Member Info for Del44

There are some large buyers @ the offer now. Possible iceberg trade @ 12p but it is been taken..over a million bought in the last few minutes....

Over 5% rise to HK$14.70....Looking back, it was a good decision taking the shares in CGH last November @ HK$8.70 per share. Our direct and indirect steak in CGH now worth over half a billion pounds !! Upgrades on the way for CGH... http://www.aastocks.com/EN/ltp/LTP_RT_Quote/HK6/NOW.611992.html The company is targeting sales of 30 billion cubic meters by 2020. “I’m expecting some explosive sales growth down the road,” Executive Chairman Liu Minghui said at a briefing in Hong Kong yesterday, following the company’s earnings release. China Gas sold 8 billion cubic meters of gas in the year ended March 31, and plans to sell 10 billion cubic meters in 2015 and 12 billion in 2016, it said in a statement. The end-of-decade target is “very achievable,” based on China’s total consumption estimate of 450 billion cubic meters by 2020, Liu said. Gas Development “The entire Chinese natural gas sector is set to develop very fast,” said Yan Shi, an analyst at UOB Kay Hian Ltd. in Shanghai. “Growth at China Gas should outpace the industry as a whole since they’re already in a good position.” http://www.bloomberg.com/news/2014-06-25/china-gas-profit-increases-47-on-higher-natural-gas-sales.html

FTO have the crappest web site for a public quoted company...it hasn't been updated since stone tools were used for writing... Expect results by this time next month...... Hopefully, yest, there will be a divi this year...:-)

China Gas Holdings Ltd. (384), which supplies 237 cities in the country, plans to increase sales threefold to 30 billion cubic meters by 2020 as the nation starts to import natural gas from Russia. “I’m expecting some explosive sales growth down the road,” Executive Chairman Liu Minghui said at a briefing in Hong Kong today. The company sold 8 billion cubic meters of natural gas in the year ended March 31, according to earnings released today. It plans to sell 10 billion cubic meters in 2015 and 12 billion in 2016. The end-of-decade target is “very achievable,” based on China’s total consumption estimate of 450 billion cubic meters by 2020, Liu said. http://www.bloomberg.com/news/2014-06-25/china-gas-profit-increases-47-on-higher-natural-gas-sales.html

Of course...below should read £16 million...not £16....:-)...LOL

I think the mms got some cheap stock this morning and yesterday....These figures for CGH are very strong. Especially allowing for capex on filling stations, which is been fast tracked. LPG which has usually been weak is doing better. Plus worth remembering that many of the city concessions are in an area of China that has major supply side issues for gas, which will be addressed by the new deal recently signed with Russia. Profit margins slightly down but to be expected at this stage. FTO may not have met the guaranteed target of £16 under the sale of FGIH...Possibly short by £800,000...but not definite....Still looks like early stages of growth for CGH...big increase in industrial and commercial users, with bigger market share with new gas supplies coming on stream this year and next.. Our investment looks a lot safer after this set of results....just need to see how it translates on to FTO's balance sheet...

That large buy @ 11.5p has been taken now..... With no big trade sitting on the bid side....I think some are going to have their faith tested today..LOL

The vessel refueling business was sold to CGH in last year's deal....We may be meeting our agreed profit targets for FGIH and so may have no penalties to incur..... [ET Net News Agency, 19 June 2014] Daiwa Research lifted its target price for China Gas (00384) to HK$14.6 from HK$10, and maintained its "outperform" rating. The research house believes China Gas will be another beneficiary of the 38bcm gas supply from Russia to China, due to be commissioned in 2018. It also noted that China Gas is pioneering the LNG vessel refuelling market with its upcoming Chongqing terminal. Daiwa expects the LNG vessel refuelling business to contribute around 15% of the net profit for FY2018, and help maintain the company's unit dollar margin at RMB0.6/m3. (KL) http://www.etnet.com.hk/www/tc/news/categorized_news_detail_eng.php?newsid=ETE240619131&page=1&category=research

What??????

Perhaps next week as CGH issue their full year results next Wednesday......although not sure the market still understands FTO connection to CGH.

Company web site says "End of July"....but no actually date. Would be expecting them any time after 20th July, in my opinion....

