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.

Update on Langbar with whom MOI would like to have a joint venture via IDC...

19 Oct 2005
Langbar waiting for its $294m
Eric Barkas
City Editor
IF, when you put the cat out tonight, you stumble across $294m, please send it on to Stuart Pearson.
He'd like the money, as would Langbar International, the cash shell company he runs from Leeds which has suspended its shares on the Aim market.
The money is said to have left Brazil and ought to be deposited with the merchant bank ABN Amro's Netherlands office.
But nobody can be sure.
The cash could be in a holding account or a nominee account. It could be in the middle of the Atlantic between South America and Europe.
Maybe ABN has it already but, such is the mega-billion scope of its operations, it wouldn't notice.
It's a paper trail for the missing millions. Langbar has appointed independent auditors to track down the money. The result could be known in days or weeks, depending on how the trail unfolds.
In the meantime, Langbar is off the list and, in more than 10 years of writing about the City, this scribe has never had such an enthusiastic following for his outpourings.
A lot of private punters have put a lot of money into Langbar. So have institutions, including Merrill Lynch, Gartmore and Henderson, who you would think would have nailed down the cash before they invested.
If the small guys get it wrong it's sad, but part of the game. If the big guys get stuffed there will be hell to pay.
Once $294m was found to be wandering the world, Langbar had a problem. That problem was compounded by the decision of its previous chief Mariusz Rybak a Canadian living in Monaco to sell down his holding from 44 per cent to just under 20 per cent.
The shares bombed on fears that Mr Rybak knew something that nobody else knew. Mr Pearson took the decision to roll the problems up, seek suspension, and get in the independents to sort it out.
"I'm taking the moral high ground, I'm not believing anybody," he says. "I can't believe the money has disappeared."
Maybe part of the problem is transferring assets from the struggling economy of Brazil to Europe. Getting out straight cash can be difficult because it could undermine the economy hence the bank-to-bank deal between Brazil and ABN.
A bit of history is required here. Langbar grew from Crown Corporation, an investment company that raised money but found precious little in which to invest.
Thanks largely to dealing in public finance initiative contracts in Argentina and subscriptions from more than 2,000 Jewish settlers in that country it raised lots of cash.
The current cash pile is estimated at some 360m, putting the suspended share price of 50p at a big discount to net asset value.
Sums of this kind drew in investors. The big questions are: is the cash there and, if so, can we get at it?
There seems little doubt that the cash is real. Getting it is the problem.
It's hard enough to do border-to-border deals in the EU. Langbar is a smorgasbord of continents.
The company is registered for tax reasons in Bermuda, has most of its assets in Brazil via Argentina, its former chief is a Canadian resident in Monaco, it holds board meetings in Barcelona, is looking to do property deals in Spain and Portugal and it is run by Mr Pearson from rural Stainburn.
It could be, as Mr Pearson argues, that dealing with developing economies can be a lottery. If so, expect more of the same.
Langbar has another $360m in Brazil that is primed for its southern European property venture. Rather than a cash transfer of the $294m which the company would use to reward shareholders or make acquisitions, the $360m would go towards the Iberian property deal.
Asset swapping between Brazil and its colonisers in Portugal and by virtue of clout - Spain is easier than getting your hands on cash.
This story has a long way to run. And Langbar has agreed a shares deal for the Bradford marketing company Real Affinity. If the shares stay depressed then this deal could be revisited.

eric.barkas@ypn.co.uk
19 October 2005

"I can't believe the money has disappeared." Seems like SP at least recognises the possibility. Curiouser and curiouser, said Alice, as the caterpillar broke off another piece of Brazilian mushroom and began to eat it while a big grin spread over its wrinkled face. Talk about Dutch cheese!

Owl

Is it likely that Langbar's problems are dragging the MOI sp down because of the joint venture agreement with crown?

IMHO MOI sp should be at least 1p irrespective of missing Langbar millions. When you take into account Patriot winning orders left right and centre and Mos owning 82% of Patriot.

I'm sure we will get a favourable trading update from agm and confirmation of the expected t/o figure for 2005/6 which should be in excess of 15million.

I know I keep saying it but I just don't understand the current sp. We haven't had any bad news. The Chairman has said that the company will be in profit by year end March 2006 and invested 700k of his own money for working capital.

Good pont made on the other side. You are Chairman of a company and because you are the Chairman you know what the outlook is, you know how likely it is that the company will win contracts in the future. Do you then invest 700k for working capital to fund those contracts, unless you know damn well that you are NOT going to lose it ?????

Chrissie - profit/potential no good if you cannot pay suppliers/wages.Suspect he faced the dilemma of either putting up the cash to keep the business going or calling in administrators/receivers. Had the courage and belief to find the money, but cash still the big issue and imo not out of the wood (!) until more funding available.

Missed some great action today, what a day to be stuck at work.

