Member Info for Del44

They are listed on the Standard Listed segment of the Official List and to trading on the London Stock Exchange's Main Market for Listed Securities... They were on the premium listing until recent sale of FGIH to China Gas Holdings..

The link is from 2004 but still has relevance...Expansion may very well open up other deals with Sinopec, now that they are familiar with us from the head to head at CGH, last year. http://www.gasandoil.com/news/2005/01/cns50414 Increasing its capacity could be quite profitable as an income earner, as it is through the very profitable Southern region or gateway. I posted some time back that indeed the brothers may decide to change their policy regarding the dividend (post 29th January 2014) but that as it stands now, a 20% pay out on atp could see a larger share going to private shareholders. One can only speculate as too why they wish to remain with a listing in London. But cutting the dividend may go against their plan...perhaps...:-)

Interesting points , but perhaps not comparable with FTO mainly because of the small size of FTO as the holding company in CGH..(£250 million cap...V..£4.5 Billion cap) As IC pointed out, our asset value should show a rise on last year plus with associate status accountancy, we should see rises on our balance sheet pro rata. That could have a significant bearing on our dividend pay out, should it still be kept. The recent $300 million loan facility will possibly be ear marked for FTO's % of expansion of Maoming with Sinopec. But we await news on that as it has been very quite since its announcement.. Anyway Quady, hopefully we shall be better informed soon, but nice to speculate either way in the mean time...:-)

Well done mate...A good news story... Am just in from work but had I seen your post earlier, I would have suggested strongly..to sell. Always nice to get a profit.... As is usual with a spike here at FTO, the volume is high (usually over 6 Million) for a few days and then it falls off and goes sub 1 million, then sub 1/2 million. The price gives back almost all of it's rise on paltry volume and thats when the big fall in sp occurs...with dismay volume. So far we are on course for the same. What I have noticed about this spike thus far, is the lack of "A" trades flying in as is the usual case. They are there, just not as many as I would have expected. This leads me to guess, they were not aware of the positive news from IC last week. The trades are of the "O" type, which usually means investors who are in for a while and not a quick flip. Interesting also, are the number of big trades that have gone through as well, which have supplied the liquidity, for the new investors. Bids @ 10.50p and higher are give long term holders a real price of around 13p, with recent divi included. To tempting for some and understandable as well.. The IC article highlighted some good points regarding FTO. The article was as interesting for what it didn't say as for what it did say... 1. Maoming..new contract and bigger then before, with Sinopec. Update due. Sinopec hold 4.9% of CGH. 2. Bluesky aviation fuel expansion in partnership with BP and state company. 3. China Gas Group. More news due. 50% JV with Mr. Liu Ming Hui, Managing Director, President and a founder of China Gas Holdings Limited. 4. Company structure. Company to announce new management changes since sale of gas division. 5. Armenia update. 6. Affect of associate status to FTO's accounts. The last is vital as it will directly effect our future dividend payout. So our second interim results in the next 2 weeks, should give an understanding to exactly what the IC article was getting at. What has been a partial downer for FTO over the last number of years, has been the up and down nature of the profits, with the selling of assets each time. With our exposure to CGH getting established, it should supply some firm numbers on which to forecast going forward as our financial year ends in tandem with CGH now. Worth remembering also...."That past performance is not a guide to future performance" We shall see......:-)

Well if any of my posts regarding FTO have in any way influenced you in to making a profit...then I am truly delighted for you. However, I suspect it was more down to your own due diligence on the matter, then any of my musings....LOL Good luck to you...

It is tempting indeed shatter..... I am of the same thought but with ALL my holdings as the liquidity is quite good at the moment....:-)

Stale bulls, very stale bulls. many got locked in here when it reached 14p peak a few years back. At this price (plus the special divi) many are seeing it as a get out with out too much loss after a few years. Many are also frustrated by its constant troughs and are out. Then it could be its usual spike,...so many are getting out. The CP has nothing to do with this rise in my view. Most of the trades are of the "O" type trade, which implies mainly new Private investors coming on board. So considering the recent divi (cash) plus current sp...equals many exiting with minimum loss... Weather they are right or wrong...time will tell...:-)

Its interesting that any buying today was quickly met with selling back down...so while the offer had quite a few trades done @ 11.15p...the bid was mauled each time it went to 11p. I reason this is because the special divi gives us a true value of 13.30p when the bid goes to 11p. An area with lots of selling. An update at the end of this month should help establish the market with this current interest building in FTO. My gripe about IC people is based on lazy research in past articles but we should all be doing our own research anyway. The chart is getting interesting but this stock has proven frustrating in the last few years. A mere 50k shares sold tomorrow can see the share fall dramatically due to its illiquid trading..We have had 2 days of 6 million plus trading and for the charts to have significance...volume must be maintained. I have seen this share fall over 5% on just 100k shares traded.... So I watch like all long termers here...

