Worth a shot?

i bought 1k of these shares first thing this morn...doing quite well. holding on to them for a while.

These are tipped to crawl nicely upwards but is it worth holding on as long as
18 months for 50% when they are only 3p?

Yes, if you're investing, the whole idea is to buy a share that will grow over time.

Yes, if we are about to experience another crash.

No, if you are trading, you're just looking for a quick profit.

easty

If you bought 1000 at about 3p with a offer price of 2.65p plus the dealing fees to buy and to sell I guess they will have to double in price for you to break even. I may be wrong, but something to think about before you decide how many you are going to buy, or if you are going to buy.

FTO's unique position in such a strategic and dynamic market make them unstoppable in the near future, especially as the chinese government seems dedicated to embracing capitalism in a socialist sort of way.The fact that the price is so small means big potential growth.

its a long termer, i deal thru the halifax online, they seem to have reasonable prices 11.95 per transaction, however if anyone knows of cheaper services please let me know
regards
easty

easty: I pay 7.50 per transaction (on line) through Charles Schwab-Europe who have sold all their clients to Barclays Stockbrokers. I must add that on two occasions this last week, Schwab charged 12.00, their telephone fee. They have reimbursed me after I brought it to their attention.

Having read Barclays introductory bumf I reeled at the thought that even though they had promised no changes in dealing or administration charges, they were increased.

I was so cross I rang Schwab and now have a letter confirming that Barclays will not charge more that 7.50 per trade (as long as I am dealing on a regular basis), for PEPs, ISAs and Frequent Trader accounts and their administration costs are competitive.

Watch this space!

High easty try sharecrazy at www.sharecrazy.com they charge 7 per trade and no quartly charge's etc.

CORRECTION 9 per trade sorry.

try imiweb 10 per deal on line

ok thanks alot for that info everyone

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Easty
HoodlessBrennan.com charge 7.50 for online trading and no conditions involved except you must start off with 1,000 in your account and its a T3 settlement.
Regards JC
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I use Xest from an egg savings account. Not the cheapest (9.99 a trade + 5 a month) or the best, but no hassle in transferring cash to your dealing account, and 3.5% interest on the balance.

Have been thinking about moving over to Barclays..

can we talk about FTO and not brokers prices or dont any of you have anything to say ?

the second oil pipeline should boost revenues significantly and when air travel picks up again their refuelling arm will do better again. as far as potential growth goes, i don't know.

anyone know when the pipeline is being built?

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The 'selling off' of the Petrol Station operation was part of the survival exercise for FTO!

Many will recall that while some "Major Oil Companies" were having to merge together in order to survive the oil crisis, Fortune Oil sold off some of its assets, the Petrol Stations being part of that package..

As a long term holder I was saddened to see this happen (as it also put "Fortune Oil" into the publics view on a daily basis), but I feel it was the right thing to do at the time, otherwise I'm sure the company would not be with us today!

FTO has a gutsy side to it!.... This has been shown by the way they have turned things around since those dark days of the Oil Crisis, and the ventures they have entered into since....... to which I say..... "Well Done!".

If the current progress can be maintained I certainly wouldn't altogether discount a rise to former values around 16 pence within the next year....... or two.
The recent performance of many small oil companies such as "Dragon Oil" demonstrate what is currently happening within the oil sector and this should be an encouraging situation for all who hold shares in Fortune Oil.

Regards JC

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Some interesting trades on this yesterday near close, the buys vastly outweighing the sells again after a quiet couple of weeks, maybe the news regarding the pipeline deal is just round the corner.

Looks like someone knows something !

Good to see this hotting up again.

Any views ?