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OPG Opg Power Ventures Plc

10.10
-0.10 (-0.98%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Opg Power Ventures Plc LSE:OPG London Ordinary Share IM00B2R3RX72 ORD 0.0147P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.10 -0.98% 10.10 357,197 16:35:29
Bid Price Offer Price High Price Low Price Open Price
10.00 10.50 10.50 10.00 10.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 58.68M 7.45M 0.0186 5.51 41.08M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:29 UT 72,500 10.10 GBX

Opg Power Ventures (OPG) Latest News

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Date Time Title Posts
21/3/202410:18OPG Power1,232
27/10/202201:26OPG Power Beware of self confessed scammer4
26/10/202212:43OPG- INDIAN OPG POWER PLANTS. MASSIVE UP-COMING GROWTH6,123
29/5/201413:39OPG Power - India1,638

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Opg Power Ventures (OPG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-28 16:35:2910.1072,5007,322.50UT
2024-03-28 14:47:5110.208,500867.00O
2024-03-28 14:47:4910.201,600163.20O
2024-03-28 14:47:4710.2041,8764,271.35O
2024-03-28 14:46:3510.0350,0005,015.10O

Opg Power Ventures (OPG) Top Chat Posts

Top Posts
Posted at 28/3/2024 08:20 by Opg Power Ventures Daily Update
Opg Power Ventures Plc is listed in the Electric Services sector of the London Stock Exchange with ticker OPG. The last closing price for Opg Power Ventures was 10.20p.
Opg Power Ventures currently has 400,733,511 shares in issue. The market capitalisation of Opg Power Ventures is £41,075,185.
Opg Power Ventures has a price to earnings ratio (PE ratio) of 5.51.
This morning OPG shares opened at 10.50p
Posted at 01/2/2024 07:43 by dave4545
I'm not seeing any small cap stock come out with numbers to match OPG or get close.
BBSN last week were good, today Mtec at half the valuation of OPG says a "strong performance" with £1.4 mil ebitda

What did OPG make..£7.8 mil ebitda in first half and over £4 mil PBT not to mention the huge net cash position.

This penny share market is the most bearish for a while, loads of stocks tanking because they need to raise money and OPG cannot even command a respectable valuation yet it makes lots of profits again and generates a lot of cash.

It makes more money than Hvivo numbers the other day, has half their cash position but only worth a fifth of their valuation near £200 mil

Think OPG is very unloved but it's been like this for years
Posted at 02/1/2024 09:47 by rivaldo
I've bought back in here for the first time in ages recently on the dip, which was a pleasant surprise as I thought the share price would get away from me.

There are many obvious reasons for buying here, including the cash generation, the much reduced price of coal, growing demand for power, the Indian government's push for growth, the low rating etc - and above all the potentially very large share price upside.
Posted at 09/11/2023 12:25 by dave4545
Ah thank you.

I was going to ask them about buying back shares, it just seems nailed on, if a share price or a value share price refuses to move then use a fraction of the cash to buyback stock it's just so simple.
Posted at 01/11/2023 10:39 by tim000
Drax, the UK listed genco, has a current mkt cap of £1.6bn and an EV/EBITDA ratio of ca 3.5 (annualising the 2024 H1 results). Its net debt is £1.3bn and book value £1.6bn, so is currently trading at about book value. DRX is considered to be undervalued. OPG is obviously tiny in comparison. It has a current EV value of just £21mn (based on August’s net cash of nearly £20mn), and a historic EV/EBITDA ratio of about 1.5 (based on Cavendish’s estimated EBITDA for FY23). Its current mkt cap is only about 25% of book value, even though it has nearly 50% of its mkt cap in net cash and is part of a much stronger power market, with booming electricity demand. Compared with DRX, the only thing it lacks is a dividend policy. If OPG introduced a 0.5p dividend it would have a comparable yield to DRX. Based on this comparison, OPG is surely worth at least double its current share price.
Posted at 31/10/2023 10:50 by tim000
People often make comments such as why didn’t our company do a capital raise at the share price peak of x, when the share price is now x/2? As if there is unlimited capital available at any given share price. Obviously institutions weren’t willing to buy at x which was considered inflated by short term buyers. The same principle is true for buybacks, as Goldbug says. No one would have sold their shares at a buyback price equating to the depressed market price. And non execs wouldn’t have condoned a takeout of minority shareholders at such a price.
Posted at 25/10/2023 18:55 by tim000
At the current share price, I agree with you that a buyback would improve shareholder value. In many cases though, management are far too biased about their own abilities and overpay for the equity they manage. In general, it’s not the job of management to pretend they’re fund managers - especially when buying their own shares. Shareholder communications often suffer the same problem - excessive optimism.
I should add however that I wouldn’t expect a buyback policy to harvest a meaningful proportion of the equity at around the current share price, but there’s no harm in trying I suppose.
Posted at 25/10/2023 15:55 by tim000
Of course. But the company can only control its business, not the share price. No doubt a higher share price will arise eventually. The company has rightly prioritized reducing indebtedness in recent years, and has dramatically achieved that. The share price completely ignored that progress. Perhaps reinstatement of the dividend this year might improve sentiment.
Posted at 07/10/2023 10:44 by tim000
The trading update mentions that electricity consumption in India has increased by nearly 9% in the current FY. In fact, adding the subsequently published figures for September, coal-fired power output has increased 14% April-September on the same months of the previous year. For five months of the second half of the FY, OPG has signed a contract to supply a State utility up to two-thirds of its daily capacity - subject of course to the State utility’s demand and OPG’s uncontracted spare capacity. In practice, therefore, I imagine the actual take-up will be substantially less. However, the company’s estimated output of 58% of capacity in FY24 does look conservative given these facts, especially as the Indian power market is very tight - reflected in the various government mandates for gencos to maximise output. I would hope OPG will beat this figure, exceed market expectations for cashflow and give the share price further momentum over the next 12 months.
Posted at 27/9/2023 16:56 by tim000
Goldbug says the Indian power sector is not consolidating, because profits aren’t currently secure enough to incentivise acquisitions. There is no end game on the horizon for OPG at the moment. Their goal is to return to consistent profitability, pay consistent dividends and hence get the share price back to historical levels. That will suffice for investors. Personally I don’t want them speculating in acquisitions themselves, they don’t have a good record. It’s why the share price has been so low.
Posted at 30/6/2023 08:36 by tim000
Agreed, the quantum of a buy back is most important. Maybe British Steel pension fund would like to exit, and a deal can be agreed? I’ve never seen a buy back at a substantial premium to the share price, that suggests they can’t happen. One reason of course is that managements might have financial incentives to inflate their company’s share price in the short term, eg exercising and selling options. However, there’s no reason why a combination of good operating performance and generous dividends etc shouldn’t inflate the share price to a level where a large off market buyback would be acceptable to the seller.
Opg Power Ventures share price data is direct from the London Stock Exchange

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