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?

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?

I agree it's very boring but the prospects are good and the price of oil is ever higher so I'm hanging on for the results.

goss
i agree with moneyplus and am doing the same.
i personally dont think this is heading south,looking at the chart fto has traded within a range for a couple of months but is showing signs of a nice rounded bottom(dont you just love em)as it has done historicaly.i've topped up on recent dips but notice the offer doesnt drop below 8p often and is quickly mopped up!

Jet fuel price hike to hurt Chinese airlines' profitability in 2005 - UPDATE
AFX

BEIJING (AFX) - International ratings agency Fitch Ratings said the recent 10 pct hike in domestic jet fuel prices will hurt the profitability of Chinese airlines in 2005.

'Given jet fuel expenses constitute roughly 30 pct of Chinese airlines' operating costs (the single largest operating cost component), a 10 pct rise in jet fuel expenses will likely cause a parallel three pct increase in operating costs,' the agency said in a statement.

But Fitch said that China Southern Airlines' existing 'BB-' rating remains unchanged despite the fact it is likely to be severely hit by the price jump.

The agency said it expects the price hike to reduce China Southern's operating profit by between 900 mln yuan and one bln yuan in 2005 from the 2.8 bln yuan forecast before jet fuel prices were raised.

'Notwithstanding this, Fitch expects China Southern's key credit ratios to remain within acceptable levels for its current 'BB-' (BB minus) ratings,' the agency said, noting that the cash impact of the fuel price increase will be partly offset by the airline's traffic and revenue growth.

But, Fitch warned that further increases of this magnitude in jet fuel prices over the short term could threaten the airline's ratings, or the rating outlook.

Fitch said a few large airlines with international operations, such as Air China, will be less affected by the price increase than their domestic peers because they are allowed to purchase jet fuel at foreign destinations when serving overseas routes.

Historically, Chinese airlines have purchased most of their jet fuel from the monopoly supplier, China Aviation Oil Supply Company, at the rates set by the National Development and Reform Commission (NDRC).

Although the NDRC sets domestic jet fuel prices by referencing international market prices, due to the time lag and frequency of adjustments, prices paid by Chinese airlines have been substantially higher than international prices, Fitch said.

bjburo@xinhuafinance.com

amj/dk

FTO has not been very lucky lately...sliding down.

Does anyone have any idea as to why?

refer Barneymam`s post of 3rd February which closes out sale of Blue Sky holding and with oil hike and pre-sales at lower prices possibly similar to China Aviation mixed with general uncertainty, gives us the current price and unless something good occurs I see the price lowering to 5p +/-, which may be a good time to step in. There does seem to be little confidence in the `something good` occurring though !!!!