profits ahead of last years.the company has 80% interest in a joint venture with china national petroleum corp(cnpc).market makers bought a lot of stock on friday followed by big buys on monday.profit taking on tues am then buyers back in pm.any views?

http://www.listedcompany.com/ir/cao/newsroom/CAOTUpdate21Dec04.pdf
cut and paste into your browser

came across this holdings etc does anyone know if these figures are still pretty much up to date
First Level Hldgs Ltd 27.83%(dup A), HSBC Global Custody Noms 5.46%, Vitol Energy (Bermuda) Ltd 5.08%, JTC Trustees Ltd 4.2%, D T Chiu 32.74%(dup A), D T Chiu 32.74%(dup A), Other Dirs 0.83%
First Level Hldgs Ltd 27.83%(dup A), Vitol Energy (Bermuda) Ltd 5.08%, JTC Trustees Ltd 4.20%, D T Chiu 32.74%(dup A), D T Chiu 32.74%(dup A), Other Dirs 0.82%.
and of course the recent
47,713,467 SHARES TO DEUTSCHE BANK
Not bad reading by any means !!

l2 2/2 could be a tick down on the way

Looking forward to seeing this share tipped in the papers for 2005.

couple of fair size buys went thr yesterday ,l2 looking a bit weak but not much more than expected considering today
Happy new year to fto holders and may we be rich/richer next year !!

well fto holders, wonder if we will get a new yrs rns about the latest Blue Sky situation i would think the bank must be aware of latest situation and be quite happy as they went ahead with purchase of 47mill shares , so must be good news on the way ,just when is the big ?

Well I think IMHO this could be entering a real milestone phase in this shares life. Looks like the charts point to 15p if we can break 10p. This wont be easy to break but my gut feeling is that within three months time we will be sat at 15p. An RNS is more likely to come Biffa18 ref what is to be done with the raised last month. I would imagine another deal or extension of an existing deal has already been struck. People are obviously confident this will prove to be a winner.IMHO

well we have started the year a bit poorer not a good start

Biffa18,

Of course we may have some retracement but this is building the strength needed to push for higher gains. Dropping the bid today looked like it was an MM ploy to flush out sellers. Offer held firm. Other boards are suggesting the 2*750000k buys were not rollovers but MAYBE someone trying to disguise 2 buys. Not sure if that is true but foor for thought. All the sells were again 'gobbbled up'. HHmmmmmmmmm....interesting.

UKB,

Back up this morning, you may well be right!

Well looks like that large late trade was negociated at a lower price too. I think more news to come soon. Things will likely stay at this level until until after the 15th Jan, once the DB business is out of the way. News could follow......and a hike in the share price. I'm considering buying more if under 9p Cant see it going any lower than this.

FTO has held at the same price since 11am this morning. Could they be waiting for some information before anything moves on!!!!

I am probably missing the point goss but is there some particular information you are expecting?

Not really willagg, its just that these shares are so up and down that it makes a change to see the top price for the day hold for so long. Just hoping that this share come good with the Blue Sky deal.

Goss,

Im not sure about you but I really see this share not as a hope but a nailed on certainty to go somewhere this year. Im looking for MIN 15p by the end of the year.

I hate a nailed on certainty...............Did i really just say that!!!!I think the Bluesky thing is becoming more erroneous to the share price as time goes by. China has a huge problem with a lack of energy and FTO are addressing both oil and gas supplies into the region. Even if they screw it up they could not be in a better market or geographical position where there is an amazing level of demand.

What chances a Chinese bid then ?

good point!This feels like a well run business. I hope they jusy keep on going , I have a very jaundiced view about takovers and acquisitions as they frequently dilute the share price for a long time.Organic groth is always the best to improve the value, profitability and the share price. IMO This could be one to make strong growth over a long period.

will,

Yep i go for organic growth with FTO, we will have a good year i think!!!

I reckon 15p by year-end 2005.

15p is very realistic I think although I think we could be looking at a little bit more than that too.