Fortune Oil Forum

glum day all round

DIVI So it should be, given the risk.

Alexander Thanks for the report, I think you may be correct on the age structure of PIs , I will retire next year. It would be good to get back to a regular dividend income from FTO.

And share price growth has been

Equity securities are shares of stock held by investors as reported on a company's balance sheet. A company issues equity securities as a means to raise capital in the financial markets for a major event, such as an expansion or merger or for product development. By purchasing equity, shareholders are obtaining a partial ownership stake in that company. Equity issuance is an alternative to issuing bonds, which are a form of debt, in the public markets. The first time that a company issues equity securities into the financial markets is known as its initial public offering (IPO). A company typically will raise large sums of money in this transaction, because investors often flock to new issues to obtain a piece of a promising opportunity. The number of equity securities issued in an IPO depends on financial documents filed by the company with the regulatory body in a region. A company is permitted to sell a certain number of shares within a particular price range on the day of its IPO. Once shares are issued in the public markets, the equity price will rise and fall depending on investor demand. Typically, a company will not issue the whole of its available shares in one offering. Instead, a number of shares usually are reserved for a subsequent offering at a future date, known as a secondary or follow-on offering. A company's management team does this because they anticipate needing to raise capital again to fund future growth plans. AGM

Norfork 'n chance perhaps

My question would be does the BD intend to pay regular yearly dividents.

guess its sit and wait another year

I never know if my posts show up so not sure if anyone will respond. If the company were to be taken into private hands, how would the price be fixed. Could the concert party get away with offering 10p per share? What would happen if I did not want to sell?

30% Down - My understanding from the board is many people believe 3 things : 1) Net Asset Value is significantly above share price largely on account of value of CGH holding. 2) The market has good reason to be suspicious of the share, Majority of shares are in the hands of the concert party who have not made a formal takeover, the share have standard not premium listing, the market generally thinks Chinese assets may over valued and volatile. 3) The BOD are playing a long term game, the long term and tend to be secretive, but most people feel they are not dishonest,on the whole the consensus is the long term prospects are good. Tassie is right you either have faith and hang in , or if you don't trust the BOD you sell. I believe it will come right even if NAV never achieved but I am not betting the mortgage on it !!!