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
  -0.40 -2.96% 13.10 112,448 09:00:13
Bid Price Offer Price High Price Low Price Open Price
12.70 13.50 13.15 13.10 13.15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 140.63 16.86 3.81 3.4 51
Last Trade Time Trade Type Trade Size Trade Price Currency
15:42:27 O 8,476 12.716 GBX

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Date Time Title Posts
29/5/201413:39OPG Power - India1,638

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Opg Power Ventures (OPG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-11-26 15:42:2912.728,4761,077.81O
2020-11-26 14:33:1213.1236,1604,742.75O
2020-11-26 14:09:5613.145,000657.00O
2020-11-26 11:40:4613.157,604999.93O
2020-11-26 09:22:0413.167,538992.00O
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Opg Power Ventures (OPG) Top Chat Posts

Opg Power Ventures Daily Update: Opg Power Ventures Plc is listed in the Electricity sector of the London Stock Exchange with ticker OPG. The last closing price for Opg Power Ventures was 13.50p.
Opg Power Ventures Plc has a 4 week average price of 10.50p and a 12 week average price of 9.38p.
The 1 year high share price is 20.25p while the 1 year low share price is currently 9.38p.
There are currently 387,910,200 shares in issue and the average daily traded volume is 809,996 shares. The market capitalisation of Opg Power Ventures Plc is £50,816,236.20.
ppvn: Haha, technically I don't think the price dropped today Andy, just closed artificially high yesterday so when the spread opened where it was yesterday it showed a mark down - from what I remember anyway though I might be wrong. Happy to wait this out for a little while, think everyone is on the same page that this share price is cheap even for OPG - yesterday's news was a surprise boost that I for one wasn't expecting.
andycapp1: Ah the Gupta discount kicks in and down we go. I just wonder at what point will he actually smell the coffee and realise that some level of governance might help his appalling share price. Hey ho.
thirty fifty twenty: getting 9.5m of CASH is a huge de-risking of OPG. with this and the [14] a couple of months back from old debtors, they will have massively reduced debt in pandemic year. more signifcantly for me, the chart now confirms a double bottom formed at 10p with volume, and the likely price move today takes them well above the 200d and outside the falling trend of the last 12 months. the biz has always been very lowly valued the question is - how low. but i think now with the debt down it is not ridiculous to think debt could be < 1 times ebitda in calendar 2021 and an EV of 2.5times for such a CASH generator that i think will attract many more investors to OPG. ALl IMHO, DYOR + BoL OPG is in my top5 hldgs
rivaldo: A short and very sweet RNS today - £9.5m of cash incoming from customers re contractual claims accumulated over "several periods". This year's income statement should look a lot more impressive with these being included: Https://
thirty fifty twenty: the coal price going ever lower which is a nice hedge against any economic slowdown in Indian energy usage. there seems to be a buyer around at the moment - small in scale but keeping the price firm and absorbing small sales. I'm wondering is this just of the back of the lower coal price or something more exciting! - probably not knowing OPG - LOL All IMHO, DYOR + BoL OPG is in my portfolio
tole: in power plant developer OPG Power Ventures surged on Friday morning after the group revealed average tariffs had risen 4.8% year-on-year.OPG Power said the average tariff in the year ended 31 March was INR 5.67 (£0.061), up from the INR 5.41 (£0.058) recorded twelve months earlier.The AIM-listed group's total generation was 2.72bn units last year, up from the previous year's 2.71bn units figure. Plant load factor was flat at 75%.As far as Covid-19 was concerned, OPG highlighted that nationwide lockdown restrictions in India were being relaxed in less affected areas, enabling economic activity to restart, but warned that the imposition of the lockdown to control the outbreak had already had "an adverse impact" on overall electricity demand in the 2021 year.Chief executive Arvind Gupta said: "We have been working tirelessly to implement plans to limit the human, financial and commercial consequences of Covid-19. We have initiated significant cash conservation initiatives across the group, whilst ensuring the health and safety of all our employees to secure our long term sustainability."These initiatives have improved the liquidity position of the company which together with support from our lending banks put the group in a stronger position to manage the difficult market conditions."As of 0915 BST, OPG Power shares had surged 15.77% to 12.85p.
