Member Info for Del44

DMA=Direct Market Access. If you subscribe to a premium Level 2 account, you can input prices directly to the book. So, if I want to, I can buy on the bid side of the book. They are usually the "A" trades you see going through. If I were to phone my broker with an order, it would usually go through as an "O" trade.

I didn't miss your point......If you indeed have DMA, then you clearly can buy on the bid,which would be a sell to another investor. You can find more trades going through on this platform as well... http://www.isdx.com/forcompanies/ourcompanies/companydetail/default.aspx?securityid=10391

I agree there may very well be some investors mistakenly buying, believing the cvr and the deal in general, is a 15p cash deal.....which clearly it is not. We have another court date in the not to distant future, so lets just wait and see how that goes....... "but will we get a second that is the $64k question.".......absolutely not. This deal is about 10p and 10p only....do not delude oneself thinking anything else. They have more then stated that in the document......it is a £250 million take over...nothing more a low ball low steal deal. But enough for now...:-)

All buys are sells and all sells are buys. Just noting that someone had bid over 10p per share and got filled at over 10p per share....:-)

24th February......@ 09:38 am trade.....20,000 shares....10.02p

24th February......@ 09:38 am trade.....20,000 shares....

Someone just sold and got over 10p a share....:-)

Effective Date Completion of the Acquisition is conditional upon the satisfaction of the conditions to the Scheme. Following satisfaction of these conditions, the hearings of the petition to the Court to sanction the Scheme and to confirm the related capital reduction are expected to take place on 4 March 2015 and 6 March 2015, respectively. Subject to the Court sanctioning the Scheme and the satisfaction of certain other conditions, it is expected that the last day of dealings in, and for registration of transfers of, Fortune Oil Shares will be 3 March 2015 and that the Scheme will become effective on 9 March 2015. Settlement If the Scheme becomes effective on 9 March 2015, it will be binding on all Fortune Oil Shareholders, whether or not they attended or voted in favour of the Scheme and the Special Resolution at the Court Meetings and General Meeting. If the Scheme becomes effective on 9 March 2015, payment of the Cash Consideration to Fortune Oil Shareholders will be made by 23 March 2015.

Overwhelmingly passed.... This is now binding on all shareholders in FTO....good night..

But equally, you could say the stable sp is a sign the deal was voted through!! But more surprised that no one has posted who may have been at it...:-) I think they have until 17:30 to put out an rns....

Surprised no rns this afternoon.

M Stanley recommends to collect gas stocks; CHINA GAS HOLD upgraded to Equalweight 2015/02/11 14:56 Morgan Stanley said in a report that Chinese gas sector has dropped 6%-30% since the fourth quarter of 2014, but has gained 11.6% as compared to the HSCEI during the same period, reflecting investors' three major concerns: (1) the uncertainty in gas pricing mechanism changes; (2) international crude oil price decline offsetting the competitive edge of natural gas; (3) the weakening of the economy in Mainland China. However, the broker took a bullish view towards the industry and suggested investors should buy on dip. Morgan Stanley raised CHINA GAS HOLD (00384.HK)rating from Underweight to Equalweight. Target price was lifted to $12.8 from $12.1

JPM: Certain gas stocks have better risk-reward after corrections; China Gas/BJE top picks 2015/02/11 12:38 Affected by the weak demand growth of gas and decline in oil price, gas stocks have underperformed the market by 25%-45% in the past six months; besides, the market believed that the mixed natural gas cost will basically remain unchanged with the new calculation method, JP Morgan said in a report. However, the broker pointed out that certain gas stocks have better risk-reward after corrections in share price. BEIJING ENT (00392.HK) and CHINA GAS HOLD (00384.HK) are chosen as top picks.

Thanks for that Panofscouse.....:-)

Vote against the scheme...blue. Vote against the capital reduction....yellow. Don't bother with the other one as it is defaulted to cash...but not really unlikely according to the independent directors in the offer document..... Good luck...

http://tinyurl.com/pclaz9y

Good post tjpana....It does highlight the earnings potential of CGH going forward...... My reference point regarding the Sinopec/ENN consortium attempted take over in a previous post, was to also highlight the ludicrously low opportunistic attempt at HK$3.50...which failed miserably. CGH is currently trading on a historic PE of 21...not overly generous for the growth potential and sector in which it is trading in, in China.... Sinopec failed because they made to low an offer at a time when there was doubt about the main directors of CGH, which proved to be groundless. This offer can be seen in similar light. It has transmuted into a holding company with very good upside potential, profit wise.... The sp may or may not fall if the scheme is rejected but I still remember many of the so called experts saying something similar about CGH back then....and as I posted below...look at the sp now...cause it is a big earner... and the dividend payout is expected to grow to about 30% of after tax profits in the next few years from its current 21.5% currently.... And jag on iii, your missing my point about the letter....I do not expect FD or FTO to be bothered by a little letter sent by a few disgruntled shareholders... Of course I do not expect it to bother them at all.....;-) Good luck all....

Vote against the scheme...blue. Vote against the capital reduction....yellow. Don't bother with the other one as it is defaulted to cash...but not really unlikely according to the independent directors in the offer document.....

monoco65.. The cash offer is only 10p per share...thats all.... The cvr has a price range of max...5p (unlikely by Independent directors of FTO) or 0p min within a one year deadline.....The cvr can according to the independent directors be deemed highly unlikely....so really not worth the consideration, in my own opinion....

Well this day next week we should know a little more as to the direction of FTO......If you are unsure...then selling in to the market may be the best decision...If you are holding then vote, one way or another.... If the board get the 75% they need, then we will get our 10p cash and move on. The cvr, in my view, looks highly unlikely (Page 15 note 4....."the Independent Fortune Oil Directors believe that a sale of some or all of the China Gas Holdings shares is unlikely.") So the offer is 10p cash in my view. If they don't get the 75% needed, then we are in a different game and who knows where the sp will go.....so if you are nervous of this out come...then sell...The way in which the offer document is presented, allows for an offer only without the scheme, if the consortium so wish....but weather they will or not, is a gamble that may not be to many investor's liking... I remember a few years back when Sinopec/ENN made their opportunistic HK$3.50 a share bid for CGH and refused to increase their bid in the face of a group of investors holding out against their terms......They lost face as well as the bid target by not increasing the bid......and what happened to the sp of CGH after the failed attempted bid? They are currently sitting at HK$12.50 per share after a near 25% correction since late November 2014!!! So nobody really knows what may happen to the sp next week in the event of the scheme failing... Simon Thompson has an article in this week's IC.......'..... However, the minimum cash offer of 10p would be a bargain buy for the acquirer and having a close look at the offer document I feel that an outright cash bid of 15p a share is more reasonable, given that Fortune's NAV is closer to 20p a share if the stake in China Gas is marked to market value. Sit tight.' Good luck to all.....