Share Name Share Symbol Market Type Share ISIN Share Description
OPG Power Ventures LSE:OPG London Ordinary Share IM00B2R3RX72 ORD 0.0147P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 11.15p 11.00p 11.30p 11.15p 11.15p 11.15p 15,299 08:00:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 140.1 -1.1 -24.7 - 39.19

OPG Share Discussion Threads

Showing 6251 to 6273 of 6275 messages
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DateSubjectAuthorDiscuss
15/11/2018
22:16
Think that is right. If he just harvests cash from chennai and doesn’t indulge in idiotic acquisitions then the share could treble or more.
andycapp1
15/11/2018
19:57
Given all the comments about the ineptitude of Arvind Gupta (and I agree, with hindsight, that much of the OPG expansion was ill advised) could this be the big contrarian investment of the next 12 months? It could be quite rewarding.
oldboffy1
15/11/2018
16:41
Well that was the easy part! Let's hope that the cash flow prediction for H1 2019 proves as accurate next month. It it's anything like what I believe it could be, would leave us on an annualised p/e of just over 1. Honestly very excited for the future here now. Revenues already flooding in and all they need to do is plug the leaks. We'll see what they can manage soon enough!
ppvn
15/11/2018
16:15
You are on the ball PPVN: "OPG announces that the scrip dividend reference price for the ordinary shares to be issued to shareholders will be 11.275 pence per share. The dividend payment date and the date of admission and dealing of the new ordinary shares to be issued pursuant to the scrip dividend is expected to be 3 December 2018."
turbocharge
14/11/2018
17:00
With all the excitement I nearly forgot to check the scrip reference price. It's going to be 11.275p (or should be!) so if anyone wants to calculate their div receivable it'll be: Number of shares held * 0.01 Divide that number by 0.11275 That's how many shares you should get in Dec.
ppvn
14/11/2018
16:16
Hi Andy, Chennai made £40m in pre tax in 2018 - they just peed it all up the wall was the problem!
ppvn
14/11/2018
16:15
Happy to. I’ve already written to board and they pay lip service. He just carries on in his own useless way. But happy to write.
andycapp1
14/11/2018
16:13
Right, I'm setting 1st Dec 2018 as D-day to contact Gupta to let him know what we want from him. Perhaps all (or as many as who look at this board) investors could agree on a draft email which will then fire off to Gupta on D-day. In the meanwhile we need to work out what should be in the email... (Just a thought)
turbocharge
14/11/2018
15:51
At current coal the Chennai plant is very profitable. I think it could make £25m of pre tax in the fullness of time. But investors simply don’t trust Gupta. He has been a disastrous CEO.
andycapp1
14/11/2018
15:09
ppvn, if Gupta put his hands in his pocket and purchased 100k worth of shares, I might take this serious again, and top up myself. i'm sure he could afford it with £1.4 million bonus pay off. a few years back.
igoe104
14/11/2018
15:05
Does anyone know, what coal price do we really need to see for opg to be properly back in the money ? its 102 at the moment, so 75 - 80 ?
igoe104
14/11/2018
14:53
Switch off until the Dec financials. Last day of vwap for the scrip today so new shares will be issued around the 11.26p mark (Will know at close). Looked to me like some entitlements were sold the first couple of days when the shares went ex but the share price held up ok. Should finish the year positively. I'm very much hoping for mid 20s by year end, perhaps a little more. May need to wait until the next results though since coal has only really meaningfully dropped since August. Opg seem to use about 50:50 Indonesian to Indian coal mix though so we will see. Should be relatively obvious in Dec what the impact has been. If they can get back to 40% margins don't see why this shouldn't become either couple of hundred million mkt cap, or dividend cash cow. Assuming they don't decide to waste all their profits again, that is.
ppvn
14/11/2018
14:43
Yes this is a disaster of a investment, every time the share price looks like its moving forward, it starts creeping backwards to lower lows. same pattern for the last few years. I wonder what M & G Investment Management Ltd are thinking they own over 13% of the company, i'm sure gupta isn't top of their Christmas card list ? on the whole Indian investments have made shocking investments.
igoe104
02/11/2018
14:00
I think it's going to take the next finances to convince people that opg have turned the corner. Not terribly surprising that people are still keen to get out; there really hasn't been that much great news here for quite a while. I've followed the company only because it was one of the first shares I bought (22.04.2009 @ 31.9p), but haven't touched it since I sold way back. I've gone on and on about it, but since Gujarat, the boats, the other misc writedowns have been done, it really should be a simple case. We know how much power they sell in Chennai. We know the price it's sold at. We can guess pretty well at the coal costs, admin, tax etc etc. At this price to me at least it's a compelling case. But they do need to prove it!
ppvn
02/11/2018
13:50
11.675p now PPVN Somebody must have sold quite a few as quite a difference
dave4545
02/11/2018
13:48
Frankly rather hope it stays low until at least next thursday. More freebies for shareholders here, if it does! Edit: sorry, Thursday +5!
ppvn
02/11/2018
13:37
mm's want 11.95p now so could have some upward movement on any support
dave4545
02/11/2018
13:28
Sorry, thought that sounded a bit ramptastic so I'll make my predictions for the next income statement that should be coming in Dec. Since Gujarat has been cut loose, this is my best guess. Revenue: c. £75m for H1 2019. Based on same output from Chennai at the 5% increased rate of 5.47 INR / unit they negotiated for 2019. Cost of revenue: £45m for H1 - based on a 10% reduction in coal cost as it's fallen 25% from the highs now so figure 10% drop realistic. Gross profit therefore about £30m for H1. Distribution, finance costs, admin and depreciation I've slated about £12m for H1. Therefore I figure net profit for H1 should be about £18m. Think my numbers are relatively conservative and scope to improve perhaps. That's my investment rationale anyway. Based on current FX between INR and GBP, so figures are give or take. Only Chennai ops guessed at and doesn't include solar at all (as not sure there will be huge difference from that).
ppvn
02/11/2018
12:58
Unloved it may be, but I still think it'll double by Xmas...
ppvn
02/11/2018
12:10
I do miss Flowerpothead. Hey you still out there man?
andycapp1
02/11/2018
12:05
Yes there was an interesting piece from Macquarie today regarding Chinese winter coal restocking coming to an end. This typically sees thermal coal falling by $5-7. That said this thing is so utterly unloved that it could probably fall to zero and the share price wouldn't move. I fear without replacing Gupta there simply is no possibility of a decent valuation as the market will always wonder what banana skin is next?
andycapp1
01/11/2018
11:38
Good to see the strong downward trend in coal price being sustained
turbocharge
30/10/2018
12:39
Half year result to 30th September generally are reported in December by OPG
stur7672
Chat Pages: 251  250  249  248  247  246  245  244  243  242  241  240  Older
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