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They won't be able to manipulate the share price much longer, once full year trading update lands they will let it go as the buyers arrive, it is already a bargain buy on the back of full year it has to trigger a correction.
Top riser Merit market cap £15 mil ebit above expectations and PBT of £1.2 mil with net debt of £1-2 mil
OPG market cap £40-45 mil, last reported net cash £14 mil, 9 months PBT just under £7 mil.
And it's just pi sell after sell but the auction buyer shores it up day after day.
Davey
Address the presentation , it does print a great forward picture
Just steady as it goes
However I am intrigued by the trades and how it has held up with sells
Still weak on L2 though… 1v3
I mean it does NOT
It is just steady yearly
Lots of buys at mid price. Still that price online. Nothing showing in India so wonder why the interest today ?
So plenty of stock around at present
Lots of filtered posts around mine. I know who that will be and I'm not interested in anything he has to say, deramps when out and ramps when in and changes his mind like the wind.
Picking up, might even go blue, mid price stock all gone
This guy is holding loads and higher prices, so ignores anything not positive
Perhaps a freak day all my stocks rising. 2 mm's on 10.5p bid as well now 3 on 11p offer
ALT flying today on a trading update £22 mil market cap net cash £1 mil and EBITDA forecasts of £2.2 mil
makes OPG look rather cheap eh, at least every day there's nibbles, just need that buy price to edge up to full 11p and we might take off at last
Looks a little more promising, up to 10.87p to buy, been ages since I seen NT to buy in OPG months maybe, it would be nice just to see it reach 11p full offer buys.
Should be seeing it alot more often after the trading update lands previously it has landed early May.
Well I'm keeping an eye out of it on the BSE but nothing showing as of yet. Should be around £10 mil PBT which will smash the £7.4 mil forecasts. If Net Cash is at least £15 mil then surely this has to double and that is conservative. Wins go to the bid again 2 v 3
10.25-11p regular buying
10.5-11p regular buying
10.75-11p buying stops :-))
Cenkos of course pushing, still stock around 10.88p, when will they ever run out and go full offer or NT maybe later
I think PBT could be at least 50% more than that Davey because they will have recieved the next tranche of advanced payments for the fixed term contract they have in place.
We shall see, weird it goes quiet when spread narrows and it goes blue, you'd think a few would be waiting for this sign of movement and momentum but nope it's gone dead again
Ronald
Davy and you have got the figures wrong
The figures are all in the presentation link posted below
The presentation that was postponed and never RNS’d again
Ronald
Https://youtu.be/vo_9xMvoSEQ?si=6l9uYTy_KEk7NsuN
Saw the presentation which was postponed but heard nothing more via a RNS
Good Q&A questions which
I felt were not elaborated on enough
This is what I took from it
No dividends or buybacks anytime soon
Focus is on repaying debt that will take upto 5 years
Current Net cash is being used to pay for coal liabilities
Mutual funds are used as a buffer to manage cash flow and working capital when required
No interest in selling current assets
Would be interested in M&A but then how would they fund it ?
More debt I guess
Ronald,
You better tell Davey about the YouTube presentation , he may not know about it .
He has me filtered
These are H1 2024 results presentation according to the first slide
Hi Hazbeen
I saw the 9month, myself and Davey are talking in anticipation of the full year and the annual trading update that has previously dropped early May.
Broker has already upgraded their forecasts twice this year and will no doubt be upgrading it again when the update lands.
He's probably having a meltdown the price is finally starting to move and he is not holding :-))
"robust" trading and 20-30% of market cap in profits, no other stock on the exchange can match that can they ?
Kino ahead of forecasts shares have shot up today from 40p to 50p
Is 11p finally going to break here, still 3 mm's on it but on Aqse a 89k buy has appeared at 10.949p, almost at full offer online now 10.97p
Level 2 now 2 v 2 from 1 v 3 as Shore switch from offer to bid, be nice to go on a run it's long overdue
Buyers arriving they know the results are going to be good