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I think your assumption that "the company has no regard for UK shareholders" is correct. The Gupta family is not going to deliver value to minority shareholders through dividends or share buybacks.
So with the info in the public domain , in India that us annd a few here , the company is no regard for UK shareholders really .
If the figures are decent enough and demand is robust , what does the market know or not see ?
My worst performance share over the year
400k sold for 9.81p tbh it's a good price given it's 10p bid and for that size, this market just does not want value it's all about momentum now
Power demand has been high for 30 days in a row, so presumably OPG be benefiting materially:
Https://economictimes.indiatimes.com/news/india/delhi-heatwave-claims-at-least-20-lives-hospitals-overwhelmed-amid-power-demand-surges/articleshow/111125845.cms?from=mdr
"Delhi Heatwave: Record Power Demand Amidst Scorching Temperatures
The extreme heat has also caused Delhi's power demand to reach unprecedented levels. On Tuesday afternoon, the demand peaked at 8,647MW, surpassing the previous record of 8,302MW set last month.
Power distribution companies attribute this surge to the heatwave, growing population, urbanization, and increased use of electronic devices and air conditioners.
"Records have been broken eight times this summer after the peak power load first crossed 8,000MW on May 22. For 30 days in a row this season, Delhi's peak power demand was above 7,000MW," said a discom official."
And the share falls further
One 1 left in bid
From today's news - the current heatwaves in India have driven demand for power/electricity to new records:
Https://www.bbc.co.uk/news/articles/cllle947r9lo
Until Arvind decides to pay at least some symbolic dividend, the company's shares will be staying at these ridiculous valuations. The market clearly doesn't believe the Gupta family.
8.4million profit after tax equates to 2.1p per share
Considering last year Q1 didn't add to the profit the results are essentially based on the last 9months so even better than they look on paper.
This year its easy to expect profits after tax to be between 3.5p-4p per share.
With 6244 lakh of profit per 400mln shares of OPG gives 1.5 penny of GBP profit per share. P/E is about 7 which is Ok for such stock. The results are mediocre considering only 3% profitability from revenue
I'm still wrestling with the figures but 24.6 rupees would give your 2.14 p . Anyway the EPS is roughly 4.5 times last year which was given as 1.8 p so go figure . I think I need someone with a bigger brain !
AndyAMG, I was talking about the 24.46 Lakhs EPS for the year just ended 31st March - which AFAICS equates (roughly) to 2.14p EPS.
But I'd also like confirmation of this calculation!
Newbie on the stock just looking in but flabbergasted at the no's. Bit of a silly share price for 7p/year earnings?
The 2.14 is the earnings per share for the last quarter in Indian Lakhs not pence , 24.46 for the year which I think is about 7p ,
maybe somebody more familiar with Indian currency could confirm.
These results look excellent - 2.14p EPS and the very good cash flows make OPG look extremely cheap prima facie.
Can long-termers here confirm - are there any differences between these results and the final UK PLC results due to say UK listing/operational costs not included in the Indian results, or is it just a straight translation? And if the latter, presumably the UK PLC will announce imminently?
Hopefully the upcoming RNS on the LSE will catalyse decent buying given the value and prospects on offer - with a long-deserved breakout upwards.
To Hazbeen: Some time ago, OPG paid "scrip dividends", something the opposite to share buyback , citing that "it brings the value to shareholders". Therefore, I am not sure that OPG will consider share buyback as a way to increase the shareholder's value.
Or the market is so saturated with traders that the price never has the chance to move before people who buy in sell out again, and that is happening already this morning.
Also where is all this stock coming from? No big holders left are there ?
, endless
I keep saying it
I have heard no commentary they will pay dividends in near future
Pay down debt , and next it will be buybacks once debt has been cleared
The only reasonable explanation for the shares being worth so little is that the market doesn't trust the Gupta family to ever pay dividends and return value to minority shareholders.
Realturbo
Opg is unique as they release their results in India months before the UK so we get a free look to see if good or bad.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/b253b8c6-9e12-490b-a645-50b0583ef63f.pdf
Would love a good accountant to run over the numbers with the cash v debt etc etc
I be honest I do not how to value this but results are better than this time last year , but the share price is also 20% higher from the same period . Share us unloved , maybe because it is India and a coal consumer , but fundamentally it is in a stable
Sector in India and performing well with outgoing costs reducing and revenues all improving
EPS’ increased from 1.77 to 2.14
So roughly 7p a share earnings P/E less then 2 . Go figure!
What specific RNS are you expecting, and when?
Crazy the profit they are making with such a low M/C this should jump 50-60% when the RNS lands