Opg Power Ventures Share Discussion Threads

[philjeans] 24/1/2025 11:45

Some risk I agree but enormous upside when the enquiry has been resolved.

As it will.

[imnotspartacus] 24/1/2025 07:56

Dodgy as…

[nathandc] 23/1/2025 22:24

But somehow never reflects the share price ...

[philjeans] 23/1/2025 14:28

Meanwhile the company continues to generate huge income and profits!

BUY the dips!

[tim000] 23/1/2025 14:00

The person resigning is an Exec Director of a trading subsidiary, he is not on the main board of the group. So there is no requirement to RNS this. Of course we don’t know why he has resigned. But sometimes executives resign because it can affect their future careers if they know of information of wrong-doing within their organisation and stay anyway. Personally I think that more likely than he being closely involved in misbehaviour. The Enforcement Directorate announcement suggests the Gupta family is at fault.

[gb904150] 23/1/2025 14:00

This guy, Chakrapani Murugeswaran seems to be at OPG Power limited (i.e. at the private subsidiary level) rather than at OPG Power PLC at the PLC holding company level.

From AR 2024 the directors are:

BOD at 31 March 2024

1. Mr. N. Kumar (Non-Executive Chairman);
2. Ms. Avantika Gupta (Chief Executive Officer); and
3. Mr. Ajit Pratap Singh (Chief Financial Officer).

NEDs

1. Mr. Jeremy Warner Allen (Deputy Chairman); and
2. Mr. P. Michael Grasby (Non-Executive Director)

Perhaps Chakrapani Murugeswaran is the fall guy?!

Either way....I hope that more scrutiny of the business going forwards helps transparency and ultimately the valuation here.

[ali47fish] 23/1/2025 13:52

why has the ceo resigned-can some one clarify what is the latest- why ni rns

[nathandc] 23/1/2025 10:33

You can't help think that. Family owned no other big tutes. Who is holding the exec team accountable to the share holders.

[imnotspartacus] 23/1/2025 09:55

It looks as though all the profits are ending up on the kitchen table.

[philjeans] 15/1/2025 10:28

Anyone had any news or rumours from India?

All gone very quiet but I'm certain OPG continue to make astounding net profits!

Just need to clear up this Money Laundering investigation.

[dave4545] 25/12/2024 11:56

When it was 5.7-6.5p somebody bought over 300k on Aqse at 6.6p not sure why they did that, they could have got half that around 6.1-6.2p splitting the trade.
Wins go 6p bid, loads more buys followed and none of the mm's moved up, they all sat and held out and yesterday people started selling at 6p bid and they got most of the stock back for a handsome profit

[ali47fish] 24/12/2024 22:25

Dave can you please clarify in plain language

[dave4545] 24/12/2024 12:00

Perfect markets for Winterfloods.

They sell a ton of stock and a premium buy for 6.6p go 6p bid yesterday and sit there patiently and today they get it all back for a lovely profit.

[ali47fish] 23/12/2024 12:40

fine but we have noot heard if the investigators have been satisfied with the assurances of OPG

[philjeans] 23/12/2024 10:58

Extract from the Co Report 20/12/24;


"On 11 & 12 November 2024, the Directorate of Enforcement (ED), Chennai Zonal Office, conducted search operations at various premises associated with the OPG Group, as part of an investigation into alleged violations under the Foreign Exchange Management Act (FEMA) and Foreign Direct Investment (FDI) Regulations. The Company would like to assure our stakeholders that the Company has fully cooperated with the authorities throughout this process and has provided all requested business-related information in a timely manner. The Company remains committed to adhering to all applicable regulations and will continue to offer full cooperation with the enforcement authorities. The Company are confident in the integrity of our operations and will promptly supply any additional details that may be required by the relevant authorities.



The Company continues to strengthen its balance sheet and liquidity position which provides OPG with the financial strength and latitude to pursue new growth opportunities in energy transition.



