Member Info for Del44

For those still in, these are the dates to watch out for..... Dispatch of Scheme Document, together with the Forms of Proxy and Form of Election 16 January 2015 (or as soon as reasonably practicable thereafter) Court Meeting to approve Scheme 9 February 2015 (or as soon as reasonably practicable thereafter) General Meeting to approve Resolutions 9 February 2015 (or as soon as reasonably practicable thereafter) Scheme Court Hearing to approve Scheme 26 February 2015 (or as soon as reasonably practicable thereafter) Reduction Court Hearing to approve the Reduction of Capital 2 March 2015 (or as soon as reasonably practicable thereafter) Effective date of Scheme 3 March 2015 (or the Business Day following the Reduction Court Hearing) Dispatch of cash consideration Within 14 days after the Effective Date Good luck to you all.....:-)

I would imagine by holding FTO as a private company for say a year...would easily lead to a doubling of your investment, if it were to be sold on as a going concern investment company..at least a doubling... My expectation is that Vitol with its near 45% in Fortune Dynasty will have a greater plan for CGH....Those two are matched up for sure.....and Danny boy has his angle in there as well.... Its a low ball offer on the cash side only....as to the cvrs? Time will tell....

Cheers mate... The Baggies have just beaten Hull 1-0, Pulis is in charge and I have a possible 10p cash offer on the table at the moment.....Well 2 out of 3 aint bad...LOL... Have a good weekend yourself....

Looking at the recent disclosures through rns releases, I would say most certainly yes now.... What ever chance PIs had, is most likely gone now.. Those blocks of shares belong to friendly holders of the board in my view. Plus...FIL have been net sellers in the last quarter...no reason to believe they are going to make any kind of stand......The offer document may have a little more intention in it regarding the cvrs....that may give a stronger indication that they intend to give some value to them..... Just a hunch. I could have sold yesterday for 9.55p. With the market looking wobbly...I suspect many PIs may take the cash, in order to reinvest in any potential downturn in the market....Just my reading of it at the moment...If as an investor, you feel the cvr element is worthless, then why not sell in the market for the sake of .45p per share plus commission...unless your tight like me...:-)

Under the terms of the Acquisition, which is subject to the Conditions and further terms set out in Appendix I to this Announcement, if the Scheme becomes Effective those Scheme Shareholders on the register of members of Fortune Oil at the Scheme Record Time...... Effective date of Scheme... 3 March 2015 (or the Business Day following the Reduction Court Hearing) So still time to load up and grab a few % upside...:-) http://www.lse.co.uk/share-regulatory-news.asp?shareprice=FTO&ArticleCode=sugy8ad4&ArticleHeadline=Offer_for_Fortune_Oil

Somebody was bidding 10.25p in the auction...LOL. Boy, they really want their FTO shares...:-)

Because of their below the declared level of 3%...I have no idea as to when they were purchased.....They may have held them for a long time or they may have taken the positions recently.... They may all help to get the 75% needed...of course, I would not be implying that they are in any way part of the consortium because clearly they are not!! They may all be happy with 10p plus the cvrs.....

Another declared opening stake..... http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=3&vw=story&SecurityToken=0P00007OBL]3]0]E0WWE%24%24ALL&Id=0P00007OBL&ClientFund=0&CurrencyId=GBP&story=364539644228786

We are in what I think is a notification period.. I think anybody with 1% or more of FTO, has to post their position once they trade in the securities of FTO during the time of the bid. Premier upped their holding a while back as well.... Was very tempted to take 9.50p this afternoon and be done with it all... Didn't though!!

Nice thought intergalatic...:-) But he has been a shareholder in FTO, I believe since it debuted on the market back in the 90's. Most likely will vote with the offer, in my opinion.... Probably forgotten he even has these shares in FTO...LOL...

OK...I found it....:-) If you check out the 2014 full year results, you will find that on page 38, under significant shareholdings, the following... HSBC Global Custody Nominee (UK) Limited......86,349,377...... 3.34...... Indirect. Kerry Holdings Limited, the main investment holding company of the Kuok Group in Hong Kong, has the ultimate beneficial interest in 84,828,800 ordinary shares registered in the name of HSBC Global Custody Nominee (UK) Limited. The most recent rns does indicate that they have upped their holding by a few million... http://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=3&vw=story&SecurityToken=0P00007OBL]3]0]E0WWE%24%24ALL&Id=0P00007OBL&ClientFund=0&CurrencyId=GBP&story=364539644220575 But the majority, they already held and have held for quite some time...

Just that 90 million shares is decent amount to have bought on the day of the announced offer....

Have checked around there...cant find anything... Can you post a link please?... Thanks...

Hi rugs... Do you have a link to that... Cheers....

Good post mate!!!

Life indeed is just a blink of an eye..... Good luck to all in the new year......

I think this link will explain the push to become private..... http://www.bloomberg.com/news/2014-12-18/vitol-raises-bet-on-china-s-energy-industry-with-fortune-oil-bid.html Vitol will increase its share in the consortium to near 44% in Fortune Dynasty after this deal goes through....There will be some huge economy of scale saving and cost reduction for CGH with Vitol becoming a bigger player in CGH.... I believe Taylor is the driving force behind this, hence the fact that Vitol is financing the deal from there own means!!!

But Chieu could still be in a win win position....Yes he wants to take FTO private and before the real value of CGH starts flowing through. But unless it is expressly in the interest of Fortune Dynasty to do so quickly, I cant help but feel that another year in public hands, could see the sp back down in the low single figures. In which case a lower bid could be made. Pure conjecture at the moment. Of course the opposite could also happen. That is to say, that the real underling value becomes apparent and the sp remains buoyant after a lapsed bid, in anticipation of an increased bid this time next year..... Either way, I don't expect to be around to see it....LOL...

We need to find out the legal position regarding the failing of getting the 75% acceptance level..... In the event the bid fails and is withdrawn, then the sp may probably slide and settle lower, much lower and indeed with no increased bid, this is a likely scenario to be considered by all investors. While any investor who decides to vote no must bare this in mind. Further down the line, the company may come back and make a reduced bid based on the sp a year from now, which may not be near 10p.. It is just a scenario to think about. THE DEGREE OF CONTROL, IN WHICH WE DO NOT HAVE OVER THE CGH SHARES HAS BEEN A REVELATION TO ME. I am very disappointed with this only been announced recently. Why? So weather an increased bid would be forthcoming from the consortium if they felt the need to get the vote through, is in my opinion, been optimistic. As we stand, I would take the offer if 75% acceptance is reached and would sell to the company rather then into the market. But thats only as things stand at the moment... Still expect twists and turns ahead....

Between all the bb, there seem to be very, very few who are happy with the possible offer. It would seem that the cvrs have rather annoyed most investors. I think mainly because not to many investors have any confidence in Daniel Chieu and his end game strategy, which seems to exclude current minority shareholders. VSA, until quite recently, were posting a price target of the mid 20p level and giving good reason for that target. That has changed to10p advice to the independent directors...... The market as usual, doesn't believe or has zero confidence in the Chieu brother's utterances on anything to do with FTO..... I expect we may eventually get some "lead" as to how FIL and the others may vote, when we get publication of the offer. The bid at 9.60p is probably as high as it will go as to move it any higher will trigger AT. We have very little information on the scheme other then the rns of the 18th Dec....BUT we do know it can be changed in the intervening time....or it can even be dropped and replaced by an outright offer, which can be tweaked. I would also be keeping an eye on CGH's sp as well, as they had over 54 million shares traded on Christmas eve, compared to a daily average of around 5/8 million shares. Rather strange development that.....