Opg Power Ventures Share Discussion Threads

[bubbabubbabubba] 25/1/2023 12:24

https://www.energyvoice.com/oilandgas/341374/block-energy-and-activist-shareholder-throw-down/

[bubbabubbabubba] 25/1/2023 12:15

No I think there an activist investor Read about block energy I fully expect them to call an AGM

[tim000] 25/1/2023 10:50

I thought the Gupta family had a controlling interest? So it’s a value investment, the same as us!

[dave4545] 25/1/2023 10:41

Maybe they see this is a value investment.

They got a all time low for their stake

[bubbabubbabubba] 25/1/2023 10:25

If you read about them they tried to remove the board at block energy but didn't get support And I'm not sure they will get support here either due to gupta family I have the feeling they will try to sell the company as a whole rather than sell the power plant and invest back in renewables

[bubbabubbabubba] 25/1/2023 10:00

Look like an activist investor

[bubbabubbabubba] 25/1/2023 09:50

Who are they

[jailbird] 25/1/2023 08:31

thats good

[dave4545] 25/1/2023 08:29

Forest Nominees Ltd

Have bought 5% or 20 million.

[tim000] 25/1/2023 08:06

Renewables aren’t reliable sources of energy, I’d prefer they stick to their knitting and focus on the coal plant. A much larger company with diverse locations and energy sources can cope with the risks of renewables, OPG is not such a company.

[waspfactory] 25/1/2023 07:47

I like the idea of selling the coal plant and becoming a cash rich renewables player, however their renewables experience so far has not been particularly impressive. Maybe stick to what they know?

[waspfactory] 25/1/2023 07:40

Thanks for the link jailbird, very interesting read.

Of the two options suggested, what do holders on here think?

1) Reposition the company completely. Divest of the Thermal Power Plant and invest in renewable projects in India. The divestment will yield multiples of the market cap in cash so as long as Management allocate the cash effectively, buying assets at sensible valuations, this would create immediate value. Becoming a renewable player would open the pool of institutional investors once again for OPG.

2) Share buybacks + Dividends. Now that debt is fully paid off (albeit there might be a convertible loan note being issued in the short term, unclear what the purpose of this is for), the business generates ample cash on an annual basis (refer graphs above). Doing share buybacks and paying dividends has the potential to signal to the market the belief in the company as well as attract yield focused investors.

[bubbabubbabubba] 24/1/2023 23:14

Just seen a BSE filing

[bubbabubbabubba] 24/1/2023 23:13

Results out for 9 months on Monday 13th Feb Maybe profit Maybe not

[jailbird] 23/1/2023 13:25

I guess some of you have seen this Thought it is balanced assuming figures are accurate . As been said before to make immediate value is to move into renewables https://dmpinvestmentfund.blogspot.com/2023/01/opg-power-ventures-uk-microcap.html?m=1

[andycapp1] 21/1/2023 09:57

Good grief are you still obsessing about this heap of excrement?

[dave4545] 20/1/2023 15:20

Yeah on-line is way lower to buy so still working the last of that block sale. We await the new buyer rns still

[jailbird] 20/1/2023 14:54

Was a Silly spread anyway

[dave4545] 20/1/2023 14:33

Ha ha 2 mm's drop on a 50k sale...games never stop in this one

[dave4545] 20/1/2023 09:03

Blimey £50k buy at a premium on Aqse 813k at 6.15p

[dave4545] 20/1/2023 08:59

333k buy 6p on aqse

[dave4545] 20/1/2023 08:56

Jailbird

Remember there was a 7 mil surplus to the cross and the 30 mil sold on.

2.4 mil was sold yesterday and numerous pi buys ate into a chunk and they block was done at 5.5p so at 6p it's still a nice profit for the mm so I'm still thinking clear that and we are off...hopefully

[jailbird] 20/1/2023 08:52

Anyone else on views what next update may bring Need some positive news to clear this overhang I think

[jailbird] 20/1/2023 08:52

I have found those quotes mean nothing over last months These were similiar when share prices were higher above 6p but never stopped it from falling

[dave4545] 20/1/2023 08:50

Who knows

I'm more interested today in the games, bidding over mid price and full offer to buy but not surprising after the shakes.

Might clear the last of that surplus stock from the cross