thirty fifty twenty: I think OPG is a very interesting risk /reward situation at 18p. There are of course many risks which (I will outline at the end) but my strategy is looking for opportunities where the market is placing too much emphasis on the risks and thus the price is too low and has a chance to rise. I think that OPG have been increasingly clear about their debt reduction plans, and it is simple maths that as time goes by, they make profits, they generate CASH, they pay down debt and this increases the value of the shares. There are bumps (operational, plant upgrading, coal prices, customer contracts etc..) but the strategy is quite simple and supported by the fact that India is a growing economy. OPG very helpfully lays out the actual impact of this in the presentation. Taking their figures this is c.5p of value added to the shares this year and next year. That is equivalent to c.30% annual return! So even with a margin of safety there is a good chance of a 15% return per year (my strategy). What I think is interesting with these forecasts though is the following year. Next year it is assumed that PLF will be down to c.70% whilst upgrades are taking place but the following year it will be back to 75%+, turnover will be up and the EPS fcts for 4p for FY 2020 to c.5.5p for FY 2021. I note also that the Cenkos fcst makes no allowance for lower interest rates in FY 2020 so I think their 3.9p fcst for 2020 leaves something in the tank. CASH flow in FY2021 would thus add closer to 6p to shareholder value in FY 2021. On top of this there will be the CASH from the sale of the Solar assets (NBV = 15m, making 800k profit on 20% capacity. I have assumed future profits of c.3m and a sales price of > 20m (of which OPG have 30% and an option to buy a further 30%) i.e. I expect c.6m to OPG from the sale. This is another dent into debt, which because of the high interest rates in India would have a disproportionate impact on EPS. So for all things being equal then at 18p I can see possible returns of 5p, 5p and 6p over the next 3 years which is very attractive. The downside (for me) is the 15p support the price has seen over the last 4 months. Looking at the variables.... India - economy growth expected to increase to 7% next year. this should support future electricity prices. PLF - this year 75%-80%, next year with plant upgrade 70% (included in forecasts), medium term 80%+ Coal Price - most market forecasts are for lower longer term coal prices. For FY202 OPG have hedged 60% which means they can be certain of CASH flow to reduce debt levels. Coal Price - they are talking to miners about long term supply arrangements. This will be announced later in the year. This reduces the risk of market pricing and additionally gives even more certainty about debt reduction. Environment - Coal is here to stay in India b/c it needs so much energy. India is no longer building thermal plants but it just cannot afford to shut down the current ones. OPG has one of the lowest emission levels of thermal producers. Customers - they had extra capacity this year as some customers had reduced demand but did not sell it to new customers as they want to stick with their current client list and demand is expected to recover to normal levels in H2 Bad debt - this was a one off, long term dispute. It is notable that the PES of 2.0p for H1 is AFTER this bad debt charge. Interest rates - these are falling in India which will be a big benefit for OPG Tax Rates - India has reduced Corporation Tax Rate and indicated it will do so further Solar - they are talking to several interested parties. Size is 63MW and normal prices are c.800kUSD per MW = 50mUSD so for OPG 30% stake = c.12m GBP (my assumptions are OPG to only receive 6m) So I do expect bumps and volatility but the variables generally seem to be in OPG favour. The big negative that it talked about much here is Gupta and his 52% shareholding. Yes this exists but the other side of the coin is that he and the other directors (via LTIP) are very heavily incentivised to obtain a higher share price. In fact , I think it is reasonably obvious that at any time OPG could be bought by a multinational. The asset to that multinational would easily be worth 10 times EBITDA ie.. 360m less say 60m of debt = 300m (75p a share). As a PLC with one major asset, and a 52% CEO the listed price will always be much much less than this but as the debt is repaid the chance of a bid increases as the listed valuation is so much lower. This also puts a floor under the share price. All IMHO, DYOR + BoL OPG is in my top5 hldgs
john09: Typical OPG share price action. It’s a casino stock always has been
beangrinder: Dimitri confirmed July date for results in his Mid June Shares sponsored presentation. He continues to refer to comparable operators being valued at 8-9 times EBITDA which reads across to a huge discount in OPG share price. On a similar basis we should be running between 60p and 100p (by my estimate when debt free). I’ve watched his presentations and Q&As this year and am of the view that if a re-rating starts it should be strong. My main gripe is the easy money the directors will all make in the LTIP, which triggers at 30p. Money for nothing imho. I think (from memory) they get 5% of company for doing nothing more than pointing out how undervalued the shares are! I won’t complain though if we move up to 60p+...I’ll just sell up and move on!
turbocharge: Coal price downtrend continues, but OPG share price just shuffling about...
Opg Power Ventures share price data is direct from the London Stock Exchange
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