Opg Power Ventures Share Discussion Threads

[jailbird] 02/11/2022 11:18

Yes Just seen a 500k buy @7.1p now , not delayed either Think overhang will start to clear soon

[basem1] 02/11/2022 11:16

In English is that a positive Jailbird ?

[jailbird] 02/11/2022 11:14

Apparently I should say about WINS as we saw SCAP was selling tooNot as transparent as one thinks

[jailbird] 02/11/2022 11:12

L2 2 v 1 now Cenko has joined SCAP on bidWINS has a few more on 7.2p ask

[dave4545] 02/11/2022 10:18

Same usual moves on L2

Wins on the offer, Cenkos doing the pushing and most of the time the other 3 do not play.

Shore, Singer, Peel all 6.5-7.5p rarely interested.

[basem1] 02/11/2022 10:12

Is our seller cleared ? Anyone with Level 2 able to see

[jailbird] 02/11/2022 09:56

Thanks Tim000Got to admit it confuses me how to calculate coal prices costs I guess it will be the average cost if you consider both here which we cannot know as have no details .

[tim000] 02/11/2022 09:07

Average price of purchased coal in FY2022 was R5460 per ton. Coal India has recently e-auctioned 90 mn tons @ R4400-4500 per ton. Has OPG managed to buy any of that coal? Interims might tell us.

[tim000] 02/11/2022 07:43

They have a £13.4 mn debt to be repaid before March 2023, the sale of the solar assets I imagine will finance that debt.

[dave4545] 02/11/2022 07:17

Results in around 4 weeks too.

They might announce the sale of solar assets too which means more money for buybacks.

Tbh with top 2 holding 60-65% it's not going to take many buybacks to get this moving

[jailbird] 02/11/2022 06:20

The Co has initiated buybacks before I see . So very much depends on their balance sheet if they do . Think last time the Co stopped because coal prices become too high and debt payback was prioritised Anyhow , I expect the Co believes it will have sufficient cash to do this at some point . Just wait to see when hey kick off the first buyback The authority conferred to make market purchases will (unless previously renewed or revoked) expire on the earlier of the next annual general meeting of the Company and the date being eighteen months after the date on which this authorising shareholder resolution is passed. t

[tim000] 01/11/2022 22:34

Just in case this hasn’t been picked up, while coal prices remain elevated OPG will only generate electricity if it results in positive cashflow. So power output levels and cashflow are dependent on its skill at procuring coal cheaply. It helps that Coal India (the main domestic supplier) claims not to have increased prices for four years, although reports indicate an inevitable shortage of domestic supply. Competitive e auctions for its coal result in much higher prices than when Coal India has contracted fixed price agreements with its customers. (However, reports indicate that successful bidders in the e auctions can still flip the purchased coal by selling it on overseas at much higher prices.) Again, there is very little clarity as yet as to how successful OPG is at procuring cheap supplies. But it has announced recently signing a 5-year fixed price contract for 130k tons pa of domestic coal at well below current international prices. Also, strong industrial demand for OPG’s electricity has been associated with a y/y price increase since March of over 60%.

[tim000] 01/11/2022 16:50

I’ve constructed a P/L account for the six months to end-September, including the cost of coal. But it’s largely guesswork, the company gave coal costs per ton in the latest annual results but nothing since then. The company has stated in a normal year it consumes about 1.67 mn tons of coal, but power generation this year is going to be probably less than half normal levels, with a corresponding reduction in coal consumption volumes.

[jailbird] 01/11/2022 16:31

I think they have been doing that But just trying to understand by how much the current coal costs have reduced

[dave4545] 01/11/2022 16:23

jailbird

I'm not sure myself but I do recall reading they could now pass on price increases to customers, will have to try and remember where I read that.

[jailbird] 01/11/2022 16:05

Ok found a better analysis From 2020, so what des that equate to today with current currency and coal prices Coal and Freight costsThe average landed coal price was £48.07 (Rs4,325) (at a INR/GBP average annual exchange rate of 89.97 INR/GBP) per tonne in FY20 (FY19: £49.30 (Rs4,513) at a INR/GBP exchange rate of 91.61 INR/GBP).

[jailbird] 01/11/2022 16:01

I found this old statement but not sure how to equate it to current coal prices From 2017The average landed cost of coal was Rs4,236 (£49) over the period, compared with Rs3,552 for the full year to March 2017. A Rs100 change in the price impacts the group's annual cost of coal by around £3.5m.

[jailbird] 01/11/2022 15:57

DaveWe have coal , China coal and Coal India , which one do we use then for our workings ?

[jailbird] 01/11/2022 15:41

Good find Tim000

[dave4545] 01/11/2022 15:23

Coal price down sharply in a few days. Still a long way to go.



Usual action on L2 Cenkos v Wins.

Cannot believe how quiet this is after the votes.

People are chasing up garbage to the moon, bust companies but nobody wants stocks
making money and lots of it.

[dave4545] 01/11/2022 14:08

2 mm's have moved up on no trade which I find interesting.

Anything delayed would have to be a decent size.

[dave4545] 01/11/2022 11:53

Going to be fun when all the pi's want to buy in at double the current price but nobody wants to buy right now eh

[jailbird] 01/11/2022 11:41

All resolutions passed at AGM 6. To authorise the purchase of ordinary shares in the Company;- The maximum number of Ordinary Shares thereby authorised to bepurchased is 15 per cent of the Ordinary Shares in issue as at the datehereof with a nominal value of up to £8,836.17;

[dave4545] 30/10/2022 17:40

Lets hope this week is the big one.

Open 6.8p mid and get over 9p by close Friday

Buybacks confirmed etc etc