Member Info for MrHopeful

massively undervalued!!

From the last FTO 6month report. Strategic Investment in China Gas Holdings Ltd (“CGH”) Fortune Oil has become a substantial shareholder, via a joint venture (China Gas Group Ltd) in CGH, the largest independent natural gas company in China in terms of city network, serving natural gas to over 160 cities. The strategic objectives for this joint venture are to explore the opportunities of combining CGH’s strengths with those of Fortune Oil and to grow Fortune Oil's natural gas business in China. As of August 23 2012 the joint venture and its associates held 836,550,000 shares in CGH representing 18.5 per cent of CGH total issued shares making the joint venture and its associates the second largest shareholder of CGH. This investment is very much in line with our stated strategic objectives of developing Fortune Oil in to a leading business in the Chinese natural gas supply market. The China Gas Holdings interim report is really confusing. Its hard to distinguish between interest in shares and the actual shares owned by FTO, their subsidiaries, JV's and interested parties. Even if we own only 50% of the 836,000,000, this is currently valued at approximately GBP270million?????

I dont know if im being stupid, but even without the sale of our gas division to china gas, arent our existing shares in China Gas more than sufficient to warrent our market cap? China Gas Holdings has a market cap of 35,000,000,000HKD. We have around 850,000,000 shares (approx 18% of China Gas Holdings). Their shares are trading at 7.7HKD. Even when Sinopec made a bid for the China Gas last year, they offered US$2Billion, which was judged to be too low. Well FTO own 18% of that $2Billion offer. Why are we not well into double figures on the FTO share price? Your views please! We just seem so undervalued, then add on the windfall we are due from the FTO gas sale. Almost sounds too good to be true.

That explains the drop. Are they finished. Do i top up now or wait?

gotta hit 200p on shareholder agreement. GLA

about to blow!

Amazing achievement. This company can fly with that kind of financial backing. Great RNS! If Singapore investment fund back them, thats good enough for me. I'm in for the long run!!

Of course it's gone quiet.

IMHO

looking good

now taking into consideration my name.....i.e. i tend to be quite positive but i reckon, if they have substantially improved their margin and can show just a return to profitability on new business.......booooooommmm baby booooommm. I reckon we will see the 45-65p range within 2 weeks! strong buy.....if you can buy that is!! :-)

you cant say that for many shares on AIM atm!

what should a MM do if they cant get any shares and people want to buy. Surely they raise the price, but for some reason they just dont let you buy at all. They close the door. Whats the logic? i can only assume they want the price static to discourage huge buying, as they want to be holding any stock that people want to sell, not selling it to us before news. This is going one way gentlemen!!!!

and this will BOOOM.

this is totally unfair to have the price dropped but not let you buy how can they do this?

no shares again, just like yesterday. they dropped it on little volume, they will have to lift on little volume!

there are many here, but not as many as there will be when we get news :-)

39p Close Friday, after earlier than expected interim statement, 52p. Call me mystic Meg!