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.

Seq:
Very good deal for MOI. No financing on its part: it gets the work and has a 50% share of the JV results.

EXCELLENT!

I spoke to one of the ex-CEO`s some years back, who said they were going to the moon and back-I think the price was 4p then, lets hope the new lot are more, well, realistic

g`luck.

S7
...gosh. You're right!!

This is really good news as it provides the finance, the contacts and a prime contractor in IDC for further work (as if MOS need it with their record orders!!). They're poised to provide a full end-end international service without financing issues (it would appear). See also rigzone.com for yesterday's article on rigs...think IDC may be in there somewhere. Timing's perfect.
Re SP, lot's of frustrated people no doubt waiting to sell, but when the city cotton's on to what this means, MOS should shoot up. Market likes it - Market Maker order for 1M just gone through- and smallest possible spread now (so they want the stock).

This is very good news - as a glass of water to a man in the desert. Nicely covers my buy earlier this week. Now to cover my previous extravangances - wake me up when we hit .60p someone please.

If they are investing in whole oil rigs, we are talking longish term to see profitability, but the SP may do well on the back of orders announced which will have the advantage of being almost individually reported and so easily trackable. With Crown's capital there should be no surprises with fund-raising dilutions from this side of the business. However, I imagine we may see more on the existing businesses if they intend to grow as aggressively as they currently seem to.

Overall, good news with appropriate market response. No reason why we should not climb back towards 0.70p fairly easily, but that old support level is now quite a strong resistance level to overcome - so save some chunky serial order announcements as we approach that hurdle, please.

Macro-economy-wise, we are definitely in a good market sector with a good management, but a good deal of hard work (for them, not for me, happily!) to get where they are going. I wish them luck and support.

rambling sid rumpole (rip KW)

I wonder how many deals are going tho` the Virt X (Swiss), stock exchange , they do have a web-site but very little ever seems to show up on it- my last purchase went tho` there and wasn`t shown on the LSE figs.

UMMM-love those M buys.

Only 9:50am - 64 trades, 5x av volume - hardly a sell in sight!

whats that 1m at mid about?

Not sure - wouldn't worry though with 75 trades! Protected 'T' trade of 2M @.49 just gone thro'.

bit of insitutional buying?

oh-oh!
big sell coming tho` as the bid falls?????

From my observations, the biggest up reactions come a few days after the news - i.e. when digested, and on press coverage. MM's don't like day-trades on AIM too much. IMO, when we get a director buy, and the annual results/words + some indication of big orders provided by this JV, this will do better than today. Lots of shares in issue, so I'd be very surprised if this moves for a few days yet - despite overall buying interest. Rather be in now taking on risk than wake to find a mark-up back to 0.65 level.

agree- still think there is a big sell overhang to clear yet tho`

g`luck

um...what's that 30m doing - looks a bit close to the spread to be a sell, but not sure it's a buy either. Dunno - affected sp today obviously.

SD - Did you ever get a reply from Mr Wood re your email?

I just KNEW something was up, but what????
That 30m has to be the sell which was overhanging the price.

No sell. The mms would not have been buying earlier in the day knowing that a sell of such magnitude was about to go through. More like Crown Corp building a stake in MOI. Time will tell!!

Owl - Sorry I did get a reply on Monday, but omitted to share it with you all. I reproduce it below.

Not totally satisfactory, not least because of the inaccuracy about how much they raised - it was 25k in shares at 0.60p and the balance of 475,000 as a convertible 7% loan note, plus 1.5m standby equity facility. Where did 250,000 come from, or did I badly misread the RNS? My point that calling the balance of facility at a reduced SP was bad news still stands, inspite of his slightly pompous attempt to side step the issue. I am still none the wiser as to what more specifically they wanted the cash for.

However, the more encouraging tone at the end of his email and the fact of today's RNS JV announcement suggest it requires no answer. I forgive PW for not having time to answer personally in the circs and give him the benefit of the doubt that, as a principle, not a PRO, he would have been at liberty to answer more graciously.

It might have been smart to wait till today to reply!

Anyway, we move on and trust they will spend the money wisely.

sd




Dear Sir,

I have been asked to reply on behalf of the Company.

Firstly, we can understand the concern if MOS had raised 2m but this was not the case. The company has raised 250,000 and has a facility up to 2m, which may or may not be utilised.

As the Company grows it requires further working capital, however this will of course reverse in due course.

At this time in the development of the business the Board took the view that this method of funding was the most cost effective.

In terms of where the business is all we can do is refer you to earlier RNS announcements which give a guide to the expected turnover in the current financial year.

Order levels continue to be encouraging and enquiry levels are high.

The Board is happy with the progress to date and are encouraged by the outlook.

Regrettably we can't be more specific but hopefully this helps.


Regards

Michael Padley



Michael Padley
Director
Bankside Consultants Limited
1, Frederick's Place
London
EC2R 8AE
Tel. No. 020 7367 8888
Direct Line: 020 7367 8881
Mobile: 07798 863 690
e-mail: michael.padley@bankside.com

gromore, don`t agree , as the deal is many times NMS the trade could have been done up to 5 days ago without having to be announced then.
Tonorrow will tell.

Well done for your persistence SD. I talked at length with the sales guy who obviously couldn't say much. However from the tone of answer, things actually seem very positive there (given they lost 1/3 staff! last year or so), Roadshows + summer parties being organised etc is either a delusional company or one that really has turned the corner...

Gromore - hadn't though of that, but think you must be right. Someone has to take the other side of a 30M order.

I hate to patronise lads, but a few of you could do with a refresher course on how SEAQ trading works, it ` aint that simple, and the way that trades can be
hidden- legally- is mind blowing.