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Started: davey50, 30 May 2024 07:08
Last post: davey50, 26 Jun 2024 20:08
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
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 !
Started: rivaldo, 19 Jun 2024 13:36
Last post: rivaldo, 20 Jun 2024 13:43
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
Last post: AndreyWalker, 31 May 2024 10:48
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.
Started: davey50, 28 May 2024 13:43
Last post: davey50, 28 May 2024 13:43
Still no idea why they continue to come through here none stop?
Started: rivaldo, 14 May 2024 12:48
Last post: davey50, 24 May 2024 09:24
Https://www.bseindia.com/xml-data/corpfiling/AttachLive/69c08ca8-0e4a-4709-aaa5-3f913a53287f.pdf
We'll get a sneak preview as always of the PBT which of course will be excellent but sadly in this market nobody has the patience to hold so the mm's have had no reason to let the price move to a more fair valuation of 20-30p
Nice move up today.
Not quite sure why as today's buying was mostly done at 11.4p-11.6p - with one rogue small buy at 12p.
Perhaps there'll be some late trades reported tomorrow, or just maybe - hallelujah! - the seller is finally out.
Definitely turning and not before time, bonkers how cheap this is. Day by day stocks issue trading updates and their EBITDA and their ratio's are miles bigger than OPG, one stock had around £28-29 mil but the market cap was like £150 mil. It's about time this got a fair rating
Guys,
Do you think that Gupta's family, who has a controlling interest in the company, is ever going to pay dividends or buy back shares?
As far as I read Outlook, they are going to use cash for M&A instead - "the Company has significantly strengthened its balance sheet and liquidity position which provides OPG with the financial strength and latitude to pursue new growth opportunities in energy transition."
Will see next results
But I do not see it
Never heard direct language about issuing dividends or buybacks
It is very understated
Started: rivaldo, 14 May 2024 07:40
Last post: davey50, 14 May 2024 12:41
4 v 1 L2 at 11-11.5p
Bidding 11.222p, offering 11.48p but can still buy size, I'm hopeful the price will start to recover this afternoon. Just staggering it's this low after that update
Why would you be surprised Bubba they have made just shy of £13million profit in the last six months, on that performance it is expected this trading year they will hit double that in profit dividends will definately land this year, it will all be announced in the next few months.
What was said Dec presentation
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
If there is a dividend which I'd be surprised if there was one, it will likely be a scrip dividend to give the gupta family more shares and it let's them keep a monopoly
Somebody paying 12.8p for 200k then somebody selling 251k at 11.08p...only winners are the market makers
Started: Ronaldtrump, 25 Apr 2024 07:43
Last post: davey50, 14 May 2024 09:47
OTB H1 results adjusted EBITDA £8 mil...market cap £250 million lol
Big question is who is the seller, I thought there was no institutions left to sell out ?
Our regular £10k buyer has just turned up and took 2 more just now
Keep hold Davey brokers want your shares won't be long before OPG are paying divi's and buyers at todays price will be netting a 20%-25% return per annum
This day trading culture has totally destroyed this game. I should be loaded this week on what my stocks have said. First TRAC massive deal yesterday hardly moved and so far OPG 11p bid what the feck is that 11p..we risk holding it all this time for a update which is brilliant and we are 0.5p up come...early days though I think some size buyers will take out this overhang later
No helping some people Davey
I said they'd hit £16million profit in October when the broker update forecast was £12million.
Crazy that a £40million m/c company is making £16million a year in profit.
Still 1 v 3
Moved the bid up to encourage buyers
Started: Hazbeen, 22 Apr 2024 08:09
Last post: davey50, 24 Apr 2024 08:28
FTC up 50% because they will be ahead of guidance.
Hello OPG have already made their guidance for the year in 9 months...but of course until they hopefully announce it when full year numbers are available we seem stuck. Somebody loves buying them up though in the auctions while
all the pi's sell out at the same time
Cenkos been on the bid for ages now mopping up all these sales. Maybe they know something or just like some of us think
it's worth buying at these levels
My holding and recent share sales, while significant to me are not large enough to be holding the price down. I'm sure there are much larger sellers than me. I've gradually reduced from 1.6M to 700K over a few months. One week I might sell 100K, then nothing for a couple of weeks.
I just don't see much upside here anytime soon. Most of what I've sold has been re-invested in SEPL in anticipation of completion of the MPNU deal, and the healthy divis that it already pays.
To put out a presentation via another source to be shown on YouTube is really a total disregard for shareholders here , particularly as the Co RNS’d it had been postponed .
