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Opg Power Ventures Plc

-0.35 (-3.78%)
Share Name Share Symbol Market Type Share ISIN Share Description
Opg Power Ventures Plc LSE:OPG London Ordinary Share IM00B2R3RX72 ORD 0.0147P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.35 -3.78% 8.90 575,572 12:49:14
Bid Price Offer Price High Price Low Price Open Price
8.50 9.30 9.25 8.65 9.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electric Services 80.07 5.99 1.50 9.25 35.67
Last Trade Time Trade Type Trade Size Trade Price Currency
16:14:10 O 150,000 9.00 GBX

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Opg Power Ventures (OPG) Discussions and Chat

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Date Time Title Posts
02/6/202313:44OPG Power621
27/10/202202:26OPG Power Beware of self confessed scammer4
29/5/201414:39OPG Power - India1,638

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Opg Power Ventures (OPG) Most Recent Trades

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Opg Power Ventures (OPG) Top Chat Posts

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Posted at 01/6/2023 12:00 by florence141414
Hi Tim/Jail, I too have been struggling to marry the March 22 Indian and Uk reporting. There are still a few things that I can't reconcile. However, I noticed something interesting this morning. If you take out the 7.4m of coal sale profits (the coal they opportunistically sold to take advantage of the price spike rather than bother turning it into energy) then the profit for the year figures approximately match up. As the Indian reports are for OPG Power Generation ltd, is it possible that the coal sales were conducted in another OPG Power Ventures PLC subsidiary? Which explains why they appear in UK numbers and not Indian numbers?

If this is correct then that would explain the discrepency and better yet, give more confidence that the recent numbers from India are genuine.


Posted at 31/5/2023 15:47 by dave4545
Have you seen YU. as well profits ahead again.

They made £5.5 mil in 2022 so lets say they make £7 mil this time around, market cap is £90mil+

3 times the market cap for substantially less profits to come from OPG.

That's the market for you, almost every trade now is a sale, basically I'm almost the only buyer of this in this market.

I'll hold for gold, maybe it will help if OPG release all these hidden figures via a
RNS here

Posted at 31/5/2023 11:11 by florence141414
The thesis here was always that profits would return just as soon as coal prices and shipping rates returned to relative normality. It's good to see the first tangible evidence of the recovery playing out exactly as most of us on here anticipated. I'm hopeful that the subsequent share price re-rate is just a matter of time now.
Posted at 23/5/2023 21:08 by nathandc
BBB Hard to understand share price with Debt be paid offProfit increasing Tariffs gone up Coal price down Electricity demand upRe-rate on the cards My personal speculation - Acquisition
Posted at 22/5/2023 08:49 by jailbird regarding Board Meeting to be held on 25th May 2023Ref_: Regulation 50(1) of the SEBI(Listing Obligations and Disclosure Requirements Regulations,2015Pursuant to the provisions of Regulation 50(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Notice is hereby given that a meeting of the Board of Directors of the Company has been scheduled to be held on Thursday, 25ยป May 2023 at the Registered Office of the Company at OPG Nagar, Periya Obulapuram Village Nagaraja Kandigai, Madharapakkam Road Gummidipoondi Thiruvallur TN 601201 at 2:00 P.M. to inter alia,a) consider and approve the Standalone Audited Financial Results of the Company for the quarter and financial year ended 31st March 2023, as per Regulation 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.b) consider and approve the redemption of Secured, Redeemable, Listed, Rated, Non-Convertible Debentures aggregating to Rs. 200 crore (due for redemption on June 1, 2023).The Company further confirms that the Trading Window for dealing in the securities of the company ' shall be opened after passing of 48 hours of conclusion of Board Meeting in which the Financial Resultsas above are approved.The said Notice shall also be available in the website of the Company at under Investors section.Kindly take the above information on record and confirm compliance. Thanking you,Yours faithfully,For OPG Power Generation Private Limited
Posted at 09/3/2023 09:58 by tim000
The management don’t expect the share price to reflect fundamentals (NAV etc) overnight. I think that’s right. But steadily improving trading results should see a continuing recovery in the share price
Posted at 14/12/2022 12:00 by gb904150
There seems a lot of focus on the NCD's. If they need to what's to stop them just rolling taking on new debt to pay that off?

There's also a question of adapting and transition. They've just reported on the 6-month period April-September during which the coal price was bouncing between $250-450.

If you believe the cure for high prices is high prices then surely the coal price comes down and OPG returns to good profitability.

OPG in the meantime can adapt - i.e. optimise PLF and find new sources of coal.

"As the prices of international coal and freight have increased significantly, we have taken a conscious decision to operate at low PLF with a focus on profitable operations. This abnormal increase in coal price is likely to affect our PLF, revenue and operating profit significantly for the year ending 31 March 2023.

"However, as a positive measure due to the unprecedented spike in international coal prices, the Government of India has allowed the coal based thermal power plants to pass through these abnormally high coal costs to state owned distribution utilities. This measure covers the quantum of electricity that OPG supplies to the state utility."

While OPG is partially covered from increases in prices due to its fixed price agreements for coal and freight, the Company remains exposed to the unhedged portion of its coal and freight requirements. OPG continues to explore various options of sourcing coal (including domestic sources) to reduce the unit cost of electricity.

The directors and management have prepared a cash flow forecast to December 2023, 12 months from the date this report has been approved. Based on the business projections, we can conclude that the Group is in a position to go through the current situation caused by very high prices of Coal and going concern is not an issue.

The Group experiences sensitivity in its cash flow forecasts due to the exposure to potential increase in USD denominated coal prices and a decrease in the value of the Indian Rupee.

The Group has taken certain commercial and technical measures to reduce the impact of this adverse development including blending comparatively cheaper coal, modifications to boilers to facilitate different quality coal firing and renegotiation of the tariff and commercial terms of the power sale arrangement with the power consumers.

Posted at 21/11/2022 17:14 by tim000

OPG is trying to source more coal from India at cheaper prices than from Indonesia, which has become expensive recently (historically, OPG has sourced over 90% of its coal from Indonesia). Coal India, the dominant supplier, supplies most of its coal domestically at very cheap fixed prices on long-term agreements, but of course there is excess demand and I don't think OPG has many supplies on this basis. But Coal India is allowed to market some of its coal via e auctions, which OPG could participate in. The Q3 2022 e auctions sold 10.36 mn tonnes @ R6061/t (which compares I believe with existing long-term contracts @ ca R1500-2000/t). I have pencilled in OPG paying R8800/t on average in H1 FY2023.

Posted at 04/11/2022 09:38 by tim000
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:


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.

Posted at 01/11/2022 22:34 by tim000
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%.
Opg Power Ventures share price data is direct from the London Stock Exchange
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