The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
from HL website 16:45 - 22/03 volume 36406157 buy @ 7.74p value £2,817,836.55
The FTO trampoline could still stretch a little further, but when the bounce comes it will be bigger than a Russian Oligarchs' savings in Cyprus. GL
Spread is over 20 per cent , looks like their is an expectation of some more de investing , however this is by no means a broke company . Looks like the standard listing is affecting us more than anyone thought , but we still are a cash rich company with income not loss , a blessing in an ever tougher economic climate .
Seems now all hot air in the last year forget the price u may see 5 p soon , the shine has now gone off this company we r only first division with a crappy board and strategy, we r worth what we r worth division will be cut next
somebody should call the company and suggest a special dividend of 10 pence to compenate shareholders for the poor share pice performance and or lack of market understanding of company strategy
Not all institutions and funds have that regulation to abide with.. Pension funds do mostly...but worth remembering also that the actually funds are quite small... The coming weeks will tell if it was a PI selling or institution...
...in FTO is 30,000 shares. Price quotes are for this quantity only anything over that can fluctuate...
Premium listing has more tighter regulations regarding where and when the company can seek approval from shareholders regarding the company... Standard listing are less stringent....Check here for more help... http://www.wragge.com/analysis_5607.asp#.UUs5Yzc0_TQ They are not additional shares...Large blocks of shares are sold off market more frequently in today's markets then in the past...If I want to sell 20 million shares in FTO, I would be better off selling to someone who wants that kind of volume. But it may mean having to sell for less then the market quoted price...Remember..quoted prices are only good for the lot size quoted..(FTO's is about 30k shares) The block is sold only when the buyers are in place but the transaction invariable will be carried out at a lower price.... The gas asset deal was announced along side the 18% increase in FTO's sp...but that is now gone and we are below where we were before that announcement... The deal now awaits approval from MOFCOM in China...hopefully sooner rather then later.. The company needs to apply more clarity to its intentions regarding the direction of the company now... Also worth noting....someone has bought a lot of shares in FTO today at a decent price. The buying may even have been from Asia... Speculating now...:)
Yours much appreciated. So it could be Citibank, L&G or Goldman doing the selling as FTO no longer a 'premium listed stock'. Believe Citi ownership linked with Vitol but the other two have some 150 mio between them so we could see some heavy sales. Thanks your input
A large amount of stock has been sold in the past few days...for sure!! About 1% of the company... and it was conducted off the main trading floor.... There are a number of institutions who may wish to sell out as this stock is no longer a premium listed stock. Some institutions have rules which prevent them holding stock in anything other then premium listed stock...so these may be sellers in the coming weeks as they unwind. The market may be anticipating further large share sales and accordingly are not to keen to mark the price up. How quickly buyers can be found is all important as we do not know who is now buying in at these levels...... With any luck...it may be Asian investors who see FTO as a backdoor way into one of the biggest growing companies in China presently..... Keep an eye on the volume...and good luck..:)
Saw your reply to Chris. Where do you think the market is going to settle ? I used to be quite close to Vitol and I think they maintain their interest in FTO
Would imagine you may get your wish...:) I suspect there is quite a lot on shares out there on the bid side.. The company announces its annual results around the last week in April....
Many thanks, my old man has held these for years and I keep an eye on them. Seem very cheap, will see if more II selling tomorrow and probably take a stake if still under the magic 9p. Cheers for the link.
The latest report is here.. Cash position is good... http://www.fortune-oil.com/upload/4490_FOR_HYR_12.pdf
Is there any overall presentation link anywhere struggled on the FTO website and was wondering cash levels etc? Looking cheap but like to see some more info, any suggestions?
A large block of shares are been sold off market...To big an amount to put up on the market as the stock is too illiquid for that.. They were probably sold for 9p when the sp was showing over 10p in the market.. Somebody bought 18.5 million shares @ 9.25p this morning.. So you can have millions bought in the market, but the volume weighted price is going to be lower if the seller sold there lot @ 9p...The market is absorbing them.. But it also brings out more sellers as the volume is increased and bigger deals can be done... The off market trades (Dark pool) gives sellers the option to sell large volume without going into the market outright...once you can find buyers for them...but at much lower prices...
fwiw .... looks like a holder (insti .... perhaps L&G) has reduced their holding .... anyway its in the price now and looks to have cleared ..... probably linked to the recent RNS .... they must have holding rules ..... for me the SP is pretty damm cheap given the break up valuation ..... fortune favours the brave (buyers)....
I really cannot understand how some 20 mio shares have been purchased before 1100am against sales of under 1 mio and yet the share price is down 10 pct. Suppose it at least it has allowed me to buy a few more at 9.2
ok thanx,behind the scenes trades ,the usual then.lol..
I think we have some institutions selling off stock exchange before 25th march when premium indices listing disappear.. Dark pool trading....No other reason I can think of...
What?? is that post code...:)
.............................................
Fnx will read up
Down over 1p in early trading this morning.. No news....
Not as tightly regulated as premium... Institutions tend not to invest directly in companies.... Read more here... http://www.wragge.com/analysis_5607.asp#.UUlzhzc0_TQ