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?

TRADING UPDATE FTO MOVING up!!!

Doing well. Plenty more upside and good news on the gas front.

They had enough money to invest in other companies.. FTO increased holdings to 37% and 80% in other two companies, not far from 100% though.
That's an investment for future IMO

Now Fortune has an influential say in operations it can begin to drive itself forward.

"In 2004, the net profit for the West Zhuhai terminal was #2.2 million while Fu Duo had a net profit of #75,000. The combined gross assets of South China Terminals
Ltd and Zhanjiang Fu Duo Gas Company at end December 2004 was #7.8 million."

Fortune now has potential to match these profits which should see share intrest and a broker mark up.

An oil stock with growth potential...yum yum

Lets not forget China has 10% economic organic annual growth according to the likes of Bloomberg. I see the sp on a one way street.

New thread made up, for a new start with FTO

Click on the link below :

http://www.moneyam.com/InvestorsRoom/posts.php?tid=9557#lastread