Opg Power Ventures Share Discussion Threads

[igoe104] 31/5/2017 08:09

Nothing wrong with the trading statement, everything is on track. the share price is at crazy levels, its definitely at top up levels.


This reminds me of another share I hold (GAMA) it kept dropping and dropping to silly levels, then suddenly it bounced ?

[azalea] 31/5/2017 08:08

Receivables being collected at a faster rate is another positive feature. All told, share price is undervalued.

[qs99] 31/5/2017 08:05

well market have marked up first thing, so initial reactions IMO seem to be decent? DYOR

[tiltonboy] 31/5/2017 07:53

"accelerating slow receivables"

Oh dear!

[ballychan] 31/5/2017 07:52

A good set of numbers;PLFs increased nicely.Credit ratings on the up.62MW solar on track for this FY.124 MW in the pipeline with a higher tariff of 5.36.Customer collections improving nicely.I'm glad they're concentrating on investing in new solar projects. Without them the only increase in revenue would be from Gujarats gradual increase PLF. This will open up, but if the forced sellers are still around then it won't spike up anytime soon.

[chalky] 31/5/2017 07:43

there is nothing new which is bad,cant understand the really low valuation as turnover has increased by about a third so surely profits should increase making the pe well lower than 7

[qs99] 31/5/2017 07:17

let's see how market takes this update

[andycapp1] 30/5/2017 14:11

Well Flowerhead you must have got very lucky to have sold at a profit given the inane babble that issues from your computer! Look they might be good at knocking up a coal plant roughly to time and budget but they flout governance conventions, they don't manage their capital well and they over promise and under deliver. That's why they are so poorly rated. Are they cheap? Who knows when they do the above. If they optimised their Governance so protecting the minorities to a degree and optimised their use of capital then I've no doubt the shares would be much higher.....but they don't so they aren't!

[azalea] 30/5/2017 13:13

What transparency did you want to see in addition to that produced in the Interim report? If the FY report does not give you all the information that you need, you can always email the FD Mr Swami, who is a most obliging individual.

[chrismisson555] 30/5/2017 11:55

this company has extremely poor communications but does represent some value at these levels.

Added a small spread bet as not willing to commit to buying shares due to lack of any transparency in the market for this company especially from a local standpoint in India.

[azalea] 30/5/2017 10:04

One only loses money in share trades when you sell your shares for less than you paid for them. My last 4 sells were all at a profit. I could give you chapter and verse on amounts, prices and dates sold; but it would be pointless because you could never disprove the data.

[polythene] 30/5/2017 09:49

Lol Azalea? You must have lost a packet. A bit of humility might be forthcoming.

[azalea] 30/5/2017 07:55

The opinion of a seasoned investor? Lol.

[napoleon 14th] 30/5/2017 00:53

Does look sooooooooo cheap that I can't bring myself to buy any.
How often is it that just the share price alone is wrong?
Smells fishy.

[ballychan] 29/5/2017 20:17

Real investors don't rely on chat boards Source - id say your comment is dim rather than the 'cheerleaders'

[source] 27/5/2017 12:18

Don't think it's done yet unfortunately (imo), the dim cheerleaders on this board continue to be very hazardous to real investors health imo too. Regards,Source.

[chalky] 26/5/2017 18:20

seems there is going to be a trading update on wednesday,
from every investor

[chrismisson555] 22/5/2017 11:35

Any news sources from India regarding this

[smithless] 22/5/2017 11:26

jeffian - I don't think the banks would have lent the company £256m if they thought it was a scam. As Jozo states its unloved and it has a persistent seller in the background. This is normally when one should be buying, but with this persistent seller doing such a bad job of it why bother when everyone knows it has further to fall. If the seller was more professional it would let the whole lot go for say 30p and move on, but we are caught in this drift. The prelims could well be the catalyst for such a event and once the overhang has gone it should move quickly. I agree with some on here, stop solar, buy back shares and start paying down debt would be big positives, but as long as demand for energy continues and it retains margins, the stock will recover

[jeffian] 22/5/2017 11:00

There's something wrong here. When there is persistent and relentless downward pressure despite a share appearing 'cheap', then there may be more to it than meets the eye. It's beginning to have the smell of those Chinese AIM stocks like ACHL which supposedly have cash, assets and profits - then they suddenly don't.

What's going on here?

[jozo] 22/5/2017 10:23

Drip dropDrip dropDrip drop!Pound also showing signs of slow recovery at present and in forecasts for next few months Can't help!Even I am beginning to see that opg is hitting undervalued territory, but I can't see the company doing anything to stop it. Who knows how low it will end up drifting too!Very very unloved. Jozo

[andycapp1] 19/5/2017 11:46

Actually Flowerhead I don't agree, not for the first time. Gupta's company is listed and that carries with it a certain cache, I suspect especially in india. I think he labouring under the misapprehension that shrinking his market cap by buying back equity is wrong and that he wants to be "bigger" for being bigger's sake. That is poor management. He shouldn't be focused on bigger, he should be focussed on ROCE and ROE. Investing in solar is tending towards "being bigger" rather than enhancing returns for equity. Simple fact is the unlevered returns on Indian solar are probably 10-12%, something like that. If his equity is on a prospective 5x earnings, lets say, that is a very simple earnings yield of maybe 20%. So faced with an investment in solar v an investment in your own equity - and admittedly the risks are not pari passu but hell the gap is enormous - why would you not use the solar capital to invest in your own shares. To not do so is poor capital discipline. You keep banging on about OPG's attractions yet we have been stuck here for years. the management cannot sell the story. Do you not think that Macquarie and Cenkos et al have not had them trawling round every institution in London and elsewhere yet here we are at 42p. Why? If it was going to happen it would have happened by now and therefore a new catalyst is needed.

[azalea] 19/5/2017 09:49

If Mr Gupta with his outright controlling stake of OPG had any concerns over the direction and health of the company that required changing, he would have done so. With the IC saying the shares are cheap we shall have to wait and see if the City agrees.

[smithless] 19/5/2017 09:05

Thanks for your input andycapp1. Someone, sometime ago mentioned one of its principal shareholders was having redemption's and was selling its holding in opg. I have seen no notifications, but is it Sanlam Four Investment UK Ltd?

[andycapp1] 17/5/2017 07:59

Ok then accelerate debt payback but the debt will, I'm sure, be recourse to the projects not to the holdco so yes it isn't a problem. Accelerating debt pay down generates the debt's return for equity whilst buying back shares generates a much higher equity IRR. Yes it does increase Gupta's share but so what? If it's 51% or 60% does that make any difference? Not sure it does. But buying back the equity is a big statement and is value enhancing. They clearly cannot sell the merits of OPG to investors otherwise.