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.
mackem
- 16 Oct 2005 11:57
- 801 of 890
With the chairman putting 700k of his own money at 0.4p to
inject needed funds recently you have to be confident of a
long term delivery of the business.
So with the price still below this .4p there should always be support
on any weakness.
MOS International plc
Issue of Equity
Chairman invests #700,000 in Company
MOS International plc, the oilfield services business, is pleased to announce
that it has placed 175,000,000 new ordinary shares of 0.025p at 0.40p per share
raising funds of #700,000. The funds raised will be used as additional working
capital for the Company.
This is a discount of 2.4% to the closing price on Friday 30th September 2005.
The monies have been invested by Philip Wood, Executive Chairman of MOS
International plc. Philip is now beneficially interested in 176,500,000 ordinary
shares representing 12.29% of the Company's issued share capital.
Pommy
- 16 Oct 2005 18:16
- 802 of 890
selling is from Montogmery who they had to do the convertible note with, they are getting shares at .3p and happy to sell them at .35!
mackem
- 16 Oct 2005 18:57
- 803 of 890
16 million is not a lot of stock to shift when the share price 0.35-0.4p.
Just looking at the trades on the 12-14th there was quite a few large
block sells so if they are Montgomery then they have very little left to
shift.
stockdog
- 16 Oct 2005 21:29
- 804 of 890
My instinct is that if PW was buying stock to show willing, he could have done it with a lot less than 700k - so I take comfort that he believes his money will be well spent. However, the market appears to disagree with me for the moment.
sd
mackem
- 16 Oct 2005 23:04
- 805 of 890
The current slightly crooked AIM market is causing caution to some
of the better stocks to attract negative comments.
Moi seems to be upfront and honest with current business and future
finance plans.
Unfortunately most AIM stocks have suffered as some or should i say
a lot of them have basically fleeced investors with bullshit and great
trading prospects only to suddenly announce desperate funding plans
at massive discounts to their share prices, now the Chairman putting
700k of his own money in MOI suggest that the long term prospects
are excellent, it's the only way to get a substantial stake on the cheap.
The share price hit 0.5p on this news but is now below 0.4pso any weakness
from here as i said before is a buying opportunity.
mackem
- 17 Oct 2005 15:52
- 806 of 890
So what's going on today then, numerous sells and many below
the bid and the price is actially up, the mm's must know it's this
Montgomery person because they would not take all this stock
and keep the price up or maybe there's a protected buyer sniffing around.
The Owl
- 17 Oct 2005 16:42
- 807 of 890
ODd dAy!
3/14 trades on buy side. Lowest sell 1M @0.32 yet closed at 0.38!
stockdog
- 17 Oct 2005 17:07
- 808 of 890
Chart looks terrrible - strong down trend since beginning of September with lower lows and lower highs and 20dma crossed below 40dma now. Whither next, oh winged one?
sd
stockdog
- 17 Oct 2005 17:08
- 809 of 890
Sory that wasn't meant to sound like withered necks - know how sensitive the head-turning stryx genus can be about such issues. :)
mackem
- 17 Oct 2005 17:32
- 810 of 890
The 1 million T trade at 0.35p has to be a buy, the price has rose
on a day where several large sells were reported and some were
placed at a big discount to the current price, i was quoted 0.36p bid
online all day for size yet nobody else managed to sell for that price.
Must be a buyer for the stock to have the price to rise on a day with
so many discounted sells.
mackem
- 17 Oct 2005 17:36
- 811 of 890
Actually it IS a buy, you cannot work a 1 mil protected sell at 0.35p
unless there has been buyers with the mm with the order for a similar
amount at higher prices.
A mm has took one of the discounted sells and sold it on to the buyer
for a small but quick turn.
mackem
- 18 Oct 2005 15:41
- 812 of 890
lol it's the total opposite today, great buying and the price down
a fraction.
Online spread is great....0.36-0.37p for 750k both ways so take
your pick. (monitor spread .35-.38p)
mackem
- 18 Oct 2005 17:34
- 813 of 890
Who's buying all this stock, another set of delayed sells without
any damage to the 0.35p bid price, any ideas ?
mackem
- 19 Oct 2005 10:50
- 814 of 890
Anybody here ?
Something is happening here, in just about every other stock a share
price is getting hammered on any sell, yet since the price went back
to 0.35p bid scap and Evo have sat there and took the lot and there
has been a lot of selling, even today it's all sells and so far the bid
is still solid, infact online you can get 0.36p so why are the mm's
taking all these hits ?, they dont usually do this unless for good reason.
canary9
- 19 Oct 2005 16:31
- 815 of 890
Topped up at 0.34p on basis of Chairman support at 0.4p. Price is surely now at a point where Montgomery cannot profit from selling their shares!? Everything though depends on whether MOS now has sufficient working capital and I am banking on the likelihood that Wood would not have invested his own money unless that was the case. DYOR
mackem
- 19 Oct 2005 16:37
- 816 of 890
What a buying opportunity, what i dont understand is when i look
at the leading online broker (squaregain/comdirect) and see they
are quoting 0.33p bid and for 1.5 million shares somebody comes along
and sells 300k and gets 0.30p !, this has been happening for days, do
the mm's know that the seller is montogomery and thus paying a discount
for his stock as he presumably is not worried about the 0.03-0.05p ?
