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  • Re: Solid Update by gallant02
    Tue, 11 Aug 2015 07:25:00 GMT

    A month later than expected and not overly informative. Although output increased over 30% the lower tariff means revenue up around 25%. Steady as she goes, I suppose it's good that they are so predictable, no shocks as such.

    I suspect a real surge in the sp will take a little longer. By gallant02
  • Solid Update by tasagil
    Tue, 11 Aug 2015 06:31:00 GMT

    RNS this morning:- By tasagil
  • On track for October switch on by gallant02
    Thu, 06 Aug 2015 13:46:00 GMT

    Guess this will have to do for an up-date...

    "OPG Power’s (LON:OPG) new power plants should be up and running in October as scheduled, according to Canaccord, which has just visited the sites in India.

    Capacity will rise to 750Mw when the new plants come on stream, which will drive strong cash flows and allow a reasonable dividend as well as reinvestment in new opportunities.

    The house broker has a price target of 134p currently, but said the potential for further capacity to be added at Chennai and Gujarat can lift this higher.

    “The Indian power market remains attractive to those who can execute and we think that OPG has proved itself several times over in this regard. “

    The two new coal-fired stations are the 180 Mw Chennai IV project and the 300 Mw Gujarat project. Chennai IV uses compact equipment which has allowed a larger plant to be built on a small site.

    Gujarat will be ready once the second transmission line is completed and Canaccord is confident its whole 300Mw will be available to make commercial sales from October.

    Meanwhile, competition in India has been hampered by the government’s de-allocation of mines and a reluctance of State Electricity Boards to sign long term power purchase agreements with these units.

    Against this background, OPG's flexible approach stands out with coal sourced from both India and Indonesia.

    Buy says the broker. Shares were 100p today." By gallant02
  • Trading up-date by gallant02
    Tue, 21 Jul 2015 10:11:00 GMT

    Was promised to be released "mid-July", hope the delay means more good news worth waiting for.... By gallant02
  • Re: by tasagil
    Sat, 11 Jul 2015 15:14:00 GMT

    You are right in that assumption but like any currency exchange rate it is by nature very fluid.
    In the past year we have had the exchange rate as high as 103.5 and as low as 91.03.
    In 2010 it was at 65ish and yes that would help. I think it is as important to look at the dollar rupee rate as approx 70% of coal is imported and this is paid for in USD. OPG can do nothing about exchange rates but I'm sure the management will continue to look at favourable long term arrangements to mitigate any fluctuations. e.g. See the current agreement with Noble regarding the freight costs which will improve considerably from circa 2017.(See final results for year end march 2015). By tasagil
  • £1 = 100 rupees by evenlongershot
    Mon, 29 Jun 2015 09:40:00 GMT

    Am I right in thinking that a strengthening pound against the rupee is bad for OPG? Back in April £1 bought approx 93 rupees and now it's more like 100 rupees. If OPG revenues are then translated into GBP reporting currency then isn't a strong sterling bad news? Clarification please?! By evenlongershot
  • Re: Midas tip in Sunday Mail by tasagil
    Mon, 22 Jun 2015 06:38:00 GMT

    link

    A pretty good write up which should (Grexit withstanding) educate new investors into the existence of OPG. There are a lot of good Aim Co's around but it is impossible to research all and this should act as a catalyst for a re-rating for the stock. By tasagil
  • Re: Midas tip in Sunday Mail by Ripley94
    Sun, 21 Jun 2015 10:52:00 GMT

    nc By Ripley94
  • Midas tip in Sunday Mail by roco200
    Sun, 21 Jun 2015 08:19:00 GMT

    Got to be good news.
    Will we see a sp reaction tomorrow? By roco200
  • Re: OPG's business model looks compelling by LuckyHooker
    Wed, 17 Jun 2015 09:17:00 GMT

    Thanks for that gallant2.

    I invested a while back on a SCSW write up which saw the company as a potential multi-bagger over a 2-3 year outlook.

    This recent write up is also positive.

    I continue to hold. By LuckyHooker
  • OPG's business model looks compelling by gallant02
    Tue, 16 Jun 2015 15:09:00 GMT

    Proactive Investor:

    The share price movement in the past year has done little to reflect the progress made to date by OPG Power Ventures (LON:OPG).

    The India-focused generator, which is led by chief executive Arvind Gupta, has passed something of a landmark.

    It is generating 600 megawatts of electricity now that the 180 megawatt Chennai IV plant, in Tamil Nadu state, has gone into full commercial operation.

    By September, it should be operating at 750 megawatts.

    Contrast this with a year ago when the switch on of the third Chennai power plant took capacity to 270 megawatts.

    So operationally, the company has come a long way in a very short space of time, with boss Gupta delivering the expansion plan on schedule and to budget.

