Member Info for Quady

Can anyone make sense of this . Del I know you use drip , have you had the same problem . 15:55 Divi Reinvested PMP1 View Author's profile Add to favourites Ignore Author's posts I usualy have my dividend reinvested in shares but this time it wasn't. On asking today why it wasn't I was told that shares were only being bought and not sold at present can anyone confirm this as it doesn't make sense to me?

For me the bad news is page 27 section 6 of the half year results . This shows that last year we made profit of 0.32 pence per share , but after discountinued operations we only make 0.06 pence per share , a loss of 0.26 pence per share and certainly not enough to matain the dividend . Realise that we will hopefully get some income from CGH , but also Armenia looks like it will burn cash for some time to come . I do not believe it tells the whole story , but with 500,000,000 new shares coming on line , this means a further dilution of the divi . The good news is an increased holding in CGH , Blueskys increasing profit and a lower cost base . I feel the problem with this share is that it is becoming increasingly political within China , and that we need more than 50 per cent of shares on the open market , before we start too get some real value in this company , Otherwise it's eternal hope , I will be holding on for the next divi , but after that if it makes 13p again I am out of here .

Do you think that when they announce the 2.36 pence divi , that the date will be set from who holds the shares at the time , or does anyone believe it will be before a certain date .

I am seeing someone perdicting a pick up on FTO this Wednesday , he or she reports something to do with Bluesky , is their anything happening this coming Wednesday ? Unsure of source but thought I would ask the question . Source is http://www.iii.co.uk/investment/detail?code=cotn:FTO.L&display=discussion&it=le Entry is Lindst at 13.07 today .

Morning Del , Thank you , i had counted the cancelation and the purchase as two transactions , and then the further purchase as the one that took place . ( double acounting at it's worst ) . One news story I picked up on another noticeboard this morning , is an article on the mineral deposits in Armenia , Looks like a lot more to mine for than just iron ore . Maybe FTO have a jump on the competition with this one . Enjoy the read . http://massispost.com/archives/9220

Looks like lots of trades taking place , maybe this is going to shake out slowly , and the downward pressure on this share will ease . As feel that we need trades wherever they be buys or sells , we require constant activity too feature on the radar. discount 3.6 million shares as an execution was run and cancelled .

Thank you Del , kind of hope the answer would come from yourself , I have just checked and see you are correct , I feel clumsy as missed that point , we now have another significant revenue stream , although I do believe that at 7.81 pence per share , as the valuation , that we might be giving to much away , however I suppose this will be offset if CGH share price rises as I believe in will in the short term . I will sleep easier tonight .

The more I think about this , the more I am unsure . We are going to issue 500,000,000 new shares when we have 2 billion in circulation , no divi will be paid to these shares . ( quite right .) This takes us up to 2.5 billion to calculate the market cap on , so really the 2.36 pence special dividend is really nothing , as on the day this will even out with the new shares in circulation and thus the share price will adjust . Also when the money exits the company , that will bring the share price down , and then when the speculators have their divi , they will leave the game , with further downward prssure on the share price in theshort term .Someone please tell me I am wrong and why , I cannot believe we could do such a deal , and will be out of pocket . I am begining to think that FTO is just a personal vechile for getting influrence in China Gas Holdings , and that this is down to one mans personal ambition .

OK , how about this for an observation . many people buying today , eager to pick up the extra divi , not sure they will be successful . however all of us with shares are not going to sell now , in case we miss out as the qualifying date not announced . this means no real selling only buying , this may at last push the share price up . I for one say delay the announcement .

Ok what now ? We know where some of the money is going to be used , we also know that we are probally going to have a small increase in revenue stream from CGH . The market cap of CGH is now a prime asset , and this has some value in its own right . We await MOFCOM , but now I feel a bit more upbeat , we have a potential partner in Dart , Armenia is for me so short of info , ( If anyone has some on the iron ore part , please post . ) What is the future direction of FTO , as I suspect the half year results are going to be better even without the sale of our gas division . Can anyone on here put a value on the independent parts of the company . NAV please not market cap ?

I take it this will be on top of the normal dividend . Raises an interesting point or two , this is a fair amount of money , wonder why so much . I thought we might get 0.5 penny if we got one at all , so maybe half year results are also better than expected . I have no idea what this will do to the share price , could go up or down , or not move . Also hope they will backdate the date for this special divi or we will have lots buying and selling . Indeed good news , much needed as having a not too good day .

This was anounced yesterday , apoligies if you have already read this . http://www.chinagasholdings.com.hk/uploadfiles/20130807105421340.pdf Looks like we have novated , and also gives a more detailed account of who owns what , however quite hard to pick the trawl through .

Not good if this is correct , free float showing showing at 621 million shares , source below http://markets.ft.com/research/Markets/Tearsheets/Summary?s=FTO:LSE

Share price still in the doldrums , does anyone know a way to work out or find out how many shares are in the free float . As believe this may be our main problem .

As always thank you . I would say that it was more likely now that FTO will increase its stake in CGH , also SK may well be the power brokers in this deal , Only one way for CGH share price in the short term and that appears to be up . A point that has not escaped me , is if over 50 per cent of FTO shares were not controlled by one person , then we would see more of a rise in the FTO share price , as this would be a good way to get voting rights for CGH and avoid regularlity concerns . Hence we would create some demand for our shares .

This seems to present a new angle , looks like FTO , may have some real influrence over CGH with their shareholding . Don't suppose you have a breakdown Del of the major shareholders and percentages in CGH .

Ok this may be a bit off the mark , so apoligies in advance , this is pure speculation ,so pay no attention , if this is not your thing . I am thinking , FTO get a big wedge of money , what do you do with it . 1=) increase your share in CGH , pretty good bet , but seems to becoming more expensive every day . 2=) Dart , a good tie up . 3=) further move along iron ore in Armenia . ( not really at all sure on this one , I once believed that this would generate our next stream of income , but not so sure now . 4=) extra dividend 5=) share buyback , this would increase the share price . and take a lot of shares out of circulation and as such lead to further growth in the share price as too many in the free float at the moment . I think this is a real posibility , how better to increase your share price . 6=) maybe a bit of each . 7=) some other investment in the pipeline we are unaware of . Please feel free to vote or add options . Just a bit of fun everyone .

Good grief , I never even thought to ask if FTO had a drip program . May I ask what percentage you get off the share price , guessing about 2-3 percent and I take it no charges for buying .

Oh dear , dont suppose this is going to improve in the short term , until we retain our premium listing status , wondering if the board consider this a priority , as I would have thought that L & G and BlackRock are selling because of the listing ( This is a guess ) , from an earlier conversation , I believe its because we fell below 50 per cent on our core business and a purchase of more CGH shares are going to make retaining the over 50 % mark even harder .

Hello Del , thank you for your answer , do you believe that if CGG were to go to 29.9 % , that the split would remain 50-50 and as such FTO would own 14.95 % of CGH . One other point is that I persume the dividends are paid to CGG , although owned by FTO , have recent divi's found there way on to FTO's books or are they on CGG's books and being used to finance more share purchase's . Also in looking at this , I take it fortune max are now out of the picture .