Anyway as before any drop is a buying opportunity and plenty look to be
taking advantage of it, when the sellers dry up the stock will bounce back
again, a long term hold.
chrissie
- 19 Oct 2005 16:38
- 817 of 890
Exactly, how can peeps be concerned when the Chairman has recently invested so much money. Not that I am happy at the moment but just not panicking that's all, happy to sit and wait!
The Owl
- 19 Oct 2005 23:04
- 818 of 890
Very wise Chrissie!
PW will notice 122,000 of 700k disappearing.
Let's see what emerges from AGM. MOI has been 0.25p and back to 1.20p within 2 months before. Can understand people wanting to sell. I'm sticking till we know Chapter 3 (Sept 2006 or before)..
The Owl
- 19 Oct 2005 23:05
- 819 of 890
Update on Langbar with whom MOI would like to have a joint venture via IDC...
19 Oct 2005
Langbar waiting for its $294m
Eric Barkas
City Editor
IF, when you put the cat out tonight, you stumble across $294m, please send it on to Stuart Pearson.
He'd like the money, as would Langbar International, the cash shell company he runs from Leeds which has suspended its shares on the Aim market.
The money is said to have left Brazil and ought to be deposited with the merchant bank ABN Amro's Netherlands office.
But nobody can be sure.
The cash could be in a holding account or a nominee account. It could be in the middle of the Atlantic between South America and Europe.
Maybe ABN has it already but, such is the mega-billion scope of its operations, it wouldn't notice.
It's a paper trail for the missing millions. Langbar has appointed independent auditors to track down the money. The result could be known in days or weeks, depending on how the trail unfolds.
In the meantime, Langbar is off the list and, in more than 10 years of writing about the City, this scribe has never had such an enthusiastic following for his outpourings.
A lot of private punters have put a lot of money into Langbar. So have institutions, including Merrill Lynch, Gartmore and Henderson, who you would think would have nailed down the cash before they invested.
If the small guys get it wrong it's sad, but part of the game. If the big guys get stuffed there will be hell to pay.
Once $294m was found to be wandering the world, Langbar had a problem. That problem was compounded by the decision of its previous chief Mariusz Rybak a Canadian living in Monaco to sell down his holding from 44 per cent to just under 20 per cent.
The shares bombed on fears that Mr Rybak knew something that nobody else knew. Mr Pearson took the decision to roll the problems up, seek suspension, and get in the independents to sort it out.
"I'm taking the moral high ground, I'm not believing anybody," he says. "I can't believe the money has disappeared."
Maybe part of the problem is transferring assets from the struggling economy of Brazil to Europe. Getting out straight cash can be difficult because it could undermine the economy hence the bank-to-bank deal between Brazil and ABN.
A bit of history is required here. Langbar grew from Crown Corporation, an investment company that raised money but found precious little in which to invest.
Thanks largely to dealing in public finance initiative contracts in Argentina and subscriptions from more than 2,000 Jewish settlers in that country it raised lots of cash.
The current cash pile is estimated at some 360m, putting the suspended share price of 50p at a big discount to net asset value.
Sums of this kind drew in investors. The big questions are: is the cash there and, if so, can we get at it?
There seems little doubt that the cash is real. Getting it is the problem.
It's hard enough to do border-to-border deals in the EU. Langbar is a smorgasbord of continents.
The company is registered for tax reasons in Bermuda, has most of its assets in Brazil via Argentina, its former chief is a Canadian resident in Monaco, it holds board meetings in Barcelona, is looking to do property deals in Spain and Portugal and it is run by Mr Pearson from rural Stainburn.
It could be, as Mr Pearson argues, that dealing with developing economies can be a lottery. If so, expect more of the same.
Langbar has another $360m in Brazil that is primed for its southern European property venture. Rather than a cash transfer of the $294m which the company would use to reward shareholders or make acquisitions, the $360m would go towards the Iberian property deal.
Asset swapping between Brazil and its colonisers in Portugal and by virtue of clout - Spain is easier than getting your hands on cash.
This story has a long way to run. And Langbar has agreed a shares deal for the Bradford marketing company Real Affinity. If the shares stay depressed then this deal could be revisited.
eric.barkas@ypn.co.uk
19 October 2005
stockdog
- 19 Oct 2005 23:30
- 820 of 890
"I can't believe the money has disappeared." Seems like SP at least recognises the possibility. Curiouser and curiouser, said Alice, as the caterpillar broke off another piece of Brazilian mushroom and began to eat it while a big grin spread over its wrinkled face. Talk about Dutch cheese!