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.

Thanks, I hope it works out for all of us, picking the gems can really make the difference to a portfolio, you can bury the crap decisions then and move on.
I'm hoping MOI is the next gem out there waiting to be discovered by the market, after I've topped up of course!

gromore

Don't worry about andysmith he is our resident "Golden B"ll"x"! He's had 3 multibaggers recently so will bring us lots of luck.

chrissie, he obviously has the Midas touch, but he should stop scratching himself otherwise we'll have to christen him coq d'or.

Oh dear, Midas, Golden wotsits, I've been called worse and before this years swing in fortunes on just 3 stocks the missus would have kicked me in the wotsits for being useless and 10% down. Just shows how dramatically things can change when you get a good one, not to mention 3, I am so lucky even though I'd like to think there was an element of good stock-picking. Have only 4 stocks at moment, OK with 3 of them, a little concerned with MDW at moment though!!
I am hoping MOI is the next good one and that my luck hasn't run out.

I'm also known as Mr Indecisive, still havn't decided whether to add now or on 28th, still waiting!! Having had the bad times last year I am still not too confident in myself and I am usually content to pay a few percent more and be satisfied with my decision.

andysmith

Let us know what you decide but as gromore said whether you pay 75 or 85 won't make much difference in the longer term depends how low you think it will go and hw closely you watch. Very few trades going through at .79p now, still who knows what will happen on 28th. I'm in now and so all I really care about is the results and the chairman's statement that goes with them.....I hope and believe it will be extremely positive and once everyone else sees the potential of this company then the train will have well and truly left the station!

Agree Chrissie, will try and get 0.79 if I can then I'll be happy. Wonder why so many sells today though?

All sorts of reasons why people sell, T10/20, impatience and sometimes they just need the money. If you take out the 2.5mil T trade and assume 200k @79 is a buy then buys still easily exceed sells.

Im in a bit of a quandery whether to top up now or later too. Im pretty confident that there wont be a drop on the 28th but you never know. Even so, as has been said, anywhere around these prices is a bargain, but it would be irritating to top up now and then see it go cheaper after the 28th. But I suppose thats just being greedy. Decisions, decisions!

keep buying!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Take it you believe strongly in Moi as well plm2349?

It would be nice to know roughly when last years results (Mch04-Mch05) are due to be published. June or Sept ? Has anyone contacted the company recently?

gromore

Do you have any idea ? As you know last year it was September but, interims were published in December, so with a bit of luck we will have the year end results by end of June. What do you think?

Chrissie,
I have not had any confirmation from MOI on this but TDW company research forecasts the annual report for 28/09/05 and Preliminary Announcement for 30/09/05. I think they only replicate last year's date as I have never seen any of their forecasts differ from the previous year's dates. In theory it could be from June onwards. Sorry I could not be of more assistance.

The 0.79p trades are definitely BUYS. Might get just a few more tomorrow and hedge my bets on what happens on the 28th.

Introduced by ma cherie moneyplus, a very good stock picker in my eyes. Note that my pal, andysmith, is transgressing here - real cherry picker, so this must be good!

From quick look at the finances, the placing wasn't that big a deal, even compared with some recent trading volumes, so there is no particular reason to think that it will cause an overhang in the market. Will have a closer look and perhaps have an initial nibble at the cherry!

Eric

Wonder if we'll get some news about what specifically they intend to do with the funds raised by the placing. Maybe details of contracts won etc.

chrissie....

"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."

it sounds like he has a target in mind ,to me. i get the impression that he is not one to sit back and admire the view.

hello eric. blimey!! you're everywhere!!moi is definately worth a look.

Eric, we'll be pleased to have you on board. Your financial and trade analysis is always valuable to anyone on these threads. Packaging is my thing which is why I feel comfortable contributing on SEO. MOS's business is not my area of knowledge at all but MOI looked a recovery stock last year however in the end I plumped for SEO. Next two on my list were HCEG followed by MOI. This year I backed MOI, helped by this thread (Chad, Chrissie and others, not forgetting Bos again!) but also an article that I read. The recovery appears to be ON and at a reasonable pace, meanwhile the sp is half that of last April. Bargain??? Eventually the market will wake up to this hidden story. Been there somewhere before me thinks!! Anyway, this last week has proved awkward, top up before 28th or not is the question but if you can get 0.79p as other more knowledgable folk on here say, it won't matter in the next 12 months. Heard that somewhere before as well!!

Eric, cherry-picking has only been recent and thank God for that, last year I had a basket of mainly rotten apples. I wanted everything I read as good, spread myself too thin, got in too late, jumped out too soon for the next good thing, you know the lessons you have to learn. I only stated this lark Feb'04. Keeping the stocks that I had researched myself and believed in rather than following the crowds and magazine tips latest thing is what actually proved to be the turning point for me. I've got rid of the rotten apples now & I'm significantly in profit, I take more time researching and I have a bloody good feeling about MOI. Only the placement has held me back but sod it, follow my instinct on this and get some more.

i agree andy. think nike!!!