Member Info for Del44

It really is a strange one this divi thing!! Firstly, the sp should come down to reflect the value that leaves the company..normally... Secondly, I would imagine there are many who just want out on the next spike, regardless of the divi. But from a fundamental point of view, a drop in the sp post divi would not make sense as the value of the company was never "in " the price in the first place. If we get higher volume in the coming week then I would feel I could better understand the next step.. And of course, we don't know how the concert party will react to the freedom of been allowed to purchase shares in the open market.. Presently, they would not have to buy many to support the current price.... Interesting...

Well you were pretty on the money there...:) It appears to be attempting to 9.7p, which is interesting as I expected quite a bit of resistance around 9.55p

Had a write up in yesterday's Times Tempus column....

....:)

Just read the article in Tempus. The author explains that he tipped the stock because the figures didn't add up then and seems to reiterate, they still don't!! He says that CEO Daniel Chiu is over here in London to reassure investors, regarding FTO... He will perhaps be at the General Meeting next week, so to take some questions on the strategy he is deploying for FTO!!

Thanks for that rugs... i was wondering why the mark up in sp at the start of trading this morning... It may give us a heads up before the vote next week o resolutions... But lots of resistance around here, I suspect..

Its not known yet Chris. The general meeting has to vote to approve the 3 resolutions. Once that is done and only then, can the date for divi payment and going ex be announced. So, I expect there are quite a few investors thinking along the same lines as you at the moment.. We will have to wait until after the general meeting results...

LOLOLOL.. I know what ye both mean!!! Perhaps we may even get them cheaper with the fall in sp to be expected as they are bought on the pay out day and not before it...:)

Will you take more shares or the cash?

Now you sir...are a long term holder investor....:)

I am more confident of the holding in CGH bearing fruit then I am off the short term fall after the divi pay out... I do recall, not that long ago, some investors were calling for a special dividend to be paid out as a reward for long term holders of FTO.. Guess you just cant win.. SP performance has been abysmal to be honest but I think the fundamentals are growing stronger each day..... But will continue to monitor sp and am still happy to take drips as divi payment over cash...

There has been quite a few delayed trade publications recently...... Hard to see trade with the bid back below 9p in my view.... Just not many takers....

Notice of a general meeting (the "General Meeting") to approve the Proposals, which will be held at 11:00 a.m. on 25 September 2013 at the offices of Reed Smith LLP, The Broadgate Tower, 20 Primrose Street, London EC2A 2RS.

Don't talk about the creaking body...:) Geographically, just to far away to go myself but I express your sentiments to anyone who is going... The bid/offer price is jumping around like nobody's business today... I feel the last of the L&G shares have been hovered up by Premier Energy and Water Trust PLC , we appear to be back to a more stable market with shares tending to be in short supply now... Just think the bid below is not to enticing to many...

Try here http://www.chinagasholdings.com.hk/uploadfiles/2013090410075231.pdf

Have just gone through a lot of the rns releases over the last year and am even more convinced of the high standing that CGH is now held in over in China.. They do appear to be the new poster boy over there and have even made it on to Forbes nifty fifty Asian stock list... http://www.chinagasholdings.com.hk/uploadfiles/2013090410075231.pdf...(thanks to serious investor) We could very shortly hold directly over 10% in a fast growing business that could look like an early days Reebok investment.... I will stay with my drips programme for this divi as this gains momentum upwards..me thinks..:)

Good to hear from you again Tom.. Am in agreement with you on sp after ex date.. Think it is to low as we speak.... Just reread circular again and believe some bigger developments are a head regarding CGH... This hurdle, once over allows for associate status for FTO..plus CGH looks to be embarking on a major expansion plan that is sucking in all the big boys over in China. Trust still in place here too.. Hope all is well with you ...

I think the approval of all resolutions could mean that the sp may very well be bought on any weakness by the concert party now.. It may very well be that we are now on a road to a buy out at some future point....

The Independent Directors are willing to allow the Concert Party to acquire interests in Ordinary Shares that would take the Concert Party, in aggregate, to over a 50 per cent. holding in the Enlarged Issued Share Capital, as they believe this will be beneficial to shareholders of Fortune Oil as a whole. Certain members of the Concert Party have been unable to acquire Ordinary Shares when there have been sellers in the market for such shares without triggering a Rule 9 offer under the Takeover Code and this has exerted downward pressure on Fortune Oil's share price. Consequently, in recent years, Fortune Oil's share price has not responded as the directors of the Company might have expected, despite the Company's positive financial and operational track record.

Never heard of them but they have just under 5% of FTO... http://www.investegate.co.uk/article.aspx?id=20130903160000P9EF2