I can see why ppl have been selling now, I can concur with what Bismark has said earlier
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 or dilution , but this all unknown as speculative
Good luck to the invested
Started: Hazbeen, 23 Apr 2024 14:37
Last post: Hazbeen, 23 Apr 2024 14:37
Davey
Surprised you have nothing to say about the presentation now the link to it is available
Started: Ronaldtrump, 17 Apr 2024 21:00
Last post: davey50, 22 Apr 2024 07:47
Hornby. Shares done over 150% last few months £64 mil market cap...huge losses, debt shot up and still no improvement in their business, still surviving on that "brand" name.
BBSN £36 mil market cap net cash £6.8 mil PBT £3.6 mil.
More news in India for OPG but not the final results we await
Maybe OPG should take a leaf out of smaller capped stocks. What you need to do is firstly announce whopping losses lets say £15 million. Then what you do the following year you say business is improving and you are only losing say £8 million a year. You watch the share price rocket and people pile in. But make a profit blimey in all the many years I have been trading I've never seen such a "avoidance" to play stocks doing well. It's all about momentum now so until OPG is next up 10-20% which for some reason never happens it's stuck. But there was a serious dent in the overhang which has been caused by say 4 weeks of scrappy small pi sales probably from people getting bored. It is hard to hold a stock in this market going nowhere or drifting. I cannot wait for those full year results to be sneaked out on the BSE and we get a sneak preview before they hit the market. Remember 9 months profits already booked of £7 mil PBT with "robust" trading and a £7.4 mil broker forecast which surely gets smashed or we hope. I hope our patience pays off and this recovers to a more fair valuation of say 20-30p and it should be more in reality.
Chunky buys in today
Look forward to 11p to go
Decent period of consolidation around here forming a strong support
280k delayed buy and delayed 2 hours that's a biggy, maybe when the markets turn nasty people look to value
Results set to smash full year forecasts 3 weeks to wait for a full year trading update.
Hopefully the trigger to a correction in value / shareprice
Last post: Hazbeen, 16 Apr 2024 09:19
There are daily UT trades most days which is aiding the seller to get out , keeping the shares between 10-11p
Bismark are continuing to sell ?, or is there another seller about
If I were you I would sell Hummingberd while you still can and hold onto these.
I welcome your honesty Bismark but you say what can lift this share when you are stopping any rise by persistently selling small amounts each time it threatens to move. Also selling when we already know 9 month results already match or beat the whole years profit forecast. I cannot bring myself to sell a stock with such sound fundamentals in a bear market myself.
I have a significant holding but have been reducing. I don't think there is much that can lift this share, short of strapping it to one of Elon Musk's Falcon Heavy rockets.
Investor relations are none existent.
Those expecting capital appreciation may not have realistic expectations. The best we can hope for may be a divi?
2 more bits of news on BSE again today, but who cares I think I'm the only person left holding OPG on here.
Started: davey50, 6 Apr 2024 11:21
Last post: davey50, 6 Apr 2024 11:21
Guess we'll find out next week if anybody sold out recently for tax loss reasons buys back. The OPG forums have been incredibly quiet so it does feel like a lot of people have sold out.
Trading is "robust"...seen so many stocks go mad on moderate updates, this stock should blow the doors off when their
numbers are released, we'll probably get a sneak preview again on the BSE.
Started: rivaldo, 21 Mar 2024 08:16
Last post: davey50, 27 Mar 2024 20:03
Somebody bought 280k today via 2 lots, clearly same buyer as both delayed within minutes. The 150k sold at 10p must be a tax seller too desperate to be anything else considering "robust" trading
Zoo rose 50% today because they said their loss would be a lot better than forecasts. £32.5 mil market cap. only about £8-9 mil difference from OPG. OPG would be better off losing £20 million then saying they are only going to lose £15 million the year after shares would rocket....market is nuts now
The Company understands market consensus for FY24 to be revenue of $37.6 million, EBITDA adjusted for share based payments loss of $14.0 million and net cash of $1.6 million.
Davy
We did tell you the buybacks were never gonna happen anytime soon
Desperate market full of stale bull sellers 210k sale today at 10.075p.
What can you do eh...I feel like ringing Cenkos and wasting 5 mins of my life asking them to sort out the promised
share buybacks ffs
If you go back to 2016 they issue this. Read it and does that means OPG have been getting paid back bit by bit and have £10 mil left to receive. Maybe this explains how they smashed their overall debt the last few years, payments received and cash generation from the existing business ?
05 July 2016
5 July 2016
This announcement contains inside information.
OPG Power Ventures Plc
Renewable Growth Projects Pursued
OPG Power Ventures Plc ("OPG", the "Group" or the "Company"), (AIM: OPG), the developer and operator of power generation facilities in India, is pleased to announce an investment in 62 MW of solar projects as part of the Group's ongoing growth strategy.
62 MW Solar Projects in Karnataka (India) - 25 year PPA - expected commissioning in 2017
The Board has approved the Company's investment of GBP45 million in four new solar projects across various locations in Karnataka, one of the most industrialised states in India. This investment is to be funded from a combination of internal cash generation and debt and the Directors expect all four of these new projects to be generating cash flow by June 2017.
