Member Info for Del44

Deal hopefully completed by end of July... CGH have already begun integrating Fortune Gas and guaranteed profits from t/o document (HK$200 mill this year and HK$400 mill next year) are already a head of projected targets.....so looking good after all Below is video link to press conference....begins in Mandarin but goes into English quite soon.... @ 9.15 talks about Fortune Gas.... http://media.openbriefing.com/hke/384/FYR13_260613/MC/index.html Thanks...

China gas holdings issue full year results, year ending March 2013... http://www.hkexnews.hk/listedco/listconews/SEHK/2013/0626/LTN20130626256.pdf AND Gas industry set for rapid growth in next few years....thanks Philip Reid from iii.... http://www.lngworldnews.com/china-gas-industry-to-be-worth-670-bln-cubic-meters-by-2020-report-says/

http://www.bbc.co.uk/news/business-22766639

Your welcome... The buy V sell ratio is not a good indicator as it really is difficult to know what is a buy/sell trade. The bid price is even better, simply by watching if it is been moved higher as investors try to out bid each other to buy stock... Today FTO had over 750k shares on the bid side been sought....but never got the stock because they did not raise the bid price. keeping the spread very wide "hides" trades as well... Good luck..

Also "A" type trades can be buys even if on the bid price...

What I don't under stand is how the bid price dropped by 0.09 and the SP went up 0.05. That is because the last AT went through @ 8.05p The next lot of shares came up on the bid @ 7.91p but have not traded since.. So last trade is 8.05p Cheers..

Some Chinese investment projects, including those for airports, paper pulp factories and gas fields, will no longer need pre-approval from the nation’s economic planning agency. In all, 117 “approval items” can go ahead without authorization or be approved by local governments, according to a list published by the State Council on May 15. http://www.bloomberg.com/news/2013-05-16/china-cuts-investment-red-tape-as-li-shows-stimulus-reluctance.html

http://www.aastocks.com/EN/News/HK6/61/NOW.545737.html Goldman Sachs noted in a research report that CHINA GAS HOLD (00384.HK)'s positive profit alert met the expectation of the research house, which estimates the earning to grow 64% yearly to $1.567 billion. The Company's 1H net profit soared 86% yearly to $808 million, hinting net profit of $759 million in 2H. The future concerns include the development of CNG / LNG stations with SINOPEC CORP (00386.HK); possible completion of acquisition of Fortune Gas; exit of LPG import business; agreement related to LPG with SINOPEC CORP. The research house lifted the 2013 EPS forecast by 3%. The target price is lifted from $7.6 to $8, with Neutral rating maintained.

5/27/2013 12:25:34 PM (Infocast News) UBS has raised target price for China Gas Holdings Limited (00384) by 18% to HK$7.9 and maintained the stock's "Neutral" rating. "Since China Gas' LPG business was acquired from Zhongyou in 2008, it had a lacklustre performance. This has contributed a mild net loss to the company's earnings. It has primarily been caused by low gross margin on wholesale sales, high operating expenses from diseconomies of scales and high finance expenses on LPG imports," the brokerage says in its research report. UBS thinks the acquisition of Panva Gas, and the potential strategic cooperation with Sinopec could change investors' perception on the LPG business prospects starting in the fiscal year ending 2014. It expects the margins of China Gas to improve markedly, driven by more high-margin retail customers downstream, disposing of some LPG terminals and lower finance expense from its LPG imports. The cooperation could also potentially lift LPG sales volumes for China Gas to achieve economies of scale, with Sinopec giving China Gas priority access to its LPG supplies as stated in their cooperation framework, the brokerage says. UBS has revised earnings forecasts for China Gas down by 9.3% for fiscal 2013 and up by 6% to 7% for fiscal 2014-2015.

Since investing in FTO, this acronym MOFCOM has become a thorn to any investors in China...:) This might be an interesting (or not) read to wile away the days and months while awaiting approval for the recent gas sale to CGH... http://www.dlapiper.com/files/Publication/29d1e2d4-a57c-4c54-a2ba-8aeb8320ca58/Presentation/PublicationAttachment/2a8d3d9f-e314-4b5b-8e5b-2c8832ce2e43/Practical_Guide_to_Merger_Control_in_China_Nov_2011.pdf

