Opg Power Ventures Share Discussion Threads

[jinvest1] 20/6/2018 12:00

/double post in error/

[jinvest1] 20/6/2018 11:59

Not an expert on this but from the latest trading update "Gujarat Distribution Companies of the State Electricity Utility ("DISCOMs") no longer levying cross-subsidies to our customers; £7m of dues already recovered by the Group; and, Strategic review of Gujarat plant underway following successful resolution of group captive status with DISCOMs; 5% equity interest in OPGS Gujarat ("OPGG") sold;". Does this mean the group captive status is resolved?

[andycapp1] 20/6/2018 10:40

It is a mess. Captive plant status is still up in the air for prior years, it doesn't cover its cost of debt and so OPG has opened up a process with the banks over its future. The banks don't want it and so they will all reach some sort of messy compromise where hopefully OPG will retain some economic interest. If that isn't a mess I don't know what is!

[john09] 20/6/2018 10:01

Gujarat is not a mess. The issue is the current input costs ie coal

[andycapp1] 20/6/2018 09:45

Dunno what eps will be but minus something. They don’t generate positive earnings with coal at this price and Gujarat in a mess.

[john09] 20/6/2018 08:14

Aware of the dividend already, so what’s the eps ?

[andycapp1] 20/6/2018 07:52

That’s wrong! Earnings will be negative and no divi. Anyhow it’s not really an earnings play it’s all about cash.

[john09] 20/6/2018 05:17

Could go either way short term this one. Current PE of 5.7 if digital look is to be believed we are expecting eps of 3.3p

[andycapp1] 18/6/2018 16:39

I know. They need to sort out Gujarat and resume dividends. But it is v cheap!

[john09] 18/6/2018 16:16

True, see KOOVS today these bombed out Indian stocks can move

[andycapp1] 18/6/2018 15:52

Not a very promising start!

[john09] 17/6/2018 12:02

Hoping for another good week ahead here

[jeffian] 15/6/2018 16:01

#4322,

Surely you mean OMG!

;-)

[dave4545] 15/6/2018 15:33

At least there is not selling as well.

[opodio] 14/6/2018 09:56

Last chance to buy at 19.5

[dave4545] 14/6/2018 09:19

500k delayed buy earlier, some really want this stock now

[azalea] 14/6/2018 09:14

25k dummy sale gets 19p

[john09] 14/6/2018 08:23

Yep looks good for third day running

[dave4545] 14/6/2018 08:11

Out of the traps this morning and buys approaching full offer and stock size available dropping. I'd be happy with 22-25p this time around

[azalea] 14/6/2018 05:46

Morningstar records the two rns relating to the two funds purchases, but has not updated the listing of major shareholders. Does anyone have an update of holders and their holdings?

I think there is more to these two purchases than meets the eye. Who are the discretionary clients? As ali47fish asks( post 4311)why are these purchases being made now?