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FTE Forte Energy

0.0029
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Forte Energy LSE:FTE London Ordinary Share AU000000FTE4 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.0029 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0029 GBX

Forte Energy (FTE) Latest News

Real-Time news about Forte Energy (London Stock Exchange): 0 recent articles

Forte Energy (FTE) Discussions and Chat

Forte Energy Forums and Chat

Date Time Title Posts
30/8/201617:21Forte Energy - African Uranium with charts10,390
22/7/201609:00FTE Resumes trading 08004
16/4/201516:59 ASX TONIGHT!9
15/1/201500:11Forte Energy - Uranium Explorer 55
09/1/201520:34news for FTE81

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Forte Energy (FTE) Most Recent Trades

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Forte Energy (FTE) Top Chat Posts

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Posted at 30/8/2016 17:21 by csmwssk12hu
For every apx 2900 fte you now have 1 bos
Posted at 19/8/2016 08:15 by liquidgold1
Good things come to those who wait.

Fte shareholders will be rewarded very soon just a few days to go then next month this will rerate
September always a good month for that...
Posted at 28/7/2016 17:10 by the stigologist
you are nuts



Forte Energy - African Uranium with charts - FTE
deltalo - 11 Dec 2015 - 08:19:06 - 9976 of 10340
Up we go now

Forte Energy - African Uranium with charts - FTE
deltalo - 10 Dec 2015 - 12:17:15 - 9933 of 10340
The mms will try to pull this share price down this afternoon. Seen it so many times.
Posted at 28/7/2016 10:08 by shareho1der
Bandflex. I personally don't care where this share price ends up long term. Expect volatility either way before the EGM at end of August.It is your trading skills that will make you money.
Posted at 25/7/2016 11:05 by bandflex
You can post all the sugar coated nonsense you want it doesn't change the facts.

Fte value the company at 0.0044p (8p)

If the deal goes through the combined assets will be about £0.9, approx. 0.0011p (2p)

Both FTE and BGL are in dire financial condition.

They are unsure that they have control of the IP and any future royalties.

They admit they are targeting a market already flooded with similar successful products.

If the deal goes through they are immediately intending to issue more free shares to directors.

If the deal goes through current fte share holders will be left with just 13% of the company.

If the deal goes through FTE and BGL have ageed a further share placing will be necessary almost straight away because both companies are broke, which I would guess would leave current holders with less than 10% of the company.

Its all in the company news releases and the Admission document, though I know some of you are not keen on factual information.

And most importantly what's a bloch?
Posted at 23/7/2016 19:31 by bandflex
Neither of these companies seem to have any money of significance. FTE is relying on loan notes and BGL had about A$3000 cash.

Unaudited combined net assets are about A$1.6m (£0.9m)

This is an all share deal for the assets no money is being raised that I can see in the admission doc. I am happy to be corrected.

If the deal is voted through they will need to raise funds.

Going back to the DEC 31 2015 RNS it does state "Post the share consolidation, completion of a capital raising (of an amount yet to be established) at a price to be determined in the context of the market and as agreed by BGL and Forte, with the proceeds to be used to provide working capital to the enlarged entity"

So a big fat fundraising and more dilution to come, after all these directors have life styles to maintain.
Posted at 22/7/2016 13:34 by bandflex
To make it clearer once the 1824 to 1 consolidation takes place there will be 7.5m FTE shares in issue.

The company will then issue 42.5m consideration shares at 8p and 7.5m performance shares for free.

8p post-consolidation is 0.0044p today.
Posted at 22/7/2016 12:34 by bandflex
Post-consolidation and post-new shares issued the headline figure is 50m shares at 8p, mkcap £4m, but infact the company will issue free performance shares to directors amounting to 7.5m shares on admission of the new shares.

So 57.5m shares at 8p will give mkcap £4.6m.

Their are then another 17.6m free performance shares to be issued, but if they do not meet those performance targets by December 2019 then all remaining free performance shares will be issue anyway, not much incentive there then.

Current FTE shareholders will be left with about 13% of the company, and far less when the other 17.6m performance shares are issued.

The company will own only 50% of the IP of software products which as yet have no sales and generate no revenue.

They have two products at beta stage that they hope will be commercially available in 2017, I can't see anything in the admission doc. that says they have any contracts for these products.

The admission doc. clearly states "there can be no guarantee that sales on a large commercial scale can be achieved or that the software business will become profitable..."
Posted at 10/12/2015 12:49 by bozzy_s
Are these being funded by death-spiral placings? Wonder if today's news is intended to attract some speculative interest, allowing funding to continue (i.e placees being able to sell)?

Someone above mentioned the share price history, hadn't seen anything like it. Check out PTV and PAA. A theoretical million pounds 'invested' in PTV 4 years ago is today worth about £1, thanks to 53 death-spiral placings in that time.

Congrats to anyone who bought first thing and took their profit in FTE. The share price history, the management history, and the company losses to date ($64.8m) suggests these will continue their long/medium/short term trend down. Bit of volatility for traders to get excited about, but limitless supply of shares via death-spiral funding will prevent any substantial gains.
Posted at 08/3/2015 23:22 by hope67
Should hear on the license soon, if we get it extended expect FTE share price to re-rate quickly.
Forte Energy share price data is direct from the London Stock Exchange

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