OPG Power Ventures Price

76.25p*

OPG is Trading:

below the 50 day moving average and below the 200 day moving average on below average volume.


* price is yesterday's close
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OPG Power Ventures Ranking

Overall Ranking:

197 of 1493

Utilities Ranking:

5 of 16


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OPG Power Ventures 3 Month Chart Chart from Trading View


OPG Power Ventures RNS, News & Media OPG Power Ventures RNS, News & Media from Proactive Investors OPG Power Ventures RNS, News & Media from BRR Media UK Share News from Interactive Investor


Headline
1 Feb 2016
OPG updates on Gujarat commercial opsfrom Interactive Investor
1 Feb 2016
RNS press release - Gujarat plant second 150 MW unit operational from Proactive Investors
31 Dec 2015
Media files - Which UK stocks could prosper in 2016? from Proactive Investors
23 Dec 2015
News - OPG Power - Broker spies a 'buy' opportunity from Proactive Investors
22 Dec 2015
RNS press release - Chennai weather update from Proactive Investors
22 Dec 2015
News - OPG Power business returning to normal after Tamil Nadu storms from Proactive Investors
22 Dec 2015
Media files - OPG Power Ventures' Paliwal upbeat on prospects for 2016 from Proactive Investors
14 Dec 2015
News - OPG Power good choice for growth investors – the Share Centre from Proactive Investors
1 Dec 2015
RNS press release - Half Yearly Report from Proactive Investors
1 Dec 2015
News - OPG Power eyes further expansion as interims impress from Proactive Investors
25 Nov 2015
RNS press release - Notice of Half Year Results from Proactive Investors
5 Nov 2015
RNS press release - Trading Update from Proactive Investors
5 Nov 2015
News - OPG up as brokers hail generator's performance from Proactive Investors
5 Nov 2015
News - OPG chief talks dividend as out more than doubles from Proactive Investors
5 Nov 2015
Media files - OPG a bright spot in Indian power market, says Cantor analyst from Proactive Investors
30 Oct 2015
RNS press release - Notice of Trading Update from Proactive Investors
7 Oct 2015
RNS press release - Result of AGM from Proactive Investors
5 Oct 2015
RNS press release - Gujarat Transmission Line Update from Proactive Investors
5 Oct 2015
RNS press release - Chennai Sales Contracts from Proactive Investors
5 Oct 2015
News - UPDATE - OPG Power Ventures says diversification key as it unveils new contracts from Proactive Investors
29 Sep 2015
News - OPG Power Ventures has a new fan in Macquarie from Proactive Investors
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OPG Power Ventures Discussion on Interactive Investor

Re: Continues to deliver by LuckyHooker

  Tue, 02 Feb 2016 08:59:00 GMT

Oldernowiser

I agree. I'm fully expecting a press release which says that all of OPG's assets have turned into solid gold, followed by the SP drifting down another 0.25p.

I guess we have to hope that patience will be rewarded.

LH


By LuckyHooker


flourish

Continues to deliver by oldernowiser

  Mon, 01 Feb 2016 10:04:00 GMT

I have difficulty understanding the lack of support for OPG as it continues to deliver its projects very close to timetable and the Indian rupee has overall been fairly stable against the pound. It may just be sentiment against developing countries but I think OPG should be an exception as it has been very consistent and India is one of the safer countries.

By oldernowiser


flourish

Interesting by roco200

  Wed, 13 Jan 2016 18:55:00 GMT

Mark Slater has been busy buying more...though the article's title is slightly misleading as he's bought INSE as well as OPG :o))

Http://www.whatinvestment.co.uk/financial-news/shares-and-trading/2501681/star-fund-manager-mark-slater-the-one-uk-share-that-i-have-bought-more-of-during-the-recent-volatility.thtml

"The stock he has been buying more of recently is OPG Power Ventures, a £225 million market cap company that is primarily focused on running power plants in India. The company made a profit of £21.65 million in the year to the end of March 2015, on a turnover of just less than £100 million.

Slater commented, ‘this is a stock that has been hit because of negativity towards emerging markets and coal, but we don’t think it is justified. It is a company that is delivering on expectations, it is doing what it should be doing.’"


By roco200


flourish

Re: OPG Seems a Pricing Anomoly (too low) by Source

  Sun, 27 Dec 2015 11:49:00 GMT

Posted from another baord but this broker update seems pretty much what I've been saying for a while now! (smiling ) Nice to see others share the view though!

Regards
Source.

