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?

this has got to be the most boring share up 1%...down 1% why not just leave it where it is ....would be nice just to see a gentle rise up to 10p ...at this rate it will take 10yrs to get there lol

not so boring now but in wrong direction

biffa18 - I'll admit that FTO has been pretty dull for about a year or so now. But I bought in at 1.5p and the ride up to 10p was pretty fun. Static at the moment but more to come I feel.....

Queen1
yep yr right im in at lower as well but would be nice to see some pos news sometimes ...i went into this and ashtead recently ,now if it was to do a ashtead ,now that would be nice ! i see they dropped it yest to let someone in with 400 + k

Indeed. I have to admit that with all of the favourable conditions around in its markets at present I'm a little surprised that FTO hasn't kicked on. I still think it's there, just not sure where it's hiding!

anyone know why there is no trade in FTO this morning

SHANGHAI (AFX) - China will soon scrap controls over prices of aviation fuel
and reform the pricing of gasoline and diesel by linking them to prices of crude
oil, the official Shanghai Securities News reported.
The newspaper was citing an official with the National Development and
Reform Commission (NDRC), the country's powerful economic planning body.
The new pricing mechanism will more closely reflect crude oil prices, the
paper quoted Liu Shujie, the head of pricing department of the micro-economics
research institution under the NDRC as saying.
The newspaper also said that curbs in the sale of jet fuel are being
relaxed. Currently, airlines buy jet fuel mainly from the state-owned China
Aviation Oil Holding Co at a price set by the NDRC but other major oil companies
are being allowed to take a share of the market.
Liu also said the authorities will link wholesale prices of gasoline and
diesel on the domestic market to crude oil "indirectly".
The price changes will be more frequent than the current monthly
adjustments, he added.
Liu did not give a specific time for the reform or any indication of how
closely gasoline prices will follow global crude oil prices.
China has set caps on oil products on the domestic market to deflect
inflationary pressure and cushion consumers from the full effects of soaring
global energy prices.
But with crude oil at current high levels on global markets, the pricing
mechanism is cutting deeply into profits of the country's refineries.
China's Ministry of Finance said yesterday that it is offering a one-off
state subsidy of 10 bln yuan to the country's big oil refiner Sinopec Group,
which has been squeezed by mounting crude oil prices coupled with tight caps on
prices for refined oil products.

Fortune Oil on the move at last??

Its moving well again.

Yuan rises to record dollar level (4th Jan 06)

http://news.bbc.co.uk/1/hi/business/4579502.stm

Like the falling riskgrade of this stock, been on watchlist for a while but now in my portfolio....

explosive: I've been in FTO since the 1.5p days, saw it hit 10p and now floating between 5-7p. What makes it a buy for you now?

Bought in @ 5.91, sp to me is very undervalued considering growth of China. I also think the sp will soon return to around 8p. I have noticed that no RNS or Trading updates have been released. Not sure why however can see no reason for poor performance... RiskGrade is currently valued at 174, I see no reason for this to rise.

Fair enough. As a long-term holder it's easy to get a little jaded by the FTO performance at times but I'm still hangin' on in there!

What price are most people in at on here/ I'm thinking of jumping on board?

pd1000 - I was in at 1.5p but sold some on the way up at 4.5p.

Pd1000

Sold half of mine at a loss at the start of the week. purely because of short term ops. was averaged at 6.2p

This share will respond when China starts bringing the energy market into a commercial enviroment not long by the mutterings. So will be buying back in.

But I do not think this will make you rich overnight. But then again nor will it go bust I hope.

Regards

Yet another one in at a low price keeping on hoping for big news.It is a very frustating share to hold but surely some news is around the corner, waited long enough.

Gardyne - Understand your reasons for not buying in and felt the same at first appearence. FTO has very good conditions for growth within China so should do well as long as the board are up for the job!

explosive,maybe its the way I worded it.I was just explaining like other posters I was in under 2p and am still waiting the long awaited news which could burst this in to action.Some posters have already sold out because of lack of action but I agree with you that good times are around the corner.