Opg Power Ventures Share Discussion Threads

[azalea] 06/3/2018 08:20

As long as coal prices continue to track lower, then it will eventually have a positive effect on the share price

[jozo] 05/3/2018 19:28

Coal price continuing to track lower.However, some nervous investors here - lack of a trading update is clearly spooking the market creating uncertainty and doubt.Opg should address this - what little confidence remains is being seriously eroded.It is clearly a conscious decision to not put out a trading statement as they have done the last 5 years. I don't think they are obliged to put out a Q3 trading update, but lack of one is seriously bad for confidence given some of the issues facing the company.It is easy to fear the worst.Jozo

[stur7672] 01/3/2018 12:12

Some positive news in this article https://m.economictimes.com/news/economy/indicators/core-sector-grows-at-6-7-per-cent-in-january-cement-refinery-output-zoom

[jozo] 01/3/2018 08:53

For what it's worth my gut feeling is that they are holding back for some positive news possibly on a number of fronts (without it things could look very grim especially with the longer than expected sustaining of high coal prices)I am hoping that they are waiting to be able to update positively on one or even better all of the following1. Historical and future group captive status2. Resolution of issues regarding Repayment of loan3. Solar project up and running and starting to impact on revenue stream4. Positive Hedging strategies (not holding breath on this one)We shall see.Also new finance director may have a different approach to news flow.Whatever the reasons the lack of communication is as always pitiful and I hope there communications team, analysts, and larger investors are on their case.Jozo

[stur7672] 01/3/2018 08:33

Jozo,Perhaps the update is stuck in the snow! Hopefully have some news soon

[jozo] 01/3/2018 08:07

Just wondering if anybody hassled the company to explain lack of trading update?

[andycapp1] 28/2/2018 16:10

Who the bloody hell knows with this lot!!

[stur7672] 28/2/2018 15:27

Turning blue holding my breath for an update - starting to get a bit concerned now as late February update been consistent feature in the past. Anyone see a fundraiser coming?

[chalky] 28/2/2018 11:53

its in the price so its not going to be too good but i would like to hear if the solar project is up and running adding to income hopefully

[turbocharge] 28/2/2018 11:39

Maybe the news is so good that they're hesitating to publish it for fear of the share price exploding to above £1....

[jozo] 28/2/2018 08:10

They have occasionally popped these trading statements out later in the dayThough I am concerned that they don't have an awful lot of good news to report so maybe even trying to avoid a trading update. Jozo

[stur7672] 27/2/2018 20:27

Jozo,Great links - thanks. Hopefully get an update from the company tomorrow.

[jozo] 27/2/2018 08:09

This also on Chinese consumption also adds to positive backdrop



jozo

[jozo] 27/2/2018 07:56

STur,

I think you're possibly correct over reason for significant drop in coal prices yesterday though I doubt whether will supply can increase dramatically in short term.

Found a couple of news related stories out yesterday which give 'food for thought' with implications for opg





jozo

[stur7672] 26/2/2018 21:00

I am confident that there will be a Quarter 3 update in the next couple of days. Quarter 3 updates have been issued previously on the dates detailed below:28.02.1726.02.1627.02.1517.02.1428.02.13Regarding future coal prices could be to do with ramp up of production in India??

[jozo] 26/2/2018 17:38

Certainly no Rns this year to indicate a trading update (hope it's not because they're trying to avoid passing on bad news)On a positive note - coal had been rising again slowly over last 10 days but some significant falls today especially for March spot prices (3% fall) and April futures (4% fall) (forward prices not yet updated from Friday but expect to so similar falls)Anyone aware of any data out today (possibly China related) that may be the spark?Jozo

[andycapp1] 26/2/2018 13:21

They haven’t said when they are which is poor. But then why should I be surprised!

[stur7672] 26/2/2018 13:04

I'm sure Q3 update will be out Wednesday at the latest (28th February last year I think)

[andycapp1] 26/2/2018 08:12

I’d have expected an RNS with the results date by now?

[turbocharge] 22/2/2018 14:21

Some things take longer to cook and command a higher price when they are ready.

(But then you might say if they cook for so long that they get burnt, then they may not be worth much, if at all.)

"Maintain overarching gloom and pessimism at all costs."
Too much hard work and stress to be in this permanent state of gloom; easier to have no expectation, forget, and perhaps have an unexpected and pleasant surprise at some point in the future....

[jozo] 22/2/2018 11:48

Lol I like your perspective!!

[andycapp1] 22/2/2018 11:44

If you adjust your expectations to minus 11 on the amp, then there may be room for surprise. Do not, under any set of circumstances, be even remotely optimistic going in to the results. Maintain overarching gloom and pessimism at all costs.

[jozo] 22/2/2018 09:24

Andycapp,Hopefully trading update at end of month like last year.I'm hoping they've managed to hedge out some of these crazy high coal prices of last few months.Also some positive news on group captive status and hopefully some positive re-negotiation of some of loans on more appropriate terms.We shall see - track record has taught me to not have huge expectations, but would be very happy to be proved wrong Jozo

[andycapp1] 21/2/2018 20:01

Not me Guv, I’ve too many anyway!! Aren’t the results out soon? Last year it was around the 28th of Feb.