Opg Power Ventures Share Discussion Threads

[andycapp1] 04/10/2021 11:33

And Goldbug you think their corp governance is flawless do you? If it were, if the mkt wasn’t concerned, the shares would be much higher. Why do you think they trade at such an enormous discount to intrinsic value?

[andycapp1] 04/10/2021 09:09

Because he has flouted good governance continually; look I don’t disagree OPG is cheap relative to cashflows/intrinsic value but that gap won’t close because there is no tension. Institutions won’t buy it. It’s coal and you are buying into a minority where your likely only tension or value realisation is a take private at value unknown but certainly not intrinsic value or indeed a premium.

[the original goldbug] 02/10/2021 09:36

Your stains on Gupta’s character are unfounded and I would have thought possibly even risky for you, given libel laws etc.

The fact of the matter is that Gujarat has killed this business. The debt hangover relates to Gujarat is still in an ‘optics’ issue given that Chennai cash flows went to finance Gujarat for some years until they pulled the plug on that.

[dave4545] 02/10/2021 09:13

andy

Firstly I agree never trust anybody.

But why do you hate this guy so much. What has give you grounds to turn him into the arch criminal that will run off with company on the cheap, btw I know it happens I'm still trapped in Oct and he is a crook.

[chalky] 01/10/2021 16:36

at these levels he hasn't got to find a lot of money

[andycapp1] 01/10/2021 16:16

Trouble is when the debt is cleared then what? You are utterly beholden to Gupta who can do what he wants. My guess has always been that he degears it then takes it private at nominal premium. He could use threat of delisting leaving shareholders stranded. So you can conjecture all you want but simple fact is you have no say. Over anything!

[dave4545] 01/10/2021 14:58

£10k buys keep coming and so is the seller by the looks of thing

12.8-12.997p online nice spread.

[dave4545] 01/10/2021 14:51

I'd prefer clearing the debt to any tiny dividend that makes little difference to the bank account.

Just think andy, they were down to around £15 mil net debt, by now they might have cleared it all as it's 6 months since those numbers yesterday, all that cash flowing into the bank next year, might get bumper dividends.

Yes the coal prices are soaring but I think that will be offset by the extra profits from the increasing turnover again.

Good to have both way views.

[andycapp1] 01/10/2021 14:45

But:

It’s coal and no institution wants coal
It’s track record is simply dire and despite your “amazing profits” assertion no dividend which is pathetic
You are a distant minority in a minority with wretched governance

So why buy it?

[dave4545] 01/10/2021 08:08

12.69p for size at the open

Wonder how many the seller has, certainly creating great value entry for today's buyers assumming we will have a lot of nibbles.

[dave4545] 30/9/2021 18:08

At least we know why it did not move much today.

450k, 250k and 100k sales at 12.5p

When the seller is out completely it will motor, until then everybody buying gets the best bargain on the market.

There will not be another stock close to these numbers.

[dave4545] 30/9/2021 16:18

12.66p offer now

Incredible eh. If I kicked a can over and a genie popped out yesterday and told me OPG would announced £21.6 mil profits and net debt slashed £35 mil+ I'd have went for possibly the top % riser today and at least 30% rise

It's went from 12.25p offer best price to current 12.555p bid

[dave4545] 30/9/2021 15:19

12.8p offer now

Clearly a overhang today because there's hardly been a sale all day and most of the volume is buying.

[dave4545] 30/9/2021 12:14

Of course.

This is mental, this is what is wrong with these markets now.

You get some stupid tech stock turning over say a million, losing a few million burning millions and it's worth the same as this.

I cannot believe you can still buy for 13p atm

[qs99] 30/9/2021 12:11

hopefully dave

but capitalised at c.£50m per advfn and nearly debt free, chucking off this sort of cash and EBITDA, should this not be 20-30p of value at least?

DYOR
Cheers
QS99

[dave4545] 30/9/2021 10:08

KS

Broker has forecast 2022 turnover to recover a little to £110 mil from £93.5 mil that was forecast for today's results

So perhaps the increase there will offset any increase in coal prices.

[king suarez] 30/9/2021 09:19

Great results, but how will they be getting on at current coal prices - thoughts?

[tole] 30/9/2021 09:04

Have also added more fwiw.https://www.proactiveinvestors.co.uk/companies/news/961795/b90-holdings-takes-a-successful-gamble-on-norwegian-deal-961795.htmlAlso heading higher is OPG Power Ventures.Shares in the the developer and operator of power generation assets in India are up 5.28% to 12.37p after it reported an increase in full year profits from £14.5mln to £21.6mln.Chairman Arvind Gupta said: "We are proud to report that OPG was comfortably in line with full year market expectations despite the disruption caused by COVID-19 and unfavourable market conditions. OPG delivered very strong cash generation and achieved a significant reduction in debt during the year."The company said that while challenges to the economy would continue in the current financial year - not least rising coal prices - it has "strong foundations, allowing us both to manage the ongoing COVID-19 situation and to pursue growth sustainably. The company's medium and long-term fundamentals remain unchanged with strong cash flows and a reduction in debt enabling the long-term profitable business model, responsible growth and sustainable returns to shareholders."

[dave4545] 30/9/2021 08:30

I'm in total shock the mm's are allowing people to buy size at 12.3p levels.

I just assumed it would be north of 15p by now.

What a incredible value stock.

If it's a overhang then take advantage because when it clears this will race up and have a strong run for a week before it starts to drift again. Medium term it should be 25-30p

[igoe104] 30/9/2021 07:49

Yes, looks like the debt will be cleared this coming year. Lots of upside from these levels.

[dave4545] 30/9/2021 07:07

Jeez just how amazing are those results on that drop in turnover.