Share Name Share Symbol Market Type Share ISIN Share Description
OPG Power Ventures LSE:OPG London Ordinary Share IM00B2R3RX72 ORD 0.0147P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -0.51% 24.625p 24.50p 24.75p 24.75p 23.75p 24.00p 469,465 13:14:51
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 128.4 28.6 5.3 4.7 86.56

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Date Time Title Posts
19/9/201714:06OPG- INDIAN OPG POWER PLANTS. MASSIVE UP-COMING GROWTH3,611
29/5/201414:39OPG Power - India1,638

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Trade Time Trade Price Trade Size Trade Value Trade Type
12:36:1224.504,081999.85O
12:14:1624.504,4061,079.47O
11:28:0224.505,0001,225.01O
11:05:3524.5040,0009,800.00O
10:03:5424.5025,0006,125.00O
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OPG (OPG) Top Chat Posts

DateSubject
19/9/2017
09:20
OPG Daily Update: OPG Power Ventures is listed in the Electricity sector of the London Stock Exchange with ticker OPG. The last closing price for OPG was 24.75p.
OPG Power Ventures has a 4 week average price of 23.75p and a 12 week average price of 23.75p.
The 1 year high share price is 71.75p while the 1 year low share price is currently 23.75p.
There are currently 351,504,795 shares in issue and the average daily traded volume is 367,071 shares. The market capitalisation of OPG Power Ventures is £86,558,055.77.
19/9/2017
11:30
andycapp1: Look neither you nor I can affect the share price. I am long but I am being realistic about the Company and its newsflow. My opinions will not impact the share price one jot but as you are being utterly unrealistic about the short term share price, absent news one way or another, I thought I'd better impart some reality to the debate.
04/9/2017
17:14
andycapp1: I'm sure his bonus is linked to several factors, I hope share price being one of them although it seems not! Anyway that's not the issue. His basic salary is way too high for a company of this EV/mkt cap. An AIM listed company of around £200m in this industry would pay the CEO around £200-300k. So his basic is far too high. I wonder if he will take a bonus this year given the horrors that await and the disastrous share price performance!!
03/9/2017
11:26
andycapp1: The 2017 results are irrelevant to the share price we know what they will be. It is how the company deals with 2018, it's hedging policy going forward, the terrible management of the company generally and it's even poorer share price rating. I want them to buy back equity. Well they have trashed their free cash for the next year but they should find an equity partner to recycle their solar capital and either use that to buy back equity or I suppose accelerate debt repayment as the mkt is now worried about their capital structure. But 2017 is utterly irrelevant to the equity story.
23/8/2017
15:25
the original goldbug: A buy back may help see a lift in the share price, but it is detrimental to the long term compounding of book value as there would be no cash flows to reinvest. A buy back would make sense for a company with limited growth opportunities and access to cheap debt, neither of which apply to OPG. On the surface these solar projects look less profitable, but the jury is out as the whole sector will likely benefit from cheaper panels once construction is rolled out over the next 24 months. Have they really undelivered or were consensus numbers skewed by the naïveté of one or two analysts? The uptick in coal has been a major negative as well. The fact of the matter is that it will probably only take a 2% share purchase to see a rerating to 60p, so the buy back avenue would be a remedial measure at best. So you might say in your hope of a higher share price that they should go for it. Would you then be encouraging them to sell from treasury, the 2% or more, when 'fair' value is reached!? Surely you agree it is an absurd proposition to tinker with their equity for the sake of marginal benefits from capital allocation.
