This is an another money maker -trading in high volumes -not yet started the race -But once moving ahead there is no chance of picking up this tiddler.Join together to enjoy the instant wealth

Andy - I've been trying to resend an e-mail, but it keeps coming back with the message "mail box is full"! (The weekly comp e-mail seems to be making it through - but I'm after a reply from my e-mail of Jan 29)

LW,

Ok I'll check my email, my mailbox is certainly not full, although not too many received recently.


Gary k

ALMOST back up to my 8p buy price today, then it fell back a tad!

I still feel we'll be above the 8p figure soon, and then I'm looking to recover my loss on those I paid 12p for in the placing a few years ago!

Onwards and upwards from here I think, and I'm holding all mine for the forseeable future!

SHARES MAGAZINE Plays of the Week:.....................

Patsystems (PTS) - Buy,
Fortune Oil (FTO) - Buy,
Cobra Biomanufacturing (CBF) - Hold.
Asos (ASC) - Buy,
Eurodis (ELH) - Buy,
Oystertec (OYS) - Buy.

Andy

A lot of us bought at around 8p... and I took up the rights issue at around 12p

Boy are we a patient lot!!??

Most of my holding was bought at 1p... and some more at 2.5p and 3.5p, so Im well pleased I had enough faith to buy at those levels now!!
Good Fortune John

John,

Very well done, you deserve it for showing faith when FTO hit rock bottom!

I intend to hold, I always thought FTO would come good in the end, although it took longer than I thought I must admit.

I have also held PRE and DGO for the same period, and they are slowly recovering too. Keep an eye out for PRE in the next couple of weeks, they may report a decent find!

Thanks Andy will do!

Another one of mine that's on the move that Im very excited about and seems an interesting play, is "ReGen Therapeutics" (RGT) with their natural-no-side-affects treatment and possible cure for Alzheimer's Disease (AD)

Directors have just taken out options to buy shares at 6p which sounds very positive and optimistic as the shares are only 3.75p to buy currently... (compared to a previous all time high of 40p.)

There are some very knowledgeable posters on the Ample BB site especially "MCGRAW" and its well worth reading if you have the time. !

I've got 20,000 shares in it, but wish I had more!
Kind Regards John

RP,

Thanks for the info, will check out the ample site.

why all the rises so suddenly??????????????this is my first stock that has done well ?

llewellyn
Its a recovery play after it crashed during the Oil Crisis at the end of 1998...
Theres been some good news comming through and realisation by investors that FTO is beginning to do well again...
I expect it to reach its previous all time high of 16p at least some time this year.
regards John

thanks very much john i brought these last year at 1.75 so i will ride the storm????????

DONT know want to do the price today 8p hang on in there ????????????lets see

recently bought into this company on the back of shares mag article. happy so far ! wondering whether to take profit now or do people think there is more upside to this current rise?

i think still have space to rise, since IC tipped BUY today

Fortune Oil! the current situation....!!!!
Plus Points
(1) Probably the highest exposure to the Chinese economic growth of any company on the London Stock Exchange.
(2) Positioned in an attractive Niche
(3) Sale of Bluesky for excellent price
(4) Strong Balance sheet

Negative points
(1) Unpredictable Chinese politics
(2) Price has already risen very strongly

Continue to hold!!!
John

think i am going to take your advice on this one john. very tempting to take the profit but maybe there is more to come . did IC give any indication as to price forcasts? what else did the article say ckmtang?

Hi bosley
I don't want to go into detail as it might breach "Copy Right"

Basically they are saying what I've said in my previous post.... in my opinion The bottom line is..... "its a "High Risk" "High Reward" company in a very unique position with everything going for it at this moment in time!!"

However, someone has stuck his neck out and posted the IC's article on ADVFN if you want more detail.

Personally Im confident the price will almost, if not, actually hit the previous all time high of just over 16p, especially as we progress towards the results in April!!

Its going to be a very bumpy ride so try not to give in to your nerves during a sudden sharp fall!!.....

It's the subtle and gradual hint of a decline during the bobbing about that you have to be aware of!!....... conversely be aware of the subtle climb upwards taking place to help with your decision to hold.

Regards John

http://www.iii.co.uk/portfolio
what shud i do>>////?????????

basharat
Youve put a link up to presumably your portfolio on iii....
No one else can see it, as it is pass word protected!!

Ive posted the following comment on the iii Fortune Oil board.....What i am basicly saying is, as long as there is ecpectation & anticipation for more good news, then its worth holding for the time being..... sure it will bob around and may even briefly go back down to 8p, but as long as there is.... """"An-air-of-expectation""".... it will remain bouyent untill the results in April at least.
Copied from iii>>>>>
--------------------------------------------

Historically.... the absence of any news tends to make share prices to drift aimlessly and over a period of time it becomes a drift downwards!!

Lets consider what News Flow we can expect over the next couple of months for FTO!!...

We have the news of what will be done with the cash from the sale of Bluesky........ and it will be interesting to see what ideas the new CEO is going to come up with, as Im sure they would not have taken on someone with his experience and qualifications without something in mind, and Im looking forward to the "Final Report" for 2003 due out in April.....

So there is an Air-of-expectation to keep the price going for at least a couple of months yet.

"Orial Securities" estimate that pre-tax profit for 2003 will be 5.10 Million and 7.40 Million for 2004 (an increase of 45%) and as long as the forth-coming results don't disappoint on these figures then we can expect to see FTO go from strength to strength!!

Its possible we may see bit of a lull in the price during the summer months, but as things are looking good for the future its well worth holding for the long term!

Given time I expect Fortune to get way up into double figures eventualy.

Look at "African Diamonds".... "Dragon Oil".... "Oxus Mining" and others as examples if anyone doubts me!!

Kind Regards John

hi rothschild (john) thank you for the reassuring words . i agree that there is an air of expectation about the share . according to the shares article blue sky sold for much more than people thought it would so fortunes other holdings would be revalued . would be interesting to see some new valuations. anybody heard any news about this ?

R.P.

Quote: ""Orial Securities" estimate that pre-tax profit for 2003 will be 5.10 Million and 7.40 Million for 2004 (an increase of 45%)"

The 5.1m figure puts FTO on a PER of 112.5 (on share price of 9p)
and 7.4m gives PER 77.5 on same 9p price.

To me this appears a little on the expensive side (at 9p that is). I may be wrong.

When were Orial's figures last updated?
Is there any chance that results for 2004 could be much higher?