Member Info for Del44

bought just after official close @ 9p...delayed trade... Thats a nice deal...:)

http://energychinaforum.com/news/71158.shtml

They are automatic trades.. There not commissioned based. The trader(s) can make as many trades as they like within a certain period of time. Usually it is done in low liquidity stocks, rather then looking for a large single order. The lot size here is only 30,000. More then likely it was pre programmed to pick up stock in those small parcels....

Good news with that RNS from L&G this morning.. Firstly they were selling before the gas sale announcement.. Secondly they have sold about 40 million more shares but look to be keeping the rest possibly because it meets regulations about standard listing companies.. Thirdly it helps with liquidity in FTO (I know its only 40m but it helps here) Fourth...It explains the fall of 25% of recent days but does not affect the previous fundamentals with regards to the gas sale and cash position as well as exposure to CGH & Bluesky Aviation etc... Full year results due around end of April may keep the interest high, along with our new investors... So not as bad as it could have been.... All just my own opinion folks!!!

Lots of PIs out buying this morning... UT @ 7.98p...Current price is ..8.06p 8.15p bid offer...volume 500,000..

Good question!! My view for what its worth.....It depends on how much more they wish to sell.... They have just sold nearly 40 million and have nearly 66 million left as holding... They may drop below 3% at which point they may very well hold there...

I don't believe so... Just a large amount of stock currently in the market trying to find a new home! Once the MMs know that...they will mark it down till it clears... Of course, there could be news about FTO that we are not aware of...but that would be insider trading which is moving this market.... But my view would be an unwinding position......

I have a very large position in FTO as it currently stands. I never average down as I prefer my initial purchase to go up in value. I don't trade short term as i don't have the time to monitor daily values which I think is not for me..:) That is just my trading way!

On the day of the gas sale announcement, L&G also announced the sale of some of their holding in FTO at 07.00 that morning Just over an hour later FTO announced the gas sale... http://www.lse.co.uk/share-regulatory-news.asp?shareprice=FTO&ArticleCode=qxcjk92u&ArticleHeadline=Holdings_in_Company They started unwinding on the 12th December crossing from 4% to 3% holding. They were unfortunate with their timing coming as it did.. However, my own view is that they may have decided to unwind their total position but chose to hold off until the market digested the gas sale announcement from FTO....That the market volume in FTO after the announcement never really amounted to much (a few days of plus 9 million shares daily trading) perhaps made the decision for them to seek a buyer outside the LSE. I have no idea what they bought their stake for but feel they may have gotten about 6p/7p against 10.50p in the market...Its pure speculation on my part of course... Reasons for selling? Change in listing.. The other institutions on board may not be as influenced about the listing change.. The 25% fall in 48 hours may be short lived but it is damaging to a company that has little confidence from its current shareholders. I suspect an RNS from someone quite soon to help explain the sudden volume increase..baring in mind L&G came out with their RNS 5 days after their initial share sale ion 12th December.. Good luck on Monday...:)

Not all institutions and funds have that regulation to abide with.. Pension funds do mostly...but worth remembering also that the actually funds are quite small... The coming weeks will tell if it was a PI selling or institution...

...in FTO is 30,000 shares. Price quotes are for this quantity only anything over that can fluctuate...

Premium listing has more tighter regulations regarding where and when the company can seek approval from shareholders regarding the company... Standard listing are less stringent....Check here for more help... http://www.wragge.com/analysis_5607.asp#.UUs5Yzc0_TQ They are not additional shares...Large blocks of shares are sold off market more frequently in today's markets then in the past...If I want to sell 20 million shares in FTO, I would be better off selling to someone who wants that kind of volume. But it may mean having to sell for less then the market quoted price...Remember..quoted prices are only good for the lot size quoted..(FTO's is about 30k shares) The block is sold only when the buyers are in place but the transaction invariable will be carried out at a lower price.... The gas asset deal was announced along side the 18% increase in FTO's sp...but that is now gone and we are below where we were before that announcement... The deal now awaits approval from MOFCOM in China...hopefully sooner rather then later.. The company needs to apply more clarity to its intentions regarding the direction of the company now... Also worth noting....someone has bought a lot of shares in FTO today at a decent price. The buying may even have been from Asia... Speculating now...:)

A large amount of stock has been sold in the past few days...for sure!! About 1% of the company... and it was conducted off the main trading floor.... There are a number of institutions who may wish to sell out as this stock is no longer a premium listed stock. Some institutions have rules which prevent them holding stock in anything other then premium listed stock...so these may be sellers in the coming weeks as they unwind. The market may be anticipating further large share sales and accordingly are not to keen to mark the price up. How quickly buyers can be found is all important as we do not know who is now buying in at these levels...... With any luck...it may be Asian investors who see FTO as a backdoor way into one of the biggest growing companies in China presently..... Keep an eye on the volume...and good luck..:)

Would imagine you may get your wish...:) I suspect there is quite a lot on shares out there on the bid side.. The company announces its annual results around the last week in April....

The latest report is here.. Cash position is good... http://www.fortune-oil.com/upload/4490_FOR_HYR_12.pdf

A large block of shares are been sold off market...To big an amount to put up on the market as the stock is too illiquid for that.. They were probably sold for 9p when the sp was showing over 10p in the market.. Somebody bought 18.5 million shares @ 9.25p this morning.. So you can have millions bought in the market, but the volume weighted price is going to be lower if the seller sold there lot @ 9p...The market is absorbing them.. But it also brings out more sellers as the volume is increased and bigger deals can be done... The off market trades (Dark pool) gives sellers the option to sell large volume without going into the market outright...once you can find buyers for them...but at much lower prices...

I think we have some institutions selling off stock exchange before 25th march when premium indices listing disappear.. Dark pool trading....No other reason I can think of...

What?? is that post code...:)

Down over 1p in early trading this morning.. No news....

Not as tightly regulated as premium... Institutions tend not to invest directly in companies.... Read more here... http://www.wragge.com/analysis_5607.asp#.UUlzhzc0_TQ