The projects were secured in a competitive bidding process and the Company has signed long term (25 year) power purchase agreements (PPAs) at an average tariff of Rs 5 with Karnataka Power Corporation. The targeted return levels are expected to be met without any subsidies being available.
Maiden dividend expectations unchanged - longer term expectations enhanced
The Board announced its initial expectations with regards to dividends on 24 May 2016 and that expectation remains unaffected by this approved investment. The Company's dividend objective is to attain a pay out of 15 per cent of full year net earnings, subject to the level of free cash flow generated calculated after scheduled debt repayments and expected capital expenditure and progress to a long term dividend strategy that pays out a third of the Company's total net earnings in any year. The solar energy business is expected to make a significant contribution towards this target while keeping the Group on a growth trajectory.
Started: davey50, 21 Mar 2024 07:41
Last post: davey50, 21 Mar 2024 08:06
Lol not one trade first 5 mins. This market is screwed, if they are not moving nobody plays, the old school investor is almost extinct "business robust" with fundamentals like that it should be up 30% instantly and should be up 150% overall for a valuation.
No L2 changes opening 3 v 1 at 10.5-11p Peel always late to open
That is the main part of the RNS I like.
I'm not sure of the Debentures but I think it means OPG hold that debt so that is another asset.
So £40-45 mil market cap, last reported net cash £14 mill, profits reported in India (Bse) of 9 months of around £7 mil PBT and they have these debentures on top.
This is getting silly on the value side but then it always did.
Started: Hazbeen, 21 Mar 2024 07:15
Last post: holycustard, 21 Mar 2024 07:38
Yes , sold for a small amount.
I'm not sure thy hold the debt in the way suggested. Haven't they still lent money (which presumably means they receive interest payments as well as why they still retain an interest in all those solar businesses). If my understanding is correct - and I admit, I may well be wrong - it seems a decent deal to me, although unlikely to have a fundamental effect on the sp, either way.
Sold for pennies but I see they still hold the debt
OPGPG will continue to hold the debentures of approximately £10.8 million subscribed in these solar assets.
Is this what you guys were expecting to see when the solar asset was sold?
Started: davey50, 19 Mar 2024 07:55
Last post: davey50, 20 Mar 2024 20:00
Delaying showing a 250k buy 2 days too is shocking and should not be allowed.
A million maybe but 250k is not a fortune on a 10p stock. So by the time they printed it Wins had all the stock back for a lovely profit
Poker games continue on L2 wins naturally drop back after a few traders sell out because it's not moving and now one of the mm switched to the bid so only one mm on 11p, no doubt if that 11p got took out I'm sure Cenkos would switch back to the offer again, it's never ending until the company issues a update
There u go Davey.
Buyer got it today @ 10.9p
Brilliant,
down to 2v2 again. Looks like this will play out like this until we get closer to results now.
This is when I expect the selling to stop.
All pending no nasty surprises
Interesting they are not filling those buy orders in auction now. So somebody wants to buy at 10.9p but will not pay 11p in the market, just 0.1p difference. Just 50k of buys today and of course that did not shift the 2 mm's on offer
Started: realturbo, 20 Mar 2024 11:33
Last post: davey50, 20 Mar 2024 16:37
I wonder if your post caused the selling today realturbo not that I have a issue with it. The risk you have selling out because no results for a while could be you might miss out on say a surprise bid approach at multiples of the current price etc etc.
They might pull their finger out too and start these share buybacks they promised sigh !
3 months until results then.
Might as forget about these until then
This company's UK reporting is disappointing, a total disregard for shareholders and the share price/valuation of company
Going by OPG's news release history, the next release might be in June? Happy to be patient and possibly top up on SP weakness.
Friday, December 15th 2023
Half Year 2024 OPG Power Ventures PLC Earnings Call
Wednesday, December 13th 2023
Half Year 2024 OPG Power Ventures PLC Earnings Release
Tuesday, December 5th 2023
OPG Power Ventures PLC Annual Shareholders Meeting
Thursday, November 9th 2023
Full Year 2023 OPG Power Ventures PLC Earnings Call
Wednesday, November 8th 2023
OPG Power Ventures PLC Annual Shareholders Meeting
Monday, November 6th 2023
Full Year 2023 OPG Power Ventures PLC Earnings Release
Tuesday, June 20th 2023
Full Year 2023 OPG Power Ventures PLC Trading Statement Release
Wednesday, December 7th 2022
Half Year 2023 OPG Power Ventures PLC Earnings Release
Tuesday, November 1st 2022
OPG Power Ventures PLC Annual Shareholders Meeting
Friday, September 30th 2022
Full Year 2022 OPG Power Ventures PLC Earnings Release
Started: rivaldo, 4 Mar 2024 08:15
Last post: davey50, 18 Mar 2024 15:37
Very nice to see this support. Do I recall the last time around 11p a couple of mm's had a seller to clear or overhang becausr they are not budging as of yet and I can still buy size no problem. Hopefully that will fizzle down before the close
Buying more relentless today
Still 2v2 though
Looking better
Buy and sell prices moving up
2v2
Bid up , but buy price unchanged , closing the spread to encourage buyers
Trying to shift the overhang ! Can hope this price has been created by a forced seller and not any nasty surprises
Malfunction this morning in the OPG mm room they have put the bid up instead of down. Can still buy at 10.79p, imagine a stock making serious profits doing 100% in a day instead of stocks going into administration now that would be a refreshing change eh !