It has to be Montgomery who is the seller, nobody else would happily
sell stock below the bid price on such a regular basis unless they paid
a lower price for it and he got his at 0.3p so wether it's 0.32 or 0.35p
he gets his money and a profit, things hotting up for Moi, mm buys and
loads of support, once the seller is finished they will have trouble keeping
it below 0.4p and the current price is still below the chairmans purchase
of 175million at 0.4p to support the company with 700k working capital.
Tomorrow could be interesting, the mm's have late on tried to kill it again
by operating a 0.05p spread so it might not be too late to get in cheap,
i think everybody will be watching the first move, will it go 0.38-0.4p or
0.35-0.37p ?

Wide spread is working for the mm's.

1 million+ sold back, at least the sellers are getting the price
quoted and still 3 mm's bidding 0.35p, could be a mistake to
sell this low when there's a AGM on Monday, can only see positives
coming from the AGM imho.

http://www.globalsantafe.com/news/frames/newsfr.html

http://www.globalsantafe.com/index_fl.html

Here's a snazzy website. The sort of thing we might like - modern, vision & strategy right up there, up to date etc etc!! Note news items in Autumn 2001 re Santafe & GLOBAL MARINE merger. The new proposed name for MOS sounds great but is there more to it than that?? After all there are lots of Global Marine's out there. Why would that name be chosen? Coincidence.... da da da da

Owl

Bit strange to choose a name that is already out there and established. Curiouser and curiouser!! :-)

Alice
I agree!
sd

Online offer size is down to 375k which is the lowest of the week,
all those sellers cleared without much damage to the shareprice,
any weakness is pounced on.

A million buy before the close, not massive money terms but
still a nice way to finish the day, lets hope for some good AGM
news on Monday.

And a 940k delayed sell just after the close too, never seen so
much 2 way action in a stockas this popular one.

Anything above 0p is too expensive for this.

Appreciate the depth of analysis in your post, SH

sd

Hi Stockdog...sorry please ignore my post.

There seems to be some new kid on the block with the alias mackem....who keeps popping over to my DMR thread for some reason. As he's new here he seems to be showing more enthusiam that he should.

Enjoy the rest of your day.

It worries me that this moneyam site will attract the attention of
pump and dump spammers such as suehelen or optimist23 as he is
known as on advfn, he is one of the main reasons that i no longer
post on advfn, moneyam is quiet but has respect as quality spam free
bulletin board but if this abusive pump and dump spammer is allowed to post
he could single handily ruin this bulletin board.
Advfn is a total farce, i think he has been banned over the weekend
but it's too easy to re-register as he has done to continue the spamming,
i will email Ian to express my concern that he will ruin this bulletin board.

Mackem...please I have been around on moneyam for more than 2 years now and you should go and see some of my threads here instead of trying to act the smart one.

I will continue to post on my threads the way I have even if means talking to myself....the problem lies when posters like you without chasing you appear on my threads and shout of the odds.

I don't like to boast about it...but you should go and see all my threads that I have had running here and see how everything works.

Do whatever pleases you...but I'm sure you started off throwing personal insults at me on my DMR thread on Friday with no apparent reason. It's all there. You could not display your sense of humour on the pictures that I posted on my thread.

Plenty of action today, i dont think it's insiders buying today,
i think some penny fans are having a punt before the AGM, big
shake today and now it's going back up as amongst the shake
trades the biggest was actually a buy at 0.38p.

SueHelen

You are in no position to argue a case, i and hundreds of others have
seen you operate on advfn, you buy a stock then you plague the stocks
threads with countless ramps and then still when nobody is touching it
you then spam the popular other advfn threads with more ramps, everybody
knows you are the shortest of short term trades and you are desperate to
get out of the hole you have fell in, i just hope you dont spoil this bb the same
way you do to advfn.

MOS International PLC
24 October 2005

FOR IMMEDIATE RELEASE 24th October 2005

MOS INTERNATIONAL PLC

AGM Statement

Noble & Co appointed as Nomad & Broker

At the Annual General Meeting of MOS International plc ('the Company' or 'MOS')
held today, Philip Wood, the Chairman, made the following comments:

'The year has been one of further progress despite the disappointment of failing
to meet our turnover target for the year to June. This was due primarily to the
cash constraints that we operate under and the integration of the acquisitions
which took longer than anticipated.

'The orders have not been lost. The current order book stands at in excess of
10 million and the Board is very optimistic that significant new orders will be
secured in the not too distant future, in both divisions. Last week Patriot
secured their second order, valued at $575,000, for PEMEX, the Mexican state oil
company.

'Since the year end the rationalisation programme has been completed and the
business and the management team have been restructured. Both divisions are
working very well with efficiency levels approaching what we expect.

'I am very pleased to announce that we have appointed new advisers, Noble & Co,
who have agreed to become Nominated Adviser and Broker to the Company.

'As I said in the Annual Report, we have made great strides forward from a near
impossible position. We can now see the light at the end of the tunnel and we
view the future with optimism.'

ENDS