Member Info for Quady

Gentlemen , With the refinancing and additional funds raised , I would like to think that the BOD may give some indication over it's plans . If we have not heard anything by the new year , then maybe we are looking at also acquiring assets or indeed another company , as this would have to be kept quiet . I would also like to think that we will get an anouncement on Maoming , but this may be a way off , as if you were in a position of knowledge , would you not acquire more shares before the anouncement . One further thought . I believe that a UK listed company can hold upto ten per cent of its own shares in its treasury. Maybe FTO will take shares off the market in order to purchase acquiresitions in the future , as they can buy at current levels , and may acquire shares over a period of time , when it has down days . Just my thoughts.

I believe the 5 RNS this morning , only reflect the change in percentages , regarding the new shares on the market . Rest of the week should be interesting , as today will be , as will will get re investment from drip . ( maybe not great ) and I believe we will find out if their is an apertite for the new structureing of capital . Long haul ahead in my opinion .

One last thought , we are not invested in a company that is not paying its way in the world , don't see this going belly up . Something my uncle taught me when I was little . CASH really is king , as you need to have it at the right time not only for investment , but to enjoy life and take opportunitys in the bad times . When things are cheap . This company has cash , Do we believe it will use it wisely . My take on this is that it hasn't done badly so far . Again good luck .

Evening Shatter , your maths concurs with mine , as you are working this out , without the new shares issued , 12.5 pence is a bit rich for this share , paid between 4p and 7p for my shares over many years , not doing drip as wasn't aware that it was available for this share until Del44 said he was using it . I hope the 2.36 pence per share is a bit of a confidence booster , as this means you just need 10-11 pence a share to break even . unless in an ISA . On the upside , we have some money in FTO for investment and I don't believe anyone knows the BOD's plans on this site . A possible scenario ( I don't neccesarily believe this ) . This share has languished in the doldrums for a long time , now the BOD has just behaved brilliantly and sold the gas business for a fortune , and now they have the oppertunity to purchase more shares at the market price . Would you not hold back good news until you picked enough up , and also picked up even more on the back of people who get out at this price . This is an idea not fact , I offer this as a possibility . If I am right we both make money , if I am wrong we lose money . I wish us both and all FTO shareholders good oil in the new year . ( Sorry for the pun .)

Fellow FTO'ers , I like all of you have had many false dawns , however this is interesting , dont for one minute believe that we are going to see a drop or a rise tomorrow . As the 2.36 pence divi is not across all shares so as a percentage is lower , also some people use drip , so over next few days some of this will be re invested , also a lot of good news on the horizon , Maoming , Bluesky and although an unpopular view maybe Armenia . ( don't believe it has no value ) I believe shareprice will dip in the morning , but do not see this as under 9p at the end of trading tomorrow , and then if concert party member wants to increase his holding , this I believe will underpin the price . Don't believe any great movement , but maybe a slow steady growing company for the long term with increasing dividend's . I originally came in to hopefully make a killing ( got that wrong ) . But now doesn't look like a bad share to hold long term in a balanced portfolio , with plans for increased dividend's in years to come . Good luck everyone

So far so good

I offer a posible explanation , others may have their own idea's . Most companies which are established trade at a premium to the net asset value (NAV) , this is because of something called amortisiation , where the percived value of the company is a total of its assets , a money value attached to the brand and again a money amount attached to the goodwill of the people who will use this company in the future ( future earnings ) . However , this is often trumped by what the individual market worth of a company is worth at any given time . Something is only worth as much as someone will pay for it . If Fortune Oil was not in the hands of the concert group ( more than 50 per cent of shares owned . ) then I believe the share price would go up immediately as someone would asset strip it as its cash position which alone is attractive . I also believe this puts people off buying shares and as such the price is depressed . To this extent the future looks gloomy . However most arguments have balance , and some of the plus points are , that in my mind , FTO is well managed and will continue to grow , and as such , the dividend will grow . When this happens , the people who buy shares for income , not growth , will hopefully look on FTO favorably . If the position changes then this share has a lot of upside , but still as long haul ahead . Lastly and I dont want to assume what other people may be thinking , but it is possible that after the last meeting , that we may see a purchasing of more shares , as an interested party may wish to own a larger share of FTO than he currently has . This would reduce the free float in effect and as such lead to greater demand and a price rise ( modest in my opinion ) Only conjecture , comments and suggestions welcome .

I have read on another BB , that a Hong Kong listing was mentioned , when we are a Billion pound company , and we are about halfway there , so I guess talking about the net asset value as oppossed to the market cap , I was not at the meeting , can anyone confirm if that is true .

Thank you for the update , I have been in this for many years , and agree with your outlook , I am also in this for the long term . I do not believe even after the dividend payout it will fall below 7 pence . However if it does , will buy more shares with my dividend and my payout from the Verizon sale with Vodafone . The value is there , and as such do not believe it is such a big risk . I would like to know about Armenia , as what I read it seems to be a white elephant , however , I do believe if this was to come online , it just may happen when the economy picks up ( a few years yet ) and we may get a bit more value from the iron ore side . A last point , With the CGH share increasing , and future investments to come , this company will generate cash , and as such this may grow into a decent dividend payer , and lead to a modest increase in the share price .

Good afternoon , did they announce any stratagy to increase the value of the share price ?

Does anyone know when todays meeting starts and finishes .

Understand of course , but good to have any speculation as this all feeds into our own ideas of what this share is and where its going . I still think we may see some movement , but will be slow , and fall back many times .

Food for thought , I had not thought about the size of listing ,. One way to extract value .

Interesting is correct , A complete buyout seems out of the question , but do feel that the concert party members would like a larger percentage , as although they act in concert ( excuse the pun ) , a larger share by one or two members , would give them more sway , if they wanted another direction for FTO . I am starting to wonder if FTO is looking to change its status and become an investment company , holding shares in companys such as CGH .

Hello Chris , you raise an interesting point , however don't see FTO delisting from the UK , as will want access to the larest market in the world if and when this share gets moving . Like yourself not sure whats driving the various modest gains , however their does seem to be some support at 9.1 pence , so maybe the MM's are short of shares , this means we may see the spread widen over the next few days , so that it's harder to buy and easier to sell .

Wider market required , if someone is attending , could the question of alternative listings be asked . We all think of Hong Kong and that makes sense to me . Know this is a little pricey for FTO at this price , but maybe the BOD is thinking about it now , as if they could get the listing to reflect the NAV , maybe not such a problem .

Very Witty Rugs , I take it from your comment it was not you , However I do believe we have quite a wide base . Around 17100 individual private shareholders ( info probally out of date ) and can see some maybe increasing their holding ( this is not a recommendation by me ) . On a serious note , I believe these buys and sells of 10 shares are there to test the price .

Just resizing my opinion of this share , and this is going to be a long haul , I have just purchased another 14,483 in my ISA , as do believe this has little downside , but this is not going to achieve the price this share deserves , until we have a wider market . Good luck fellow investors .

Thank you del , Does this in your opinion mean that if this is allowed , that the Concert group will maybe buy more to reduce the free float . If I was of a machiavellian nature , then I would be wondering if a broker had been buying up shares on their behalf , as when we lost our free listing , shares were sold from institutional investors , ready to sell on at the concert group without increasing the price too much . Thoughts please .

When the extra shares are issued , taking us up to 2.5 billion shares , who will own what percentage ?