Got this from 25/3/2010 RNS about Liulin reserves... In December 2009 FLG and CUCBM completed the application for certification of reserves totalling 5 billion cubic metres (180 billion cubic feet) for seams 3, 4 and 5 in a northern section of the block. The formal certification is still awaiting a final sign-off from the Ministry of Land and Resources. Application for reserves certification for additional coal seams across the block will be possible once the 2010 drilling campaign has been completed. Against this from IMS of 17/5/2013.... Chinese Reserves Certification obtained across the Liulin block for seams 3,4,5,8 and 9. The Chinese certification reported a total gas in place of 21.8 billion cubic meters. That is quite an increase from just the northern section of the block... I almost missed that... The technology that FLG uses is specific for the geological area, which is vastly different from USA fields... Price increases are due for wellhead extraction and also because it is an conventional energy, the tax is much lower as well. China Industry regulators are gaining the ear of high official at last, and are now pushing for reform of the industry rather then any form of "Quantitative easing" Reduce the red tape and speed up the bureaucracy process.. With CGH now well financed....FLG could now be looked upon for some bigger developments, with a bit more muscle behind it...:) Also a good read posted on iii board from Phillip Reid. Thanks Phillip...great find... http://uk.finance.yahoo.com/news/china-president-takes-charge-sweeping-053534356.html;_ylt=ApopBdejuUAK6uplBLZvYGTSr7FG;_ylu=X3oDMTNya2prYW80BG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDYzUyMzRiZjEtZmI5Ni0zNDBiLTg5MWMtZWI1ODc3NGQzODk4BHBvcwMxBHNlYwN0b3Bfc3RvcnkEdmVyA2NkNjRlMGEwLWJlYjMtMTFlMi1hNzdhLTVjMDljYmZmNDRjMA--;_ylg=X3oDMTFkajQyMG9pBGludGwDZ2IEbGFuZwNlbi1nYgRwc3RhaWQDBHBzdGNhdANob21lBHB0A3BtaA--;_ylv=3

Thanks for the comments..but just sharing what I find.... It may be helpful to some..it may not. With regards to the IMS today..(just in from work) I am more confident now in our guarantee to CGH (should the deal get approval) of FTO reaching its set targets in the sale prospectus for net gas profits. With the market connections increasing along with Natural Gas Sales volumes increasing 21 per cent. to 151.3 million cubic metres in Q1 (Q1 2012: 125.6 million cubic meters)...I feel it is less likely that any penalty for shortfall on these projections.... The potential deal looks more secure.... CBM has had a big increase in reserves(and we could still buy out Dart energy Int's % stake yet) Very surprised with the progress at Armenia....I am warming to this project now...:) From iii board....any chartists?... Start with the obvious....short term ..bullish but only up to 8.75p (in below 8p..not bad) Remember opening trade today @ 8.25p & a closing trade of 8.37p. Some clarification on L&G would be nice as it over hangs the market.....perhaps someone knows... Not the traders...they stayed away today...all ordinary investors getting in today.. Watch Monday trading...if many trades done above 8.75p then signal change on the way.. If not...nothing new...:) Good weekend....

L&G have not purchased any shares in FTO recently. They are unwinding their holdings in FTO on account of the fact that FTO no longer has a premium listing on the LSE. They held over 104 million shares in FTO until mid December, when they started selling. They sold about 40 million recently and again last week,. They have gone from over 5% holding to below 3%. They no longer need to give notification of any further sales in FTO shares.. So you could say there is a question mark hanging over about 66 million shares in FTO and when and how it will be sold. In the market or out of the market. for the disposal.......the market is betting ...in the market. We shall see....:) GL.

The sale of shares by L&G continues (as seen by the recent 5 million trade @ 8p) As best as I can figure out they have sold their holding so far for 8P on the button each time. They now hold approximately 66 million shares which is now below notification level and now, in my view are about to close out of FTO completely. Expect the next sale to go through @ 8p as well but perhaps in one big lump to someone who would rather not to have the publicity of declaring above 3%... But as always dyor....:)

Noticeable increase in bid activity today... Some big bids coming into the close today, which I haven't seen for a good while... The bid was moved up throughout the day... The 5 million trade today may have been a delayed trade as most of the L&G sell is been carried out at this 8p level...

yeah the dividend has fallen from last year but then they are now heavily invested in CGH...so had to be expected..

The AGM will be held at 11am on Tuesday, 18 June 2013 at the Oriental Club, Stratford House, Stratford Place, London W1C1ES, United Kingdom.

Thanks for that...

The bid/offer spread was kept unusually wide all of today....7.85p/8.30p....it most probably was done to put those trades through. Most of the trades today were around 8p/8.10p bar for 2...1 higher..1 lower then that range.. So with a large spread, it is difficult to know what was a sale and what was a buy today.. I think it is done to disguise a trade(or trades) If MMs don't update the bid/offer price then LSE will mark them as a sell or buy based on the middle price..which was 8.08p most of today..... IMO, I wouldn't be surprised if throughout the sale of L&G shares in FTO, that someone in the far east may be buying up some stock but staying below the 3% level, thus below the radar.. Its interesting...:)

The bid/offer was 7.80p/8.30p at the time but he 3.2 million trades were done @ 8p... I think it still part of the L&G unwinding of their recent share sale... I thought it may have been finished but obviously not.... Those trades have had no impact on the current share price which would be unusual to say the least..:)