tonykreit1
would be good to get some good info over here like they have on advfn thread and a nice header and chart would be good.i look foward to getting some of these maybe i'll borrow a few quid.don't mean to offend this thread is much more active and nicer than the advfn one.must go have a plane to catch in a few hours.good luck

Here you go chrissie:

Chairman's Statement

The results for the half-year reflect the reorganisation costs and trading
difficulties the Group is incurring during the rationalisation programme.
However, turnover increased in the first half and has grown substantially in the
second. Order books are at record levels and tender enquiries high. Gross profit
for the six months was 653,782 (Year to March 2004: 703,024) and annual sales
are running at just under 10m, reflecting substantial growth.

The losses, for the period, include further write-downs of investment in
subsidiaries, slow moving stock write offs and non-recoverable debts. Whilst the
overall loss of 979,868 is disappointing, we have removed a significant amount
of fixed cost from the business and these results reflect not only the
write-downs but, unfortunately, the long-term nature of many employment
contracts, entered into under the previous management, the cost of which we are
still bearing. As a result we will not see the full benefit of the action we
have taken until the 2005/2006 financial year.

These non-recurring costs should run out over the next six months and the Group
will emerge leaner and fitter. Underlying confidence in all Group companies is
high because of the increased level of enquiries and orders. During the period,
we completed the acquisition of:

Ansell Jones, which was acquired in July to take the Group into marine and
defence products complementing our mechanical handling and cranes business.
Ansell Jones consisted of sales and marketing and two manufacturing facilities,
in Walsall and Paisley. These are presently being closed and we are bringing all
manufacturing into NIM Engineering in Newcastle. Further redundancy and closure
costs will result, in the second half, but the ongoing Ansell Jones business
should provide a worthwhile contribution next year. Ansell Jones has
consistently enjoyed annualised sales in excess of 4m, with a margin of 10%.

and Post Period we completed, having first announced agreement in May, the
acquisition of:

Patriot Cranes in Houston. This business has been merged with the existing MOS
Offshore business unit in Houston, Patriot Mechanical Handling. As well as
manufacturing its own handling units, Patriot provides a much-needed service and
repair facility for existing MOS installations in the USA and should help the
marketing of new equipment to the important US market. Patriot has enjoyed some
early success with the recently announced orders from the China National Oil
Company.

On finalisation of the current business plan and rationalisation programme, the
Group will operate two distinct divisions:

Offshore Equipment division comprising MOS Offshore in Shipley, MOS
International (Asia Pacific) Pte, a newly formed company, in Singapore and
Patriot in the USA
Handling & Access Equipment division comprising NIM Engineering, Newcastle,
Ansell Jones Limited in Walsall, Ansell Jones Paisley Limited, in Paisley and
Ansell Jones Cranes Limited in Shipley, with production centralised in
Newcastle.
The Group has expanded its network of agents and now has increased presence in
most of the energy and drilling markets in the World, including the Middle East,
Far East, US, South America and most recently North and West Africa. The Board
are currently investigating opportunities for representation in Russia and an
announcement will be made when appropriate.

Since the half-year end, we have also strengthened the Board by appointing
Stuart Pearson as a director. Stuart was, until recently, a corporate finance
partner at Baker Tilly, and he will oversee the financial aspects of our
rationalisation programme and assist us with the installation of new reporting
and management information systems. He is also highly experienced in merger and
acquisitions work and will assist the Group in both its organic expansion and
acquisition programme.

The Group raised further capital of 1.25m net shortly after the period under
review end and these funds will enable the Group to complete its rationalisation
programme. Shareholders have been very patient and supportive and your Board
continues to work very hard to ensure the faith shown by our shareholders is
justified. Whilst the last twelve months have been difficult we have made
substantial progress, fire-fighting is now at an end and we can concentrate on
building the business. The Directors remain ambitious and believe MOS can
deliver excellent returns to shareholders. The business in which we operate is a
long-term business and whilst current trading losses are frustrating for both
management and shareholders, the opportunities present should reward this
patience.

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.

P Philip Wood
Chairman 31st December 2004

From last December:

MOS INTERNATIONAL PLC

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.


The interim results will be announced on December 31st.


15th December 2004

10 million turnover as opposed to 1.05 million last year!!!!!!!!
This has not been yet factored into the SP, in fact the SP has fallen over this period. We are heading for a massive re-rating IMHO.

Chad,

This is an extract from a post on Advfn "Gromore post 242"

"The board reckon 10,000,000 turnove for the current year rising to 20,000,000 for the next. A guess at profit in the region of 1,000,000 for the current year using a p/e of 20 would give a market cap of 20,000,000 and a share price of 3p. A profit of 4,000,000 for the following year would give a market cap of 80,000,000 and a share price of 9.9p.

Chad

What do you think of these figures. I think the sp could easily be 3p or 4p when results are published, maybe even more! The above figures are based on profitibility and has not factored in "potential".

As Gromore said these are just guesses at profitability but well within the realms of possibility.

God I wish I had some spare cash, might try and borrow some!

Good stuff chrissie. This type of SP seems easily achieveable to me. Good luck all holders.

i think shares mag gave this the kiss of death when they did a feature on moi saying how good a company it was when it came to keeping its shareholders informed with a steady flow on news. since then there has been nothing!!!! but i tend to agree with previous posts, this is due a re rating. does anyone have a definate date for reulsts?

Ive just e-mailed MOS to see about the results. Probably wont get a reply though.

All sells today, These people must be crazy with the results just round the corner.

Saying that I just got an reply from MOS: they say that the results will be published in August/September, so its not as soon as we were expecting, but never mind. What we need is for the institutions to pick up on this one and a few tips in the papers etc while we're waiting.

Once this one is found by the institutions we will really take off. August is not too long to wait for what should be some very good results.

some scare mongering going on, prob by an ex-employee, thats the prob when you lay people off!! Everything you need to know is on ADVFN!!

Don't read ADVFN pommy, can you advise what the scare-mongering is, not that I'm selling, if sp goes down I'll probably buy more.

Got a new thread goin for this one guys.

andysmith

Just a disgruntled employee. He soon got his answer from somebody else who is obviously in the know and we haven't heard from the scare monger again. No worries. Don't understand the results date as I was sure that they had to post results within 3 months of year end.

Thanks for that Chrissie, no way I'm leaving MOS and may top-up if it falls further. I stuck by SEO last year when there were some reasons to be worried.
I had calculated possible sp to 2p but projections here of 3p-9p mean I hold as long as it takes for the results. Thanks.