Going forward, hard to figure, as we do not know how many shares FTO may get in the second payment(which FTO have indicated they will opt for shares over cash) The gas sale consideration states only total amount of shares but at no price, that can be paid out to FTO. So in my opinion, if CGH share price were to rocket in the next 6 months, FTO may well opt for cash instead of shares and use the money else were.....
Evening Del , had done the maths , (number of shares times divi then changed from hong kong dollars to pounds ) and understand the 1.8 million figure , very nice on the bottom line , however wanted to extrapolate what the divi would have been for future years with the increased share in CGH , once the deal goes through , ( they must buy the share option with all this good news surely )would I be right at about 3.4 to 3.7 million pounds .
No! Regardless of the gas sale deal.....CGG (of which FTO is 50% holder) will still be entitled to the divi due as shareholders in CGH Our 50% stake will be worth about £1.8 million to FTO in total divi this year....
Thank you Del , for the CGH video , outlining CGH's position , am I correct , that although dividend has increased 116.3 % for CGH , that because the FTO deal has not gone through yet , that we do not get such a large payout to FTO , but in subsequent years the payout looks to be considerably larger. If this is the case , I am wondering if a calculation can be done , using this years payout , to extrapolate what percentage of earnings will the CGH dividend be for FTO's percentage of profit .
Super dooper news ...... like the bit about the divi payout aim to pay 30% of EPS..... super dooper..... You can guess I'm really chuffed with this news ..... SP bottomed I reckon..... up to the giddy heights of 10p plus soon ....
Deal hopefully completed by end of July... CGH have already begun integrating Fortune Gas and guaranteed profits from t/o document (HK$200 mill this year and HK$400 mill next year) are already a head of projected targets.....so looking good after all Below is video link to press conference....begins in Mandarin but goes into English quite soon.... @ 9.15 talks about Fortune Gas.... http://media.openbriefing.com/hke/384/FYR13_260613/MC/index.html
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