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Fortune Oil Share Chat (FTO)



Share Price: 7.75Bid: 7.52Ask: 7.75Change: -0.05 (-0.64%)Faller - Fortune Oil
Spread: 0.23Spread as %: 3.06%Open: 7.75High: 7.75Low: 7.75Yesterday’s Close: 7.80


Share Discussion for Fortune Oil (FTO)


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Deaneo
Posts: 8
Off Topic
Opinion:Buy
Price:8.65
Special divi
26 Aug '13
Hi,

Does anyone know the proposed dates for the special divi? also is it possible to get a quick update on these. 2 week holiday for august and I lose touch with the world. Has a general meeting been arranged?

full breakdown would help if possible. Thanks.
 
shatter
Posts: 5,111
Off Topic
Opinion:No Opinion
Price:8.65
oops
24 Aug '13
wrong board...
shatter
Posts: 5,111
Off Topic
Opinion:No Opinion
Price:8.65
Oh
24 Aug '13
and could you refrain from posting 16 month old videos...
shatter
Posts: 5,111
Off Topic
Opinion:No Opinion
Price:8.81
Chan
23 Aug '13
I need to average down but just cant get my finger too the buy button. Maybe next week. have a good weekend..
Chan
Posts: 7,985
Off Topic
Opinion:No Opinion
Price:8.81
Shatter
23 Aug '13
Hi Shatter, hope you are well. Yeah, a bit of nostalgia today. I've been in and out of FTO several times. Lost interest for a bit but bought a few some weeks back and topped up today. Like us all, I'm hoping things will pick up for Fortune. If the Dividend proposal goes through that will be a nice extra for Shareholders and I'm optimistic
about the Stock. Have a good weekend Mate.
Chan
Posts: 7,985
Observation
Opinion:No Opinion
Price:8.81
Chinese News
23 Aug '13
Market expectations for Chinese policymakers to relax restrictions on oil imports and allow trading of crude oil futures have been increasing, given that Chinese regulatory bodies recently granted a crude oil warehouse license to a private company in the city of Zhoushan in Zhejiang province.
•Statistics show that in the first half of 2013, China issued crude oil warehouse licenses to a total of seven companies, two of which were private firms. Regulatory bodies’ continuous efforts to open up the domestic oil import market have not helped private firms that much, given that they still face many obstacles in entering the market monopolized by state-owned giants. Experts believe that the current market monopoly can hardly be broken up in the next few years.
•Previous media reports said that China may allow more private refineries to import crude oil from overseas markets. The country is expected to increase its crude oil import quota by at least 10 million metric tons by 2014. Currently, China grants the majority of oil import quotas to state-owned oil companies while only allowing a few private firms to import foreign oil.
Aug 23, 2013 4:37 PM GMT+0800•
FTO's Website states _____China is the world second largest importer and consumer of crude oil. Fortune Oil first developed oil terminals in China over 14 years ago and remains one of the few international investors in onshore oil infrastructure. Currently the company operations include supplying jet fuel to most of the airports in south and central China and delivering 4% of China crude oil imports. The company is well positioned to benefit from the accelerated growth in energy imports and future liberalization of the China oil markets under the WTO agreements.
Fingers crossed
shatter
Posts: 5,111
Off Topic
Opinion:No Opinion
Price:8.81
Chan
23 Aug '13
Hi, it would seem that i was here in 2009 and bought some in and around the 6p mark, selling at just over the 8p mark. I was out until 2011 when i bought again! I now have a holding at 11.7p. ( bought some for the kids at 12.14p....oops). Its a very hard share to read and its a slow burner. One day...!!!!!
Chan
Posts: 7,985
Off Topic
Opinion:No Opinion
Price:8.81
Historic View
23 Aug '13
Just checking back, my first purchase of FTO was in October 2007 @ 7.04p. The year Shatter joined LSE.
It's gone up and down ever since. Seems to return to 8p level often after hitting highs of 12 to 14p. Hoping we might see some rising momentum that will take the SP further up and settle higher than mentioned. GLA &
DYOR.
Chan
Posts: 7,985
Off Topic
Opinion:No Opinion
Price:8.81
Del44
23 Aug '13
I didn't check back on the posts but thought that would have been posted. No harm done anyhow.

I did see the other post and she's 'sound' . Fill ya' boots I reckon!
Del44
Posts: 1,803
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:8.81
shatter
23 Aug '13
Yeah and I noticed they kept the bid just shy of the 8.80p mark to hold back triggers...:)



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