Opg Power Ventures Share Discussion Threads

[dave4545] 28/9/2018 14:12

Andi

I've added 150k in the last 2 days I think it;s cheap

[turbocharge] 28/9/2018 10:18

“This was a year of significant transition for OPG. We have decided to focus on the profitable Chennai SPV and have drawn a line under the Gujarat SPV which continued to experience liquidity stress due to the cascading impact of historic external issues, coupled with high seaborne coal prices. 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.”
geezer gupta

[turbocharge] 28/9/2018 10:17

Report FY 2018

Profit from continuing operations before impairments and tax was £6.2m compared with a profit of £31.7m in FY17

Full year scrip dividend of 1p per share (FY17: 0.98p per share)

Chennai plant generation up 2% to 2.8(1) billion units from 2.7 billion units in FY17

Revenue up 3% to £140m from £136m in FY17

EBITDA margin of 17% compared with 38% in FY17 due to higher coal costs in FY18

Gross debt of £93.5m(2); gearing lower at 40% from 57% in FY17

62 MW solar project commissioned in FY18

Following the deconsolidation of the Gujarat plant, loss from discontinued operations, incl. Non-Controlling Interest was £(96.7) million (FY17: £(13.4) million) and the total loss was £(100.9) million (FY17 profit: £23.1m)

[turbocharge] 28/9/2018 10:12

28 September 2018

Posting of FY2018 Annual report

OPG Power Ventures Plc ("OPG", the "Group" or the "Company"), (AIM: OPG), the developer and operator of power generation plants in India, announces that its Annual Report for the year ended 31 March 2018 will be posted to shareholders today and is now available to view on the Company's website at www.opgpower.com.

[andycapp1] 27/9/2018 23:41

Dave you seem to think you can apply some sort of MM trading view to this stock, where you clearly can't. It relies on fundamental NPV of cash flows. On that basis its around 35p assuming chennai is ok.

[andycapp1] 27/9/2018 14:29

Still worth north of 35p no matter how much I whinge.

[andycapp1] 27/9/2018 14:29

Ha yes true!

[turbocharge] 27/9/2018 12:22

If he had the sense to sack himself, then he would have to be classified as being competent!

Seems you can't win with this Gupta geezer...

[andycapp1] 27/9/2018 12:06

Although if he had any self awareness he’d sack himself for his own incompetence!

[andycapp1] 27/9/2018 11:55

Probably!!

[jeffian] 27/9/2018 11:51

"Why the ever useless Gupta is still allowed to run this by the NEDs is beyond me."

Probably because he owns most of it!

[turbocharge] 27/9/2018 11:51

The glimmer of hope is still alive! It's going to be a long-term game, this.

[dave4545] 27/9/2018 11:41

Take a day off and stop whinging otherwise you are going to get filtered. Look at the buying in the last 20 mins, somebody or 2/3 thinks this is great value atm.

[andycapp1] 27/9/2018 11:35

A tired line that’s been repeated all the way down from 100p!! It’s needs fundamental change to rebuild confidence. Why the ever useless Gupta is still allowed to run this by the NEDs is beyond me.

[dave4545] 27/9/2018 11:25

Cannot argue with sustained buying. When mm's clear their lines I feel it will be back at 12-14p range

[andycapp1] 26/9/2018 15:52

We won’t! This current 62MW only just returns it’s invested capital so they won’t build any more. They should flog this and return the 5p of equity to us.

[timbob2000] 26/9/2018 12:12

Looking ahead though Andy, when (we assume) the solar portion of debt is paid, most of the income we receive from solar will be profit due to zero coal expense. Would that not be a good thing particularly in a high coal price environment? I take your point about only being 62mw, it is supposed to be the start of a 300mw solar growth initiative. Though I do wonder now when we will see the rest built.

[andycapp1] 26/9/2018 10:47

It’s worth circa 35p assuming Chennai doesn’t fall off cliff; Gujarat was an option value. So question is how much of that 35p will be capture? Earnings could be say £13m so it’s on 3x PER.

[dave4545] 26/9/2018 10:16

Could be a good bounce to come now sellers are out here.

[timbob2000] 25/9/2018 18:21

Andy, why do you say solar is worthless?

[bignads] 25/9/2018 12:44

From my reading of the results, its been a bad period but they're generating a lot of cash from Chennai, paying back debt quickly, and they have cash on the books (as well as lots of debt). On cash generation alone, it looks attractive...

[andycapp1] 25/9/2018 11:48

Impossible! He’s too useless to pull rabbits! Chennai is worth something to equity. He should flog solar which is worth b all. But a bit.

[turbocharge] 25/9/2018 11:45

One lives in hope - you never know, he might pull out a rabbit from his sleeve...

[andycapp1] 25/9/2018 10:42

No it won’t. Nobody trusts it anymore and the only way it’ll reap value is if the ever useless Gupta takes it private! And here we hope we won’t get too badly screwed on value.