Opg Power Ventures Share Discussion Threads

[ashbox] 15/11/2024 13:16

Think we owe dave4545 a vote of thanks for being ahead of the curve on this collapse and posting the link to The Hindu. I actually topped up with a small amount yesterday morning and sold all in the afternoon! Not too painful a loss on my top-up.

[tim000] 15/11/2024 13:11

RNS at last. Who knows what the truth of the matter is. I doubt this will be resolved quickly.

[nathandc] 15/11/2024 13:05

Hope they all go to jail - my second fraud share this year - I was expecting this to go to 20 +

[starpukka] 15/11/2024 13:04

I went short yesterday afternoon. Was surprised, I could. But the market hardly reacted much yesterday. My spreadbet firm usually doesn't let me short things that could be profitable !

[basem1] 15/11/2024 12:52

I have had a few go on me over the years Evraz was the last but also Cedar software and Langbar international to name only the ones I can remember

[basem1] 15/11/2024 12:51

Just be careful about bottom fishing This could get suspended indefinitely Only buy what you can afford to lose permanently

[imnotspartacus] 15/11/2024 12:48

It is and probably the the tip of the iceberg!

[dave4545] 15/11/2024 12:35

Jeez 5.5p bid...this is incredible in a terrible way

[dave4545] 15/11/2024 11:01

Huge trades going through so which ones are the astute ones, the buys or sales ?

[igoe104] 15/11/2024 09:13

Certainly not a share for widows and orphans. But they own 476 MW of assets, so Certainly worth more than 8.5p, if sold off... Which could happen if senior management are found guilty of ML...

[basem1] 15/11/2024 08:45

Too many red flags here now I have taken 3 big losses here It looks cheap for a reason

[tim000] 15/11/2024 08:37

In Australia, in situations like this the company will announce a trading halt while it puts together an official announcement. It’s poor that the UK authorities don’t have the same arrangements. It might not be until Monday that OPG release a statement.

[dave4545] 14/11/2024 22:20

They have posted results in India however

Much lower profits for 3 months to Sep 30th

Around £1 mil v £3 mil last year

Still 5 mil+ in 6 months

But no mention of that news earlier

[tim000] 14/11/2024 17:08

I think it’s far too early to speculate as to the consequences of this news.

[igoe104] 14/11/2024 17:01

Could see the company go up for sale if the directors have to stand down, from their directorships. Surely the company could easily be sold for 30p plus.. With the profits they are forecasted to make, providing they are genuinely true.

[igoe104] 14/11/2024 16:41

Yes we certainly need clarification that if its going to have a material effect on the business. Hopefully RNS will put the doubts to bed.

Unfortunately with shares anything can pop up out of the blue, thats why you need a diversified portfolio..

[basem1] 14/11/2024 16:06

Yes I have a strict rule As soon as something feels uncomfortable then get rid. You buy a stock to make you happy not miserable I take loads of losses but as long as the overall portfolio amount is increasing then it is fine

[tim000] 14/11/2024 16:02

I think an RNS is certain

[dave4545] 14/11/2024 15:58

I look back at my biggest losses of 2023 and now they would be humungous losses in 2024.

The shrewdest investors are those that can take any kind of loss and not hold for their money back.

I'm hoping OPG will release a RNS

[gb904150] 14/11/2024 15:58

8.38 crore is around £780k.

...seized from both the office premises of M/s OPG Group and the
residential premises of its Directors.

More details here:
hxxps://enforcementdirectorate.gov.in/sites/default/files/latestnews/Press%20Release%20-%20Search-OPG%20Group-13.11.2024.pdf

In terms of the full FDI figure mentioned, 1148 crore, that amounts to £107m.

Could turn out positive. A clean out of the company if that is what is required.

But in the short term, some pain no doubt.

[basem1] 14/11/2024 15:57

Fortunately I was the one igoe was referring to in post 1365

[dave4545] 14/11/2024 15:54

I got it sent to me around 3pm I had no idea but somebody knew earlier. I sold some smaller amounts. I cannot have another bullet, would be happy to buy them back higher if everything turns out ok...I'm just not making any money so I cannot risk any stocks with uncertainty

[basem1] 14/11/2024 15:52

Not a good read Took yet another large loss here