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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Opg Power Ventures Plc | OPG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 4.75 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4.75 | 4.75 | 4.75 | 4.75 | 4.75 |
| Industry Sector |
|---|
| ELECTRICITY |
| Top Posts |
|---|
Posted at 14/11/2024 15:58 by dave4545 I look back at my biggest losses of 2023 and now they would be humungous losses in 2024.The shrewdest investors are those that can take any kind of loss and not hold for their money back. I'm hoping OPG will release a RNS |
Posted at 13/11/2024 10:19 by dave4545 Bear market for penny stocks.No investors left, all day traders and they want momentum. So how can you get momentum if nobody will buy the value and spike it in the first place. And yes I still hold here Results day will probably be the catalyst but that tends to only last 24 hours as all traders buy then sell out again |
Posted at 25/10/2024 10:13 by rivaldo Nice 250k buy at 9.88p just reported and a decent move up.Sentiment can turn on a sixpence. Hopefully the terrific value here is starting to filter through to investors. |
Posted at 23/10/2024 08:08 by rivaldo A reminder of the Investor Meet presentation starting today at 11.00..... |
Posted at 21/10/2024 06:28 by igoe104 Opg doing a investor presentation on Wednesday, you can sign up for it in the link above... |
Posted at 27/9/2024 10:38 by gb904150 The bamboo fields idea is a folly. Buying up fields? Processing bamboo to wood chips? Burning wood chips instead of coal? Who do we think we are, Drax?!Think of the logistics involved in the above. Look at the low energy density. It is a waste of time. If OPG showed just an inkling of interest in investor returns the share price could easily be 2-3x its current level. For now they dodge the dividend question, don't engage via IMC (they postponed then cancelled the last one) and pursue follies of wood chips from bamboo. That said, the backdrop is of a power plant that is worth multiples of the current Mcap in a booming economy with insatiable demand for electricity. Even if they just allocated £2m as a starter for dividends it would set the right tone. For now they are investor unfriendly, with a majority shareholder, hence the very low valuation. |
Posted at 27/9/2024 09:47 by rivaldo For those without access, Cavendish's new note has a 28p target price:"We are basing our valuation on a forward EV/EBITDA multiple for OPG Power, based on FY25E. The peer group average multiple is 11.0x. We apply a small-cap discount for OPG, which we are conservatively setting at 30%, for a target multiple of 7.7x. This give us a target price of 28.0p, which is an increase from our previous target of 27.0p." Cavendish summarise: "Recovery confirmed – The cheapest way into India OPG Power reported FY March 2024 results which were better than our forecasts at the EBITDA and net debt levels and in line or better overall. The period saw normalisation of coal prices following the disruption caused by Covid and saw Plant Load Factor recover to 69.2%. We expect OPG to continue operating at good levels of plant utilisation, sustaining profitability and cash flow. We are introducing forecasts for FY March 2025E. We expect the net cash position to continue rising over coming years and, with the shares trading on an EV/EBITDA of only 3.0x to March 2025, OPG offers investors a cheap way to gain exposure to the dynamic and fast-growing Indian economy. Our price target of 28p is based on a conservative discount to comparable Indian companies." "Valuation upside: We value OPG by comparison with the Indian power utilities sector using EV/EBITDA multiples. The valuation table is included on page 3. OPG compares favourably to this peer group in terms of balance sheet strength and cash generation. We nonetheless base our valuation on a conservative small-cap discount of 30% for OPG, in line with wider market valuation trends, and arrive at a target price of 28.0p. The valuation is also underpinned by a strong asset base, with an NAV of 42.3p per share." |
Posted at 27/9/2024 07:33 by tim000 They need to pay a dividend to attract investors. I think that won’t be for another year now. Unlikely to announce a dividend post interims. |
Posted at 27/9/2024 07:31 by dave4545 They could say 280p and I still doubt there would be any reaction.Not many investors left and I guess a lot of traders have also left the market or been wiped out. tough times unless you are a old hand at this game. Still think we should be worth double for fair value |
Posted at 10/9/2024 15:24 by tim000 That may even be a retail price, it’s not trustworthy. OPG usually gives info on its coal prices paid in its trading updates. I don’t expect there has been any coal price inflation this year, as I say. A positive for OPG investors is that it’s something of a counter-cyclical stock and hence provides useful portfolio diversification. Indian demand for power is always high, meaning producers always have high capacity utilization of their plants. By contrast, input costs (ie costs of thermal coal) are cyclical and so margins and profits should be counter cyclical.The company has been opaque in the last couple of years about its true ambitions - does it wish to be a growth company (past forays into renewables and geographical diversification away from Chennai have failed and had to be reversed), or a safe dividend stock? It has mentioned buying coal mining assets if I remember correctly, but fortunately nothing has come to pass on that. They’ll be much better off with a strategy of deleveraging and returning capital to shareholders. As mentioned, that would see a much higher share price. |
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