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| 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
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 4.55 | 15,093 | 08:00:03 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 4.40 | 4.70 | 4.55 | 4.55 | 4.55 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electric Services | 155.69M | 4.11M | 0.0103 | 4.42 | 18.23M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:30:02 | O | 13,967 | 4.575 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 21/3/2025 | 15:38 | ALNC |  OPG Power Ventures Chief Financial Officer Ajit Pratap Singh resigns |
| 21/3/2025 | 07:00 | UK RNS | OPG Power Ventures plc Trading Update |
| 27/2/2025 | 10:31 | UK RNS | OPG Power Ventures plc Change of Reg Office, Co Sec & Administrator |
| 27/12/2024 | 11:40 | UK RNS | OPG Power Ventures plc Result of AGM |
| 20/12/2024 | 12:35 | ALNC | EARNINGS: One Health profit grows; Mobile Streams loss narrows |
| 20/12/2024 | 07:00 | UK RNS | OPG Power Ventures plc Half-year Report |
| 05/12/2024 | 08:16 | UK RNS | OPG Power Ventures plc Notice of Annual General Meeting |
| 15/11/2024 | 14:27 | ALNC | IN BRIEF: OPG Power Ventures investigated for FEMA non-compliance |
| 15/11/2024 | 13:06 | UK RNS | OPG Power Ventures plc Update |
| 21/10/2024 | 07:00 | UK RNS | OPG Power Ventures plc Investor Meet Company Presentation |
Opg Power Ventures (OPG) Share Charts1 Year Opg Power Ventures Chart |
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1 Month Opg Power Ventures Chart |
Intraday Opg Power Ventures Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/4/2025 | 10:10 | OPG Power | 1,486 |
| 27/10/2022 | 02:26 | OPG Power Beware of self confessed scammer | 4 |
| 26/10/2022 | 13:43 | OPG- INDIAN OPG POWER PLANTS. MASSIVE UP-COMING GROWTH | 6,123 |
| 29/5/2014 | 14:39 | OPG Power - India | 1,638 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 27/4/2025 09:20 by Opg Power Ventures Daily Update Opg Power Ventures Plc is listed in the Electric Services sector of the London Stock Exchange with ticker OPG. The last closing price for Opg Power Ventures was 4.55p.Opg Power Ventures currently has 400,733,511 shares in issue. The market capitalisation of Opg Power Ventures is £18,233,375. Opg Power Ventures has a price to earnings ratio (PE ratio) of 4.42. This morning OPG shares opened at 4.55p |
Posted at 23/4/2025 09:29 by dave4545 That's the gamble igoe...they do not delist.But even if they do they should in theory return the cash. Sometimes a too good to be true scenario actually turns out to be true. When CMB was 0.2p it was NAV of 1p and I used to think it's iffy especially when the boss held 70% but he was a stand up guy and paid a 0.88p dividend earlier this year with more to come. So opg it's the trust gamble not the fundamentals |
Posted at 17/4/2025 14:27 by gb904150 Yes, it's all good on paper igoe104 but what can we do to ensure our confidence in this investment?The company don't engage. They use anonymous emails. They don't communicate plans for the future. They don't share profits. They have an owner with >50% ownership of the co. They also have an ongoing case with the ED that is yet to update or conclude. In short, yes, they are dirt cheap, but they are dirt cheap for a reason. I continue to hold, but I can't add while that remains the case. There's also the situation with the last IMC where there were moves to suggest they were taking IR seriously. That could've lured in a lot more investment, yet within a couple of weeks the share price was trashed 50% by the ED investigation. It's a genuine question - what do you think can be done to ensure this is a safe and legitimate investment? A trip to India to meet the BOD perhaps? Certainly better than their last effort with an AGM on the Isle of Man between Christmas and New Year! |
Posted at 21/3/2025 14:08 by gb904150 The business needs to be tidied up, simplified and refocused on its core business.No speculative investments. No green follies. No complicated structures. Simplify and start paying dividends out of FCF. There is no excuse. Hopefully the Enforcement Directorate inquiry forces a light to be shone on the company and transparency can ensue. They should also engage properly with shareholders. The last, very positive IMC did exactly that - with some dedicated new investor relations contacts. Then 2 weeks later they hit investors with the ED bombshell and suddenly everyone who had been promoting OPG seemed to slope away!....and we get hit with a 50% share price haircut. On that call were: Avantika Gupta - CEO Ajit Pratap Singh - CFO - now stepped down Jeremy Warner Allen - Deputy Chairman Russell Kerr - recently joined OPG to provide in-house broking services / IR guy. Simon Hudson - Tavistock - PR company I assume they are waiting for ED to conclude and dust to settle then will crack on again but it was pretty hideous timing and quite poor the low profile they now keep. The company created a new dedicated IR method - IR However, my emails to that were ignored for a month and have only just been answered. Answered by 'OPG power ventures PLC' so remaining anonymous. It's that lack of transparency and credibility that undermines this company. The last AGM they chose to hold on 27th December. Not exactly shareholder friendly is it? Finally, I put shareholder questions to the BOD on 24th December so they could be asked at the AGM. After much chasing I got a reply almost 2 months later, again from 'anonymous'. The IR contact was given, along with the description: He is based in London and can be accessed at ir@opgpower.com What is so difficult about professional, open engagement with shareholders? Do OPG power want to be a serious and credible company with a realistic valuation? |
Posted at 21/3/2025 12:46 by nathandc There is still something troubling me about OPG. No debtincreased YOY demand in India Increased tariffs Coal price declined Where is all the money going ? The recent inquiry- Audit on the entire "cost" base needed. Are the Gupta using this as their own personal bank ? Who knows ... |
Posted at 23/1/2025 22:24 by nathandc But somehow never reflects the share price ... |