30/6/2017
11:21
rivaldo: Summary of Cantor's note on Proactive as follows FYI... "Solar concerns overplayed at OPG Power Ventures suggests broker 12:46 29 Jun 2017 The broker has left its estimates unchanged as it expects coal prices, the main cost for OPG, to remain flat in dollar terms. Concerns over the drive in India towards solar power are being overplayed in the share price of coal-fired power station operator OPG Power Ventures PLC (LON:OPG). That’s the view of house broker Cantor Fitzgerald, which says concerns that India might follow the UK and Germany and push fossil fuel to the margins are overdone and the impact on OPG’s business will be minimal. Recent solar deals in India have suggested a deteriorating price environment in the country, but Cantor says the average solar tariff level is rupees (R)4.18/kWh though three new projects at R3.3/kWh. The broker has assumed prices of R4.4kWh for OPG, but it sells directly to industrial customers that pay a premium and that makes it very competitive compared to solar power even at those lower prices suggests the broker. Cantor concedes that there will be a significant amount of new solar capacity added, but demand in India is increasing in step and solar will only account for 6% of the market by 2022. As such, the broker has left its estimates unchanged as it also expects coal prices, the main cost for OPG, to remain flat in dollar terms. OPG’s share price has almost halved over the past 12 months, despite a maiden dividend. There has been one persistent seller says the broker but there is now 166% upside to its target price of 124p and the rating is buy."
19/6/2017
12:04
rivaldo: Here's the IC's tip FYI as it hasn't been posted yet: "OPG Power Ventures (OPG) develops and operates coal-fired power plants in India and is moving into solar energy. As such, prospects are supported by strong tailwinds from the country's growing economy. In addition to this, OPG's foray into solar generation means it is also likely to benefit from the Indian government's commitment to increase its use of renewables and reduce its carbon intensity - the amount of carbon emitted per unit of energy consumed. However, the group has come up against a number of challenges recently, which has sent the share price down, despite the likelihood that the issues will prove temporary. In the group's January trading update it outlined a triumvirate of negative events. The first was the de-monetisation of India's high-denomination currency, which had a short-term effect on consumer spending and demand for energy. The second was the death of Ms Jayalalithaa Jayaram, chief minister of Tamil Nadu, where the group's Chennai plants are based. This led to depressed commercial activity for roughly a week. Finally, the state was hit by a cyclone. This caused only minor damage to OPG's plant, but regional transmission infrastructure was severely affected, which again had an effect on commercial activity. According to the group's most recent trading update, the Chennai plant's load factor - the ratio of energy output compared to the maximum possible output of a plant - was pushed down to 76 per cent for the year to March 2017, compared with expectations of 80 per cent. Overall, though, there are encouraging signs emerging. The group's Gujarat plant, which is younger than Chennai, increased its average plant load factor to 63 per cent for the year, from 52 per cent in 2016. The company has also made important progress in addressing payment delays by the state electricity companies and expects to get most of the money due in 2018. This has involved an amendment of the share capital rights in the Gujarat subsidiary. At the end of September, about £20m had been collected from OPG customers by the state utility and still needed to be paid over. Meanwhile, even accounting for the lower-than-expected productivity, total generation for the Chennai plant was 12 per cent higher than in 2016. The group is also pursuing two solar projects, one 62MW development in Karnataka, of which 40MW has secured debt financing, with sanction for the remaining 22MW expected in the next few weeks. The group has also secured a letter of intent for a 25-year power purchase agreement for a 124MW project in Jharkand. Once these are completed, solar will account for 21 per cent of the group's generation capacity. OPG POWER VENTURES (OPG) ORD PRICE: 43p MARKET VALUE: £149m TOUCH: 42-43p 12-MONTH HIGH: 74p LOW: 40p FORWARD DIVIDEND YIELD: 2.3% FORWARD PE RATIO: 6 NET ASSET VALUE: 60p NET DEBT: 128% IC VIEW: The group has made good progress against its goals despite a wide range of one-off challenges. Importantly, this progress helps underpin Shore Capital's forecast of net asset value (NAV) per share of 68.6p by the end of the current financial year. The share price sits at a near-40 per cent discount to this forecast, and the shares also trade at a mere six times forecast earnings. While we acknowledge OPG has had difficulties recently, we think this is more than made up for by the value now on offer. Buy."
12/5/2016
12:05
grabster: The OPG share price is no higher than it was two years ago. All gains in between then and now have been wiped out. In fact it is now where it was seven years ago. Every rise along the way has collapsed. Those who bought after igoe started this thread will have done very nicely if they sold at over 100p.
