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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Fortune Oil | LSE:FTO | London | Ordinary Share | GB0001022960 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
17/1/2015 14:22 | Your most likely right topvest. But I am just curious as to what they would do if they don't get the 75%. The provision about an offer has me intrigued a little. My feeling is, if they can get it through on the scheme, they will clearly be happier. But if the scheme fails, they may decide to increase the cash offer a little, in order to push it through.... Whatever their game plan is, it clearly involves being in private hands for it...;-) | del44 | |
17/1/2015 12:46 | I will vote for it. It's a done deal in my view. | topvest | |
17/1/2015 11:51 | Hi Del et al, I have a substantial holding and I am also inclined to vote against unless I am persuaded otherwise. I will try and attend the meeting to speak out if permitted | txi | |
17/1/2015 10:44 | Well I have decided to vote against it and will do so through Capita online. But I have more then a sneaky feeling that they will have enough judging by the recent plethora of rns releases of late. They all look board friendly to me.... | del44 | |
17/1/2015 10:35 | Yes, alanadale is very much about. This offer may be strictly legal (indeed they have marshalled the finest City minds to structure the syndicated loan that Fortune Dynasty has raised to finance the buyout, well worth looking at) but it is sharp practice. I am consulting with a guy on Monday who specialises in representing minority shareholder interests in such situations. I will also be getting back to Attwood to clarify certain situations. I’m at a loss to understand how an ‘independent | alanadale | |
17/1/2015 10:04 | well thats made it clear then chances are as much as winning the lottery ! | tel5 | |
17/1/2015 10:04 | So, can I take it with the lack of posting on here recently that we have had many sell up into the market? Is alandale still about? I was thinking that if by some miracle, this got voted down, would FTO then go for the straight offer instead of the scheme route. And if they did go for the offer (Which is catered for in this document) would they increase the cash a bit? Any thoughts? | del44 | |
16/1/2015 21:58 | Good clear article i got from a poster named intergalactic.... | del44 | |
16/1/2015 20:30 | Seems as clear as mud to me. Typical of Chinese companies from what I've experienced. You never get anything in simple form, always lots of complexity and related parties. 10p is good. Another 5p is possible. Take the cash and steer clear of investing in Chinese companies is the lesson I have learnt unless you are going through an investment trust that has better knowledge. Let's face it, you only ever seem to realise a fraction of true value. This is better than some, but the controlling parties are still having us over to a degree. | topvest | |
16/1/2015 17:35 | Del, Bottom of page 34 confirms what you have said. BYE BYE FTO... | ken536 | |
16/1/2015 17:25 | That's my hope too Del. After all the Chiu's and Li would personally get a large cash injection should this happen, whilst still remaining in control of CGH. Long shot, but i wouldn't write the possibility off just yet. | pieball | |
16/1/2015 16:01 | There is ONE small bit of hope I see in all of this.....and that is under the trigger point... a) the Fortune Oil Group and China Gas Group shall, during the CVR Term, have completed Sales to a CVR Third Party solely for cash (or, if a Sale includes any non-cash consideration, where the cash consideration is an amount in excess of HK$11 per share), an aggregate number of Relevant China Gas Holdings Shares exceeding 199,385,362 China Gas Holdings Shares (representing in excess of 35 per cent. of all of the Fortune Oil Group’s direct and indirect (b) the volume-weighted average per share price of all Sales solely for cash (or, if a Sale includes any non-cash consideration, taking into account only the cash component) of Relevant China Gas Group Holdings Shares during the CVR Term up to and including the point that paragraph. A CVR third party could be Vitol!!! | del44 | |
16/1/2015 15:46 | I agree, page 15 is as clear, I see zero chance of any more than 10p. I see that someone has just purchased 1.1 Million @ 9.69 , a beter rate than the bank given 10p is offered in a couple of months. Given my tenure as a holder I will make efforts to make the meeting in London. I suppose we can hope for another interested party, me I think this is a done deal. I will resign myself to making a small gain on FTO (over the years) without the riches I expected. Not long to the end game now. | gwatson56 | |
16/1/2015 15:38 | Bottom of page 33 says it all...... (c) CVRs The CVRs will not be represented by any certificate or other evidence of title. BYE BYE FTO...:-) | del44 | |
16/1/2015 14:27 | Offer document can be read here - | bam bam rubble | |
16/1/2015 14:00 | That is just the rns release. The actually document is perhaps worth reading as it will explain more precisely how the cvrs will work and the rules exactly under which they will be exercised...I am registered with Capita ans hope to get a copy soon......But not thinking anything massive has changed.... | del44 | |
16/1/2015 12:55 | Go to Fortune-oil.com 16th Jan Report | ken536 | |
16/1/2015 12:08 | All Cash Payments to be Paid by 23rd March | ken536 | |
16/1/2015 12:08 | So has the document been posted out to us detailing the offer, is that what this is saying ? I am assuming the price is the same as previous ? | t2 | |
16/1/2015 08:36 | I DID IT MY WAY........ | del44 | |
16/1/2015 07:07 | congratulations, y'all been bought out | cordwainer | |
15/1/2015 22:36 | I'm in the same position as you, waiting for the cash. | ken536 | |
15/1/2015 20:46 | I have it on my watch list.....but until this one is cashed in...it will remain on my watch list.... Interesting.....chee | del44 | |
15/1/2015 09:06 | Hi Del, Have you seen VLK BB this morning? but DYOR | ken536 | |
13/1/2015 12:24 | Del fair point, well stated. I stand corrected :o) | via con |
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