Opg Power Ventures Share Discussion Threads

[ballychan] 19/10/2016 11:12

No one can control a share price, but if they continue to grow rev and profit, the Market will hopefully catch up. 15% of net profit to payout in dividends isn't exactly miserable Andy. What were you hoping for considering they need cash reserves while exploring new opportunities?David, how did you find the presentation?

[hatey] 19/10/2016 08:40

Be nice if that chart turns up from here though so bought some, 58p stop but plenty of nibbles so it might turn upwards from here

[andycapp1] 18/10/2016 16:04

Interestingly Azalea I was looking at the share price chart for OPG today and since 2007/8 the shares have gone from around 70p to 60p. In short a pitiful performance. Gupta is being paid a fortune to run this and to extract value for shareholders. In response he sets a miserable dividend policy, he flouts UK listing conventions by making himself exec Chairman and he refuses to buy back shares when they palpably offer a better return (IRR) than the solar assets. And yet you say he hasn't put a foot wrong! More like two size 11's in the sh1t if you ask me.

[source] 18/10/2016 13:58

3 from me please:-(1) Is cashflow now improving finally from the low reported numbers and the delay in payments from Tangenco?(2) Is there any truth to the wide reporting of an OPG deal with Lanco and recently Adhunik? These deals could potentially dilute shareholders and significantly increase OPG's already very high debt/gearing. (3) Why are the company's shareholder returns consistently negative over the past few years and what is tangibly being done to turn this consistent poor performance around. Regards,Source.

[ballychan] 18/10/2016 13:05

Very kind of you David, thanks.* what are their latest thoughts on main listing? Are they still looking into it as per 24.05.16 RNS?* Is interim divi on track to be paid in 2016 and final divi before FY end (March '17)* will they benefit from weak Sterling (hope they didn't forward lock rates in) how much will it add to the bottom line?

[andycapp1] 18/10/2016 12:55

Yes! When are they going to start buying back their equity??!

[davidosh] 18/10/2016 11:26

Any questions for the company later from those not attending the presentation ?

[andycapp1] 18/10/2016 10:47

They are not going to over to the main market. The ownership structure and the flagrant flouting of the CEO/Exec Chairman convention prevents them. You see another example of saying something, raising expectations and then not delivering. Although it was a stupid idea in the first place frankly.

[azalea] 18/10/2016 10:25

Given that it is not exactly price sensitive, the presentation could give the date of the maiden dividend being paid this calendar year; also. what progress there has been on the previously mentioned thinking on the move from Aim to Main. Whilst such info lies more in the domain of the CFO, Mr Swami(very nice chap, met him in 2014), any director could deliver same. What could be interesting(if they can be identified) is to see if any of the major holders are there and hear what questions they might be asking and any answers they get?

I myself am waiting patiently for the Interims, which will give us the numbers relating to the largest Q2 revenues in the company's history.

[source] 17/10/2016 19:43

Who is attending from OPG? If it's Ajay P I'll probably pass as he just did a recent video on proactive. Regards,Source.

[sharesoc] 17/10/2016 15:02

OPG Power present at our London seminar tomorrow, places still available:

[andycapp1] 14/10/2016 14:02

The results are much sooner. You talk unutterable bilge Azalea. Yes the plants are built, but the management are simply not good at articulating the story which is a big issue. I know institutions who own the shares or have seen them. They do not come across well. At all! So that's a problem. If they were on 2x and yielding 12% then they that is all very well. But they are not and management communicating the story is important. They can't! Problem!

[azalea] 14/10/2016 11:52

The date is provided by Morningstar Premium Service, its a repeat of last year. The delays in commissioning have been largely if not wholly due to the failings of other parties involved. Whatever the problems, they are all in the past, and the prospects for the company are now very bright -large increases in revenues, Eps and a maiden dividend.
There have been several spurious reports in the Indian press in the past and by UK financial sources who should know better,regarding OPG supposed plans.

[andycapp1] 14/10/2016 11:44

I'd also add Azalea, what have revenues got to do with the NPV of the equity? Answer not a lot! I'm more interested in Gupta's (until now feeble) attempts to articulate the story to his investors and to new investors. He has an uphill battle; legacy corporate governance issues with the likes of Essar and Greenko, his own poor governance, witness the farcical response to the share buy back questions posed and the CEO/Exec Chairman role where he has completely ignored UK conventions; also the poor articulation of a dividend policy. This share is cheap, that assuming PPAs hold up and coal prices stay broadly accommodating and the currency translation is helping. But their corporate communication is poor and they seem to appoint Directors because they have delivered the Olympics not because they have insights into how to promote an AIM company.

[oldboffy1] 14/10/2016 11:16

The press report highlighted by gm8218 is probably just one of the many conversations that OPG have been having with bankers. They have told me that many conversations take place but that until there is anything concrete they will not inform the market.

The 2 reports (this plus Lanco) have a similar feel. Distressed assets being offered at a significant discount. lenders taking a haircut on debt in return for equity in partnership with an operator who they believe will create profits. The Indian power market is being restructured and OPG are part of the conversation.

I believe that Azalea has a point in that although the Company has not commissioned its plants in the timescale originally envisaged at the time of the IPO, Arvind Gupta is a cautious man and I believe is unlikely to risk his considerable stake unless the terms of any future deals are advantageous.

I am not sure where Azalea has got the date of 1/12 for the interims?

[andycapp1] 14/10/2016 10:24

Azalea you do talk utter tripe. If he hadn't put a foot wrong the shares wouldn't have performed so poorly. It is patently obvious that he hasn't performed, at least in regard to his equity trading at a huge discount to intrinsic value.

[azalea] 14/10/2016 09:31

Not to worry, the CEO has not put a foot wrong in building the company's generating capacity 10 fold to 750MW in less than 5 years. With his holding of 177.5m shares, he is not going to do anything to jeopardize his investment or the company, which is set to report in its Interims on the 1/12, the largest Q2 revenues ever.

[source] 13/10/2016 19:46

What the heck is OPG playing at!? First the Lanco deal (still to be confirmed) and now another buy...seems very odd to me. Regards,Source.

[gm8218] 13/10/2016 19:09

Latest possible OPG outbid

[azalea] 13/10/2016 13:49

An insignificant 0.25p tick up in the bid price. but perhaps significant in the fact that it appears to be finally responding to the net volume of shares being bought.

[source] 13/10/2016 13:19

Isn't it meant to have its AGM soon?Regards,Source.

[azalea] 13/10/2016 11:30

TOG
OPG is not going to release any information deemed to be price sensitive unless via a Rns.

[the original goldbug] 13/10/2016 10:18

It smells like there is going to be a placing for sure.

A difficult one to juggle, what with falling sterling, and maintaining an accretive deal etc

I still maintain Gupta will only do anything if it is very compelling.

[source] 13/10/2016 06:59

Afraid not me Jeffian. Hope they make it available to all shareholders though. Regards,Source.

[jeffian] 12/10/2016 17:24

Any members of Sharesoc here? I note that OPG are presenting to a Seminar on 18 October. Maybe an opportunity to query them about it.