Opg Power Ventures Share Discussion Threads

[tim000] 31/10/2023 11:54

Reassuring RNS, just a little longer to wait.

[tim000] 31/10/2023 10:50

People often make comments such as why didn’t our company do a capital raise at the share price peak of x, when the share price is now x/2? As if there is unlimited capital available at any given share price. Obviously institutions weren’t willing to buy at x which was considered inflated by short term buyers. The same principle is true for buybacks, as Goldbug says. No one would have sold their shares at a buyback price equating to the depressed market price. And non execs wouldn’t have condoned a takeout of minority shareholders at such a price.

[dave4545] 31/10/2023 10:30

I'm not worried or panicking, yeah these things tend to take longer than they always say but this should return before the year is out and hopefully November

[the original goldbug] 31/10/2023 10:27

It would be criminal if they tried to buy it out at anything less than 30p but maybe they would be that opportunistic and try in the low to mid 20s. Even then the window will close and the stock will likely rerate up from still very depressed levels.

You would think the independent directors would have to go along with it and they couldn’t on their conscience (and risk of being sued) if they did a buyout at an absurd price.

[bubbabubbabubba] 31/10/2023 10:12

Not going to be a buy outThey could of done it at 5p but didn't

[bubbabubbabubba] 31/10/2023 10:11

Dave that was before the suspension Would still be holding if no suspensionIts scared me silly There hasn't been an update when they said they would keep shareholders informed

[dave4545] 31/10/2023 09:33

Come on Bubba !

- 20 Jun 2023 - 09:00:47 - 725 of 977 OPG Power - OPG
Everything looks so positive

Higher PLF%
Higher Revenue
Higher Probability
Net-cash Position

Still an amazing buying opportunity

Still worth 30p or more

[tim000] 31/10/2023 09:14

Given the latest net cash figures, the company could buy out all minority shareholders (192mn shares) at 10p and the business would still be about net cash break even. So I suppose taking the company private might be something the family will consider as net cash accumulates.

[tim000] 30/10/2023 23:42

They had a trading update of sorts when they announced the delay in filing. I think the company said the reason for the delay is that the audit started late, presumably because the holding company were behind schedule in compiling the accounts themselves. They did have a lot of work in hand in recent months. I don’t think it follows that there were any issues anywhere in the group, and the auditors haven’t said so - which they should have by now if they had found any discrepancies. Any company can be vulnerable to financial misconduct, but there is no evidence that is the case here. And many reputable companies fail to meet the deadlines in publishing their accounts.

[bubbabubbabubba] 30/10/2023 23:14

What I mean they don't have anything new on the bse to show how they are doing recentlyAlso I feel there is something deeply wrong with the company, maybe outside of the operating companyHow can you still be auditing an audited account that was audited and signed off 3 months ago I dont get what they're still auditing, so I think it has to be something to do with another subsidiary rather than the power plant itself This is why I sold majority of my position

[tim000] 30/10/2023 23:01

Bubba, OPG filed its subsidiary’s fully audited annual report for FY23 on BSE in May. They haven’t filed anything for H1 FY24, but that’s got nothing to do with the annual report for FY23. I’m not sure any of their NCDs are traded on BSE, so there may not be any requirement any longer for them to publish results there. The consolidated accounts of all their operating subsidiaries take time to produce, and I think their auditor for that is not the same as the one for the subsidiary OPG Power.

[tim000] 30/10/2023 22:28

Some AIM companies are as you say, others are genuine. It can be hard to tell them apart. The lack of regulation doesn’t help. Cash is real though.

[bubbabubbabubba] 30/10/2023 22:09

I've learnt so much from this company and investing in the AIM Basically taught my self accountancy I dont believe a word these companies say anymore they give dates but never follow through Needs to be a lot more regulation on the AIM safestyle went today plenty more to follow Bonds are paying 7% no clue why you would invest in these companies with yields like that

[bubbabubbabubba] 30/10/2023 22:05

No bse filing unfortunately i cut my position before suspension

[tim000] 30/10/2023 21:10

They announced results would be released, and trading resumes, by end October. But they’re in the hands of their auditors, they don’t control the audit process. An overrun of the deadline is possible, but not significant in itself.

[ali47fish] 30/10/2023 17:13

is opg suspended still- when deos it restart

[tim000] 26/10/2023 11:01

Thanks, GB. Coincidentally England is at this moment losing to Sri Lanka in the World Cup, another dismal showing by the England team.

[the original goldbug] 26/10/2023 10:52

Indeed, Sri Lanka was always known as the pearl of India. For an enjoyable and relaxing holiday it has a lot offer as well as a rich cultural heritage.

[gb904150] 26/10/2023 09:52

Thanks gents for your excellent posts on OPG. I've built a decent stake here over the last couple of years so hoping for some good news when results are out, hopefully in the next 3 working days!

In terms of suggestions of places to visit, Bangalore is the tech capital / silicon valley of India so quite nice to explore. My wife recently visited and recommended it. You can fly direct from LHR.

Otherwise, if you fancy a cleaner version of India I'd recommend Sri Lanka. Works quite well to fly Emirates via Dubai. I found some of the friendliest people there and many that spoke really good English.

[the original goldbug] 25/10/2023 22:01

The market maker system kills liquidity because of the spreads. There is no money in for the brokers so companies are pretty much orphaned from the get go.

I don’t know much about cricket but did have dinner in the Bombay Cricket Club in South Mumbai. This was some time ago. There was no cricket on but they kind of outdid even the MCC with their sense of rules and etiquette. It was an enjoyable evening and Mumbai is a pretty fascinating city though I suspect it has lost a lot of its charm since I was last there.

[tim000] 25/10/2023 21:42

Off topic, I’m a cricket fan and would like to watch some cricket in India one day. Presuming you know India well, any advice on where to visit?

[tim000] 25/10/2023 21:38

You’re right AIM needs reform. Too many fraudsters pretending to be entrepreneurs and raking in exorbitant remuneration packages. Politicians don’t understand financial markets, so do nothing, and regulators are either useless or indifferent. There are good companies on AIM which achieve success, but they’re far outnumbered by scoundrels. AIM seems to be unique in this respect.

[the original goldbug] 25/10/2023 21:27

I don’t think that is viable. No one will give them equity and the family wont finance it by themselves.

India is too far down on Maslow’s pyramid to be worried about climate change. They still have to lift hundreds of millions out of relative poverty.

I think the family will be tempted to buy it back with debt or try and grow again if they get lucky on a deal.

If they go for growth shareholders won’t see anything material for years, though the share price might rise especially if they list in India.

AIM is a cemetery.

[tim000] 25/10/2023 21:16

You’re absolutely right about ESG hysteria. The coincidence of the power of social media and the totalitarian climate agenda has resulted in people and businesses being too afraid to push back against this quackery. India is sensibly avoiding most of the West’s delusions concerning climate change, wokeism etc. Your comments about bank valuations of mothballed plants are interesting. If OPG is patient and can build a cash war chest, and get the share price up so equity finance becomes viable, maybe there are deals to be done?