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.

good thread , chad. looks like i , and others, got in a little too early. i was hoping for june. i will hang around for august , though.

Last year full year results March'03 - March'04 were published in September04 but then the half year results March'04 - Sept'04 were published in Dec'04.

Maybe because of all the changes with restructuring the full year results Mch'03 - Mch'04 took a long time to sort out. But when it came to H1 results Mch'04 - Sept'04 they had it all sorted and published at correst time (within 3 months) Dec'04

It does explain all the buying on T10s and T20s at the end of March as people must have looked at when last years full year results were published and not noticed that last years HI March - September results were published in
December. So peeple thought that some results would be published this March. That's what all the selling has been about over the past few days T traders closing their positions. Does all that make sense? Fingers x for results to be published in June.

MOS International plc

Issue of Equity

MOS International plc, ('MOS' or 'the Company'), the oilfield services business,
is pleased to announce that it has placed 125,200,000 new ordinary shares of
0.025p at 0.62p per share raising funds of 776,240 before expenses. The funds
raised will be used as additional working capital for the Company.

Application has been made for the admission of 125,200,000 new ordinary shares
to trading on the AIM market. The new ordinary shares will rank pari passu with
the existing ordinary shares of the Company and dealings in the new ordinary
shares are expected to commence on 28 April 2005.

Philip Wood, Chairman, MOS International PLC commented:

'We have concluded the rationalisation programme and integrated the acquisitions
made in 2004 and it is now important that we put in place the necessary finance
to fund our growth. We anticipate that turnover for the current financial will
exceed 15m, compared to less than 1.5m in the year to March 2004 and without
increasing our working capital it would be impossible to achieve this.

'Having completed a difficult 2004/5 we are now in a position to move forward
and to build upon the work the new management team has done to date.'

sounds confidant, doesn't he......

Will the sp drift now to 0.62p before April 28th?
If you think so there are two choices, sell what you have now and buy back in a few weeks OR hold as spread is wide and then buy more in a few weeks.
Opinions anyone?

Im holding. The value of the placing isnt all that big. Like you said andy, anyone selling and buying back later is gunna get hit by the spread.

PS. 15MILLION TURNOVER now. This is getting better all the time.

Lots of decent buys through today. Looks like the market hasnt reacted negatively to the placing.

This is good news. They obviously need to improve cashflow to cope with increase in orders, especially bigger orders. The fact that there will be a 50% increase in expected turnover shows that this company is growing all the time. As someone else said "a plant can't grow without water".

Wonder what the profits on 15m turnover will be and what that will mean for the share price. Not forgetting that the restructuring will have cost a lot of money.

Next year will be even better with reduced costs and I think the shareprice will leap when results are published and investors see the potential of Mos International.

Lots of buys coming in today. Just a couple of big sells to offset them.

20m buy, someone is clearly not put off - top up time folks?

Yes. Definately a lot of heavy buying coming through now. Thought the price would have responded by now too.

Cant believe they havent ticked this one up. What are the MM's playing at?

320,000 or shares traded= about 4% of share capital. This should surely have caused the share price to respond. MM's may be keeping it down for the 28th.

New to this share (never posted before either) but thought you'd want to know that the 175k sell @ .79 was actually a buy.

djh

.79 brilliant price ....well done and welcome aboard

Yea same here dj.

I'm not really surprised the price hasn't moved, what with placing on 28thApril etc. but you just get the feeling that in a couple of months the price could be double or treble what it is now. Usually when there's a placing the price goes down but it didn't budge, mainly because of the reason for the placing and because the company is, judging by increase in turnover, obviously going from strength to strength. This is a winner and being tipped up all over the place.

My only question to myself, is top-up now or will it tick down a tad in the run up to the 28th? I will get dizzy if this becomes my 4th multi-bagger of 2005!

Bought this before at 90p, it kept in the 80- 92p range all the time i held them so i sold , i might wait and see how the price goes near to the placing.

from today's end;
no. of shares = 125,200,000 [from new issue] + approx. 1,112,500,000 [i used the 8.9mill mark. cap divided by .80p price] = approx. 1,237,700,000 total number of shares.

market cap. is then 776k + 8.9million = approx. 9,676,240.

weighted average price (Taking todays 0.8p plus new issue of .62p) is .78p

If 1 million profit on 10 million turnover, then current share has .081p eps giving 9.7 pe

If 1.5 million profit on 15 million turnover, then current share has .12p eps giving 6.45 pe

The only thing that I do not like is that if they have made 1 million profit on their forecast 10 million turnover, then why are they raising a further 800k for working capital ??

Or is it that the potential 1 million profit won't be completely realised until they complete accounts and announce it all in August.......

It all depends on what profit % has been made on the turnover....if it is only 5% - this would almost halve the eps given above and almost double the pe's.

belisce6

I am not concerned about "profit % of turnover" for the coming results.

Profit for 2004-05 might not be particularly high due to restructuring costs. But say it is a million or a bit less on a turnover of 10million......MOS is obviously growing fast now and orders must be flying in, it's already been confirmed that orders are high. MOS have to be in a position where they are prepared to take more orders and bigger orders, so they have to have a lot of working capital to facilitate growth.

For the year March'05 to March'06 profit will be a lot bigger and will be a much higher percentage of turnover.

We aleady know that turnover for current year March'05 - '06 will be in excess of 15million, and we are only just into the current year, so who's to say it won't end up being 20million plus! And costs will be much reduced..

What are your thoughts on potential share prices?