Opg Power Ventures Share Discussion Threads

[chalky] 12/10/2016 16:47

I reckon they have bostick on this share price and its all down to the uncertainty of this lanco business,opg should update on what is going on.

[azalea] 09/10/2016 08:53

Why do you reckon that and for what purpose?

[tattooed93] 08/10/2016 17:13

I reckon a placing must be close

[source] 08/10/2016 14:36

More relevantly though (as usual):-Regards,Source. "Maharashtra joins Uday"

[azalea] 08/10/2016 09:48

7/10. GBP drops below 83 IR. circa 20% from its high in approx the last 18 months .

[piedro] 05/10/2016 11:14

This thread used to be quite readable with a gentle use of the filter button.

Now there are 'bashers' out in force.

"Please don't feed the trolls, it only encourages them."

[ballychan] 05/10/2016 09:19

Oh bleeding heck, let's leave the playground antics behind please.Andycapp they're no longer in project stage and are looking at refinancing options, so a drop in rate certainly has an impact. Pg 63 is a good read on the presentation. The rupee is at a low 84.5 INR, that certainly bodes well. Perhaps that will be priced in soon, just like the FTSE prices in the drop in sterling!

[azalea] 05/10/2016 09:10

andycapp1
Just glanced at a few of your posts, like others of you ilk, bitter and twisted. Presumably its because you claim to be a substantial holder and are loosing a few quid. Whose the moron now?

[source] 05/10/2016 08:44

ASOS was a fact as well you dim wit. Regards,Source.

[azalea] 05/10/2016 08:41

andycapp1
Clearly you are the dolt, i am merely reporting a fact. Doh!

[the original goldbug] 05/10/2016 06:38

Well lower rates in India does mean a likely lower cost of capital of any refinancing efforts or new debt deals on possible new projects. More importantly, a cut in the Indian base rate, helps to keep the Indian growth story intact, so it has plenty of relevance as far as shareholders of OPG are concerned.

[jozo] 04/10/2016 22:53

I think he has filtered everyone so he is only able to converse with himself - hence the same old tosh day after day. Clearly not all there up top!While I think the jury is very much out with opg over the next year or so I believe that if they can start to under promise and over deliver them the market will take note.However they have clearly under delivered and have some serious strategic issues to resolve going forward - my guess solar is part of this as they seek to pre-empt possible more stringent regulations.Jozo

[jailbird] 04/10/2016 21:35

Azalea,

You really are being caught out time and time again.

You have no respect on any BB...it is surprising and shows how thick skinned your are.

[andycapp1] 04/10/2016 19:45

Azalea project finance and project NPVs don't work off short term rates you dolt. This is utterly irrelevant...again.

[azalea] 04/10/2016 12:10

RBI, reduces the bench mark lending rate from 6.5% to 6.25%.

[source] 01/10/2016 20:21

NB. I accept the source of the article above has potential inherent bias, but the consulting firm used is still trotting out sobering numbers that's still worth a debate if remotely true and the stats do seem to tally with industry drops in PLF's too. Regards,Source.

[source] 01/10/2016 20:18

...also Ballychan I missed your post asking about wider issues in the Indian power market and I mentioned as being in the press. Have a look at the report below to illustrate my point. The comments about PLF's falling across the new power sector sound particularly sobering:-Regards,Source. ....NEW DELHI: Over Rs 3,00,000 crore "is being wasted" by India on building an additional 62GW of coal power plants that will remain idle due to huge overcapacity in the power sector, Greenpeace India today said and asserted that the "unjustified" expansion plans pose a "threat" to the country's commitments to climate change. "With India's Cabinet signalling readiness to ratify the Paris Agreement on climate change, Greenpeace India is highlighting the threat posed to these commitments as well as to the economy, in particular the energy and banking sectors by the unnecessary and unjustified plans for coal expansion. "India is making laudable progress towards its clean energy commitments, installing 175GW of solar and wind power, and looking to attract multi-billion dollar investments in the renewable sector. "At the same time, Greenpeace's analysis shows that over Rs 3,00,000 crore (close to $50 billion) is being wasted on building an additional 62GW of coal power plants, which will remain idle due to huge overcapacity in the power sector," it said in a statement. The threat of excess coal power comes even as the sector has already seen plant load factors (PLF) drop to 62 per cent in 2015-16, and as low as 54 per cent in July, 2016, leading to under-recoveries and financial distress, it said. The green body said that at least 31GW of coal power plants are currently idle and stranded due to a lack of coal supply or purchasing agreements with state discoms. "It is clear that there is no need for any additional coal power till 2022 at least, and probably beyond that too, even if we work with the governments own estimates of 6.7 per cent per annum growth in electricity demand (based on a projected GDP growth of 8.3 per cent)."And yet, to continue building, at enormous expense, an additional 65GW of coal plants that will not be utilised, is shocking evidence of poor planning in the infrastructure sector. In effect, 94 per cent of the coal power capacity that is currently being built will be lying idle," said Jai Krishna, research consultant for Greenpeace India. Greenpeace India said that in addition to 65 GW of coal power under construction, there are an estimated additional 178 GW of coal power plants at various stages in the permitting process. If even a fraction of this gets built, the overcapacity problem in the power sector will be magnified and this has follow-on implications for the banking sector with the risk of further growth in Non-Performing Assets, it said.

