Fortune Oil Share Discussion Threads

[tel5] 23/8/2016 15:26

not sure what the situation is ,but the court action above shows that the company on a
somewhat slippery slope regards their previous actions if they gave them no right to appeal to the action above.

[sarahbudd] 23/8/2016 08:28

Hi..i held these for years but didn't join the shareholder's group. Is there any chance of the extra 5p being achieved?

[del44] 23/8/2016 07:18

CHINA GAS HOLD (00384.HK) -0.300 (-2.290%) Short selling $5.17M; Ratio 53.768% announced in relation to the appeal for the legal proceedings initiated against the company by Li Xiao Yun and Xu Ying, two former directors with regards to their option
shares. On 18 August 2016, the Court of Final Appeal did not give leave to the company to appeal against the judgment. This court action has therefore concluded. The company will pay the full Judgment sum of HK$279 million plus interest and costs of the trial, the appeal and the applications for leave to appeal.

The total interest accrued up to and including 22 February 2016 is approximately HK$83.7720 million.

[tel5] 16/8/2016 08:18

yes did do , wait and see what the response is now

[del44] 15/8/2016 21:43

You should have gotten something today!

[tel5] 23/7/2016 19:34

Anyone heard from Alan regards the action he was mounting or is it more money down the drain , have e mailed him but not had any reply to were we are in regards to the action

[del44] 22/4/2016 15:14

....and now someone appears to be steak building in CGH.....you couldn't make this shyte up, could you?

[exel] 06/4/2016 22:16

it finally dropped off my Barclays accounts today (had been listed as nil value against the original post-sale unit holdings). am guessing that is the end?

[exel] 02/4/2016 09:04

thanks, alan, I will keep this matter on my radar.

[alanadale] 02/4/2016 09:00

Despite the vicissitudes of the oil market - Fortune was not an oil play - its holding in CGH is still worth nearly 17p a share at yesterday's CGH shares price of HK$11.32. This is before considering Fortune's other assets like BlueSky etc which would be worth another 5p a share at least.

I advise you to watch this space.

[alanadale] 02/4/2016 09:00

Despite the vicissitudes of the oil market - Fortune was not an oil play - its holding in CGH is still worth nearly 17p a share at yesterday's CGH shares price of HK$11.32. This is before considering Fortune's other assets like BlueSky etc which would be worth another 5p a share at least.

I advise you to watch this space.

[exel] 02/4/2016 08:17

as we are now just over a year on from our march 2015 exit from Fortune Oil, and as CGH has not (yet) been taken over, it would seem that this is the end of the road, here. with what has happened to the oil price since those far off days of our 'fascination with Fortune', am guessing that this outcome was something of a 'least bad' blessing in disguise, much as it didn't feel like that at the time. ex

[del44] 22/10/2015 20:53

CHINA GAS HOLD (00384.HK) +0.020 (+0.154%) Short selling $18.94M; Ratio 33.568% announced that the Court of Appeal allowed the plaintiffs (Mr. Li Xiao Yun and Mr. Xu Ying)’ appeal and ordered that the company pays damages in a total sum of HK$279 million to the plaintiffs. The Court of Appeal has asked the parties to submit on the issue of costs. The company intends to appeal the Appeal Judgment and is in the course of seeking legal advices regarding the Appeal Judgment. The board considers that it is not in a position to assess the actual impact of the matter on the company at this stage.
(Quote is delayed for at least 15 mins.Short Selling Data as at 2015-10-22 16:25.)

[del44] 28/9/2015 15:38

Cheers Alan.... :-)

[american idiot] 21/8/2015 12:17

Erm....

Glad I took the 10p now.

Pretty sure these would be half of that now if trading normally.

[del44] 23/7/2015 13:56

I will happily sell them my "None shares" in FTO, if they contact me...LOL....:-)

[zeppo] 23/7/2015 10:04

There is allegedly a 'phishing' scam contacting ex-shareholders.

z

[ken536] 22/7/2015 16:13

Hi zeppo,

The answer is No,
If the 5% ever was to come to be (Very Doubtful)
It would be paid to all those who accepted cash
for their shares.

Ken

[zeppo] 22/7/2015 13:20

Are those who accepted 10p with a possibility of a further 5p still shareholders in the company until the possibility of the extra has gone?

z

[del44] 07/7/2015 20:35

If CGH continues to fall...I might just start buying some of them...:-)

[godin] 04/7/2015 13:26

The only chance of the extra 5p is if they (chinagas) get taken over.

[thaiger] 04/7/2015 09:58

Will this improve the chance of FTO Shareholder getting the 5p per share in 10 months time?