Yes, I don't know if many other holders are aware that there is a fairly narrow market in the FTO shares, due to the overwhelming majority of them being in the hands of directors - either directly or indirectly - howver some are owned by the Chinese Government - indirectly through SOEs (state owned enterprises). They might be a bit sour if they are left out of any buy-in and refloatation - not good PR in this environment, but they would probably have other plans in place.
For any shareholders - if they had the chance to rebuy in on a refloat in Hong Kong for example, the initial IPO would be such that the then ownership would have already made their money, by refloating at a much higher valuation (heard talk on Chinese TV yesterday that some companies are trading on P/Es of 80 and 90) - Exisiting FTO shareholders would have to pay a lot more for the same share of the company - A few apsects to consider.
As for MPO case what is the chance of a buyout? well just MPO Chinese interest, its quite possible but they FTO/Chinese government need MPO to provide the 'Know how' Expert guidance.
Very interesting indeed!
- Forums
- ASX - By Stock
- MPO
- fortune oil going troppo
fortune oil going troppo, page-10
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MPO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online