Opg Power Ventures Share Discussion Threads

[tim000] 07/11/2022 07:34

The published Representative Prices in Rupees can be used to approx convert the NCI from an index to values (ie expressed in Rupees), I'll give that a go later.

[jailbird] 07/11/2022 05:50

Tim000Is this helpful ?Scroll down too on page of link https://www.linkedin.com/pulse/national-coal-index-representative-prices-2021-2022-chawla?trk=pulse-article

[dave4545] 06/11/2022 21:35

4 weeks for interims then, if the price has not shifted by then it should on results day, historically OPG best rises are on results day and afterwards when punters see how good value they are.

[jailbird] 06/11/2022 18:53

Nice work Tim000

[tim000] 06/11/2022 12:34

If I assume NCI non-coking coal prices were equal to OPG paid prices in FY2018, I get the following figures (all in R/t):
OPG (FY18 onwards): 4525,4521,4305,4127,5460
NCI (FY18 onwards): 4525,5023,4679,4436,6283

showing that OPG consistently beats the market in terms of its coal procurement prices paid.

[dave4545] 04/11/2022 12:58

They love playing their little games

100k buy on Aqse and now Wins are pushing. When/if Cenkos joins them they will switch back to offer

[dave4545] 04/11/2022 12:21

I doubt it, I think Cenkos are just trading it, they buy a few, switch to the offer and then sell them on and make a few hundred pounds.

Then they will be pushing the bid again, all very tedious

[basem1] 04/11/2022 12:18

Ouch.......a large sell which will appear in an hour I guess

[jailbird] 04/11/2022 10:00

Yes please do

[tim000] 04/11/2022 09:43

I now realise I don't want coking coal of course, but non-coking coal! I'll redo the numbers and edit the post.

[tim000] 04/11/2022 09:38

If anyone is interested in Indian coal prices, worth looking at the latest NCI data publication of this document - goes up to September with average coal prices paid for non-coking coal:

hxxps://coal.gov.in/nominated-authority/national-coal-index

Main points:

* average non-coking coal prices have fallen from an index of 231.35 in July to 195.17 in September, a decline of 16%.

* I have converted OPG's published paid coal prices into an index with the same base year as the NCI. In FY 2022, OPG's average price paid was 121, compared with 139 for the NCI. So OPG's forward buying etc resulted in a much lower price increase than average for domestic and imported coal.

* If I assume the same discount to the NCI in FY2023 H1 that OPG achieved in FY2022, then OPG will have paid an average price of R8620 per ton in the six months to end-September, compared with an average of R5460/t in FY 2022.

* NCI coal prices in September (195.17) were 11% below this average, which on the same formula would translate to R7645/t in September.

[tim000] 03/11/2022 14:37

jailbird, I use x-rates.com, but yes I’m sure both sites report the forex markets accurately.

[dave4545] 03/11/2022 14:31

In this market the NAV could be 470 and still nobody would buy.

Put the price up 50-100% and hundreds of people would buy in within 1 hour

Welcome to the current stupid market

[jailbird] 03/11/2022 14:18

TimAre you referring to this https://tradingeconomics.com/gbpinr:cur

[tim000] 03/11/2022 14:08

Sharp fall in £/R today, unwinding most of its recent strength. NAV back to around 47p per share I estimate. Weak £ increases the £ value of profits made in rupees, and the £ value of OPG’s assets.

[jailbird] 02/11/2022 17:16

150k bought at the end .Give it time , once this overhang has churned , I am sure we will see double figures. The sale of the solar set will ensure that

[jailbird] 02/11/2022 12:14

No idea No details

[dave4545] 02/11/2022 12:02

Be nice if the 500k was a company buyback, can they start so quickly ?

[jailbird] 02/11/2022 11:25

Over 1 million buys today

[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