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Fortune Oil has a potential to reach 12p in end of summer, 2004

result comming out this comming week

Y all the dumping on Fri, or is Fri dumping day in general?

Result coming out on 28/04/2004. It is most definitive to be positive news. Buy at 7p. It is bound to go higher.

a good set of results should see it feature in shares mag again i think .good news and coverage should push price up again . 10, 12p very possible .

starting to rise now in anticipation of a good set of figures tomorrow . i think there could be more rises tomorrow too.

Well said, Bosley! Fortune Oil will be on the run tomorrow when the result comes out. It is undervalued and 7p is a buy. Target would be 12-15p. It is cash-rich.

check out EEN going same way but quicker.............

what time is the result come out

ckmtang
Results out on 29th (Thursday)

it still hasn`t come out yet.....

Can anybody tell me what the "unexpected windfall" for shareholders is likely to be ?

crostrad

The deal for sale of Fortune Aviation to China Aviation formalised at the EGM on 19 April. Since agreeing the figures the share portion of the deal has increased to shareholders in FTO in value from 17.6m to 29.5m and the whole deal enhanced in value from 31.8m to 49.8m.

However, I do worry at the succession of delays in publishing the EOY figures.

Best regards

Thanks for that,--Would I have to have held shares on a certain date to benefit from the deal ? I have been in and out of Fortune (sounds like hard times) since
February this year--odds on that I will slip down the crack!

Report has finally arrived.
No show stoppers as such, but immediate future of share price entirely dependent upon confirmation of Blue Sky sale which is still awaited, test of nerve methinks !

good report.

crostrad

shouldn't think so. There is no ex-div date as they are not paying a final and the deal itself is not yet final.

I imagine that they will announce a qualifying date for interims if the deal goes through and pay out as a component of the interim.

Just got back from work expecting to see some rise in the FTO shares and a conclusions to this unexpected windfall. Very new to the game and don't really understand what going on. I understand the price of FTO Aviation has increased in price but to receive a windfall!!!!!! I brought my shares via a broker!!! They just give you extra in shares or something???

Anyway, hoping someone can sort me out as I have been up before work looking for movement. Still a good buy I think.

dont think anyone knows exactly what form the windfall will take until after the sale is completed. could be just bigger profits for next year , or maybe a special dividend payment .

WOW! This one's dropping like a stone!

I HATE oil stocks! Or is it a MM tree-shake?