21/1/2016
16:22
eddie1980: You fail to see the analogy. OPG should be a growth stock - but there is no further growth, nothing. As soon as the plant is connected, that is it. Yes, it will take a further year for the numbers to flow through, but what I have said time and time again, is the market is forwards looking - how can they price this growth stock, when there is no growth? In absence of any growth, what is it? The company will still be earning 10p a share in 2017 (and in theory 2018, 19 etc). Not bad you may say. Worth more you may say. Why not a P/E of 10, 12, 14 even. My point with HSBC was that in the current market, you have one of the longstanding FTSE constituents also on a PE of 8, paying a 7% dividend each year. Yes, I acknowledge it is the extreme example from the FTSE, but it is there and available. So, from a purely earnings basis, you cannot rely on the earnings from the 750mw to drive the price higher short term. If the market was to hear that in 2 years they would be producing 2000Mw, earning 28p per share, with details of the financing to achieve it, that would drive the share. In answer to your question about what no share price growth in 8 years tells you - I think I have said many times - its not what they have done, its what can they do. They need to come up with that, both financially and strategically. To date, they have said nothing. that is poor. Do you see the problem now? You should be interested in what will move the share price, not the fact India is underpowered, or they will connect a wire next week. The fact they have said nothing? They didn't used to say nothing when trying to build the current capacity? So why now. Either they have no concrete options (bad) or they don't have the finance (also bad). Either way, bad for the share price. The company has said they won't raise new equity at this price. (as they don't want to dilute themselves). So, stalemate. I am intrigued to know how they will overcome this. No doubt there will be some dilution. Past history of smaller companies indicates this. But how its done or by how much, I don't know. Maybe they will choose to wait 3 years before they build anything, retain cash generated and do it that way. But again, in terms of share price, that will be negative, as there will be no growth for 4,5 years until new plants are in place. I really do give up. Use your brain and try to understand why your investment has done nothing in years despite their operational success. Then try to understand what make your investment work. Then try to understand what the risks are, and what obstacles there are to the company achieving success. Ps. The mighty questor tipped OPG in May 2014 at 94p, November 14 at 107p, and 99p in June 15. That's about as good as your recommendations over the last 20 months. Pps. Given you rely on tip sheets, have a read of what SCSW said this month - I have just read it, and they suggest exactly the same - the share price is held back due to lingering need for cash for expansion risking dilution through rights issue. The delays in getting the last 150mw on line at least giving growth to 2017........but then none!
24/12/2015
09:22
source: Thanks MT. I know broker forecasts need some seasoning sometimes but OPG has 9 different forecasts (many reiterated only in the last few days too). ALL these are now forecasting an OPG share price of between 120p and 150p.http://www.marketbeat.com/stocks/LON/OPG/ -- Given OPG's recent confirmations on the company progress that:-(1) Its business has not been meaningfully impacted by the major floods in Chennai;(2) Its plants remain undamaged;(3) Rumours of cash calls are completely unfounded;(4) It has picked up new business in Chennai;(5) G2 is still on target as are its plans to get to 750MW (hopefully sooner than later - per my previous comments!)(6) Has existing opportunities and land for short/mid term expansion & is exploring numerous longer term opportunities for major further expansions. (7) Its markets seem to remain very buoyant and growing - supported strongly politically, socially and economically;(8) OPG's new freight ships will increase its cost advantages. Etc etcWhile there are obviously risks involved it is still very hard to not conclude the current low prices that the risk/reward seems more favourable than any time in the last 2 to 3 years. I'm of the opinion that the current pricing is an anomaly. Hopefully one that shouldn't/won't last long as the price discrepancy starts sinking in wider and some bigger buyers start to avail to the opportunity at these low share prices. It may now take till after Christmas but the above facts will not be going away :)IMVHO DYOR Regards,Source.
09/10/2014
10:51
azalea: Whilst we are waiting for news from OPG, here is a question on GKO versus OPG share price. Given the following data presented by Morningstar Premium Service, would anyone like to justify their current difference in share price. GKO 150.657560m shares Brokers' consensus Eps forecast FY2015 10.27p FY2016 15.21p. OPG 351.5m shares Brokers' consensus Eps forecast FY2015 6.06p FY2016 13.86p
OPG share price data is direct from the London Stock Exchange
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