Opg Power Ventures Share Discussion Threads

[lizardman_] 24/9/2018 12:48

Yeah, it was always going to be a naff year. I feel like they've kitchen sink'd it though. Hopefully it does pave the way ahead for some actual earnings again.

I'm curious though - even though they've de-consolidated Guj, aren't they still on the hook financially - if only for the running costs? Or is it simply a case that if they don't pay the loans, then the plant is self sustaining?

To be honest, I think I'm more disappointed by the poor solar showing- not much can be done about coal prices, after all.

I think I've got one more year in me to see what happens

[john09] 24/9/2018 11:50

That’s me out. Sorry for driving the price down

[dave4545] 24/9/2018 10:22

Well at least others agree there is value to be had at this level.

Need to clear the overhang now

[dave4545] 24/9/2018 09:43

10.25-10.42p

Still easy to buy, dipped my toe in around 10.15p level for a starting point.

[dave4545] 24/9/2018 08:48

Must be a big sell order at best here, can buy size at 11p now, mm slashing price and allowing you to buy online usually means a big order to be filled

[andycapp1] 24/9/2018 08:42

Goldy I agree. Both re Chennai cashflows and take private. But they own 51% of the equity. Why would they. Investors just want out. I do. Yes I agree external factors have played a part but Gupta is a terrible CEO and has completely lost the market.

[andycapp1] 24/9/2018 08:40

Gupta has no integrity. If he did he wouldn’t be taking his ridiculous salary and would share our pain.

[dave4545] 24/9/2018 08:36

Still dropping online, 11.59p it was now you can buy size at 11.5p bid price

[the original goldbug] 24/9/2018 08:35

Should be straightforward as he can borrow against Chennai cash flows.

It must dawn on them that they have no future as a listed company.

[andycapp1] 24/9/2018 08:32

Gupta and the clangupta own 51%. Yes take private is the only route if someone will lend the idiot the rupees!

[dave4545] 24/9/2018 08:29

Biggest shareholder holds a lot from memory ?

Got to be careful, got burned with KLN because of that

[the original goldbug] 24/9/2018 08:27

What could Gupta have doné differently?

Once the decision was made to invest in Gujarat, which was encouraged by the market, he had no choice but to continue on that path.

I don’t think this company has a future as a listed entity however. They won’t be able to raise money from the market again and they are too small to be able to grow.

Best it goes private for all concerned. If he any integrity that should happen at 35p as that’s what they are busy telling everyone’s what it’s worth ex Gujarat.

[dave4545] 24/9/2018 08:27

Must be generating serious amounts of cash if they can pay off the debt within 5 years Andy.

Like I said I'm watching for a entry point

[andycapp1] 24/9/2018 08:25

What dividend? Oh what issuing more shares!! I wonder if the fat mans salary will commensurately reduce to f all?

[hybrasil] 24/9/2018 08:17

Think so too. If they can keep paying that dividend

[dave4545] 24/9/2018 08:15

I held back at the open Andy and so far it's saved me.

Still think there is a trade here at some point

[andycapp1] 24/9/2018 08:08

What an utter mess. Oh well there goes our Gujarat “option”!

[dave4545] 24/9/2018 07:52

"We will utilise the strong cash generation of the Chennai operation to repay remaining debt over the Chennai plants within five years and no further cash will go to Gujarat. "

I smell a recovery play here

[andycapp1] 21/9/2018 20:52

Agree it’s hugely cheap but Gupta is so bloody useless and rude that no one will trust him.

[the original goldbug] 21/9/2018 19:53

All doom and gloom but as Gujarat is non recourse that means we are buying Chennai on 2x EBIT to EV.

The institutional support is non existent however.

[turbocharge] 21/9/2018 15:24

Maybe we should all switch off all appliances that use electricity to drive the price of coal down, that's our only hope!

[opodio] 21/9/2018 15:17

time stands still for no man

[smithless] 21/9/2018 15:12

Blimey, all-time low. See Gupta's, the visionary, promise of low coal prices never happened - surprise, surprise. Anyone who has builds a business model fixed or falling commodity prices, should be looking for a job at MacDonalds imho

Haven't really followed this one for a while, but any of you experts know 1) the approx net debt, 2) covenants 3) are the loans secured at a group level or are the loans ring-fenced to particular assets ie are shareholders being set up for a massive debt for equity swap or is the damage limited to a particular asset?