Interesting discussion. However I think it's important to keep in mind two things.
1. The markings on the forte plates was certainly done locally, it is engraved, not stamped as is typical and the mount was done within Africa. The symbols are typical and similar can be seen in the sword attached (formerly in my collection).
2. The blade marks are stamped deeply. I have zero doubts the blade stamps were done in Europe, it is my understanding these would be stamped while the blade as hot. Doing this after the blade left Europe would destroy the temper.
Engraving over stamping is quite typical when you see local additions to older blades within the context of takouba. Often fairly lightly scratched, or in the case of forte plates like this, a bit deeper. The difference to European stamps is quite clear when you handle these in person.
As for the meaning of the letters, I can't claim a better idea than any of the others posited here, however to my eyes the As are clearly Ms and one is badly stamped. I would doubt a clear meaning will ever be forthcoming from this inscription but that in do way hurts the appeal of this honest, hard working and quite old sword. I also favor a 17th century dating for this blade, likely originally a schiavona.
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