont usually do this unless for good reason.

canary9 - 19 Oct 2005 16:31 - 815 of 890

Topped up at 0.34p on basis of Chairman support at 0.4p. Price is surely now at a point where Montgomery cannot profit from selling their shares!? Everything though depends on whether MOS now has sufficient working capital and I am banking on the likelihood that Wood would not have invested his own money unless that was the case. DYOR
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