Member Info for Quady

Cash Dividend (HKD) 0.0220 Dividend Ex-Date 01/16/2014 Looks like CGH has declared a divi as above , that equates to roughly 4 million pounds to FTO , please someone check my figures . 2500000000 times .022 then divided by 12.88 , which is the exchange rate of hong kong dollars to the pound .

Good morning GIKA , cannot answer your question . However there is an interesting set of posts on interactive investor that are worth reading . Someone has done a valuation of just our holding in CGH , and puts it at 500 million pounds and that on its own gives us a nav of over 20 pence . I agree with your summary below , and also think that this share will have its day , but again a chap called Phillip Reid has recently posted some interesting comments , which I believe add balance to the situation we find ourselves in . Again on interactive investor and worth a read when you have a moment .

Evening shatter , not so sure it is depressing , always good to have informed opinions , and felt this was one . It would be interesting to hear from Phillip on his views on the stock market in China today . For example do the A and B markets still exist , if so , are moves ahead to change this . Also Phillip does go on to say that he ultimately has faith that FTO will get there . It will also be interesting if we can get increasing dividends from CGH each year , in which case may increase or at least underwrite our dividends . I do at last think we have interesting times ahead , although I say that with the knowledge , that we have had many false dawns .

Good afternoon Phillip , I read todays post on interactive investor . Thank you for your directness and honesty on your time in China . Could I ask you to copy it on this site , as I would think that this BB would be richer and benefit from your post , and views in general .

Fortune Oil Dividend History Period Ex-date Pay-Date Net Dividend Currency Total for Year H2 Dividend 10 Jul 2013 15 Aug 2013 0.16 GBX 0.16 H2 Dividend 23 May 2012 27 Jun 2012 0.18 GBX 0.18 H2 Dividend 18 May 2011 24 Jun 2011 0.13 GBX 0.13

Understand what you are saying and share your frustation , however we have a bigger problem , and not sure how it's going to pan out . China seems to be a country of control freaks , we have a situation where companys cannot be allowed to expand in the free market , this is capitalism with constaints , a lot of what is being called for in the west after the banking problem we face . The banking situation is a lot more complicated than reported in the media . However we have a company that cannot let go , the only way FTO will increase in value in the short term is through increased profits and increased dividends . ( A long road ahead ) My doubts are the concert group will not let themselves have less than 50% . I feel this is holding the company back , and that at the moment this company is not being run in the best interests of the share holders . We require more investors on board . The short term depends is on how China liberialise's it's markets . I for one am hopeful . If this was Russia , their is to much corruption and self intrest , I would not invest in Russia directly . However China needs the west more than people suspect . We are seeing world changing politics , where the west will be poorer and the far east richer . This will be a mix of education and striving for a better way of life , much like our parents and grandparents strived for . We make a better life for our children . Europe has lost that impertus . We live in interesting times .

Agreed broadly on value of CGH holding , moaming reduced from 50 % to 33 % , bluesky always good , Armenia on hold . Wasn't a hit in the finacials taken on Armenia . Also did we not consolidate our debt with a 300 million loan , this paid off existing loans and put money in the bank , for our next project . My guess is the expansion of Moaning , but I await all anouncements with interest . I also am holding , and was going to invest in another share come March , however think I will stay true to FTO , and will even top up if still at these levels , as with the liberialisation of China . This is a share that I see having it's day

Not so sure of this , he has been Deputy Chief Executive , since 1999 , so would not be true to say he has no influrence over how the company presents itself . China-focused junior Fortune Oil reported Monday that it has appointed Dr Tian Jun as its Acting Chief Executive. Dr Tian joined the company as Deputy Chief Executive in April 1999 and has served as Group Chief Operating Officer since February 2006. With a background in investment banking, Dr Tian holds his PhD in economics from the University of London.

We seem to have some support in our share price on very few trades , any ideas anyone , don't believe this is the market makers . Some upward pressure seems to being exerted , Lets hope this continues .

Am I correct , that we do not regain our premium listing , as Moaming is below 50 % . This too me seemed to be the one thing we needed to go in our favour . I am not someone , who usually calls on the BOD to make statements , especially as they have just made a recent one . However I do think this requires some sort of clarification . This too me is the one thing that would have had a positive effect on the share price , and unless we have some other business in the pipeline , to restore our premium listing . Then this share is forever doomed to hang in the doldrums .

Good morning all we have an RNS on Moaming this morning , looks like we have had our share drastically reduced from over 50 per cent to 33 per cent . Does anyone understand why ? RNS link below http://www.investegate.co.uk/fortune-oil-plc/rns/regulatory-approval-for-new-spm/201311271030020545U/

Thank you grandadtom , I see my mistake , I included the 184,119,463 shares that were brought by FTO and First Marvel in the total share holding of FTO , these were newly issued share and so are added to the 4,801,095,098 . This makes the percentage wrong , but the dividend calculation and number of shares we own still stand . ( comments welcome ) . The 2.2 cents is a nice interim divi and as such is going to give FTO about 3/4 million pounds , a rough calculation , as just divideing 8.48 by 4 , and as such the 3 million figure by 4 . 2013 full dividend figure used .