--

Http ://www.proactiveinvestors.co.uk/companies/news/120775/opg-power-broker-spies-a-buy-opportunity-120775.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-345416-proactivity+-+23%2F12%2F2015

"OPG Power - Broker spies a 'buy' opportunity
09:22 23 Dec 2015

Shore Capital pointed out OPG trades on just 7.3 times prospective earnings, which equates to an enterprise multiple of 5.5 times.

Broker Shore Capital restated its ‘buy’ on India-focused generator OPG Power Ventures (LON:OPG), which has been on the slide of late.

That share weakness provides an opportunity for the savvy investor, it reckons.

“We can see no discernible reason for this weakness, indeed, in our view, given the underlying strong operational progress that has been achieved over the last year with all generating units set for completion and normal economic operation over the next quarter or so, the weakness feels quite anomalous to us,” analyst Robin Speakman said in a note to clients.

The Shore specialist reckons his “forecasts stance is solid” for the key full-year 2017, the first full 12 months operation of the mature OPG business.

Yesterday the company moved to re-assure investors after a 16% slide in the value of the stock in the last month. It said flooding in the Chennai area of India had minimal impact on its operation there.

Looking at the investment case, meanwhile, Shore’s Speakman highlighted the value of the stock after the recent retracement.

It now trades on just 7.3 times prospective earnings, which equates to an enterprise multiple of 5.5 times. It also generates a free cash flow yield of 12.8%, with dividend payments on the horizon.

Speakman said he was waiting for “visibility” on management’s longer-term growth plans, with OPG revealing recently it had signed very tentative agreements of on a potential 4,200 megawatts of power projects across both thermal and renewable sectors.

“Funding for [these] projects is not in doubt to our minds – the company is already strongly cash positive, cash flow now beginning to increase materially with a very robust balance sheet,” said the Shore analyst."


By Source


flourish



flourish

OPG Seems a Pricing Anomoly (too low) by Source

  Thu, 24 Dec 2015 11:21:00 GMT

Nice thread and insights here by Gallant and others. Nice to see balanced views and commentary.

For my part I know broker forecasts need some seasoning sometimes but OPG has 9 different forecasts (many reiterated only in the last few days too). ALL these are now forecasting an OPG share price of between 120p and 150p.

LINK

-- Given OPG's recent confirmations on the company progress that:-

(1) Its business has not been meaningfully impacted by the major floods in Chennai;

(2) Its plants remain undamaged;

(3) Rumours of cash calls are completely unfounded;

(4) It has picked up new business in Chennai;

(5) G2 is still on target as are its plans to get to 750MW (hopefully sooner than later - per my previous comments!)

(6) Has existing opportunities and land for short/mid term expansion & is exploring numerous longer term opportunities for major further expansions.

(7) Its markets seem to remain very buoyant and growing - supported strongly politically, socially and economically;

(8) OPG's new freight ships will increase its cost advantages. Etc etc

(9) A dividend flow is planned which will hopefully bring in new investors types and hopefully push this higher while also reducing volatility . Etc etc...

While there are obviously risks involved it is still very hard to not conclude the current low prices that the risk/reward seems more favourable than any time in the last 2 to 3 years.

I'm of the opinion that the current pricing is an anomaly. Hopefully one that shouldn't/won't last long as the price discrepancy starts sinking-in wider and bigger buyers start to avail to the opportunity at these low share prices.

It may now take till after Christmas but the above facts will not be going away (smiling )

IMVHO DYOR
Seasons Greetings to All!


By Source


flourish

OPG - Broker spies a 'buy' opportunity by gallant02

  Wed, 23 Dec 2015 08:39:00 GMT

Shore Capital pointed out OPG trades on just 7.3 times prospective earnings, which equates to an enterprise multiple of 5.5 times. Shore reckons the current share price should generate investor interest.

LINK

Broker Shore Capital restated its ‘buy’ on India-focused generator OPG Power Ventures (LON:OPG), which has been on the slide of late.

That share weakness provides an opportunity for the savvy investor, it reckons.

“We can see no discernible reason for this weakness, indeed, in our view, given the underlying strong operational progress that has been achieved over the last year with all generating units set for completion and normal economic operation over the next quarter or so, the weakness feels quite anomalous to us,” analyst Robin Speakman said in a note to clients.

The Shore specialist reckons his “forecasts stance is solid” for the key full-year 2017, the first full 12 months operation of the mature OPG business.

Yesterday the company moved to re-assure investors after a 16% slide in the value of the stock in the last month. It said flooding in the Chennai area of India had minimal impact on its operation there.

Looking at the investment case, meanwhile, Shore’s Speakman highlighted the value of the stock after the recent retracement.

