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.

Blue today?

are you cold , chrissie?? hopefully this is the start of the run to results.

we got a mention in Shares mag today! - The sub penny stocks article

Early top up...

i dont like the new issue today. Why such a small amount? Hope they're not using it to fund day to day expenditure. We need some kind of update NOW! Might e-mail MOS and let them know how upsetting this continuous share dilution is, especially when already faced with a falling share price.

That would be a good idea Chad, if it wasn't for all the fund-raising the sp would be much higher BUT maybe without the fund-raising they couldn't expand as they desire. Difficult dilemma but still no need IMO to keep "giving away" shares at lower and lower prices giving rise to bigger dilution and inevitable fall in sp.
I am tempted to get back in at these levels but PW needs to talk to his shareholders and explain what has happened, why and what the future holds in terms of budgetted profits.

This is exactly what I complained of to PW some weeks ago and got a very shoddy response from their PR company who got facts and arithmetic wrong. Time for PW to spruce up his attention to his shareholders.

sd

If I understand the RNS of 15th June correctly, then we can expect to see more conversions of the loan notes into shares over the coming months. The wording suggests the company does not control this now. They only control the total amount that is converted. We need more news that demonstrates the excellent prospects of this company which moves the sp up and reduces the dilution effect of this conversion over the coming months. I think this is what the RNS issued on the 11th of July was meant to do.

15 June 2005


MOS International plc

Issue of debt and additional listing

MOS International plc, ('MOS' or 'the Company'), the oilfield services business,
announces that it has signed an agreement to issue a conertible loan note with a
nominal value of 500,000. The initial monies will be used as additional working
capital to fund the Company's expansion.

On Friday 10 June 2005 MOS agreed to issue a convertible loan note with a
nominal value of 500,000 to Montgomery Equity Partners L.P. ('MEP'). MEP
advanced 250,000 on 13 June 2005 and 25,000 of this was converted into
5,182,850 new ordinary shares of the Company at approximately 0.482p per share.
The remainder of the loan will be advanced as soon as the first tranche of
shares is admitted to trading.

It is the intention of the parties that, subject to compliance with the terms of
the loan note, the whole amount is converted into share within six months.

The convertible loan note will pay a coupon of 7 per cent. and the loan is
convertible into new ordinary shares of the Company at a price equal to the
lower of (i) 120 per cent. of the volume weighted average price on 10th June
2005; or (ii) 80 per cent. of the lowest volume weighted average price of
ordinary shares of the Company for the five trading days immediately preceding
the date of conversion of the loan stock.

Under the terms of the loan note, MEP has also been granted an option which
entitles it to subscribe from time to time for up to 500,000 ordinary shares in
aggregate at a price per share equal to the lower of (i) 80 per cent. of the
volume weighted average price on 10 June 2005 or (ii) 80 per cent. of the volume
weighted average price on the date the relevant notice of warrant exercise is
given to the Company. The option is exercisable for a period of two years from
10 June 2005.

MOS has also entered into a standby equity distribution agreement with Cornell
Capital Partners Offshore L.P. ('CCPO'). This agreement provides for an equity
subscription facility of up to 1.5 million which can be drawn in tranches of up
to 37,500 every five trading days. Any amounts utilised are converted into new
ordinary shares of MOS at a price equal to 95 per cent. of the lowest volume
weighted average price for the five trading days immediately preceding the date
of that utilisation. This agreement also requires the payment of a fee of
45,000 by MOS, which has been satisfied by the issue of 7,485,030 new ordinary
shares of the Company at approximately 0.6p per share, treated as fully paid up.

The total funds available to MOS under the arrangements described above will be
2 million and such funds will be used to provide additional working capital for
the Company.

Accordingly, application has been made for the admission of 12,667,880 new
ordinary shares to trading on the AIM market. The new ordinary shares will rank
pari passu with the existing ordinary shares of the Company and dealings in the
new ordinary shares are expected to commence on 21 June 2005.

Philip Wood, Chairman, MOS International PLC commented:

'This agreement gives us immediate monies to supplement our existing working
capital and also gives us a substantial sum in reserve which we can draw down,
if required. The initial monies will be used to fund new orders that Patriot
Mechanical Handling have recently won.'

ENQUIRIES:
MOS International plc Tel: 01274 531 862
Philip Wood, Chairman

Bankside Consultants Tel: 0207 444 4140
Michael Padley/Susan Scott




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

I wrote to the company today complaining about the shoddy website and share dilution I received the folowing reply.