Posted at 20/12/2024 09:42 by rivaldo Very good H1 results, setting up OPG for a massive beat of what now look like very conservative forecasts.The H1 £4.3m PBT means OPG only need to make £0.8m PBT in H2 merely to meet forecasts of £5.1m PBT and 1.2p EPS. Cavendish have a 28p target price predicated on their forecasts, so there must be decent further upside on a beat. The £22.3m net cash is more than the current m/cap! Of course this may or may not be an unusually high balance due to payment schedules etc, but the £4.5m forecast year end cash pile also now looks seriously underpowered. Particularly as coal prices - OPG's main cost - which rose in late September/October have plummeted in November and December to their lowest levels since March: |
Posted at 05/11/2024 11:04 by rivaldo All OPG need to do imo to get the share price moving is to continue as they are - if they can continue to produce improving EPS/profits and a growing cash pile then the share price will follow.Once the cash has really piled up then OPG could announce the resumption of dividends to further boost sentiment. I suspect that OPG have learnt their lessons in terms of diversification and will concentrate on what should be a winning strategy in terms of leveraging the continuing and long-term boom in demand for power in India. |
Posted at 27/9/2024 10:47 by rivaldo For those without access, Cavendish's new note has a 28p target price:"We are basing our valuation on a forward EV/EBITDA multiple for OPG Power, based on FY25E. The peer group average multiple is 11.0x. We apply a small-cap discount for OPG, which we are conservatively setting at 30%, for a target multiple of 7.7x. This give us a target price of 28.0p, which is an increase from our previous target of 27.0p." Cavendish summarise: "Recovery confirmed – The cheapest way into India OPG Power reported FY March 2024 results which were better than our forecasts at the EBITDA and net debt levels and in line or better overall. The period saw normalisation of coal prices following the disruption caused by Covid and saw Plant Load Factor recover to 69.2%. We expect OPG to continue operating at good levels of plant utilisation, sustaining profitability and cash flow. We are introducing forecasts for FY March 2025E. We expect the net cash position to continue rising over coming years and, with the shares trading on an EV/EBITDA of only 3.0x to March 2025, OPG offers investors a cheap way to gain exposure to the dynamic and fast-growing Indian economy. Our price target of 28p is based on a conservative discount to comparable Indian companies." "Valuation upside: We value OPG by comparison with the Indian power utilities sector using EV/EBITDA multiples. The valuation table is included on page 3. OPG compares favourably to this peer group in terms of balance sheet strength and cash generation. We nonetheless base our valuation on a conservative small-cap discount of 30% for OPG, in line with wider market valuation trends, and arrive at a target price of 28.0p. The valuation is also underpinned by a strong asset base, with an NAV of 42.3p per share." |
Posted at 10/9/2024 16:24 by tim000 That may even be a retail price, it’s not trustworthy. OPG usually gives info on its coal prices paid in its trading updates. I don’t expect there has been any coal price inflation this year, as I say. A positive for OPG investors is that it’s something of a counter-cyclical stock and hence provides useful portfolio diversification. Indian demand for power is always high, meaning producers always have high capacity utilization of their plants. By contrast, input costs (ie costs of thermal coal) are cyclical and so margins and profits should be counter cyclical.The company has been opaque in the last couple of years about its true ambitions - does it wish to be a growth company (past forays into renewables and geographical diversification away from Chennai have failed and had to be reversed), or a safe dividend stock? It has mentioned buying coal mining assets if I remember correctly, but fortunately nothing has come to pass on that. They’ll be much better off with a strategy of deleveraging and returning capital to shareholders. As mentioned, that would see a much higher share price. |
Posted at 29/8/2024 14:12 by gb904150 To be fair, until OPG show a willingness to distribute profits then the share price is perfectly correct in languishing where it is.It's not enough to be cheap but hopefully OPG will soon have so much cash it will be embarrassing not to distribute it. They've made hints at a willingness to do so in previous RNS's but nothing yet. From the 2023 Annual Report: Dividend policy One of the OPG’s paramount objectives is to maximise stakeholders’ long-term value. Keeping in mind, the disruptions and uncertainty caused by the extraordinary volatility in coal prices and related freight, the management, in consonance with the Board believes that it is in the best interests of the Group and its stakeholders to conserve cash. The cash thus accumulated will be used to maintain a strong and resilient balance sheet to withstand turbulent times. Therefore, the Board decided not to declare a dividend for FY 23. The Board will revisit the Group’s dividend policy in due course. Dividends Due to the disruptions caused by the extraordinary volatility in coal prices and freight, the Board has made the decision in the best interests of the Group and its stakeholders to conserve cash. This cash conservation will be allocated for debt repayment, funding growth in ESG-focused projects, and ensuring a strong and resilient balance sheet capable of withstanding turbulent times. Consequently, the Board has chosen not to declare a dividend for FY 23. The Board plans to review the Company’s dividend policy at a later date, once coal prices and electricity tariffs stabilise. The real question is what does Arvind Gupta want? When he decides he wants dividends he will get them. One of the reasons the share price also stays so low is the lack of balance to ownership. A majority stake is never good. It was healthier when there were lots of ii's holding stakes. But they all sold out following the CSR/ESG/EDI/net zero edicts. |
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