Opg Power Ventures Share Discussion Threads

[nathandc] 22/5/2020 10:48

Debt being paid Cost of coal decreasing Tariffs increasedContracted Demand Path to normality post C19 - more demand So far the board have executed what they committed tooThe inflexion point is looming Re-rating has to be on the cards - 2020

[dave4545] 22/5/2020 10:38

Guessing when the mm's clear the overhang this will return to 20p

I can buy 150k online at 12.73p, there's been some decent buys. If it looks like clearing later I will add more, if not I'm happy hold what I have

[misterm89] 22/5/2020 09:42

Who needs BIG companies like BP, ExxonMobil and Chevron? Why take the risk with these companies that have clearly lost communication between employees and money due to the sheer size of there assets. They're all stuck; and they cannot continue to afford storage of mass amounts of oil! Do you really want to invest in a Major oil company now? When jobs could be cut in the near future? Is that morally and ethically a sound investment?....... The answer is NO! You want to be in your back garden with a pint of FOSTERS and INVESTING in the UNDERDOG, the company that's like a small FAMILY with nothing but good intentions! Whilst watching the hit 80's show DALLAS on a Wide-screen TV. ;)Fact: 1) 70% less than what it's valued at2) 300k Asset sold and focus on more profitable location (Stanley 4) money is in the bank within 28 days3) Oil was at an all time low, and slowly, buy surely is steadily back on the rise!4) This company HAS NO DEBT!5) Once COVID 19 has come to an end people will be back on the road! And Your investment should see a return6) all companies have a financial risk factor.3)

[azalea] 22/5/2020 09:32

The rise of the Phoenix?

[thirty fifty twenty] 22/5/2020 07:58

quite a lot of detail in the OPG update I thought.
best news was their forecast to add 4.5p to equity with debt reduction
(this is before any CASH benefit from sale of the solar assets!)

so for me in FY 2020:
t/o was 140
COS 91
GP = 49
expenses = 14
EBITDA = 36m

my workings for FY 2021:
t/o was 120 (based on 10% reduction in power and 5% lower prices)
COS 75 (based on 10% saving, on 10% lower volume despite market prices down 20%)
GP = 45
expenses = 14 (unchanged)
EBITDA = 31m

so roughly EBITDA will be c.20% lower for the year.
so this allows them to meet the 16m debt reduction they fcst.

debt currently 56m but (per the RNS) will reduce to 40m in FY20
and then debt/ebitda reduces below 2 times!! i.e very normal
yet MC is only at 1.5t EBITDA

I see , time is our friend here,
as time goes by debt reduces (even in CV19), thus adding to the value of the equity. to me it doesn't matter when the debt reduction happens i.e. 3years or 4 years but at some point their will be a tipping point in market perception and then a very large re-rating will happen. no idea how market will react today though!

there are risks. Gupta might take private. But also he might sell out
(at 8t EBITDA would be 60p). I am holding for longer term.

All IMHO DYOR + BoL
OPG is in my top5 hldgs

[igoe104] 22/5/2020 07:57

Cenkos have a new 7 page note.

Cenkos: OPG Power Ventures Plc -- Powering up


OPG delivered a robust operational performance in FY20. Free cash flow generation enabled scheduled term loan repayments to continue. COVID-19 has caused power demand to significantly decline and lockdown has been extended to 31 May 2020. Despite this the long-term fundamental drivers supporting the power production sector remain compelling.

[igoe104] 22/5/2020 07:53

The stigma of a lot of other poor Indian investments around are holding these back. a fair price should be over 30p for these. Lack of trust for Indian companies are holding these back.

[dave4545] 22/5/2020 07:38

Good update considering c-19

[jailbird] 21/5/2020 23:43

Yes been a scam for years
How the BoD got away with it , is beyond me
The market is easily rigged and scammed

[igoe104] 21/5/2020 20:57

Don't talk to me about MPL, they were supposed to have a port up-running years ago- they still haven't built 10% of the port yet. its a complete scam.

[azalea] 20/5/2020 12:00

ali47fish
What do you not understand?

[ali47fish] 20/5/2020 09:34

azalea don't understand

[andycapp1] 19/5/2020 21:50

Oh yes the dizzy heights rescaled Flowerpothead! Not!

[azalea] 11/5/2020 16:37

Electricity is the lifeblood of all industrial nations. After scaling the dizzy heights of 110p, could this be one of those fabled stock market Phoenix's that rises from the ashes.

[nathandc] 11/5/2020 14:52

Hopefully some life coming back India starting to resume partial travel and work ...

[tole] 11/5/2020 12:49

And a bit more interest here today. That 250k @ 11.5 looks like a buy going by the time traded. If this can pop that 12p it should move quickly back to test 14p imv.

[jeffian] 07/5/2020 23:08

And it was nice and sunny, too.

[azalea] 07/5/2020 16:17

Volume today twice the 90 day average.

[tole] 07/5/2020 14:45

Edging up a bit with a little higher volume the last few days.

[nathandc] 01/5/2020 18:37

The results will make interesting reading when announced.Positive will be the debt repayments and increases in tariffs last year carried forward in the numbers. Opg hedged coal to March 2020 - the coal price has reduced by >30% - this should offset some of the impact from C19 going forward.Unknown's will be the revenue impact % for C19 most of it will be reflected in Q1/ 2H figures. No news on consumption business vs consumer. Any news at this stage would be well received -

[tole] 27/4/2020 16:29

Hadn't checked the online limits of late.. were those reported sells actually buys? Price pushing up a bit now.

[tole] 07/4/2020 14:24

Have added a few from here

[azalea] 31/3/2020 10:55

Tick tock.

[tole] 28/3/2020 11:30

Would think this news was as expected and already priced in at this level. Demand will pick up again soon.. and most likely increase when the industries go back