Greenko Share Discussion Threads

[qs99] 21/10/2014 16:28

Anyone in ahead of update I think due this week?

[m.t.glass] 26/8/2014 13:32

These dozen links to India business media have been added to the header on the India Stocks & Funds thread:


INDIA BUSINESS MEDIA














Thread:

I've not yet found time to search them all for refereces to Greenko - maybe someone else can?

[azalea] 13/8/2014 14:18

11/8,TPG Growth India ltd reduced its holding of 3.93% to below 3%.

[m.t.glass] 04/8/2014 22:40

GKO not soleley reliant on wind - 36 hydro projects, plus half a dozen biomass and a couple of gas projects.

[azalea] 04/8/2014 17:27

There is a certainty in supplies of imported coal for OPG but less so for suitable winds for GKO. That said, IF the brokers consensus forecasts for earnings in 2015 & 2016, were reversed, I would buy a few GKO.

[m.t.glass] 04/8/2014 15:02

I have positions in both. OPG I tend to think of as dirty energy and GKO clean energy. Such is India's desparate need for electricity generation and distribution that I imagine the infrastructure-friendly government will stand in the way of neither.

[azalea] 04/8/2014 14:37

Which gives on an accurate measure of how cheap OPG(97p/99.8p)is when comparing the two. According to Morningstar data,judged by current brokers consensus forecast for both companies cash earnings by OPG(351M shares) will beat GKO(151m shares) in both this FY and next.

[m.t.glass] 04/8/2014 14:22

One hundred and
eigh--tee ;o)

More than 25% up from the May dip.

[m.t.glass] 31/7/2014 13:43

I've included GKO on a thread showing a dozen UK-listed stocks with exposure to India.

[dr_smith] 25/6/2014 13:48

EPS for GKO last year was around 3-4% and my own calcs give 3.8% at todays price, yet made 25% return over last 12 months, as share price reflects future growth and returns, which is why I bought in, as I normally only go for co's with >7% return p.a..
I am comfortable with ,- Indian based, as it can control costs and revenue.
OPG may well do as you say, but comparing to UK house market we see how an in demand product can have share price knocked down by a slight interest increase.
If coal supplies are to increase by a small percentage, then outcome could be quite bad for share price
I consider my investments to be low risk, so only go with what I am personally comfortable with, brokers/tips reccomendations don't influence me, as they are not accountable for their actions.
Each to their own. :-)

[azalea] 25/6/2014 13:08

DR-S
In assuming that respective brokers covering OPG & GKO have taken into account all relevant factors in creating their FY forecasts(Morningstar data) then as I intimated, OPG's Eps X Shares in issue, will generate a greater net sterling profit for 2015 & 2016, than GKO.

OPG has its plants located in two coastal regions Gujarat & Chennai. Option to use Indonesian coal provides price advantage - low premium, proximity to ports and minimal land logistics.

OPG plants are purprose designed to use either Indian coal, International/Indonesian coal, or a mixture of the two. OPG has no dollar debt debt. It has the certainty of delivering consistant power supplies, whereas most of GKO generating capacity is dependent on suitable winds.

OPG "Addressing the price unregulated sectors viz: group captive & short term and to realise highest power prices available at any given time".

GKO is on my watch list.

[dr_smith] 25/6/2014 10:14

You peaked my interest Azalea, but...
From


I note:
"The largest input cost is for the coal to fuel the power plants' furnaces. The company aims to use a mix of local Indian coal and imported Indonesian coal at a ratio of about 40/60. Shortages of Indian coal last year resulted in the ratio shifting to about 20/80, and with Indonesian coal costing about a third more, total coal costs were about 10pc higher. "

As a GKO holder, I thought OPG may supplement it, but I like GKO as it has recently been able to compete in supplying on even terms or better than traditional energy suppliers.

With technology, green suppliers(GKO)margin will improve and conversely traditional suppliers will face increased costs for fossil fuels, be it India produced or imported. I therefore feel they aren't on the same path and more exposed to market costs for fuel, unlike 'free' wind/water.

All IMO :-)

[azalea] 25/6/2014 07:44

Questor, clearly has a liking for Indian electricity generating companies, by following up his recent 'Buy' tip for OPG(I hold), with GKO(on my watch list). By the end of this year OPG will boost its capacity from 270MW to 750MW. The comparison between the combination of shares in issue and Eps of these two companies make interesting reading.

[brian91] 22/6/2014 20:59

good write up in the sunday papers

[martinc] 24/5/2014 22:52

In the long term, the pressure to reduce fossil fuel use and use more renewables can only increase.. and it's not a bad thing really if schemes are assessed properly.

[dr_smith] 20/5/2014 09:40

Thank-you for the link Cyfran.
Chart shows share price declining since Feb, but more so since 28th April, so you could well be right.
Personally, I will remain a long term holder.

[dr_smith] 18/5/2014 13:06

Short answer - *ed if I'd know.
Longer answer - still don't know but..
There seems to be a genera market sell off going on at the moment without any business reasons for the co's being sold.
GKO I believe is owned by a small number of investors/syndicates, so low buy/sell activity can distort price.
MM's seem to want to quick profits and aren't so interested in slow plodders, like GKO and property market.
As it's India based projects, that seems to put people (my mates) off, yet RDSB investing in Africa is OK 'cos its RDSB. Illogical to me.
The income and expenditure are both in India, so I don't see currency exchage rate being of key significance for co figures/progress.
Low number of RNS anouncemnts means they have a low profile.
1 year ago they were 127, so even this subdued market price today of 145 is a 14% increase over the year.
If GKO share price is compared to say Bovis BVS over 6 months, they follow the similar changes, with same end point, so I believe the dip in share price is market fluctuations and not company or sector specific.
I will be patient and continue to hold.
All IMO. :-)
Will wait like yourself for results for progress report.

[alan@bj] 18/5/2014 11:51

Thanks DR - I wondered if that might be the case but it wouldn't be the first time I'd missed the blindingly obvious. Why the steady fall then? Could be general market sentiment towards smaller companies, currency exchange issues (revenue in Rupees/financial results in £sterling) or the Indian elections? The year end was 31st March so I'd hope the results are out by end June, and that they provide reassurance good progress is being made.

[alan@bj] 18/5/2014 10:57

DR_SMITH - I seem to be missing something. I can't find the IMS dated 29th April 2014. Also the company's website states that Vasudeva Rao Kaipa is an Executive Director & Chief Financial Officer.

[dr_smith] 08/5/2014 17:05

post deleted 18/5/14 as entered on wrong thread

[alan@bj] 08/5/2014 16:29

The fall since February is a bit disconcerting although the April trading update was fine (revenues should be up 50%, biomass the only ?). Full year results were out 24th July last year.