Opg Power Ventures Share Discussion Threads

[bubbabubbabubba] 23/2/2022 10:03

Wait apologies reading it wrong haha

[bubbabubbabubba] 23/2/2022 10:00

But its a very dull announce tbf calculated revenue over £100 million unless my math is wrong rupee going the wrong way which is unfortunate No update on coal pricesStill confident maybe I'm a sucker

[bubbabubbabubba] 23/2/2022 09:57

Nah revenue up 15 yoy

[jailbird] 23/2/2022 09:08

Not great , less revenues, profits than this year , impact of coal now having a negative impact

[bubbabubbabubba] 23/2/2022 08:15

Not sure what to make of that update

[jailbird] 19/2/2022 12:09

more news on Coal



State-run miner Coal India Ltd. warned production of the fuel may fall, risking new threats to the nation’s energy supply, if the company isn’t able to raise prices.


The world’s largest coal producer is facing cost pressures from a looming rise in salaries and on higher prices of diesel used to power mine equipment. Some of the company’s units are finding it “difficult to survive without a price hike,” Chairman Pramod Agrawal said on a call with analysts.


Raising coal prices included in long-term supply agreements would require backing of the government, which weighs the impact of higher rates on the country’s inflation and broader economy.

Agrawal’s warning comes with Coal India still under government pressure to maintain supplies of the fossil fuel, which the country relies on for about 70% of electricity generation. Coal inventories at power plants tumbled late last year as mine output fell, triggering power outages and supply curbs.

While coal reserves at power plants have risen from a low in September, they are still only about a third of an April 2020 high, and power demand will increase as India approaches summer.

Coal supply at India
A “price hike should take place immediately, it has become very urgent for Coal India,” Agrawal said on the Thursday call. “Otherwise, coal production in the country will suffer.”

Coal India expects to supply 670 million tons in the fiscal year ending March, almost 17% higher than a year earlier. For the following 12 months, the company has set a shipment and production target of about 700 million tons.

With efforts to replenish stockpiles for electricity generators being prioritized, other industries are complaining of supply shortfalls. Coal reserves at power plants used by aluminum producers are at an average of three to four days, down from a typical level of 15 days, according to the Aluminium Association of India.

[bubbabubbabubba] 09/2/2022 09:27

Yea just weird how they cancelled the media meetingIn the news China are building a 1.1 billion quid coal power plantIt's crazy how they don't care Coal staying for years to come

[dave4545] 08/2/2022 18:39

I've just checked, yes the trading update was at the end of Jan last year but the two previous ones were the 11th and 28th of Feb so seeing as it's the 8th that means we'll probably get one anytime now and next 2 weeks so no panic there is there.

[bubbabubbabubba] 08/2/2022 17:43

We would of usually had a 9-month trading update by now but not had one They also cancelled the media meeting today, which is kinda alarming maybe something major is going onFor better or worseIf they were to sell the company, anything above 30p is good value imo

[dave4545] 04/2/2022 15:10

Imagine that, profits to jump in OPG. Could end up a £40 mil stocks making £30 mil lol

Lets hope this is the bottom and all the stale sellers are out now

Still easy to buy though around mid price 10.77p

[igoe104] 04/2/2022 14:18

You will think now that the Chinese are converting from coal to gas, that the price of coal will significantly fall over the coming years. Should be good news for Opg power.

[dave4545] 01/2/2022 10:34

All 5 mm's in this are on 10p bid and 10.28p bid online is best.

2 offer 11p, 2 at 11.5p and one 13p so mm's have very different spreads

Online offer is 10.554p so pretty good spread is way better than the monitor

[altras] 31/1/2022 20:35

@Bubba
Thanks, I have a fairly concentrated portfolio of 5 stocks. One was a punt so will sell once that's back in profit after this dip. The other 3 (excluding OPG) I can easily see myself holding for the next 10/15 years but not OPG.

I thought mention on the divi was vague; and that, I believe would help the price (We have been languishing at these levels since 2018). I have it on my spreadsheet from 2019 that divi should resume in 2023 ( I think that was mentioned back then in 2019 but don't quote me on that).

I missed the specific mention of Hydrogen... but working in automotive I believe there could be a case for it. I do not believe we will be jumping directly from ICE to EV. Even my company is hedging its bet and researching fuel cells alongside EV. As for how this split will look in the coming years I am not sure. Also, working with many Indians in Tech over the last decade; many are now able to afford cars and that number is only increasing year on year. If the Indian government should decide to favour the Hydrogen route in transportation then OPG looking into Hydrogen might not be the worst idea.

Like you my view is to see what the direction is when debt is reduced, what they decide on divi, and plan for transitioning to renewables (Even though I can see them running coal for the next 10/20 years meaning company still being disliked - lets see).

[dave4545] 31/1/2022 19:08

Decent buys today

I know OPG is bumping along all time lows but some see it as a chance to get size at incredible prices like the 200k buy at 10.4p

[bubbabubbabubba] 31/1/2022 18:20

I see myself holding for 5 years and collect dividends as long as they fully pay debt off on time and there is a clear path into renewable energy

And of course if there renewable energy projects make sense and aren't too far fetched I like wind farms and solar parks not the biggest fan of hydrogen which the CFO talked about in the investor presentation

[altras] 29/1/2022 10:20

Can anyone see themselves holding this company for the next 15 years?
Is the general sentiment to sell out and look for better investments once this has a decent uptrend, say maybe to 20/30p (as I suspect most holders got in the teens or 20s?

[jailbird] 28/1/2022 06:39

Further to concerns about coal prices https://uk.investing.com/news/commodities-news/global-coal-prices-surge-as-ukraine-tensions-worsen-supply-woes-2573603Dave - You have called this wrong for a very long time AndyCapp - you have called it right several times

[dave4545] 21/1/2022 10:49

I often think when the markets are grim stocks like OPG go on a run as value tends to stand out.

10.6-10.96p the mm's have mopped up a lot of selling last few weeks

[tole] 16/1/2022 13:12

The write ups dont move the market.. although Wild as well as Hargreaves are generally well thought off imv.Just nice to see Opg get noticed and get given a mention for once.

[dave4545] 16/1/2022 09:54

Still going to be crazy profits next to that low market cap though.

Expectations are a pain with stocks. A stock worth £50 mil expected to make £5 mil but makes £7 mil shares soar

Stock like Opg expected to make £15 mil makes £12 mil shares tank even though it's still making way more than the other company.

Does this Royston Wild move stocks then ? will there be a rush first thing in the morning ?

11p does seem crazily low for this stock

[tole] 14/1/2022 19:16

https://www.fool.co.uk/2022/01/14/4-penny-stocks-to-buy-in-2022-2/A high energy UK shareI believe strong economic progress in India might supercharge shareholder returns at OPG Power Ventures. Urbanisation and industrialisation in the Asian nation is growing rapidly and, as a consequence, so is the energy that this power station operator provides.The company's latest update showed Indian energy consumption rose to 100.42 billion units (BU) in November. That was up from 96.88 BU and 93.94 BU in the same months in 2020 and 2019 respectively.A word of warning however. Profits are taking a hit due to higher coal and freight prices at present. This is a problem that could resurface at a later date too.

[jailbird] 04/1/2022 20:37

Indo export coal ban will put pressure on prices As well as being China's largest foreign source of coal, Indonesia is also an important supplier to India and south-east Asia. The country provided a record of more than 21m tonnes of coal to China in September, up from 17m in August."The move could potentially have knock-on effects in China and India, which are the usual destinations for Indonesian coal," said Warren Patterson, head of commodities strategy at ING.