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Fortune Oil Share Chat (FTO)



Share Price: 7.80Bid: 7.80Ask: 7.90Change: 0.00 (0.00%)No Movement on Fortune Oil
Spread: 0.10Spread as %: 1.28%Open: 7.52High: 7.98Low: 7.52Yesterday’s Close: 7.80


Share Discussion for Fortune Oil (FTO)


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shatter
Posts: 5,094
Off Topic
Opinion:No Opinion
Price:8.79
Volume miniscule, but..
22 Aug '13
Nice to see a little blue after the sea of red yesterday..
 
Del44
Posts: 1,779
Off Topic
Opinion:No Opinion
Price:8.79
chris211
21 Aug '13
It is OK because you can cancel when you want to.
I might take it for a months subscription and then cancel..it depends on what I am monitoring at the time..
But L2 is not great to be honest and I would not have a full subscription running all the time as it just does not really help.
Example...
The best bid may show say 10p for 200,000 shares.
Someone with DMA may hit that for say 100.,000 so then the best bid goes to 100,000 @ 10p..so far so good.
Someone else who does not have DMA may sell 100,000 as an O trade and it does not seem to affect the L2 book which still remains 100.000.
So in that way it does not give you a true reflection on the book.
Of course it may very well be an iceberg order showing but it does not seem to be the case as I have studied it for some time..
shatter
Posts: 5,094
Off Topic
Opinion:No Opinion
Price:8.79
Drip
21 Aug '13
Yeah, im with the Halifax . The shares were added the following day ..
Del44
Posts: 1,779
Off Topic
Opinion:No Opinion
Price:8.79
Royboy8
21 Aug '13
Cheers for that mate...Will get in touch with Capita immediately...:)
Thanks again..
Royboy8
Posts: 1
Off Topic
Opinion:No Opinion
Price:8.79
DRIP
21 Aug '13
DRIP shares in my account, transaction dated 16 th August.
Del44
Posts: 1,779
Off Topic
Opinion:No Opinion
Price:8.79
Quady
21 Aug '13
Yeah...I read that earlier on an other board...
To be honest the structure and grammar of the sentence is misleading.
But I have checked my account and to date no drip shares have been lodged thus far... However last year it was nearly a week before I received them in full, so still early, I guess..
But I will keep an eye on it all the same..
Quady
Posts: 280
Question
Opinion:No Opinion
Price:8.79
Strange posting on FTO
21 Aug '13
Can anyone make sense of this . Del I know you use drip , have you had the same problem .

15:55 Divi Reinvested PMP1
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I usualy have my dividend reinvested in shares but this time it wasn't. On asking today why it wasn't I was told that shares were only being bought and not sold at present can anyone confirm this as it doesn't make sense to me?
shatter
Posts: 5,094
Off Topic
Opinion:No Opinion
Price:8.80
Quady
21 Aug '13
It is a complicated share and difficult to read at the best of times. As you state there are still many problems..
shatter
Posts: 5,094
Off Topic
Opinion:No Opinion
Price:8.80
Del44
21 Aug '13
Thanks for your posts..i can see no downside but the market does not seem to like the fact that there are only 43% of shares in freefloat. The market cap is almost half the net asset value as pointed out by their broker ! I might take another punt and buy a few more. A fairly safe bet.
Quady
Posts: 280
Observation
Opinion:No Opinion
Price:8.80
NOT GOOD
21 Aug '13
For me the bad news is page 27 section 6 of the half year results . This shows that last year we made profit of 0.32 pence per share , but after discountinued operations we only make 0.06 pence per share , a loss of 0.26 pence per share and certainly not enough to matain the dividend . Realise that we will hopefully get some income from CGH , but also Armenia looks like it will burn cash for some time to come . I do not believe it tells the whole story , but with 500,000,000 new shares coming on line , this means a further dilution of the divi . The good news is an increased holding in CGH , Blueskys increasing profit and a lower cost base . I feel the problem with this share is that it is becoming increasingly political within China , and that we need more than 50 per cent of shares on the open market , before we start too get some real value in this company , Otherwise it's eternal hope , I will be holding on for the next divi , but after that if it makes 13p again I am out of here .



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