HONG KONG — Petrochina, the country’s biggest oil and gas producer, stands to win from Russia’s $400bn deal to supply natural gas to China as it will provide gas at a price lower than expected. A steady source of Russian gas will help China meet growing demand at a time when it is struggling to exploit its own natural gas reserves, said a note from Morena Skalamera, a research fellow at Harvard Kennedy School’s Belfer Centre for Science and International Affairs. "The deal is an economic game changer as PetroChina lands an attractive gas deal at a price that carries a 10% discount to what EU countries are paying, and a 40% discount to current LNG prices," said Gordon Kwan, oil and gas research head at Nomura International Hong Kong. PetroChina runs most of parent company China National Petroleum’s pipeline, refining and marketing. "This could potentially lift Petro China’s earnings per share estimate by about 10%, once gas sales start in 2018 or 2019," Mr Kwan said. China-based natural gas distributors such as China Gas Holdings and Beijing Enterprises Holdings also stand to gain as their profits are linked to gas sales. China Gas, which supplies natural gas to 208 cities in Asia’s biggest economy, has gained 76% in the past year as air pollution in cities including Beijing and Tianjin exceeded hazardous levels several times last year, prompting measures to curb burning of coal and encourage natural gas use. Bank of America Merrill Lynch raised China Gas to buy from neutral today, saying the Russia natural gas deal will improve the company’s gas sales after northeastern China begins to receive new supply from 2018. "The Russian gas deal is positive across the board for natural gas distributors in China, as increased supplies and relatively modest import prices will bring every player extra earnings down the road," said Shi Yan, a UOB analyst in Shanghai. http://www.bdlive.co.za/world/asia/2014/05/23/chinese-companies-will-profit-from-the-transaction

Just like to be accurate when ever possible..:-) I don't want the spelling police on my back....LOL

The below post should read the following....Those 32 concessions are now going to be targeted for development as most are highly populated regions.... sorry.....

In the latest research reports, BofA Merrill Lynch said the Sino-Russian natural gas supply agreement will benefit CHINA GAS HOLD and CHINA RES GAS most.......... as they have 32 and 24 concession rights in Northeast China, respectively. The Bank upgraded CHINA GAS HOLD from Neutral to Buy, with target raised from $13.5 to $14.5. http://www.aastocks.com/EN/News/HK6/61/NOW.606321.html Those 32 concessions are not going to be targeted for development as most are highly populated regions.... They are also in a much colder region of China, where winters can be quite harsh.....I recall reading (or hearing via video link) the CFO of CGH stating that over half of all concessions are not profitable yet as there is not the proper supply of gas needed to fulfill contracts. This deal changes everything and in particular for CGH. Furthermore, I believe that CGH may indeed begin to throw an eye over competitors, who may not have the capability nor finance to react to this new game changing deal with Russia.. The Chinese gas industry may find itself under going further and much needed consolidation if it is to meet the huge potential this deal has opened up....

China-based natural gas distributors such as China Gas Holdings Ltd. (384) and China Resources Gas Group Ltd. (1193) also stand to gain as their profits are linked most closely to gas sales.PetroChina gained 0.9 percent to HK$9.38 as of 10:05 a.m. in Hong Kong, compared with a 0.8 percent gain in the city’s benchmark Hang Seng Index. China Gas jumped 6 percent to HK$13.12; China Resources Gas gained 4.7 percent to HK$25.60 http://www.bloomberg.com/news/2014-05-22/petrochina-gas-distributors-stand-to-gain-from-russia-gas-deal.html

CGH was sold down to HK$12.04 this morning but rallied into the close on rumours that a deal had been struck with Russia after all... I will be interested to see how CGH's sp responds to this news tomorrow. Quite a number of CGH city distribution rights are in the north east region but have been under developed due to a lack of gas flow and general bottle necks with gas supply. With this deal in place it will allow for further development of the infrastructure and an increase in profits nett for CGH. Beijing Enterprises may become more active in CGH now...... This deal after all these years is a genuine game changer for all of those city gas concessions that have so far not contributed thus far to CGH bottom line...

Cheers earnacrust... Got that posted first thing this morning. Makes for a very positive view especially as Russia seem ready to agree a gas deal with China...

With the near break down in relations between Russia and EU....China could see an improving in relations with Russia. One big advantage would be the stalled gas negotiations between the two. This could be about to change. And CGH would benefit from any increase in gas supply. http://www.aastocks.com/EN/ltp/LTP_RT_Quote/HK6/NOW.605630.html Many of the 200 plus city concessions that CGH hold do not have sufficient gas supplies into them, due to shortages. CGH is up strongly today...

Good research note published recently...of interest to us, turn to page 30... http://www.kimeng.com.hk/upload/research_reports/ChinaGasSector_20140326_IC.pdf