Member Info for Del44

Per chance....an RNS tomorrow regarding Maoming single point mooring business...

Was looking at that forecast of pre tax profits of £40m.....Quite staggered as to where that number came from.. Perhaps it was guidance given by Daniel Chieu on his recent visit to London... Perhaps associate status is applied retrospectively for 2013?? I don't know... But I would like to know where that surge in growth will come from otherwise.... IMS in the next few weeks may enlighten us then...

Same here.....Any shares I get now are all through the DRIP programme..... I would only start buying these with cash...if and when they start trading much higher then now....

I can give 2 reasons in my view.. 1. The sp does not reflect the company's cash position or asset position properly. 2. Certain parties to the concert party can now freely buy shares on the open market, where before, they could not...

shatter: No. For the 600 million shares issued...what have we got? We got Wilmar's 15% stake..which is $30 million and $30 million equivalent shares in CGH. We bought cash and asset for the extra shares...

They are bought in the market on the payment day. No new shares are issued under DRIPS....No increased dilution.....

DaveJames....SSSSssshhhhhhhh Don't say it to loud...am taking my divi in DRIPS....:) But yes, your right in what you say...in my view...

The key dates for the Dividend are detailed below. Ex-dividend date 9 October 2013 Record date 11 October 2013 Deadline for receipt of DRIP mandate forms 11 October 2013 Dividend payment date 25 October 2013 So we go ex div on 9th Oct

For $200 million..read $170 million...my error...:)

The first $200 million payment has already been banked, thank you very much... After 30 June 2013, the liquidity of the Company improved as a result of bank loans of US$54 million(c. £33.7 million) in aggregate being repaid in July and August 2013. On 7 August 2013, the Company announced that it had issued the Loan Notes. On 12 August 2013, Fortune announced that China Gas Holdings had informed the Company that MOFCOM Approval had been received for the FGIH Transaction. As a consequence, the first part of the consideration of US$170 million (c. £106.2 million) was received in late August 2013 improving the liquidity of the Company. Following these events, the Company’s level of borrowings has dropped significantly from the peak at June 2013. The level of borrowings of the Company at the date of this document is principally the outstanding amount of the Morgan Stanley syndicated loan of US$108 million (c. £67.4 million) and the Loan Notes. Following receipt of consideration for the FGIH Transaction of US$170 million (c. £106.2 million) and at the date of this document, the Company is in net cash position with sufficient cash to settle all the outstanding borrowings. Reading through the Prospectus just now...and it may go ex divi tomorrow as the new shares are admitted on to the market...Record date to be made known but should come soon after...:)

Are you ramping again Mistralis...:)...lol

Well it has now but I am not sure weather the time difference of a day will materially affect the upward trend.. By the way...thanks again for your input.... 10.25p mid close was unexpected to me so quickly after going through 9.80p (my main resistance). That said volume for this stock is usually around 300k to 800k daily so volume is risinf.. You really don't see resistance before 13p? Interesting!!

Your welcome cipro.. I am merely posting what is already out there and I too have gained much from the input of others here... Which is what it is all about really..:) Thanks again..

This from the recent rns regarding the Company position... If Resolution 1 is passed at the General Meeting, following the issue of the Consideration Shares and the Loan Shares in connection with the Proposed Acquisition and the Loan Settlement, respectively, the Concert Party will hold approximately 57.8 per cent. of the Enlarged Issued Share Capital and consequently will have the ability to increase its aggregate interest in the issued share capital of the Company without having to make a Rule 9 offer for the Company under the Takeover Code. In addition, Daniel Chiu and First Level Holdings Limited will control a holding of approximately 51.2 per cent. of the Enlarged Issued Share Capital and each will be free to increase their interests in Ordinary Shares without incurring an obligation to make a Rule 9 offer under the Takeover Code. Other members of the Concert Party will individually continue to be subject to obligations under Rule 9 of the Takeover Code unless the Panel consents to waive those obligations in accordance with Note 4 to Rule 9.1 of the Takeover Code. It clearly looks like they do not want to take over the company as it stands.... But I do think they will buy what others don't want in the market...

Those 2 delayed publication trades were buys not sells...

Pure speculation of course on my part...I should add...

Of sorts.. But they want to waiver the right to make a take over, as the deal will have the concert parties owning over 55%... They don't want to trigger a t/o.......not any time soon anyhow...:)

Certainly not a take over.... But an interesting development none the less...

Yeah, actually. Quite a bit... Might be worth reading the last few rns released by the company, particularly these ones... http://www.lse.co.uk/share-regulatory-news.asp?shareprice=FTO&ArticleCode=ygde3dat&ArticleHeadline=Posting_of_Circular_and_Notice_of_General_Meeting http://www.lse.co.uk/share-regulatory-news.asp?shareprice=FTO&ArticleCode=e8c0ftzx&ArticleHeadline=Regulatory_Approval_for_FGIH_Transaction http://www.lse.co.uk/share-regulatory-news.asp?shareprice=FTO&ArticleCode=hjea2hcb&ArticleHeadline=Proposed_Acquisition_and_Loan_Settlement There is quite a bit going on around the edges her.... Dare I say of course...DYOR...:) Cheers ...

Well, there is nothing to stop Daniel Chieu from building up a larger stake by buying on the London market. Then floating off a big proportion of that stake to help list on the HKSE at a higher price. I am quite sure that is what lies behind this negotiation.. Boost up your holding to around 65% by purchasing cheap stock on the open market and then, once associate status and final payment is received from CGH etc.... Offer perhaps the minimum amount of shares to participate in a listing on HKSE @ a higher price then purchased in London... Generate good value and interest....:) Getting the picture??