Opg Power Ventures Share Discussion Threads

[jeffian] 22/9/2016 19:54

I must say, marvel man, I like dividends or anything that puts available cash back into shareholders hands. The trouble with "capital appreciation" is that, much though they'd like to, Boards of Directors don't control the share price. They need to focus on the things they can control which is growing revenues, making profits and paying dividends and if they do that successfully the share price will look after itself.

[marvelman] 22/9/2016 19:30

Spot on jeffian...this is not Vodafone for Gods sake. Re-invest or pay down debt. Its capital appreciation shareholders want from this early stage company not macho micro dividend pay outs either.

[jeffian] 22/9/2016 18:33

God forbid! Share buybacks take real cash and p*ss it away trying to support the share price by artificially enhancing earnings per share and net asset value. It is called 'financial engineering'. If the company has surplus cash to distribute, the only way to get it into shareholders' hands is via a dividend, return of capital or by paying down debt.

[chalky] 22/9/2016 17:49

i have held opg on and off for over 5 years its been a slow progression but they are gradually achieving their aims,i have read 2016 accounts,thats the past, i gather share prices are supposed to be priced on future earnings,this is not the case,they have fallen out of favour with investors.At some future point this will change,they need a catalyst to change investor mindset,in my opinion i would like to see a paydown in debt but also instead of a dividend i would like to see a share buy back and increase p/e,i think the p/e is dragging the share price.

[azalea] 22/9/2016 17:04

IF 'chalky' was a holder of OPG shares,I would have thought he would have already run his eyes over the 2016 accounts.

[ballychan] 22/9/2016 17:02

It's net cash that has shown no increase since FY15 and this is largely part to the 'Increase in trade receivables by £29.21m (on account of slower payment by TANGEDCO, the short term supply contracts with this entity having ceased in May 2016)'However, the presentation shows "As at end August 2016 £7.2m collected, representing release from working capital.• The remaining £19.3m is anticipated to be collected in the next 12 months or less (following the expected entry of TANGEDCO into the Govt. of India sponsored UDAY financial restructuring)."Once these receivables are recovered the net cash will show a considerable increase year on year.

[ballychan] 22/9/2016 16:42

Operating cash flow has increased from £ 32.87m in FY15 to £48.90 m in FY16, an increase of £16.03m, or 48%.

[chalky] 22/9/2016 16:16

not really the company is still spending and i think you will get a better idea when the interims are announced it may show decreased spending and much greater inflows.

[source] 22/9/2016 15:27

Agree chalky. Do you think OPG's low cash flows are signalling anything worrying?Regards,Source.

[chalky] 22/9/2016 14:54

I think you should look at cash flows in opg, make a decision and note whether they are making good real money not profits once all the power stations are fully operational, then you can see what future decision making will be needed.

[azalea] 22/9/2016 14:05

OPG has an unbroken record of positive and increases in Eps. FY 2017 will be no different, except brokers are forecasting the numbers will be much higher than 2016.

[ballychan] 22/9/2016 13:41

I remember Globo, a hedgefund issued a damning report on it, while shorting it. They were bang on the money, the CEO later admitted they had fudged the figures and it was de-listed as a fraud. OPG has delivered on it's promises - some late - the sentiment towards that market is clearly low. Let's see how they perform on the 300mw renewables target.Ultimately cash is king, if they can deliver on progressive dividends and hopefully refinance their debt to save more cash, I think this is one to keep tucked away.

[ballychan] 22/9/2016 11:53

Not necessarily Source, a lot of MMs keep stock on their books, or accumulate to fill a large buy.

[source] 22/9/2016 11:35

Ah so someone is indeed selling then...(MM to MM trades only reflect underlying movement)Regards,Source.

[azalea] 22/9/2016 10:27

The two large trades 650k & 800k yesterday, was timed the same 1247hrs, thus more likely a MM-MM trade. Had they been sales the drop in the share price would have been notable.

[source] 21/9/2016 17:06

...should have mentioned, the reason I raise the possibility of a large seller(s) again for board opinions is because today volume has been VERY high to accompany today's drop in prices. Regards,Source.

[source] 21/9/2016 16:52

Back to OPG...weakness is again worrying. Nothing at their recent capital day seems to have helped improve the poor investor sentiment. Wonder if it will now drift back to the recent mid-50 pence lows again?Wondering also if that large seller, mentioned here before, is still out there and selling?Regards,Source.

[jailbird] 21/9/2016 09:42

blah blah...how many times have we heard that...

[azalea] 21/9/2016 09:34

Ballychan
You should understand that some if not most of my detractors on this thread have hidden agendas which are not OPG related. They originate from TLW and SPL, where they have lost money- real, or on paper. Others have indeed lost real money investing in OPG but cannot face up to accepting responsibility for their own actions. Then you have the bitter, twisted and negative brigade, who are unlikely to be invested in any company and simply post a load of nonsense. I now have a significant mixture of all the above filtered.

OPG
The share price is now in a dip, awaiting the Interims, which based on Q1, should show a positive picture for the whole year regarding revenues and Eps. Not forgetting the maiden dividend.

[ballychan] 21/9/2016 07:28

Oh come on, pls create another azalea fan club chat for the ones that love talking about him.This chat was very good with great informative posts by a handful of people - hopefully we'll return there soon.

[source] 20/9/2016 18:39

Azalea - again your posts lack any modicum of necessary detail that would back up your bluster. Why don't you enlighten us all here on how masterful an investor you really are by clearly stating in cold hard numbers what stake in OPG you have and how much you have made in OPG since your masterful punts started in this share. P.S. You stated earlier you had filtered me when I then simply stated you needed more balance in your posts about OPG to prevent being classified as a pumper. But here you are responding to my reply to jailbird about your shenanigans elsewhere on other boards!! It's nice I am so popular with you that you pretend to be not be reading my posts but secretly are! :) LOL. Regards,Source.

[the original goldbug] 20/9/2016 10:45

Gentlemen come on, show some form!

Take responsibility for your own poor decisions and unfortunate timing in purchase of shares.

[polythene] 20/9/2016 10:26

Azalea. You might explain so please how you have made money on this share? Surely you haven't been buying and selling when you have telling everyone to buy, right down from around the £1 mark.