Opg Power Ventures Share Discussion Threads

[azalea] 15/11/2016 13:37

rivaldo
Momentum is building in both the number of buyers and net purchase volumes; however, still a long way for the share price to travel in its upward journey before reaching its true value. To that end, the Interims early next month will go some way to achieving that goal

[ballychan] 15/11/2016 13:08

Hi Rivaldo, looking on share.com, it's showing upwardly revised figures to;This year: 8.75 EPS, 1.31p diviNext year: 10.06 EPS, 1.51p diviThese have been increased in the last week.

[azalea] 15/11/2016 11:23

Eddie, if you stop looking in the mirror you will stop talking to the fool, who makes libelous accusations about brokers without out providing evidence to support same. Perhaps you can point to one broker who touted an share price of 130p five years ago. Get a life.

[source] 15/11/2016 08:58

Thanks Eddie - yes recall that being a general statement/sentiment by them previously. Personally, I'm quite happy to see them ramp up existing capacity to its fullest and generate big cash flows to pay down its debt at this point. Given the wider distinction of the Indian power market that definitely seems the highest pay-off option for the company and finally shareholders too to me. I think much stronger cash generation should in time easily allow it to bolt on or grow organic growth while reducing debt from 2 to 3 years from now IMO. This approach would also go some way to improving its poor perception in the stock markets too I think. Regards,Source.

[source] 14/11/2016 16:56

Hi Eddie - where are you seeing OPG say what you've picked up above? I.E. "'we won't do anything that's not internally funded; low risk etc etc' "Regards,Source.

[azalea] 14/11/2016 16:38

With Q2 revenues very likely to top Q1,FY2017 revenues should exceed £200m. The current share price sits at a mere 63/64p against the 86p price of a year ago, at which time the second Gujarat 150MW plant had yet to start production. In July 2015 the share price was over 105p,. despite the fact that the capacity then was way below its current level. All in all, the share price has to be seen as cheap as chips, especially as a year ago, several brokers were forecasting an share price of 130p.

[eddie1980] 14/11/2016 15:53

Its funny how when people write these reports they only focus on certain bits.

Ramp up of loading of new sites..... but not to levels anywhere near forecast at the outset..

2018 earnings + 16% due to solar - they are claiming 16% of 2017 earnings will be solar.... that is rubbish.

continue with long term growth strategy of business....erm, they have stopped growth with their whole current strategy - large thermal energy plants, because in most places it is saturated.

More generally, this 'we won't do anything that's not internally funded; low risk etc etc' which has meant they have actually done nothing strategically in nearly 2 years - they should look at MYT. To be fair, their share price is equally despondent (something about small Indian companies not being trusted methinks), but their level of information, growth plans, funding updates, ability to continually refinance and the sources of that funding, is something which OPG should aspire to.

[piedro] 14/11/2016 15:09

larva,
It is usual to put a link to any quotes.

The title + the link is sufficient to avoid most copyright problems

... or if the above is your masterpiece then ... IMO, AIMHO ....

TIA.

[larva] 14/11/2016 14:27

Cantor 130p target price

[larva] 14/11/2016 14:04

ticking up again

[larva] 14/11/2016 13:56

OPG Power Ventures Plc

Next Phase; Growth and Income

OPG Power Ventures (OPG) reported full year results with adjusted EPS

in line with our forecasts. With capacity effectively trebled 2016 marked

the completion of the build out phase of the Group’s 750MW of thermal

power projects with a full ramp up at Gujarat to come this year.

Management has reiterated its intention to commence dividend

payments this calendar year whilst pressing on with its expansion into

renewable energy production. With operating cash flow forecast to

ramp up to £75m+ this year and the quick build out schedules of the

new solar projects we believe OPG is in a strong position to deliver

attractive levels of earnings growth and income. BUY.

 Landmark year. The completion of the 750MW programme is the culmination of an

8-year journey where thermal capacity has been increased by 414MW at the OPG

site in Chennai and 300MW at Gujarat. Management is striking a balanced tone

looking to maximise cash flow from existing assets whilst remaining opportunistic

with regards to acquisitions and further renewable energy projects.

