A few facts to remember...5 Nov 2014 19:31
Fact: The sp has been hammered since the July results. Fall from 12.50p to current 7.50p.
Fact: Our small divi was cancelled.
Fact: We are now temporarily an Investment holding company. We own no controlling business.
Fact: We have lost our premium listing for a standard listing because we own no business.
Fact: Chin Gas Holdings (CGH) is the country's largest piped-gas distributor by number of networks across the nation. Are the number one dominant force and growing.
Fact: CGH's current Market Cap is HK$68.7 billion.....£5.55 billion pounds.
Fact: FTO directly own 184,119,463 in CGH.
Fact: Through FTO's 50/50 JV China Gas Group (CGG), FTO indirectly own another 737,374,000 shares in CGH.
Fact: FTO interest in CGH is currently 18.62%
Fact: They have a near 25% steak in Bluesky aviation largest aviation distributor by volume and growing.
Fact: They have at least two more JVs with SOE in energy sector..
Fact: Worth remembering these values when looking at the current sp.....
So, our sp is currently in the doldrums but usually is around this time each year (check the 5 year chart above).
Half year results are due by the end of the month in tandem with CGH in Hong Kong......Expect the unexpected with this company...:-)
Good luck all...