Opg Power Ventures Share Discussion Threads

[jailbird] 21/11/2022 11:33

Yep overhang clearing it seems .. about time Can see price moving up this week now

[dave4545] 21/11/2022 11:18

ha ha in a nice way I jinxed the above.

Buying out of nowhere, almost full offer now and 7.01p bid online which is now over mid price.

[dave4545] 21/11/2022 11:13

As I said before punters want momentum. MMAG is now 25p from 10p despite the last update not being exactly brilliant. Market cap is now the same as OPG but will they make a profit let alone a £10mil+ one we hope OPG will.

Most stocks the same, you know they will fly at some point but what will be the catalyst to start the run, we need buying volume and we have so little of it unless us regulars buy a bit of size and we cannot keep doing that.

Guess interims is D-Day

[tim000] 21/11/2022 09:33

hxxps://www.edisongroup.com/publication/are-higher-power-prices-here-to-stay/29866/

[jailbird] 21/11/2022 08:27

"think this week could be interesting ,Hopefully in a positive way"Need some volume traded though :-)

[dave4545] 21/11/2022 07:30

Cannot see how anybody that was always under 3% still having stock to supply the market after all this time.

[dave4545] 21/11/2022 07:24

Holding RNS's are rare with this one. Not been one since 2019 when M&G bought the whole Prudential stake.

[tim000] 21/11/2022 07:19

They were always under 3%

[jailbird] 21/11/2022 07:12

Morning Yes , just seen the graph Looks to me over that period when the different level of spikes occurred , about 20 million traded You would have though this fund would have cleared but has there been a RNS to see they are out or under 3%

[tim000] 21/11/2022 05:28

There was a large spike in volume at the time of the Russian invasion of Ukraine. Do we know if there were any large sells at that time, which could be attributed to Premier Miton?

[tim000] 21/11/2022 04:40

Cenkos publish research notes on OPG, last note is dated 3 October 2022 after publication of the annual results. Worth signing up to get access to these notes. I might even contact the OPG analyst.

[tim000] 21/11/2022 04:05

Assuming James Smith is the only seller, we are doing the work of the buy back policy ourselves. A smaller quantum of buy backs ultimately implies more cash devoted to dividends. And PIs like stocks that introduce dividends, see CASP for example.

[tim000] 21/11/2022 03:58

So the fund manager appears to be selling because he cares more about his own green credentials than the returns to his investors. Note the fund has planned to liquidate its holding since at least before August 2021, and it held 9mn shares at that time.

[tim000] 21/11/2022 03:53

You can probably find the article by searching “Edison Are higher power prices here to stay? Premier Miton Global Renewables Trust 31 August 2021”

[tim000] 21/11/2022 03:51

I’m almost certain now the seller is the Premier Miton Global Renewables Trust fund run by James Smith. I’ll post a link later to an Edison article which talks about the Fund, and states that it plans to sell out of OPG because of its reducing exposure to renewables. And OPG no longer employs Edison to promote the company.

[jailbird] 20/11/2022 22:13

I think this week could be interesting ,Hopefully in a positive way

[jailbird] 20/11/2022 22:11

So must be Premier ?Is that what you alluding to?

[tim000] 20/11/2022 18:51

The FT says that as of Dec 2020, Premier Fund Managers held 9mn shares, or 2.2% of the share capital.

[jailbird] 19/11/2022 22:51

Well that is figures end of September 2022, would these be upto date ?Otherwise maybe seller is an under 3% holder

[tim000] 19/11/2022 15:40

OPG mentions British Steel Pension Fund holding 3.3%, I see Marketscreener has Pension Services (whoever they are) and River. But Marketscreener aren’t very reliable, if they were I’d be on their shareholder list for BISI as one of their largest shareholders!

[dave4545] 19/11/2022 15:36

500k, 500k, 150k, 750k, 300k, 200k, 200k, 1 million, 1 million, 350k

These are what I believe are the worked sales that have shown up late on since results were announced. On each day there was steady buying to account for these trades being worked sales.

It's just shy of 5 million, now below are what we think are the sellers. If it was M&G they would have crossed the threshold of going through 11% to 10% so it's not them phew as that would be a disaster with 47 million shares needed to find a new home.
But if it's Pensions and maybe River then it looks like the buybacks will be needed to finish them off. Assuming both are selling, mind you the clue is looking for blocks ending 222 or 666 which would signal who it is.

Pension Services Ltd. 14,227,222 3.55%
River & Mercantile Asset Management LLP 3,285,666 0.82%

[tim000] 19/11/2022 14:44

I agree about 20p, the shares would still be cheap.

[tim000] 19/11/2022 14:42

British Steel Pension Fund? Could be, the company on the website does not describe their holding as being “not in public hands”, with an implication they may not be long term holders. My understanding is that if an institution gets a broker to sell their entire holding, they’ll only notify once the entire holding is sold, not once the 3% threshold is passed.