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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Opg Power Ventures Plc | OPG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.125 | 1.19% | 10.625 | 08:00:11 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.625 | 10.575 | 10.70 | 10.625 | 10.50 |
| Industry Sector |
|---|
| ELECTRICITY |
| Top Posts |
|---|
Posted at 13/3/2024 09:49 by tim000 I guess OPG still sources most of its coal from Indonesia. Publicly available data suggest the relevant grade of Indonesian coal has been trading at around $58 per tonne for a while, although general commentary is that Indonesian coal is plentiful and its prices have been falling. |
Posted at 22/2/2024 09:02 by rivaldo I bought some more at just under 11p.Thanks for the heads up re the encouraging 9 months' results issued in India. I can see that OPG issued a 9 month update on the LSE on 23/2/22, 29/1/21 and on 11/2/20, but not last year - any idea why not, and is one expected for this year? |
Posted at 21/2/2024 08:47 by dave4545 It's in the link ?All OPG announcements scroll down below |
Posted at 19/2/2024 12:02 by dave4545 Wish I could ask the 100k and 90k sellers today if they are aware of the results being out in India or is it traders in below 10.8p last week moving on to another trade ?A few value stocks elsewhere rerating fast today but OPG is still stuck |
Posted at 15/2/2024 09:22 by dave4545 Just in case you do not use LSE and totally unaware but results are out again in India which once again is a nice bit of free inside info.9 months profits of £6.9 million so broker forecast is going to get smashed it would seem, be nice when they announce Not that much interest, I bought the 50k's but it's a day traders market and dull old OPG does not appeal no matter how much of a bargain it is |
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 11:18 by tim000 Unlike many, OPG investors had a good 2023. No reason why 2024 should be any different. India’s economy will comfortably outpace the global economy, and Indian power demand will outpace its GDP growth. High PLFs for OPG are just as important as low coal prices for driving profits. |
Posted at 22/11/2023 09:02 by dave4545 Obviously comparisons are just for fun especially in different sectors I noticed in today's top fallers a stock called PEBB, similar net cash and EBITDA but £150 mil market cap 3 times that of OPG which as always seems to be suffering from a poor rating although that might change when results are released, how many people are actually aware they have published them in India already, unless you read the OPG threads here and LSE they will have no idea and people still sell every day I wonder if they are aware too ?Anyway these are Pebb numbers Whilst we expect Facilisgroup to achieve revenue growth in the year, order intake at Brand Addition has been lower than anticipated and Group revenues for FY 23 are expected to be approximately GBP124m (FY 22: GBP134.0m). As the Group has continued to generate stronger gross margins in FY 23 compared to the prior year, the impact of the revenue reduction is expected to be partially mitigated, and deliver Group EBITDA of approximately GBP16m (FY 22: GBP18.0m), maintaining Group EBITDA margins close to FY 22. Our cash position remains robust, and the Group expects net cash as at 31 December 2023 to be no less than prior year net cash of GBP15.1m, after continued capital investment into Facilisgroup and the payment of a dividend of GBP1.0m in June 2023. |
Posted at 05/11/2023 05:24 by tim000 One other thought. I wonder whether the new contract with a new state utility required OPG to strengthen its balance sheet, to provide the utility customer with confidence that OPG could readily supply a higher PLF. That might explain why OPG is now so liquid. Given the tightness of the power sector, there must be a chance that supply to this new state utility will rocket in the coming months. |
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. |
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