I was doing a bit of home research on some other stock I have been looking at. I usually pull up a 3 year chart and run some numbers etc before deciding on an investment decision. Anyway, running the 3 year chart on FTO showed up a nice pattern... You can see it on LSE charts as well. Open the charts menu above and input 3 year chart. This chart covers our most recent all time high of a closing 14.50p. The highs have more or less been descending each peak and more importantly, the lows have definitely been moving lower each year in tandem. Classic bear market...in the long view of course..Note how long we have spent at the last and almost lowest point in the 3 year period (allowing for a near 25% issuing of new shares) So, what it is saying for now? 10.90p/11p is our natural top for this spike and may prove hard to resist for sellers. We are also around 12.80p with special divi added, which has a load more resistance from stale bulls going back to the 14.50p high. Which ever way you look at it, 11p area is quite a resistant area... On the upside, if we have finished with the lower run of low share prices, then we may be about to embark on a run of higher highs, an event, that would herald a change in direction for Fortune's fortunes and all long termers in here...of which there are many..:-) While not a great admirer of the researchers at the IC, it may be that there written article attempting to explain the FTO position in China gas Holdings, may just be the catalyst we need. Thanks to there mis reporting of our year end, many new investors may be pleasantly surprised, to have good news much sooner then the reported April of there article.. Like in 3 weeks time!!! GLA...

I have just reread the article in the hard copy format. I t is of interest that,no guidance was given regarding profit. This is a crucial point for me as it determines potential dividend income. NAV is one thing but after tax profit is quite another, as our board still has a policy of paying out 20% of ATP. I also noticed that no mention was made of the fact that we are paying a dividend and currently yield around about 1.5% at current sp.... I had read that it could be around £40 BTP with associate status boosting our year end results but that forecast has since been removed..... We may get some indication at the end of the month. Including the special dividend recently, we are now around 12.80p which is of great resistance in the last few years...shall we see a change this year???

....was much larger then I first thought...It was nearer 16 million if you add in these shares as well.... http://www.isdx.com/forcompanies/ourcompanies/companydetail/default.aspx?securityid=10391 Some times investors don't see there trade go through..mainly cause they may go through here..

The article is interesting but not accurate.. We have no results in April as we are realigning our results and year end with CGH, so our full year results are issued at the end of July, hence forth.. The rest I agree with...LOL

[ET Net News Agency, 5 February 2014] Citi Research raised its price target for China Gas Holdings (00384) to HK$13 from HK$11.3, and maintained its "buy" rating. Citi said the company should benefit from rising natural gas usage in China, as China imports more gas and looks for a cleaner energy source to help address the air pollution issue. Its near-term earnings should also benefit from margin improvement from its LPG segment. The research house raised its gas volume growth forecast for China Gas (20%+ Y/Y, from 18%/17% in FY2014/FY15 previously). The company is promoting a gas-heating furnace, which may help boost residential gas usage in the medium term. http://www.etnet.com.hk/www/tc/news/categorized_news_detail_eng.php?newsid=ETE240205138&page=1&category=research

I think that is in respect of company buy backs of their own shares for cancelling...

We did get assets (cash & shares). But the dilution to eps, comes about with the increase in shares in issue. If our profits rise by 10%, it will still look like an eps decrease cause we have issued so many more shares (near 25%) The cash received will not be earning much and the stake received in CGH shares is unclear, as to how they will be dealt with in the FTO Holding company's accounts.. Chris:: They can buy as many as they want. But I think in order to keep a listing on the London market, they must have a certain % of shares in free float..(not sure, but it may be about 25% for small companies..but repeat not sure of %) If they pass that limit, I think it is mandatory to make an outstanding offer, for the remaining shares, at or above the most recent buying price in the preceding year prior to any offer.. Have not checked for definite on the rules...but something like that, when last I looked!!! GLA..

No real coverage to be honest... With the big increase in shares in issue (near 24%) its anyone's guess!!!

Chris, the dust is beginning to settle and the deal is done. What are the benefits for FTO? The dividend CGH pay is miniscule and will be seen as a small income on our investment in CGH.. If associate status can help our balance sheet and our after tax profit, then it will affect our (FTO) dividend. FTO's policy is to pay out 20% of atp to shareholders. For example..if we made £10 million atp, then 20% (£2M) would be paid out between us shareholders.. With associate status..if we made £30m atp then 20%(£6M) would be paid out to us shareholders. A much larger dividend then the current 0.016p currently been paid out.... But I must stress, this was the stated policy of the board BEFORE the recent changes.....The Chieu brothers may have changed their collective minds...LOL We can only wait and see.....

:)

HK$0.022 x 550.34246m shares = HK$12.117534m ... 12.11 HKD = 0.939580 GBP.... So Quady, just under a million to FTO...

Hi Tom.. I honestly believe that the quoted piece from below is relating to any large number of shares that come up for sale. This would make sense as they could purchase off market and prevent a disaster like last year's sale into the market by L&G... But due to illiquid nature of stock, it would make no sense for them to attempt to purchase under present circumstances.. The last part of the below quote, never ceases to amaze me!!! It probably made sense in Chinese or Cantonese but certainly not in English...LOL