 Underlying earnings in line. The Group’s results were broadly in line with forecasts

with EBITDA £50.7m (vs our forecast £50.4m), up 52%. There is a deferred tax

charge relating to the difference between Indian GAAP and IFRS treatment of

depreciation; however, when using the current year tax charge adjusted EPS was

slightly ahead at 7.1p (vs our forecast 7.0p), up 29%.

 Outlook highly positive. The Group continues to ramp its facility in Gujarat with an

average Group PLF 72% in Q1/17; this resulted in revenue of £57m puts the Group

well on track to exceed £200m on an annualised basis. Longer term contracts –

even before the 25 year solar power purchase agreement comes in - provide

increasing levels of revenue and earnings visibility, supporting the commitment to

pay out 15% of net earnings by way of dividends whilst retaining the long term

growth strategy of the business.

 Attractive valuation. OPG is now a substantial business with attractive margins and

growing cash flow. Our forecast 12% earnings growth is underpinned by the ramp

up of Gujarat, with additional 16% in 2018E from new solar projects; a dividend

yield of 2.1% and a multitude of further organic and acquisitive growth

opportunities, we believe the stock to be highly attractive. BUY.

[larva] 14/11/2016 13:55

starting to climb

[azalea] 14/11/2016 09:25

If only to judge by last year's AGM announcement, this year will like stick to the reporting of passing proposed resolutions etc. That said, the proposals carried this year could well have much greater impact. Having looked on the website I do not see a confirmation date for the Interims, which will carry news of the date in December for the payment and size of the long awaited maiden div. Today's early morning tick up in the sp, is not before time and should move higher during the remainder of this year.

[andycapp1] 10/11/2016 12:42

Well I'd hoped they would be "cut and dried" by now Flowerhead, the burning question is what do the numbers look like? Another miserable period of cash generation and poor availability leading to downgrades will see them off a fair bit I'd imagine given the low confidence the market evidently has in them. On the other hand if they do report good numbers I'd guess they would recover some of their mojo. But this is a very depressing share in truth. Low mkt confidence, poor management articulation, repeated missed numbers and poor cash - all equals woeful underperformance notwithstanding they have dramatically increased operating MWs.

[azalea] 09/11/2016 09:18

A few silly billies selling on Trump's victory. As in his own case, the numbers for OPG H1 are also cut and dried, with 17 market days ahead of the results on 1/12.

[ballychan] 09/11/2016 08:04

There will be a sea of red, just like Brexit morning.But with the drop in dollar making coal purchases cheaper and the current weak Sterling against the rupee, both currency movements are a plus for OPG.

[source] 09/11/2016 06:33

OPG should be strong given the likely Trump result today...let's see if it can catch a due break...(not so sure about the rest of us!)Regards,Source.

[jailbird] 08/11/2016 21:17

Sorry Igoe That was last post on it

[azalea] 08/11/2016 08:14

igoe104
Jailbird's introduction of SPL on this thread,is simply another failed attempt to attack me and run down OPG itself.

[igoe104] 07/11/2016 17:29

Jailbird / Azalea this is a opg thread not a SPL thread ?

Lets keep it like this.

[jailbird] 04/11/2016 11:46

my last world this proving you a compulsive liar

Yes I know you have stated in August you sold in February but no-one beleives you, and you also said this in June. It is in black and white!!

azalea - 17 Jun 2016 - 11:35:52 - 7850 of 8756 SKIL PORTS @ LOGISTICS. much needed (New indian port) - SPL
I am in notable profit from my buys and sells in SPL. But in time will add to my small stake.

[azalea] 04/11/2016 09:28

jailbird
I am so pleased to have popped in on this rare occasion to read what a saddo such as yourself has posted, especially to find that not only are you lying through your teeth(all bitter and twisted as usual), but also how hugely politically ignorant you are with regards to what PM Modi has achieved for India since he came to power.

If you were up to speed on SPL, you would know that probably the most influential poster on the thread was Mount Teide, who claimed knowledge and experience of running ports all over the world, over a period spanning 30 years. He has now (very recently) admitted that he got all his thinking and promotion of prospects for Spl WRONG; to the point that he sold whatever stake he had in the company. Instead of you cherry picking posts on the SPL thread, you would not have missed my much earlier post, in which I said,(much to the disbelief of other holders), that I had sold all my shares in two lots on the 4 & 11 Feb 2016. I will let you, an expert on such matters, work out what price I sold at. Keep taking the pills.