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Fortune Oil Share Chat (FTO)



Share Price: 8.52Bid: 8.51Ask: 8.86Change: 0.01 (+0.12%)Riser - Fortune Oil
Spread: 0.35Spread as %: 4.11%Open: 8.51High: 8.80Low: 8.51Yesterday’s Close: 8.51


Share Discussion for Fortune Oil (FTO)


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Del44
Posts: 1,743
Off Topic
Opinion:No Opinion
Price:8.88
rugs
21 Aug '13
No real news in there that was not already known... CGH put out statement this morning.. http://www.hkex.com.hk/eng/csm/ShowNews.asp?mkt=hk&FileName=http://www.hkexnews.hk/listedco/listconews/sehk/2013/0820/LTN20130820840.pdf which indicates the deal has gone through..

Still no news on the new JV with Sinopec and Maoming Mooring...
Armenia still been studied.....We await word from the Monopolies commission regarding the waiver of rule 9.
Its quite dull with no real news of sorts.....so would be surprised if it had investors running out to buy it today...:)
 
rugs
Posts: 456
Off Topic
Opinion:No Opinion
Price:9.00
interim results
21 Aug '13
ok, we see a reduction in net profit but a healthy increase in assets primarily due to the shareholding in CGH. Del, would appreciate your comments on the figures when u have had time to digest them. Share price appears steady as I write.
Del44
Posts: 1,743
Off Topic
Opinion:No Opinion
Price:8.70
AT
20 Aug '13
Quite a few AT triggered just below 8.80p this morning......MMs attempting to get some stock but the sp is holding up so far...:)
calisto
Posts: 854
Off Topic
Opinion:No Opinion
Price:8.90
They should
20 Aug '13
Make it ex dividend at the close of business today ie before they "officially" announce it tomorrow if they do of course to reward long suffering shareholders and not the mm spivs who have been holding the shares back for years
Del44
Posts: 1,743
Off Topic
Opinion:No Opinion
Price:9.00
shatter
19 Aug '13
I am certainly no expert and merely give my opinion on these boards like everyone else based on my own research and gained knowledge.
But the bid is staying below 8.80p which I believe without news is a trigger for sells stop losses.
The ceiling is been reached..slowly which indicates to me that MMs are unsure of news this Wednesday and dont want to trigger any large volume sells..just yet...not having absorbed millions this last few months..:)

We may have a surprise or two with this rns....hopefully...
Del44
Posts: 1,743
Off Topic
Opinion:No Opinion
Price:9.00
Quady
19 Aug '13
I expect it will come with Wednesday's interim statement. it will most likely be treated as a one off divi but with the usual rules as with the full year divi..and subject to approval from general meeting to be held(not arranged yet).
So going forward it may be announced in its own time for holders up to a period in the future and then it will go Ex Dividend on a certain date.
Would imagine some are awaiting that clarification...
Quady
Posts: 271
Off Topic
Opinion:No Opinion
Price:9.00
Thoughts please
19 Aug '13
Do you think that when they announce the 2.36 pence divi , that the date will be set from who holds the shares at the time , or does anyone believe it will be before a certain date .
shatter
Posts: 5,067
Off Topic
Opinion:No Opinion
Price:9.00
volume low, but
19 Aug '13
Could that be the 8.80p level now ? This needs to be up around the 10p when they formally announce the 2.36 divi. Going in the right direction..
Del44
Posts: 1,743
Off Topic
Opinion:No Opinion
Price:8.63
...
19 Aug '13
There use to be a decent run up in sp in the past but not sure that will happen this time...
But we can expect updates on certain assets progression such as Bluesky division,Liulin ,Maoming single point mooring in particular.
And our current position with CGH may have further clarification now that the deal has been approved...
So hopefully a positive week. But 8.80p level remains tough to break through for the time been...
When the bid gets above that I will feel more confident about prospects
Del44
Posts: 1,743
Off Topic
Opinion:No Opinion
Price:8.63
Interim results
19 Aug '13
2013 Half year report due on Wednesday morning...



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