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?

Good that CAO not able to takeover BlueSky owned by Fortune as BlueSky has made 33% profit

whats going on with fto???????????? has anyone have a clue:)

No - I'm obviously not a Fortune teller ;-)

Nothing is happening when the market is closed. What are you talking about llewellyn?

if your talking about the share price , then its waiting for news and results time so poss a good time to top up for when this news etc arrives , still looking good tho as holding at 8p ish but would be nice to see some news on inst holdings / major share holders, directors topping up would be nice otherwise patience is reqed im afraid

ok hightech sorry that i asked about some info on fto??? you must know alot more about the company!!!!!!!!!!!!!

llewellyn _ Sorry if I offended you. it was a prompt reponse with no intention.
Can you share your views about FTO?

The price of oil does not seem to moves these.

yes i can shares my views about this company hightech,about 2 years ago i brought 550000 shares @1.75 ,and i should have sold them when they were 10p!!!but has we all know ,greed takes ahold of you and i sat on them,i was hoping that bluesky deal had gone through!do i sell now and take the profit or hold on.over to you hightech :)

I hold very little, about 70k bought about 2.4p long time ago (more than five years ago, I think). I decided to hold untill the true value of the company is recognised. I generally don't think selling assets is a good idea, especially if they can raise money by selling shares to DB etc.
I still hope they do well in China and that's why 15p is my target for this year.
Anyway, I might be wrong, do your own research etc.

guys,

Still this resistance at 8p, it is a larger hurdle than I previously thought.

I am still holding - have held them since they dropped about this time last yeaar and I bought back at 5p (I think) - target 12p - but patience wearing thin - may have to sell them to top up on SEO GMC and HMY

Baza

From last weeks The Economist (vol 374 pp.78)

'Although China accounts for only 8% of global oil consumption, well below Americas 25%, it has accounted for as much as one third of the increase in global oil demand over the past three years, almost twice as much as America. And China's oil demand will grow as incomes rise and more households can afford cars and energy-consuming household appliances. If UBS's forcasts of Chinas oil imports are correct, and if (a much bigger if!) the relationship in the chart holds [oil prices vs oil demand], oil prices could hit $70 a barrel within two years. If, on the other hand, China has a hard landing and it's oil demand falls, expect prices to plunge.'

Does nayone know when FTO results are? Seems strange the share price has dipped this morning even though talk of BlueSky profits!! Plus higher oil prices should mean a good overall results!

According to one of the posters above, they also dropped around
this time last year. I would also be interested to know when they
report if anyone knows.
This drop in price has been enough to tempt me, so I'm in
chaps and chappesses! :>)

stockbunny
i called the london office yesterday and the girl that answered said they would report in the last week of april.
same here by the way,have been topping up in the last couple of weeks.bargain basement i think!

China is booming. I can't understand why FTO is so weak.
I think DB bought at 9.25p.

Thanks alderleyedge and hightech - not long to wait then!
BBC doing a China week next week, you never know it might
bring in some new private investors to PLC's that are already
in there and doing OK.

been heavey trading today 8 millon shares ?????? does anyone know new news!!

This share seems to be slowly heading south! Any thoughts? With mention of the results in the final week of April, should we not see FTO getting stronger?