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
  -0.25p -0.59% 42.25p 42.00p 42.50p 42.50p 42.25p 42.50p 277,083 12:46:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 128.4 28.6 5.3 8.0 148.51

OPG Share Discussion Threads

Showing 5001 to 5023 of 5025 messages
Chat Pages: 201  200  199  198  197  196  195  194  193  192  191  190  Older
DateSubjectAuthorDiscuss
23/8/2017
16:17
It may well be that the simple act of considering a share buy back is enough to get a rerating. After all there is limited liquidity so buying back a small number of shares might be enough. The earnings will grow as debt is paid down but more equity value is created by buying back shares on a 20% IRR rather than invest in solar at 10%. Solar generates very little earnings - decent cash yes but little eps. You say it doesn't help NBV but it does as you are, after all, reinvesting excess cash in a better investment so NBV per share will be accelerated.
andycapp1
23/8/2017
15:57
I will wait and see what the results look like before buying anymore - due next week. Issues? - would like to see what the annualised interest charge is, as it is a cost of doing business and should be included in the free cash flow calculation - not financing. On this basis, it generated £12.5m of free cash flow at the interims. Fully yr £25m? - current EV £417m, of which debt makes up £282m. Debt is debt whether its project or otherwise. It needs to get this under control, as shareholders are questioning its ability to repay it and are voting by pushing the stock lower. Investors can see India will be in power surplus soon, although this generalises OPG's business model. - stop investing in solar as the ROCE is too low and is most probably lower than its interest charge. Anyway some things to think about. Just did a dummy trade and can pick 25/- up a 42p so weak
smithless
23/8/2017
15:25
A buy back may help see a lift in the share price, but it is detrimental to the long term compounding of book value as there would be no cash flows to reinvest. A buy back would make sense for a company with limited growth opportunities and access to cheap debt, neither of which apply to OPG. On the surface these solar projects look less profitable, but the jury is out as the whole sector will likely benefit from cheaper panels once construction is rolled out over the next 24 months. Have they really undelivered or were consensus numbers skewed by the naïveté of one or two analysts? The uptick in coal has been a major negative as well. The fact of the matter is that it will probably only take a 2% share purchase to see a rerating to 60p, so the buy back avenue would be a remedial measure at best. So you might say in your hope of a higher share price that they should go for it. Would you then be encouraging them to sell from treasury, the 2% or more, when 'fair' value is reached!? Surely you agree it is an absurd proposition to tinker with their equity for the sake of marginal benefits from capital allocation.
the original goldbug
23/8/2017
13:11
I'd also add, goldbug, that reducing the shares in issue by allocating capital correctly will enhance the compounding effect you are talking about and so you appear to actually support a buy back!!
andycapp1
23/8/2017
13:08
Goldbug you are talking drivel. I say again the management team has spent a huge amount of time trying to persuade investors into OPG's equity with very limited success. That has been compounded by (agree) being tarnished by others but also by general under delivery v expectations. Aside of all of this however, why allocate money to over developed solar on an unlevered IRR of say 10% when they can buy back equity on a prospective 20%. Solar panels are a red herring, the auction out turn is competitive and OPG doesn't have cheaper panels than others. It's not appeasing anyone. It's sound allocation of capital. Nothing more, nothing less.
andycapp1
23/8/2017
11:53
Why do supposedly sophisticated investors need to spend so much negative energy patronising less sophisticated investors? Buying back their shares is an absurd proposition for a company which has the long term ability to compound equity at 15%. This company need to grow its book value not shrink it to appease a grumpy investor who is feeling sore about the price he paid for his equity. OPG have been unfairly lumped together with all the unfavourable Indian dross on the AIM market. OPG have been severely compromised buy the bull market in coal. Every dollar up or down in coal is about $1.3 of EBITDA. OPG have been held hostage to some extent by the feed in tariffs in Gujarat. I understand this is changing and a couple of big operators with long term contracts are about to go bust up there. Solar returns could be better than expected due to anticipated fall of solar panel prices. The only legitimate gripe is the inefficiency on financial reporting. On that note they have made a new hire and I expect things to improve.
the original goldbug
17/8/2017
16:43
Oooh yes. Fascinating, truly. Do you suppose a few sellers and buyers perchance?
andycapp1
17/8/2017
16:19
Volume, 3.7 x 90day vol.
azalea
08/8/2017
12:09
Yes that was one of mine Flowerhead. So what? I don't understand your idiotic ramblings, really I don't.
andycapp1
08/8/2017
08:35
A 69k+ buy @ 43p yesterday, three weeks ahead of Prelims Final results.
azalea
04/8/2017
14:31
Spent some more money on OPG the last three days. If the make around 7.5p for March 2018 then they are on earnings yield of 18%. Okay gearing is high but it's project finance. So despite the Board's utter inability to sell the story it is cheap!
andycapp1
31/7/2017
16:09
Hey Flowerpothead, can you say something negative about the shares on the basis that whenever you say something positive they go down!!
andycapp1
28/7/2017
09:19
How can reduced off-take = no reduction in output? They going to store the stuff! Anyhow, it's a red herring to the overall valuation. It's cheap!
andycapp1
27/7/2017
13:29
jeffian There might be a reduced off take for the next few days, but making no difference to output. Plants operating at normal levels, unaffected by floods.
azalea
27/7/2017
11:01
What about their customers?
jeffian
27/7/2017
10:39
For the benefit of investors in OPG, who might have concerns over the floods in Gujarat state affecting the two 150MW power plants there; I have been assured by an irrefutably reliable source, that both plants are totally unaffected.
azalea
25/7/2017
10:33
Flowerpot, are the sales today as fascinating?
andycapp1
21/7/2017
09:12
Why was it interesting Flowerhead? It's £46k's worth of shares, so what! Enlighten us as to its "interest"?
andycapp1
20/7/2017
13:07
Worth looking at this video, of Opg. http://www.opgpower.com/about-us/video/
igoe104
20/7/2017
12:58
Can only be a matter of time before we see a big correction here, this current year OPG are on a p/e of 6, far too cheap. I feel this has been held back, because of the poor performance of other Indian stocks, especially MPL. Which have tarnished the good name of other Indian stocks, like OPG.
igoe104
20/7/2017
09:50
An interesting 100k buy @ 47p, 15.48hrs; yesterday.
azalea
18/7/2017
23:39
Oh yes, Flowerpotheadman. That's really interesting. Thanks for that insight. Really helps me adjust my equity NPV. Keep the pearls coming.
andycapp1
18/7/2017
12:14
With circa 6 weeks before the Prelims are announced, Its only a matter of time before buyers move in to lift the share price above 50p. Post Prelims, analysts and financial pundits will lift it further. Hold tight.
azalea
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