"Please find response from Michael Padley.

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

The website is currently being reviewed and is in the process of being updated. Also the subsidiaries do have their own websites.

As regards the dilution of the shares: the share issues have been to fund the acquisitions, the restructuring of the business and to fund its expansion. Turnover rose sharply last year and is expected to increase very significantly this year - this level of growth has to be funded some how and the issuing of equity has been judged to be the most cost effective way - which of course is to the benefit of shareholders.

As regards communications with the shareholders MOS issues news releases to the London Stock Exchange as often as is possible - we are limited to what can be issued by the rules of the market. This year we have made 10 announcements to date - there have also been numerous pieces of press comment across a wide spread of the media, the most recent being in the August issue of Growth Company Investor.

Regards"

Thread created for The more intelligent

https://www.moneyam.com/InvestorsRoom/posts.php?tid=8461#lastread

shares mag has printed a letter from a mos fan asking for them to shed some light on the current state of the sp. shares replies with the bog standard , we cannot comment on individual shares, but then finishes upbeat with, " however, watch out for coverage in future issues of shares". i take that to mean shares mag will be featuring moi on a more regular basis like they used to do.

Guys, lasses
I asked 4 qus to our PR friends. Answered as follows:
1. Web-site: when will it be changed. Ans: "...it is under review ..." (you'll notice Rigzone.com has had MOI details updated - they're on the case).
2. Profits: When wll a profit forecast be given? Ans: "...this is being discussed with the brokers..."
3. Results - when will they be published? Ans: "...early Sept which is earlier than usual [their words]...." (Results MUST of course be produced by 30/9).
4. Director buying - when?: "...currently difficult for Directors to buy with results due..."

They didn't comment on my jv qus, or consolidation queries...to be fair would have been hard to answer!

Remember, there have been several announcements '...to fund expansion...', '...regular orders ..all parts of business ...'etc. If it's not expansion, and t/o not c10m there will be a clear charge on the Directors - evidence would be unambiguous. AIM maybe less regulated than the main market but it is still regulated...PW has lots of exec & non-exec roles.

Still giving Directors benefit of the doubt hence 8:15am 1/2m topup (didn't show till 4:02pm!!). Position still to complete... :)

Theres a rather bizare tale in the telegraph(Sundays i believe?), about
how Crown have 371 in the Bank of Brazil.
Article can be found on advfn board, post 1820.
cyrl

Here is a link to the story in the Telegraph:
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=LHUMAZFX5LSVVQFIQMGSM54AVCBQWJVC?xml=/money/2005/08/07/ccrown07.xml&menuId=242&sSheet=/money/2005/08/08/ixcoms.html

Looking reasonably positive today. 10m traded - well above 6m average & 26 trades. Not bad. Crown ticked up to 80p too at one point before dropping back...just maybe some positive sentiment returning?

Hope this thread bursts back into life during the next few weeks. I think we might actually get above 1p around results time.

BTW - as I expect you all know, none of CCO's 350m in the Brazillian bank are available for MOI. It clearly states in the RNS that the JV will be funded by new money raised by CCO's newly acquired subsidiary (bought from newly acquired CEO Stuart pearson) Langbard Intl. So it doesn't amount to much until money is raised.

sd

stockdog

Then why did Pearson and Woods travel all the way to Brazil to meet with CCO's bankers?

Because Wood is a non-exec director of CCO (and Pearson is a non-exec of MOI) and Pearson probably wanted non-exec corroboration of the meeting. More likely Philip Wood is a) a long-term, trusted mate of Pearson's (guess) and b) an experiened S. America hand being until recently Chairman of Emerald Energy with big oil interests in Colombia. Also, the situation of the Brasilian rules for use of funds may well have ramifications for Langbar's new funds raised for MOI.

Besides, Chrissie, I didn't invent this idea - I read it in the RNS!

EDIT: Sorry - complete mind blow about Phillip Wood above. He wasn't chairman of Emerald. I am sure I've read somewhere that he was steppping down as chairman of somewhere else so he could concentrate on MOI - now which company was it? Two week's holiday and my brain is anyone's! Nonetheless, P Wood would be a good chap to have next to you when negotiating with a Brazilian Banker. I see that S Pearson, when a mergers and acquisitions chap at Accountants Baker Tilly was instrumental in MOI's float in 2002.

sd

Crown (CCO) (Jv partners with MOI), are now Langbar Capital (LGP)...
S/be results news soon. Let's hope it's good so we can have our 1p party!

Good weekend All.