Opg Power Ventures Share Discussion Threads

[andycapp1] 02/6/2018 01:07

Fair do's re Gupta ownership. But he is useless, the thing is now over geared and yes utterly beholden to coal prices. Captured plant status at Gururat would help cash flow. But it's a bit of a mess right now.

[john09] 01/6/2018 18:14

Where are u getting that §106 coal price from ? May was low 90s

[timbob2000] 01/6/2018 18:10

Surely the main reason for the poor performance of this stock is the coal price. Large debt is one thing, though this is not unusual for a power company. Coal has risen to $106 per ton recently which is back to recent highs. I can't see this stock getting any love until the coal price drops significantly, and/or OPG can secure increased customer tariffs to compensate for the high coal price. Of course reducing debt will always help and I would say clawing back all the cash Gujarat owes OPG would be also be most welcome.

[jeffian] 01/6/2018 16:25

Nowt wrong with family control per se. Some of my best performers have had family or individual shareholder control. Unlike share options granted to Directors on favourable terms, majority or substantial ownership genuinely "aligns the interests of management and shareholders". I doubt that Gupta is any happier with his shares at 16.5p than you or I and he has an incentive to do something about it.

The rest I agree with!

[andycapp1] 01/6/2018 15:33

Many, many reasons. Over promising, underdelivering. Domineering and poor CEO. Family owns 51% of equity. Overgeared. Indian! Coal! Erm there’s more.

[spadman] 01/6/2018 10:31

Why does the market hate this stock so much

[spadman] 01/6/2018 10:31

Why does the market hate this stock so much

[andycapp1] 31/5/2018 12:40

We haven’t heard from Gupta’s errant live child for a while. Hey Flowerpothead, you there?

[jailbird] 30/5/2018 11:30

Between 16-17p will be double bottom. If that fails all time low I believe

[andycapp1] 30/5/2018 11:26

Shame the "boss" hasn't gone and been replaced by someone who is actually shareholder friendly. Still one Gupta down, one to go!

[lizardman_] 30/5/2018 09:22

I did a double-take too, had to immediately check it. :P

[the original goldbug] 30/5/2018 08:31

Non exec Ravi Gupta not the boss Arvind!!!!

[jailbird] 30/5/2018 08:08

Gupta gone

[john09] 29/5/2018 18:42

hxxps://www.platts.com/latest-news/coal/singapore/indonesia-sets-may-hba-thermal-coal-price-at-27975426

Confirmation in here that April saw a 2% drop and a 5.6% drop in May.

In the previous 12 months the price went up ten times and only dropped in 2 solitary months so am hopeful June will show a third monthly drop on the bounce

[john09] 29/5/2018 18:36

Not sure that’s the correct coal index

I was using this

hxxps://www.indonesia-investments.com/news/todays-headlines/benchmark-coal-price-of-indonesia-near-six-year-high-in-march-2018/item8637?

April and May data is missing but I’ve seen it elsewhere. It dropped 5 and 6% the last 2 months. Just waiting to hear what June’s price will be in the coming days. From what I’ve been reading though it’s only dropped further

[opodio] 28/5/2018 19:09

COAL PRICE OFF

The price of FOB Kalimantan 4,200 kcal/kg GAR coal, a grade popular with buyers in India and China, surged to a high of $51.50/mt in February this year, before losing some gains to be assessed Friday at $43.50/mt, S&P Global Platts data showed.

[stur7672] 26/5/2018 09:38

We should have a year end trading statement some time next week. However don't hold your breath as the Q3 update was issued late compared to previous years!

[john09] 15/5/2018 22:56

Can be many reasons why they need out at 18p. I was happy to take half of them at 18.25.

There may be some more shakes to come but it’s there or thereabouts as they say

[dave4545] 15/5/2018 22:48

Missed the 500k at 18p, that's the second one in a week and why you got filled
at 18.25p John.

Makes you wonder why somebody is desperate to offload such big chunks so low ???

[john09] 15/5/2018 22:33

Fill your boots! But do it in next couple of weeks I’d suggest these will be 25p the morning they are tipped

[jailbird] 15/5/2018 22:31

good to know..and a decent buy size !!

[john09] 15/5/2018 22:23

Broker went direct to the market maker and yes unfortunately it was filled remarkably easily . I assume the MM has 18p shares. My broker however thought the MM wouldn’t go for 18p . The mid at the time was 18.375p so I did well.

[jailbird] 15/5/2018 22:21

John,

your 250k.....was that filled easily?

[john09] 15/5/2018 20:31

As soon as this is a front page write up / main recommendation in SCSW it will move vertically imho. They gave it a brief mention in January to say it only just missed out on being a NAP tip for 2018, then they gave it a brief update in May’s publication a couple of weeks ago in their update and ideas section which is generally a precursor to a main write up. Only question IMO is whether the write up will come in their June or their July edition and in thin summer trading it will romp even further that Monday morning! Could be 30% in a day no problem partilcat given the depressed price here. Draw a 3 year chart and it’s top left to bottom right dribbling down almost without pause from £1.05 to 18p

[john09] 15/5/2018 13:54

Spike after my buy.