Opg Power Ventures Share Discussion Threads

[beangrinder] 22/9/2023 14:31

Note out from Cavendish with 19p target price.

[nathandc] 22/9/2023 14:23

Re-listing and accounts Publishing accounts end of October...Hoping there has been no fraudulent previous reporting...

[nathandc] 22/9/2023 14:21

Let's hope so As this should be turning around ...

[dave4545] 22/9/2023 13:56

Sub 9.5p worth the risk so nibbled

[tim000] 22/9/2023 13:50

I think you’re exaggerating the risks from suspension, many well established businesses suffer temporary bouts of suspension due to late filing of accounts, especially overseas businesses. But we’ll see in due course.

[dave4545] 22/9/2023 13:40

If it comes back from suspension it will do at least 200% there will be a massive scramble to buy in...depends if you want to gamble

[bubbabubbabubba] 22/9/2023 13:26

Just sold 90% of my stake suspension is bad news I've seen this story one too many timesMade out with a very profitable postionsLots of good opportunities elsewhere

[dave4545] 22/9/2023 12:36

Sorry I'm just scarred from suspensions they always say not long my last one was PPP and no signs of them coming back yet but I'm inclined to trust opg more...they could easily delist if they wanted to with huge major shareholders

[tim000] 22/9/2023 12:12

Only just seen the RNS. Good to see the management being so proactive in forward selling power. Also very good to see the receivables being monetised. As Goldbug says, and I’ve often repeated, this is a long term investment, based on the certain rapid growth in Indian power demand, with a shortage of new capacity coming online.

[the original goldbug] 22/9/2023 12:00

It’s not really a traders stock Dave (due to the bid offer spread and general illiquidity).

While it is frustrating and a concern unless the current good news is untrue it doesn’t change the bullish story that is building.

Traders won’t have the luxury of getting back in the day it is relisted.

[beangrinder] 22/9/2023 11:59

Day traders will be moving in and out of this over next week or so. Will be a bit volatile but I'm a long suffering investor who has watched the company pay back c£200m debt for building the power plant and would like to see the free cash flow coming in as dividends!

[dave4545] 22/9/2023 11:34

Bit like my CMB update...good good good good then last line bolox

suspending the shares...I just cannot trust anybody that says that..so many of mine have said "temporary" and they are still suspended months years later.

Was almost perfection...traders will not want their money stuck in a suspended stock

[beangrinder] 22/9/2023 10:54

This is now ridiculously cheap given such a positive statement. They are going to generate annualised cash well in excess of the NAV excluding current net cash. Can't buy any sizeable amount just now!

[andyforster1] 22/9/2023 10:36

Grabbed everything I could at 8.5 market sleeping on this.

[chalky] 22/9/2023 10:32

Net positive of nearly £20 million cash and a cap of 35 million, how do you work that out. and a more positive outcome this year.

[tim000] 05/9/2023 15:23

Thermal power generation volumes increased 6.3% in the month to August, and were 23.5% higher than August 2022.

[bubbabubbabubba] 05/9/2023 11:46

Nothing exciting in the annual report better to wait for update on 30th Sept on lse for clearer picture

[bubbabubbabubba] 05/9/2023 11:45

https://www.bseindia.com/stock-share-price/opg-power-generation-pvt-ltd/1075opgpl26/975032/corp-announcements/ Scroll to bottom

[tim000] 05/9/2023 10:21

I can’t post a link at the moment, but if you go to the Investors section of the OPG website, very near the bottom is a heading for OPG Power Generation. Clicking on that will take you to the Annual Report. Of course this is just the thermal generator subsidiary, not the consolidated results of the whole group, for which we must wait until the end of this month. Furthermore, these results had already been published in late May, they now include all the details of full audited results.

[the original goldbug] 05/9/2023 09:50

Link please gentlemen. 🙏🏻

[tim000] 05/9/2023 07:27

It’s also on the OPG website.

[bubbabubbabubba] 04/9/2023 19:45

They released annual report on bse

[tim000] 03/9/2023 10:32

India’s current shortfall of generating capacity is a direct result of its politicians being fed BS by governments in the West about climate change pseudo science, and the need to phase out fossil fuels. Populations in the West are increasingly rebelling against the resultant sharp decline in their living standards. It will be interesting to see whether India now changes course and puts less emphasis on renewables for long-term energy security.

[tim000] 03/9/2023 10:02

August was possibly the driest August for over a century. 31st August saw a new record peak for electricity demand of 236GW, rising to nearly 240GW on 1st September (which was 20% higher than peak usage during the whole of September 2022). Power prices on the IEX exchange have risen to R10 per unit, reflecting generating shortages of over 10GW due partly to a slump in renewables output. The share of thermal power is reported to have risen by 5pp to cover this shortfall. It appears much of the increase in power demand is at night time, when renewable energy is not available, requiring thermal gencos to plug the gap. Thermal power producers using domestic coal have been ordered to increase coal imports and maintain imports at 4% of consumption until next March.

[tim000] 01/9/2023 20:48

My posts have highlighted the enormous efforts the Indian authorities are going to to keep generating costs as low as possible, for the benefit of gencos, households and the competitiveness of industry. Contrast that with European governments which are doing the exact opposite. Germany is even destroying its own manufacturing base! The medium term outlook for OPG thus looks very profitable, but no doubt it will take time for the share price to reflect this.