Opg Power Ventures Share Discussion Threads

[dave4545] 21/2/2020 14:23

Normal service resuming

[dave4545] 18/2/2020 11:25

Nice buy at full offer 18.75p for 133k

And people sell after that trade...baffling...mm's happy though

[andycapp1] 17/2/2020 14:51

No 5x PER is about right but EV/EBITDA is a bit cheap. Remember it’s a single asset, we are a minority and the CEO is terrible. But it’s a bit cheap.

[dave4545] 17/2/2020 11:52

17.5-18.5p

17.905p bid for size and 18.48p offer online

Only a matter of time before it hits 20p.

per of under 5 miles too low

[dave4545] 14/2/2020 16:11

Dropped the bid on a £900 sale

Laughable

Loads of £9000+ buys today no movement

[rivaldo] 14/2/2020 10:14

Good to see the bid price up to 18p now. Hopefully this is now (finally and deservedly) the start of the re-rating.

Tole, I haven't yet seen any new note from Cenkos.

[andycapp1] 14/2/2020 10:06

Sh1t me not flowerhead. You still coming up with these investment gems. Hope the tablets are working.

[azalea] 14/2/2020 09:25

If the virus related widespread closure of industries in China which has led to a significant fall in demand for oil and petrol, is repeated for coal, then it too should see a significant fall in prices.

[dave4545] 13/2/2020 19:32

Thanks, think it evens itself out in the end

[tole] 13/2/2020 19:24

Thanks..Looks good. First glance plenty of great picks/trades on there.

[tole] 13/2/2020 19:07

May I ask. What twitter handle are you posting on btw?

[dave4545] 13/2/2020 17:41

Maybe it's twitter

I mentioned on twitter it is extremely cheap and a lot of pi's wait for a stock to start moving before piling in so once the bid went up everybody got stuck in.

[sphere25] 13/2/2020 16:07

That smells of a tip. Stream of buys like that in a stock which is usually light on daily volume stands out like a sore thumb.

It's exactly like when Simon Thompson tips. Many literally have no daily volume all morning and then BANG, an absolute barrage starts hitting the book at lunch time - makes it very easy to spot.

[rivaldo] 13/2/2020 15:58

Nice sudden move up this afternoon. Clearance of an overhang?

[dave4545] 12/2/2020 11:11

Surely it's got to be around 3.5-4.5p EPS, debt getting smashed into it as promised.

These type of stocks tend to get re-rated in the end.

A modest PER of 8 is 28-36p and some people are still selling below 18p

The mm's have finally opened their offer shop now, you can buy for 18.1p

[tole] 12/2/2020 11:07

I've been picking up quite a few at 16p. Happy to tuck these away. Nice to see a delayed reaction to yesterday's update. Have cenkos released any new note yet?

[dave4545] 12/2/2020 10:28

Now NT at 18p too, finally a squeeze, possibly a big delayed buy that took out the book and size on the offer.

Somebody had to resort to paying numerous 5000 buys which was the max at the time, at least they were getting under mid price to offset the charges.

[dave4545] 12/2/2020 09:54

Weird they were offering size at 17.225p I just went to add more and now it's NT to buy ???

[rivaldo] 12/2/2020 09:46

Indeed - the P/E of 4 reflects past mis-steps.

But now the company has performed solidly for a while, is paying a dividend in the form of scrip shares - fine by me - and has a clear strategy for progress.

And macro factors in India seem to be lining up in OPG's favour.

I suspect a re-rating will happen sooner or later, and I'm happy to be in for when it does.

[andycapp1] 12/2/2020 08:51

PER reflects past disappointments, current management and minority and lack of tangible return. All v well getting shares for a divi but why don’t they actually return cash - they can - and why don’t they adhere to good corp governance - they don’t! That’s why the rating is terrible. Oh and they pollute but hey that’s a sideshow.

[dave4545] 12/2/2020 08:49

Should be over 20p easily and should be trading at 30p+ sometime this year

[rivaldo] 12/2/2020 08:45

The CEO presented yesterday afternoon at the Cenkos/Shares conference in Islington.

It went very well imo. He laid out the simple and clear strategic plan (as pointed out by beangrinder above), and noted the P/E of only around 4 and the swift and continuing reduction in debt and therefore finance costs.

In particular, both at the stand and in the presentation, there was a feeling that the environmental standards previously referred to may be lessened/diluted, leading to a reduction of costs for OPG against forecasts.

With main input costs hedged to around 60%, EBITDA should continue to increase nicely.

I've bought a few more and am also happy to wait for what could be a substantial re-rating and collect more shares in the form of scrip dividends to benefit from the re-rating.