It now trades on just 7.3 times prospective earnings, which equates to an enterprise multiple of 5.5 times. It also generates a free cash flow yield of 12.8%, with dividend payments on the horizon.

Speakman said he was waiting for “visibility” on management’s longer-term growth plans, with OPG revealing recently it had signed very tentative agreements of on a potential 4,200 megawatts of power projects across both thermal and renewable sectors.

“Funding for [these] projects is not in doubt to our minds – the company is already strongly cash positive, cash flow now beginning to increase materially with a very robust balance sheet,” said the Shore analyst.


By gallant02


flourish

PR finally clicked into action by gallant02

  Tue, 22 Dec 2015 16:11:00 GMT

OPG Power Ventures' Paliwal upbeat on prospects for 2016:

LINK

OPG Power business returning to normal after Tamil Nadu storms:

"OPG's 414Mw plant in Chennai remained available for production throughout the rain. Indian electricity utility OPG Power (LON:OPG) has come through recent heavy rain in Tamil Nadu province without damage or injury to staff, it reported today.

Its 414Mw plant in Chennai remained available for production throughout the rain.

Coal stocks remained available in on-site sheds, while excess water from the site drained away so effectively that local communities also used its drainage systems.

Demand for both power and grid availability were affected by the weather, but the reduction in revenues was slight and trading for the year is in line with market expectations.

OPG mean while has now agreed to supply local power company TANGEDCO all of the output from one 77Mw unit at a net tariff of R5.05 per KwH until the end of May 2016.

All of the output of the 414MW Chennai plant is currently contracted.

Arvind Gupta, chief executive, said: "The people of Chennai bore the brunt of recent weather events and I'm humbled by their resilience.

“Our business has also demonstrated its resilience in limiting any impact from recent events and activity is now returning to normal."


By gallant02


flourish

Re: Opportunity? by jezza51

  Tue, 22 Dec 2015 14:31:00 GMT

agreed - bought a small amount today - hope it will continue drifting lower so can keep adding...

By jezza51


flourish

Re: Opportunity? by woodee

  Tue, 22 Dec 2015 11:52:00 GMT

Spankaroocould not agree more. Pre Xmas shorting, I think. Will also top up today. Once it turns, it will move up quickly. Too much good news in the pipeline, to stay at this price.

By woodee


flourish

Re: Opportunity? by spankaroo

  Tue, 22 Dec 2015 08:59:00 GMT

On the back of no news, I couldn't resist buying a few. Just looks oversold on the facts - time will tell

By spankaroo


flourish

Opportunity? by spankaroo

  Tue, 22 Dec 2015 07:54:00 GMT

Down nearly 20% since the beginning of the month. This would normally imply a material profit warning had been issued, but we have heard nothing from the company and the floods have come and gone (well cleaning up). As someone has rightly said, the company should have released an announcement a long time ago if a material event had happened to change forecasts or outlook. Pre-xmas low volumes and panic momentum selling sending this down. 14 day RSI now at 12.5. which looks too low

By spankaroo


flourish

Price of illiquidity... by gallant02

  Mon, 21 Dec 2015 11:46:00 GMT

Amazing that such modest sale volume can move the price down so much. Has to represent a great buy at this price - any chartists out there who can shed light on expected future movements?

As an aside I emailed the company recently asking whether recent floods in Chennai had impacted operations, but no reply...!


By gallant02


flourish

"OPG eyes further expansion by gallant02

  Tue, 01 Dec 2015 10:18:00 GMT

....as interims reveal its financial transformation" says Proactive Investor.

"The results were achieved against a backdrop of increased output with operating capacity more than doubled year on year to 600 megawatts and set to grow to 750 megawatts ‘imminently’.

First half results from India-focused OPG Power Ventures (LON:OPG) revealed the real and positive financial impact of its expansion on the sub-continent.

Underlying pre-tax profits advanced 46% in the six months ended September to £15mln, while the operating margin increase by five percentage points to 41%. At the same time earnings per share grew 52%, while gearing (debt levels) were down three points at 59%. A loan repayment of £13mln was made, while net debt at the period-end was just under £243mln.

The results were achieved against a backdrop of increased output with operating capacity more than doubled year on year to 600 megawatts and set to grow to 750 megawatts ‘imminently’.

OPG has power stations in Gujarat State and Chennai, Tamil Nadu.

And it has a mix of higher tariff contracts with industry customers.

The company is looking at a ‘pipeline’ of further projects, but restated its commitment to “introducing dividend policy”.

OPG said it had recently signed two separate non-binding memoranda of understanding to develop 1,500 megawatts of renewable projects along-with two high-efficiency thermal projects with a total capacity of 2,700 megawatts.

