Opg Power Ventures Share Discussion Threads

[dave4545] 15/11/2022 07:58

Tell that to today's sellers tim :-))

Because I have no doubt a few will, imagine rising 30% instead because it's simply outstanding value, naah they will be chasing up all the loss making popular dogs.

The days fly buy though, will not be long until interims are here.

[tim000] 15/11/2022 07:55

Coaltracker on Twitter (an expert on the coal industry) says that low calorific value Indonesian coal is dirt cheap now; generators can blend it with high CV coal to reduce costs. I guess OPG is doing really well recently.

[dave4545] 14/11/2022 22:33

I have large stakes in a few stocks jailbird, all are near lows and basically struggling.



Another stock I know well is AEO it's just 6 bagged from the covid low of early 2020 so like most stocks it make a loss in 2020 and now everything is back to normal it's announced a profit of sub 900k, this is where I think OPG is super value although in completely different sectors AEO value is £8 mil, so you treble that to get to OPG value so I would treble the profit to get sub £3 mil PBT and OPG just recently made £13 mil and we have people selling every day. And this hit 21p in 2021 and people are selling this at 6.9p when it's about to make a magical landmark of eliminating net debt from a monster amount. They probably have already done it without the need to sell their solar assets given previous cash generation and debt drops in each set of results.

[jailbird] 14/11/2022 20:18

Put your money where you mouth is , so to speak :-)Dropped on higher volume of buys Noticed I could only sell under 10k shares today .It has been quite liquid both ways for some days now

[dave4545] 14/11/2022 17:57

My friend text me about that trade asking if a buy or sale and you have answered that.

Crazy these markets, no matter how good the story, how cheap the price people just cannot hold quiet stocks.

Crazy again is the price is a fraction of the price it was when it had £300+ mil of net debt.

I'm hoping this is the calm/frustration before the storm.

[tim000] 14/11/2022 17:37

Added 100k @6.95p

[jailbird] 14/11/2022 14:00

Just waiting for the signal before I add more here .Do not normally like to buy stocks leading upto Xmas, but this has bottomed already

[dave4545] 14/11/2022 10:52

And still pi's sell.

At this rate we are not going to have any pre results rise because there's just too much 2 way trade, people simply cannot hold quiet stocks anymore and the mm's know it and just sit and hold out and like magic they get the stock they sold back at 6.9p

[tim000] 14/11/2022 07:54

Hopefully we’ll get to £60 mn too in the near future. As I’ve said, profits are going to be mega in H1 due to £ depreciation against the rupee. That’s certain.

[dave4545] 14/11/2022 07:37

TLY interim profits £1 mil market cap £60 million

[dave4545] 11/11/2022 20:25

jailbird

Go back 5 years and read their results

"Net Debt GBP308m"

So in 5 years it's almost been cleared is that amazing or what.

The mm's are just not interested in pushing this. They seem happy buying at 6.93p and selling at 7.05p.

[tim000] 11/11/2022 14:43

I too think the sale of the solar assets will be a trigger. From memory, net debt had fallen to under £7 mn in March, which does not include the imminent proceeds from the solar assets. Together with cashflow from the six months to September, the cash from the solar assets will push the company strongly into net cash and provide the funding for as much share buy backs as sellers wish to provide.

[jailbird] 11/11/2022 14:43

Dave You are right of course .I was just thinking about the higher coal prices since March means the results will not be better than 6 months earlier but still profitable Once the solar assets are sold , there will be through the tunnel as debt due March will be paid off

[dave4545] 11/11/2022 14:08

You know you make it sound like they need zillions to do buybacks. £1 mil would buy 15 million shares around this level

That is all that they need.

There is plenty of cash generation for paying down debt and buybacks

[bubbabubbabubba] 11/11/2022 13:26

Need the debt paid off before anything

[jailbird] 11/11/2022 12:46

What do you guys think ?

[jailbird] 11/11/2022 12:24

I do not think the half years results will set this on fire .It's the sale of the solar assets that will . The buybacks are authorized but the timing of these will not be known until the Co has first agreed the sale of the solar assetsI am hoping to hear news on both before the end of this year

[dave4545] 10/11/2022 15:27

I always keep a check on the coal price on the link in the header

It's still dropping quite sharply now, chart off a cliff etc etc

[dave4545] 09/11/2022 15:01

Mm dropped offer on it so not a rollover

[jailbird] 09/11/2022 13:25

Dave I think it may have been a rollover

[dave4545] 09/11/2022 11:44

We had a 3 minute trader today.

Mind boggling how long people hold stocks for !

[tim000] 08/11/2022 15:36

In general, growth of the Indian economy means growing demand for power, whatever its price. If coal prices in future stay at high levels, Indian consumers of power will have to accept higher energy prices. OPG’s competitive advantages, which should ensure relatively high margins in future, are its low indebtedness and debt servicing costs, and its skill in procuring coal cheaply.

[tim000] 08/11/2022 15:30

Obviously Europe went on a buying spree after 24 February to build up stocks for the winter. That squeezed demand into a short period and spiked up coal prices. With stocks now thought to be adequate for the winter, demand has fallen back and prices are falling. Hard to say what the bottom will be, and note that prices for Indian coal are very different (ie much lower) than Indonesian coal, historically the two countries OPG has sourced its coal. Much will depend on OPG’s skill at sourcing cheap coal, and buying forward, whatever the overall market.

[jailbird] 08/11/2022 15:10

Tim000

You think coal prices have peaked now?

Do not expect $150 but continued fall lower would be great

[dave4545] 08/11/2022 15:05

Fair point.

Although it should not matter, if nobody else is buying and the price is too low then the whole idea of company buybacks is to support the price and thus increase it.