Started: Ronaldtrump, 14 Mar 2024 11:57
Last post: Ronaldtrump, 14 Mar 2024 11:58
Looking foward to what should be a year of record revenue and profits
Another 6or7weeks
Started: Hazbeen, 13 Mar 2024 08:08
Last post: Hazbeen, 13 Mar 2024 08:08
Either analysis talked here is wrong or the market has got this wrong
Is there a large seller keeping this down ? If so then it should rise must higher on clearing
Started: realturbo, 29 Feb 2024 11:25
Last post: Bismarck, 7 Mar 2024 21:26
Whoops...wrong board.
Probably applies to OPG too though. Time will tell.
I do often think of taking Buffet's advice, basically sell the lot and by an S & P tracker. Would probably have done much better than backing Hum!
Google S & P 500 and look at the 5 year chart
We'd be better off selling and buying Sed, it seems to have a rising share price you have to be on the brink of administration or similar lose millions a year and have a terrible business....most importantly though now is DO NOT MAKE PROFITS ...that is the worst thing your stocks can do in this market, look at the daily top % risers 95% are total crap as Ratner would say...losing the will sorry...done this game so long 30 years never been so disillusioned with it
Little bit light on the profit forecast Davey @£10million f/y profits will exceed £12million maybe hit £15million if the next round of prompt payments have landed.
Ps did anybody notice a dick buy in auction yesterday at 10.8p and then sell it in the market at 10.8p, wish all these traders would bugger off from a stock like OPG. Anyway as normal you can sell size at a premium they would love that especially mr cenkos who tells clients to buy buy buy while manipulating the price below 11p still, maybe that is a good sign, they know the results too like we do, they know the profits are exceeding forecasts and in the madness of this raging bear market and stocks getting battered trying to raise money here is a £40-50 mil stock with maybe £20 mil net cash now making £10 million profits....it's bonkers lol...deep breaths...and they chase up stuff like Renx same valuation just announced a 6 month loss of $19 million and is running of cash..
Started: Hazbeen, 7 Mar 2024 11:22
Last post: Hazbeen, 7 Mar 2024 11:22
?
Started: Hazbeen, 1 Mar 2024 11:18
Last post: Hazbeen, 1 Mar 2024 11:21
Makes no sense as we already have a good idea from BSE news
Cenkos on the lowest bid at 9.5p now , what do they know about the numbers?
Started: rivaldo, 22 Feb 2024 09:09
Last post: davey50, 29 Feb 2024 09:52
Well what chance do you have with these mm's constantly manipulating the price. Cenkos now dropping the offer, they say buy these it's worth 27p and all they do is force the price below 11p none stop, maybe there is a delayed sale to show to warrant it. 6p to 12p but it was over 60p once and it should be at least 20p right now. I'm still confident that when these numbers are released it will go bezerk
Never replied to me either. I've even sent an email to the Chairman and nothing either.
Need to find out who is behind Prana GP Limited and Talisman 37 Limited and get them to start pressuring the Guptas to focus on share price as well. However, the reality is they bought in at January 2023 when OPG was trading at 6p. So within 12 months they have doubled their investment from ~£2.5m to ~£5.0m so don't think they'll care much if this moves sideways for a couple of years.
Have they ever replied to emails ? none of mine get answered. Maybe it's Cenkos/Cavendish who we need to direct this issue at. Mind you it's just a case of patience, when they do finally announce the numbers I still think it will spike big style
I tried to email the board about why results get released early on BSE but they didnt respond back
They should delist off the LSE it has no value to them
Actually it's worth looking at Mcbride today half year results which were excellent, £17 mil half year profit on a £150 mil stock is great and they have a pile of debt, the price closed at 73p and opened at 82p so nobody got anywhere near the closing price and it finished at 88p, only just read these results 5 mins ago so do not hold them. The point is OPG results smash anything on the market, I've yet to see any stock make as much profit v their market cap and have a strong net cash position, you can get stocks making a good % of their market caps in profit but they have a lot of debt too.