Opg Power Ventures Share Discussion Threads

[jailbird] 28/10/2022 20:47

Yes good to know it was a known sell Maybe have well ended higher if it was not for your sell :-)

[dave4545] 28/10/2022 09:39

basem

Like your honesty, hope you are not selling the jewels to cover the dogs :-))

[tim000] 28/10/2022 09:32

The company makes great play of the fact that thermal coal prices will moderate in the medium term. That’s partly because coking coal miners can switch supplies (to some extent, eg PCI coal) from steel manufacturing to power generation to take advantage of the unprecedented price premium in the thermal market. Extra supply will ultimately depress prices. However, electricity prices would also weaken then. The more important point is that OPG is apparently one of the least indebted power generators in the country, due to OPG targeting deleveraging in recent years. That means they’ll be cost competitive whatever happens to coal prices. And the industry needs high power prices to generate the capital to supply strongly growing power demand as the Indian economy grows. Finally, green energy is not reliable - coal power generators will play an essential role for many years.

[basem1] 28/10/2022 09:13

Sorry guys - I am having a bad week and needed to liquidate some of my position Not an easy decision to make but done now

[dave4545] 28/10/2022 08:22

Ah thanks tim !

Still a desperate sale whoever it was

[tim000] 28/10/2022 08:20

The buy was mine, I haven’t sold any, just a coincidence.

[dave4545] 28/10/2022 08:19

wow 175k sale at 6.57p

Remember the 175k buy on Wednesday at 7.185p

blimey

[jailbird] 27/10/2022 22:34

I am waiting for the MMs to move higher on the bid before some more I think we may get that move after the AGM next week

[dave4545] 27/10/2022 16:49

Just a shake this afternoon flushed out a few traders

[basem1] 27/10/2022 16:22

Thanks jailbird I got a bit carried away at 7.15p thought the overhang was clearing and bought a few hundred thousand

[jailbird] 27/10/2022 16:20

I truly believe there is little risk at these levels . At 15- 20p I would not be so brave to buy.

[tim000] 27/10/2022 16:19

A trading update in May stated that the company had signed a fixed price coal supply agreement with an Indian supplier for 130k tons per annum for 5 years, at a price significantly below international market prices. That was estimated to account for 25-30 per cent of total coal requirements for the current year. Meanwhile output prices increased 63% in the first five months of FY2023 compared with the FY2022 average. My guess is that cashflow in FY2023 H1 has stayed at roughly the same level as a year earlier, while NAV per share has increased sharply due to the aforementioned benefit of a weaker sterling exchange rate.

[basem1] 27/10/2022 16:08

They didn't let many go at 6.8 Pleased with that as i am a little nervous about my position here

[dave4545] 27/10/2022 14:48

Games Wins now switch to bid.

Can nobody hold a stock now ?

[jailbird] 27/10/2022 14:38

All change

[dave4545] 27/10/2022 14:25

Any sale Wins drops again now 6.9p with next offer 7.5p on L2

[jailbird] 27/10/2022 09:55

Not sure that is their plan still in the short term.

[saint of advfn] 26/10/2022 20:58

Indian and Chinese companies. GOOD luck.

Administration in 12 months' time.

[saint of advfn] 26/10/2022 20:56

The chaser will selling at loss here, the scammer will lie to people to defraud them. That's how this scammer operates.

[saint of advfn] 26/10/2022 20:51

Nail to the cross. Amen

[saint of advfn] 26/10/2022 20:51

Nail to the cross. Amen

[bubbabubbabubba] 26/10/2022 20:21

Yes but we will need to reinvest in solar assets