Opg Power Ventures Share Discussion Threads

[basem1] 26/10/2022 15:58

Given the last set of numbers Dave what do you think fair value should be. Current mkt cap is 27m GBP

[dave4545] 26/10/2022 15:53

Yep, and a 500k delayed buy.

So my money is on that pension fund selling as well. The River fund would be long out of this now.

Pension would have to notify the market now if true of them going under 3% if so

[jailbird] 26/10/2022 13:57

Just seen 750k sell from yesterday show up There u go

[jailbird] 26/10/2022 13:43

Just seen 750k sell from yesterday show up There u go

[dave4545] 26/10/2022 12:03

My OPG thread is free of all of bad robots multiple accounts and there is hundreds so join me there please

[saint of advfn] 26/10/2022 10:32

Nail to the cross. Amen

[jailbird] 26/10/2022 08:31

Thing is the other MMs are on 6.5p as well , actually with wider spreads between bid/ask than WINS Not clear which MM has the stock , Not always obvious as you think .Need another MM to move to the bid to make it more interesting

[dave4545] 26/10/2022 08:20

No but they have been doing this prior to yesterday.

Just made me think they were out but somebody has bought 175k at the bell and Wins are still not budging

[jailbird] 26/10/2022 08:09

Does not have to be reported daily does it Could be a large worked sell order reported days later ?

[dave4545] 26/10/2022 07:47

Weird there was no big sale yesterday especially after all that buying.

If the top 3 holders are not selling then this should move today because nobody else holds enough stock to supply the mm's.

[tim000] 25/10/2022 17:53

Many II’s won’t invest in coal nowadays, whatever the fundamentals. It’s possible that the buy back policy is being implemented to clear such a seller, maybe at an agreed price. That would be great if it were true, as after the buy back the company’s NAV per share would increase significantly.

[dave4545] 25/10/2022 10:02

Far as I'm concerned here I'd prefer the seller to be down to their last dregs but if it is a bigger seller OPG themselves will clear it with buybacks when they get the vote next week.

[jailbird] 25/10/2022 09:59

Dave Like to see other MMs move up from 6.5p . AGM on Tuesday next week Markets , bonds and gilts have come back down to levels before disastrous mini budget . So looking much better for risks related to pensions Sunak is the right man at this time

[dave4545] 25/10/2022 09:33

Guess this is D-Day jailbird

550k bought in big chunks, if this continues and Wins does not clear then it could well be that Pension Fund who is selling.

Cenkos seems to be taking some of the action too so not all buys goes to Wins

[dave4545] 24/10/2022 17:09

Another 200k worked then at 7p

[jailbird] 24/10/2022 15:16

Over 500k bought today .Your theory on who the seller is maybe not right ?

[dave4545] 24/10/2022 12:50

Some interest kicking in atm, might test the theory there is little stock left from the overhang, or maybe lots if no movement

[dave4545] 22/10/2022 08:50

I looked at my HL account and the first time I bought this stock I paid 69p about 6-7 years ago.

Mental stocks can trade at PER's of 1 when loss making rubbish is being chased to the moon everywhere.

I'll add it to monitor tim thanks, need more cash :-))

[tim000] 22/10/2022 07:15

OPG is an investment, it will show an excellent return if you’re willing to hold for the long term. Whether the buy back policy brings forward a good return remains to be seen. A suggestion: an equally good investment is BISI, a South African thermal coal miner, currently trading at a 2022 P/E of around one (meaning the current mkt cap will be made in profit this year). It also pays good dividends. If coal prices should recover due to a cold winter etc, BISI is an excellent hedge for holding OPG. In practice, both are substantially undervalued due to market turmoil etc.

[dave4545] 21/10/2022 22:53

wow so it's even cheaper.

I know you should not have too many eggs in one or two baskets but I think I might just do that here and buy more at the expense of some other stocks

[tim000] 21/10/2022 20:21

The AR states that in the year between 31 March 2021 and 2022, the rupee/£ exchange rate appreciated by 1.45% resulting in an exchange rate gain in the P/L account of £2.32 mn (because the value of Indian assets translates into more £). So each 1pp appreciation of the rupee was worth about £1.6 mn extra profit. On 30 September 2022 the rupee/£ rate had appreciated by a further 8% since 31 March, which using the above ready reckoner is worth about £13 mn in extra (non-cash) profit. Net assets were £169 mn on 31 March. For the interims, that could be north of £180 mn, equivalent to at least 45p per share book value.

Coal prices have fallen significantly since 31 August (the AR gave revenue-related data for the 5 months from 31/3 to 31/8). Another upside factor for profitability since publication of the AR, this one increasing cashflow.

[dave4545] 21/10/2022 13:17

Crazy this.

How cheap does this have to go

6.75-6.88p

looks like another trader has lost patience

[dave4545] 18/10/2022 10:34

Yep jailbird.

With 3 mil of straight buys at 7.3p I was wondering if somebody would give up in this market and sell again.

7.05p offer Wins on offer and they have the seller

[jailbird] 18/10/2022 10:13

Someone had enough of waiting or a T+ position expired