Sorry where it says I differ by 11,000 shares in our favour , it should say 21,000 shares in our favour

Thought , I would share some of my calculations on this company . A ) to share the info B ) to give others the chance to correct it . ( comments welcome . ) China gas holding total shares are 4,801,095,098 This figure is all of CGH's shares . FTO holds half of 732,446,000 shares before it's increased ownership and this represents 15.26 % of CGH's total shares available . That means that FTO will get dividends from 366,223,000 shares or 7.63 % of CGH's total dividend payout . However a further 184,119,463 shares were assigned to FTO and First Marvel , which as far as I can make out is 100 % owned by fortune oil . 27,617,919 are owned by First Marvel and represent 0.55 % of CGH's share of market cap . For the purpose of this calculation , I am lumping FTO and First Marvel together and this gives us the 184,119,463 shares , as I have indicated above and this in itself represents 3.13 % of China Gas Holdings .. I believe that the calculation to be done to calculate FTO shareholders shares in CGH is as follows . 732,446,000 plus 184,119,463 equals 916,565,463 . Just a brief note here , the CGH website holds all the above figures , but if you do the sums they reckon it 916,545,463 , I differ by 11,000 shares in our favour , I believe this is a typo on the CGH website . The above figure is shown as this is a correction on my part , and so explains the calculation below . Our share holding is 366,223,000 plus 184,119,463 equals 550,342,463 and this represents 10.76 % of CGH . I will venture a little further if I may , The 2013 final dividend was 8.48 Hong Kong cents , using an exchange rate of 12.52 Hong Kong Dollars to the pound . I take 0.0848 and divide it by 12.52 , this equals 0.677 of a penny , this times 550,342,463 gives us 372,581,847.451 pennys , times this by 100 to get pounds , and based on the 2013 dividend , we would have got 3,725,818 pounds . Not bad as all to the bottom line .

Sorry last bit should read . If you look at the price graphs on this share it does seem to peak and drop in cycles ,and I know people on this site , have been buying and selling on these peaks and troughs . In hindsight if I had done this , I would have made money . ( I haven't so have missed a trick . ) Good luck .

Now you are asking the 64000 dollar question . In truth I dont know , so the answer I give is my opinion only . first of all this is not an aim share . ( some people think it is . ) I would quote it as a medium sized company . It makes money . and has various income streams . I hold this because I think it has potential , and can see little downside . So in my opinion it's not a bad punt to hold . This is one of two shares I hold as long term punts , I hold no short term punts , and hold 3 solid 100 ftse shares ( Vodafone being one , this share is driving me mad , as the Verizon deal is just so complicated , and have even had conflicting answers from Vodafone themselves ) , which I derive income from for living and further top ups of punts . Have included this info to see if your investment stratagy coincides with mine . In 6 months , I would hope that Moaming is sorted , that we have some indication on the iorn ore project in Armenia ( not sure will will ) and that we have some idea of re- occuring dividends from CGH . intresting enough , their appears to be an interim meeting at CGH tomorrow , and an interim dividend may be on the cards . If so all adds to FTO's bottom line . I can only say what I am doing , and count myself as a resonably cautious investor . ( I have never bet the house on anything , no matter how good , and would not on this company . ) But for me , we have had dividends for 2 years now and the 2.36 pence divi , which was really to make up for the dilution of the company with 0.5 billion extra shares coming on the books , which were not entitled to the 2.36 pence dividend , but will be entitled to further dividends . If you look at the price graphs on this share it does seem to peak and drop in cycles , and in hindsight if I had done this , I have held this long enough that I would have made money . ( I haven't so have missed a trick . ) Good luck .

Unlikely , we got the 2.36 pence per share , because of the sale of our gas business for more than the entire market cap of the whole company , I do believe though ( opinion only ) that we will get increasing dividends , as many income streams , and looks to me like a growth share , as the BOD do seem to have long term plans , and the cash to finance it . ( at the moment ) , just one point , when I say increasing dividends , I am working on the 0.16 pence per share . But share your thoughts , this is nearly as confusing to own as Vodafone .

Thank you for the info , am I understanding correctly that our percentage of CGH can be reflected in the earnings per share , then this will increase the net asset value , and hopefully in due course should reflect in an increased market capitalisation . Hopefully we will get increased dividends from the money flowing in from our CGH holding , am I wrong in assuming that this may contribute as much as 40 per cent to our bottom line , my calculations are only rough , as I am using the profit , not profit after tax for the calculation

Reflects my feelings all the way , bit more hopeful on Armenia , surely the price of a train ticket isn't going to hold up inward investment into a country that badly needs it . ( that bit is tongue in cheek ) I make it about 11 per cent as well , as we have half of our 15 percent share and this last lot is entirely owned by FTO , The annual divi from this just goes to FTO's bottom line and so represents a a key line for profit as opposed to revenue . I would like to think , that this will be about the size of last years total profit , in a few years time , as CGH growing extremly fast . Not sure however how the BOD are going to get the share price to reflect all the good news .

New RNS everyone , looks like directors exercising options at what I suggest is a rather good rate http://www.investegate.co.uk/fortune-oil-plc--fto-/rns/directors--shares-vested-in-the-ebt/201311220743277067T/