[source] 01/10/2016 20:14

That wasn't the question though dim wit. Read it again as your clearly struggling again. Regards,Source.

[azalea] 01/10/2016 16:50

AH HA. Perhaps 'Source's action of seemingly plucking ASOS out of thin air and comparing its meteoric rise against OPG, was no accident; for I now read in today's Daily Mail, that the company "faces MPs probe" into staff complaints of alleged draconian working conditions and exploitive contracts. The House of Commons, Business,Innovation and Skills Committee, is set to include the fashion retailer in a wider investigation into working practices. Staff complained of contracts that allegedly allowed them to be sent home without pay and targets so strict they felt unable to take toilet breaks. ASOS co founder Nick Robertson OBE, has denied claims about treatment of staff at its Barnsley workshop, where items are packaged to be sent to online shoppers.

[source] 01/10/2016 14:51

Thanks Tgb. Azalea - you dim wit. Try and read what people post rather than pontificating endlessly. The poster said "Can anyone actually name an AIM company that has 'over delivered'?"I simply said ASOS in the same timeframe....not a sector specific response. Dim wit indeed. Regards,Source.

[the original goldbug] 01/10/2016 12:12

I can't comment with authority about the delay in sales you refer to in Gujarat as I wasn't invested in the stock from early 15 until quite recently (in interests of disclosure, I had to sell for tax related reasons, rather than my amazing ability to forecast that the stock would sell off!). What I can say is that Gujarat was delayed in construction due to a court case in local land access rights etc. Consdidering the aggressive Nimbyism and cost inflation, I think they have done a more than reasonable job, compared to the vast majority of similar capital intensive development plays that were listed on AIM.

[azalea] 01/10/2016 11:31

TOG -2735
Spot on.
Anyone who suddenly picks out of thin air a fashion and beauty retailer which just happens to be currently at the top of its game(he could have picked,Tesco, TLW, Polly Peck, Capita or even BHS, to name a few)) and compares it with OPG, a company in a totally different sector,shows what a cynical financially ignorant poster he is, which also convinces me he is not a holder in OPG. Its back to the filter box, for him.

On a more relevant and interesting note, given that OPG Q1 2017(April -June) revenues were £57m compared to the revenues for the whole of 2016 at £128,4m; Q2 2017 revenues boosted by the ramping up of the latest 2 plants should amount to an even greater proportion of FY 2016 revenues, with Q3 following suit. Ultimately, FY 2017 revenues and Eps could be close to doubling those of FY 2016,

Despite the number of negative posters( several non holders)on this thread, I do not think anyones views here are influencing the share price Accordingly, I am far more inclined to accept your summary in the last para. However, I would add that the turn round will have taken take affect by the time of 2017 prelims.

[the original goldbug] 01/10/2016 09:55

Well if you were clever/fortunate enough to spot the 30 bagger ASOS, you would surely not hold every investment to the same high standard!

The point remains that almost every company involved in fixed asset, civil engineering, capital intensive type investments struggles to come in on budget and time.

Here's a question for the moaners to ponder on. Obviously the stock did trade at 90p for about a year, so what crime did management commit for the stock to drop to 60p? And what wonders did management do, to get the stock to rerate from 50p to 90p from 2012 onwards? I remember reading this board and people were jumping to conclusion that the Chennai floods were to blame for the fall in share price. That turned out to be a red herring, but an understanble rationalisation to justify the fall in the stock price.

The truth of the matter is that active fund managers have seen an ongoing wave of redemptions and that hits smaller stocks such as OPG disproportionately hard. A hedgefund forced to wind up is a forced seller of OPG into a thin market and bingo the result is a 30% markdown. Of course it is preferable to pin the blame on Azalea or management rather than accept the reality that we were unfortunate in our timing and hostage to factors we did not initially recognise.

The corollary is that when the tide turns (eventually) and the stock rerates we will think we are geniuses with genuine stock picking prowess...

[source] 30/9/2016 21:50

Errmm yes. Numerous, but just look up ASOS in the same timeframe. Regards,Source.