Share Name Share Symbol Market Type Share ISIN Share Description
Optare LSE:OPE London Ordinary Share GB00B2PGSY66 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.035 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 56.95 -4.06 -0.20 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
21/5/201917:07Optare - maker of buses5,512
24/7/201220:54Optare Plc -79
19/7/201216:38Optare- Leading the way in Bus Manufacturing.10

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Optare (OPE) Top Chat Posts

reximill: Hi Superhoop and tinshill. We previously had 2bn shares in issue, Ashok diluted and issued a further approx 60bn shares to themselves at 0.1p in exchange for paying off Optares debt. This is a massive dilution and therefore makes the shares very difficult to be worth much more than 0.1p as there are so many in issue. The market cap at 0.1p will be about £65m. Even though Optare are doing quite well compared to before (my guess, seeing the recent order wins and more cities interested in electric buses around the world) the 3000% dilution will have squeezed out everyone elses share of any profit a huge margin. That is why I just want out, I can't see the share price going up much from here. In my opinion, Ashok did this on purpose as they knew the shares would be worth far more had they not diluted, as Optare turned a corner and future demand for their product will be huge. They could have ended up paying us 1p each share for example, now they will either 1) leave us hanging for years on end, 2) offer us something like 0.12p and explain how this values the company fairly at £80m or whatever. They know most shareholders can't be bothered to do anything about it and won't stand up to them. And they are right. There are 3 or 4 people that talk on this forum and likely most others have forgotten about their shares. I have personally complained a few times and asked for a resolution but have been fobbed off. If 10 other shareholders did the same thing, it would probably help and cause them to make us an offer.
jsbach123: reximill Optare is de facto a subsidiary company of Ashok and they will IMHO continue to fund it as long as either they really do believe it can be a vehicle (oops no pun intended) for their ambitions to develop a significant presence in the global bus market or as long as they do not wish to lose face. Barclays lend them money because their interest payments are secure and being bankers to Hinduja may bring other less obvious benefits both short and longer-term. The share price is irrelevant to Ashok. Also as the shares are not listed they are, even though there is a matched bargain facility, really rather illiquid for remaining PIs. Ashok could have bought remaining shareholders out at very low cost. IMHO they bought themselves a good deal of ill-will for not doing so. Be sure that Ashok's clever managers and accountants are running the company for Ashok's benefit. It may be that soon the company can trade at break even and after then it can perhaps generate profits to reduce the indebtedness. Much depends I suspect on the next six months especially the early months of next calendar year when it is usual for large fleet orders to be placed.
jsbach123: reximil read the summary at the top of the page. Ashok de facto control the company as they own at least 75.1% of the shares now delisted from AIM). They continue to fund it as they have stated (I paraphrase) that they intend Optare t be the hub of their ambitions to be a global player in the market for buses. Longer-term PIs who supported the company for many years (the share price was more than 10 pence for a time) have effectively lost all the value of their investments. Fickling the non-Executive Chairman has been paid more than half a million pounds by the company while he has been in office. During this time the company declared (multi)million pound losses every year.
jsbach123: possibly more likely scenario joosepi is that Ashok the majority shareholder is buying to take its holding to 90% after which it can dictate terms and buy out the remaining small shareholders. It does not matter to Ashok what the share price is.
joosepi: JSB watch the share price prior to might assist.
joosepi: The scenario here is emerging: Order book strong. Shares issued at float .8p. Many shares held by private investors. shares can be purchased today at .045. private investors buying shares. Share price increase on its way, strength of order book. Shares can be bought/sold through a matched bargain facility to be put in place on the OPE website OPE is an opportunity.
kimoldfield: What might previously have helped the share price, but is now largely irrelevant, is the release of April registrations which were quite healthy; 46 compared to 32 the previous year. Ah well!
tees maar khan: It would appear the share price spiked on announcement of a recent £7.3 million contract win (not to be sniffed at) with Stagecoach Bus UK. This looks oversold to me, and could see a turn around in the upcoming months. I'm keeping this on my radar. TMK
08:18 Good news yes - but a 54.5% jump in share price?
12:21 Sounds like Ashok Leyland are keen to get a move on. Ditto the OPE share price.
Optare share price data is direct from the London Stock Exchange
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