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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 - 18 Nov 2005 09:58 - 884 of 890

Hard to get stock today. 220k max size to buy
Can sell 2M @0.31 on 0.30-0.32 spread. Stock seems locked.

chrissie - 18 Nov 2005 10:37 - 885 of 890

Keeping our spirits up Owl! 0.32 seems so cheap.

chrissie - 18 Nov 2005 10:40 - 886 of 890

Surely buying at these prices means you could double your money in a couple of months???? Christmas bonus time next week so will buy some more then.

The Owl - 18 Nov 2005 17:46 - 887 of 890

It does, Chrissie. I've bought loads extra this week!

Goodbye MOI, hello GME!

http://www.gmeplc.com/

MOS International PLC
18 November 2005



MOS International plc

Change of Name
to
Global Marine Energy plc

MOS International plc, ('MOS'), the oilfield services business, announces that
pursuant to the resolution passed at the Company's annual general meeting held
on 24 October 2005, the Company has changed its name to Global Marine Energy
plc.

In addition the Company has amended its EPIC code to GME. This change will take
effect from Monday.




This information is provided by RNS
The company news service from the London Stock Exchange

Have a great weekend all. Lots of great news to come before Christmas.

blinger - 18 Nov 2005 19:24 - 888 of 890

DOUBLE???

The Owl - 19 Nov 2005 18:30 - 889 of 890

THREAD SUGGESTED CLOSED

The story continues on GME.

blinger - 20 Nov 2005 21:18 - 890 of 890

GME tomorrow then.
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