The increase in electricity demand and transformation in the power sector in India provides a prime opportunity for OPG to continue to generate profitable revenues through its sustainable operations.



The Company expects to continue to generate strong cash flows from its operations."



N Kumar

Non-Executive Chairman

[sphere25] 23/12/2024 10:29

Agree with your points starpukka.

The buyers coming in here are partly buying on the back of what now appears to be an oversold valuation, as well as, what looks like a forecast beat to come. Seen as the broker is playing it conservative on the coal prices, this looks like what is in the pipeline.

However, there is also clear speculation on the part of buyers here, on how the fraud investigation pans out. If, as you say, a bombshell rns drops, then all bets here are off. If it is some form of bad news, then again confidence will be hit hard. I don't know what will drop. It could of course be an all clear.

Ordinarily, with prices overshooting to the downside (as is the norm now), this would have been a bounce back trade candidate. Not suggesting it would have gone to the moon, but maybe a push back toward 10p-11p, and some consolidation there before the market thinks about the next move. It was a struggle to get above there before.

So now I'm sat thinking: "Isn't it just safer to wait for the all clear?". I mean: "If you have allegations and cash shows like this, can you keep that side clean from the company side?".

Do people who behave in such a way usually separate the two?

I am not sure enough to take a position - way beyond my risk tolerance. However, if there is an all clear, then this could be worth a look in. It is hard to say where the price settles in the meantime though.

If volumes fade off here with the price at around 6p/6.5p, maybe the market makers go 7p-8p if there is an all clear. On the flip-side, clearly it won't be a nice bid price if there is bad news, with selling closed off quickly at price points and little volume pushing the price down.

I'm curious enough to watch how this plays out. Always said in the past that we don't learn from the clean companies.

Hanging around alot of bad smell suspect one's of late!

But let's see what happens and if there are any learning points here.

All imo
DYOR

[philjeans] 23/12/2024 08:26

Getting noticed - miles to go!

[starpukka] 21/12/2024 00:08

Yes the figures look good but the fact that the fraud investigation is ceo-and not company- specific, didn't stop the share price crashing initially. So, it all seems precarious to me.
Further fraud disclosure or charges brought would surely drop the price again ? No suggestion of ceo resigning or being sacked yet ?
And isn't it most likely that others are found to be involved ? I'd be surprised if he is a one man band in all this.
"Oh what a tangled web we weave, when first we practice to deceive".

[rivaldo] 20/12/2024 09:42

Very good H1 results, setting up OPG for a massive beat of what now look like very conservative forecasts.

The H1 £4.3m PBT means OPG only need to make £0.8m PBT in H2 merely to meet forecasts of £5.1m PBT and 1.2p EPS.

Cavendish have a 28p target price predicated on their forecasts, so there must be decent further upside on a beat.

The £22.3m net cash is more than the current m/cap! Of course this may or may not be an unusually high balance due to payment schedules etc, but the £4.5m forecast year end cash pile also now looks seriously underpowered.

Particularly as coal prices - OPG's main cost - which rose in late September/October have plummeted in November and December to their lowest levels since March:

[philjeans] 20/12/2024 08:56

Huge potential here. Underlying business is strong and improving rapidly.

If CEO has to go - so be it.

OPG continues making money hand over fist!

[igoe104] 20/12/2024 08:44

Its not company persific, as said in the RNS. Its against the CEO.. otherwise the company would have been suspended,...

Massive upside potentially,

[bubloo] 20/12/2024 08:40

would not touch with a bargepole as enforcement directorate of India investigating. the enforcement directorate in India get involved only when they have clear incriminating evidence. ED Investigations in India in past have crippled companies.
based on numbers looks good value but good chance the investment may come to nothing.
be warned

[igoe104] 20/12/2024 08:01

Market Cap only £20m V Assets of £130m & £22.3m cash in bank .

All whose you recently who gave their shares away for peanuts are going to regret it big time...