Member Info for Del44

A number of broker houses are reviewing CGH earnings potential now that a deal with Sinopec is almost complete.. Sinopec has over 30,000 gas stations across China & CGH will participate in remodeling thousands of these to CHG/LNG which has a bigger profit margin then household piped gas..... http://www.chinascopefinancial.com/en/news/post/23266.html Our current investment in CGH is @ an average price of about HK$4.25 (after recent buying) & with a direct % attributable to FTO of about 7.5/8% (our 50% of CGG current stake) is looking a very astute move by the board each day...There is very good underpinning here....even if the market is not taking FTO seriously, others certainly are. FTO should conclude a new and expanded deal with Sinopec itself shortly regarding Maoring JV... 2013 update due before the end of this month....

[ET Net News Agency, 2 May 2013] Jefferies Research raised its target price for China Gas (00384) to HK$9 from HK$5.9, and upgraded the stock to "buy" from "hold". Given China Gas's ambitions for CNG/LNG gas sales volume to account for 15% of total gas sales margin, the research house believes it will not only benefit from growing volumes but sees margin expand in the coming years. Jefferies noted that China Gas is targeting CNG/LNG gas sales to account for 15% of gas sales volume by 2015. The house believes that mix shift should lead to cash margins expanding as the margins of CNG sales are substantially higher than typical city gas sales margins. http://www.etnet.com.hk/www/tc/news/categorized_news_detail_eng.php?newsid=ETE230502137&page=1&category=research

Did you purchase in the auction at the end of trading?

Dart Energy have announced that their part in the Liulin CBM block is now up for sale... http://clients.weblink.com.au/clients/dartenergy/article.asp?asx=DTE&view=2732802

A wait and watch so..... Am not always at a screen and would not get in here unless I was... We have rules here!!!!...:)

Continues...closing near its low today.. Not much support.. I am not in..yet..but even dead cats bounce......Right?

Perhaps a bid for ENN Corporation might be on the cards by CGH.... They will still have over $200 million in the bank...A sizable pot for acquisitions.... http://www.etnet.com.hk/www/tc/news/categorized_news_detail_eng.php?newsid=ETE230429169&page=1&category=company Quady: The market in FTO had no orders on the book @ 08.01 and what you were looking at was the book unadjusted from Fridays close. They are limited orders that have been there for some time....but it is not reflective of the actual spread...

That link below is .. http://www.breakingviews.com/failed-china-gas-bid-leaves-business-unfinished/21047329.article

After the collapse of the Sinopec bid last year, for me the fact that consolidation is ongoing over there...<a href='http://www.breakingviews.com/failed-china-gas-bid-leaves-business-unfinished/21047329.article' target='window'>http://www.breakingviews.com/failed-china-gas-bid-leaves-business-unfinished/21047329.article</a> That means mergers and acquisitions.China has many locally small distributors and some medium size ones as well. What the bid collapse last year demonstrates, is that the bigger companies wont go cheap. Also...the gas division made very good Nett profits which mean its less likely we will have to compensate CGH for any shortfall in profits as per sale contract China gas one way or another will be in the thick of things to come...for sure...

All good... Don't sell ...hang on....and continue watching Eastenders!!! All good in the world!!

As I don't post on that site...excuse me for posting here to answer a query posted over there.. Just to clarify regarding duel fuel technology for shipping....that also is part of the gas sale agreement and as such will be sold to CGH..... Page 19 of CGH's circular..... http://www.chinagasholdings.com.hk/uploadfiles/20130131030145793.pdf A fellow investor isef0001 dug it out recently, to which I am grateful...

Thanks for your post...17.11 Friday...:)

I notice on iii there seems to be confusion about FTO holding in CGH.. I don't post there.. CGG owns 702,446,000 CGH shares, representing 15.37% of CGH's total issued shares of which 50% is FTO. It is a 50/50 JV...read here...http://www.lse.co.uk/share-regulatory-news.asp?shareprice=FTO&ArticleCode=fx3k9ot5&ArticleHeadline=Strategic_Investment Confusion arises when people quote CGG holding PLUS all of Minghiu holding together which comes to near 20% presently.. Minghiu's holding is not all in CGG. Some is privately held but for the purpose of associate status it is something included...

I notice on iii there seems to be confusion about FTO holding in CGH.. I don't post there.. CGG owns 702,446,000 CGH shares, representing 15.37% of CGH's total issued shares of which 50% is FTO. It is a 50/50 JV...read here...http://www.lse.co.uk/share-regulatory-news.asp?shareprice=FTO&ArticleCode=fx3k9ot5&ArticleHeadline=Strategic_Investment Confusion arises when people quote CGG holding PLUS all of Minghiu holding together which comes to near 20% presently.. Minghiu's holding is not all in CGG. Some is privately held but for the purpose of associate status it is something included...

This share still looks like its looking down and not up.. Will watch the screen with interest tomorrow now.... Thanks again..

I wouldn't think so..... It looks like an option order from previous customer exercised... Just don't buy on a spike... GL...

This is beginning to look quite shaky now... No rally yet!!

Interesting little change I have noticed from the Fortune Resources web page http://fortune-resources.am/company/ It appeared about a year a go and has remained under construction since.... However, they have recently added a little bit of information that may be a clue to future direction... Quote....."To expand its activity in Armenia, Fortune Resources company is also considering opportunities for involvement in other mining projects" So things may not be so bad in Armenia after all....:)

The recent placing has given some support...but more dilution here...

To my mind they are the main factor holding this price down at the minute.. They are net sellers since Christmas and continue to sell..... But I am thinking that maybe another institution from Asia could now move in to take the rest of L&G's shares in an off floor trade, now that the shares have been dropped in the market... Results this Thursday......