“These could be potentially exciting developments,” OPG said in a statement accompanying results. “The company will evaluate these potential projects and will update the market should any of the projects proceed.

“Part of the analysis of any project will include ensuring that the optimum funding structure for OPG is implemented, given the company's forecast cash generation alongside the board's intention to initiate a dividend.”


By gallant02


flourish

Re: Top of list - overstated? by gallant02

  Mon, 16 Nov 2015 08:30:00 GMT

All very fanciful and typical political speak - if that is top of the list it indicates how less credible the rest of the list must be...

I'm a big fan of OPG but these figures don't do them any favours in my view. I'll be happy if they can quickly get to the 1,250 MW capacity they've spoken about before.


By gallant02


flourish

Top of list - overstated? by roco200

  Sat, 14 Nov 2015 17:09:00 GMT

LINK

By roco200




OPG Power Ventures Discussion on London South East

Fully operational by HFWizard

  Mon, 01 Feb 2016 13:50:53 GMT

So we are fully up and running at 750mw!!

By HFWizard


flourish

Trade by Ctw2014

  Mon, 01 Feb 2016 09:25:51 GMT

That was £191.25k of course!

By Ctw2014


flourish

Re: sp drop by Ctw2014

  Fri, 29 Jan 2016 19:04:58 GMT

Large delayed trade of £191.25 from close of play yesterday. I wonder if that has been having a negative impact on the sp while the order was being filled by the MMs?

By Ctw2014


flourish

sp drop by Pt-78

  Fri, 29 Jan 2016 15:12:41 GMT

Likewise, I am surprised and disappointed in the sp. My view was with with the recent 120% increase in capacity, plus another 25% this month, and India's need for power, along with a promise of a dividend, we would be trading above the £ by now. I noticed in the half yearly report on Dec 1st, there was a mention of the next phase of expansion :-

By Pt-78


flourish



flourish

Re sp drop by Ctw2014

  Fri, 29 Jan 2016 08:57:10 GMT

We have been on a downward trend since the middle of last year whilst projects have come on stream, risk has reduced, and revenues/profit increased. Doesn't make any sense and once more people cotton on to the potential here the trend will reverse and we should break back through £1 easily in my view. Just a matter of time. I would be topping up at these prices if I had any spare cash.

By Ctw2014


flourish

sp drop by HFWizard

  Thu, 28 Jan 2016 09:01:20 GMT

Perhaps there are a few waiting in the wings for the last 150mw to come online. This is scheduled for Jan but there are typically slips in deadlines when try need to wait for the govt to fulfil certain infrastructure/connectivity. If I remember correctly when they announce that the dividend policy will be announced. That I hope will see more serious long termers invest here.

By HFWizard


flourish

sp drop by afrc

  Wed, 27 Jan 2016 19:42:47 GMT

And still the sp is going down.This share's performance has been very disappointing even before the recent market falls.It made some gains when the recent positive trading update came out and then gave them all up.

By afrc


flourish

Somebody by Ctw2014

  Wed, 27 Jan 2016 16:59:23 GMT

...loading up in 25k chunks today

By Ctw2014


flourish

Big sell ... by Ctw2014

  Tue, 12 Jan 2016 11:32:48 GMT

.... Knocked us back slightly but we seem to be ticking back up on buys now. This is a no brainer in my view despite recent dissapointing sp performance.

By Ctw2014


flourish

Great time to buy by Mr-codders

  Sat, 09 Jan 2016 12:46:22 GMT

Panic over...demand is growing exponentially....bottom hit i believe imho....!

By Mr-codders


flourish

Dividend policy by Ctw2014

  Tue, 05 Jan 2016 13:43:17 GMT

Last Annual Report says Board expect to announce dividend policy following sustainable ramp up of 750 MW. That can't be far off.

By Ctw2014


flourish

Slowly ticking up by HFWizard

  Tue, 05 Jan 2016 10:46:31 GMT

Does anyone have an idea when more info on the dividend will be released?

By HFWizard


flourish

Slowly ticking up by Ctw2014

  Tue, 05 Jan 2016 10:36:36 GMT

...on relatively small volumes. A bit more volume and the pace should accelerate.

By Ctw2014


flourish

A safe stock by Mr-codders

  Fri, 01 Jan 2016 21:24:35 GMT

For 2016....with plenty of upside...!

By Mr-codders


flourish

OPG tipped for 2016.... by rivaldo

  Thu, 31 Dec 2015 10:39:16 GMT

OPG tipped for 2016 by the Share Centre....

By rivaldo