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?

It was a good solid end to the day yesterday so some more today and we might be starting the big push up before results.

Pushing up for higher ground now, looking strong again.

for an oil co. that is making profits--why is the sp so low??

They are not just making profits, their profit has doubled and the eps went up 78%. maybe when the results come out on the 28th September we will see some of the big buyers taking notice.

The main thing to look for at the interims is how much EPS growth is expected for the full year and giving the same growth what is expected in 2006. Presently they have a conservative estimate of 0.25p in 2006, but if as is expected the aviation fuel growth is massive and also the CNG side is due to add into this then later we should be looking for an EPS in 2006 of potentially 0.45p, this would give at 9p a prospective PER of 20 (down very much from pevious times of pr PER of 40) and would make 8p to 9p a reasonable level to be trading at in my opinion.

The important thing with FTO is the pr PEG factor, which is low and supports a high PER, a high PER is only adverse if the PEG is also high, a low PEG and high PER is fine for a growing stock, and with FTO the EPS growth is very strong.

nice little 400 gone thro things should begin to hot up over next few days on spec alone , so have taken a nice large spread bet to close before results just in case ...so prob will go down from now on !!

Going up well today.

It will be a buy if it passes 10p. Not yet though!

not sure whats going on with no volume to speak of , they are moving the spread about which makes it look like it has gone up or down , did think there might be a tad more interest in run up to end of september hope there is not something silly going on in the back ground

Still selling going on, I can't understand why,if anything they should have been going up with results due in 1 weeks time. If recent performance is anything to go by they should have a another good year. Maybe investers are waiting for further proof, any thoughts?.

Roma - I really don't understand it either unless the results are not going to be good and people have had a sniff. But I find that hard to believe in the current climate. I've been in FTO since they were 1.5p. Sold part of my holding at 4.5p, saw them rise to 10p and tread water from 5-7p ever since. If they can't make a break-out of the range shortly with all the factors that are in their favour (oil price, Chinese business etc) then perhaps they're doomed. However, I believe they will so hanging on in there.

Last year they doubled their net profits from 1.28m to 2.58m and eps rose from 0.09 to 0.16. This year they have the benefit of the Chinese business, and high oil prices. I can only see better things ahead,. I guess I'll have to wait until next week.

The result is better than I expected. Given the recent developement and also involvement of foregin companies in China, the future of fortune should be more positive. I like some parts of the report.

"the Company made sound progress in the pursuit of potential new investments." But we don't know what investment yet.

"In early 2005 there was insufficient gas supply to meet demand in and around Beijing." The good news is that the demand is greater than the supply, so the supply problem should be sorted soon due to foreign investment in China, they should make loads of dosh. They expect to go into profit with these pipelines early next year, however this can be brought forward due to high growth in China and stronger currency against Dollar etc.

Check recent investments by large institutions in China. Today: "UBS to acquire 500 mln dollar stake in Bank Of China"
http://uk.biz.yahoo.com//27092005/323/ubs-acquire-500-mln-dollar-stake-bank-china.html

OR: "BASF investment in China's Chemical industry ..." http://www.moneyam.com/action/news/showArticle?id=981271

The results are in line with broker forecasts and second half is normally better than first so plenty of reasons for a positive outlook I think.

But the sp has still dropped and at a time when the price of oil and commodities is so high. This is actually therefore not a great performance which is very disappointing to a long-term holder like myself.

http://abcnews.go.com/Business/wireStory?id=1258334&CMP=OTC-RSSFeeds0312

Thanks ahoj

mind if I post on another BB

regards

http://uk.biz.yahoo.com//051108/94/fw9ep.html


BP eyes stake in troubled China Aviation Oil
BP (LSE: BP.L - news - msgs) , the UK energy group, is negotiating with Singapore-based China Aviation Oil for a possible stake in the Chinese state-owned jet fuel importer as part of a debt restructuring plan for the company, which was at the centre of a derivatives trading scandal last year.

BP has emerged as the most prominent potential investor among several others, including another European oil company, which have expressed interest in taking a stake in CAO to gain access to Chinas energy market.

BP would possibly join Temasek Holdings, the Singapore state investment company, as CAOs biggest outside strategic investors.

Beijing-based China Aviation Oil Holding (CAOHC) now has 60 per cent of CAO.

Shares in BP were down 0.2 per cent at 634.5p in late morning trade in London on Tuesday.

BP will buy stake in CAO to gain access to China, result to push sp back to 10p