    Yet the share price has been little moved in that time.

    For investors, this provides an opportunity – an entry point.

    Financially, the company will start to benefit from this buildout in the current financial year. In the one just gone, OPG posted revenues of £100mln and EBITDA of £33.4mln.

    The latter figure will more than double to £74mln in the current year and then move to £84mln for the year ended March 2017, according to the broker Cenkos. Debts, currently £260mln (giving a gearing of 59%), are forecast to fall to around £204mln by March 2017.

    Whisper it, analysts are even talking about OPG paying a dividend.

    As profitability grows, so the valuation starts to look compelling, based on Cenkos’ numbers.

    The enterprise multiple (which includes the impact of those debts) comes down from an historic 18 times to 8.1 this year and 6.6 next. Cenkos analyst Andrew Blain told investors: “With a step change in earnings and cash flow anticipated this year, we believe OPG stock is highly attractive at current levels.

    “A proven business model with significant expansion opportunities in a favourable macro environment makes for a compelling investment case; offering long term growth and income, we reiterate our buy recommendation.”

    At this point it is worth reminding ourselves of the OPG business model.

    Rather than go for broke (quite literally in the case of India’s dysfunctional power market) and building large, regional plants, the AIM-listed group has opted to develop smaller, modular units.

    And they are able to alternate between imported and locally produced coal to mitigate the input costs, while the model has always been to tap commercial demand for electricity.

    That said, today’s announcement revealed that Chennai IV will sell its output to the Tamil Nadu Generation and Distribution Company for 5.50 rupees per kilowatt hour effective until September.

    With OPG set to hit 750 megawatts later this year, it is eyeing further capacity expansion to over 2,000 megawatts, according to City broker Sanlam.

    Analyst Mark Cartlich in a recent note said the firm has the land to expand with the capacity for another 600 megawatts possible in Gujarat and 750 in Chennai.

    It also has the possibility to develop up to 300 megawatts of renewable power from a mixture of wind and solar production.

    Demand for electricity per head of population in India is rising strongly yet supply remains constrained.

    However, the outlook in India is looking brighter, due to, among other factors, Prime Minister Modi’s economic stance.

    In February, City firm Investec noted: "OPG is likely to ‘grow with India’ and consider investments across a broad technology spectrum from fossil-fuel fired power plants to renewables.

    “We see a strong rationale for OPG to participate in this process.

    "It would involve OPG gradually becoming a multi-technology electricity generator, with diversification benefits in terms of operations.” By gallant02
  • Re: Today's share trades by jonnydurex
    Wed, 03 Jun 2015 17:46:00 GMT

    Am now in profit!. Do feel patience will reward those happy to stay around-that includes me.-at the moment. gla jd By jonnydurex
  • Today's share trades by gallant02
    Wed, 03 Jun 2015 13:05:00 GMT

    Over 1m already traded today vs 100k 90 day average suggests that the penny is finally dropping somewhere.... By gallant02
  • Re: Questor renew by gallant02
    Wed, 03 Jun 2015 07:37:00 GMT

    A link would help I suppose...

    https://uk.finance.yahoo.com/news/questor-share-tip-opg-shares-174604678.html By gallant02
  • Questor renew "Buy" recommendation by gallant02
    Wed, 03 Jun 2015 07:35:00 GMT

    Hardly pushing the boat out, but reads well.... By gallant02
  • coal by Wuffle
    Mon, 31 Aug 2015 09:29:04 GMT

    Done some more digging. Coal has eased back quite a bit since last year and represents a huge input cost - roughly 60% of turnover last year at an average cost of about $60 per ton (Indonesian). There is bound to be complexity that I am overlooking but superficially OPG would appear to be making more cash right now from existing plant than the figures from last year would indicate. All of this sidesteps the tricky business of exchange rates of course. And global meltdown.
  • RE: Ownership by Wuffle
    Sun, 30 Aug 2015 11:04:11 GMT

    Z4cruiser, M & G Investments have £40m in here, so if we are going to get our pants pulled down we will be in good company. I see the opposite to be honest, any further interest can only buy into the remaining 30%. The growth is not coming as a surprise here so some will have been priced in, but I think this general dip has swung the odds in my favour. Macro stuff like currencies are a variable and warrant observation but the nuts and bolts here seem OK.
  • RE: Ownership by Z4cruiser
    Sun, 30 Aug 2015 09:05:09 GMT

    Can the directors and family who own half the shares buyout the rest of shareholders at an unfavourable rate? If this is not a risk then this share should rise by say at least a half to reflect improved revenues from increased capacity. Just need the transmission lines to be fully commissioned.
  • Ownership by Wuffle
    Sun, 30 Aug 2015 08:26:35 GMT

    Also worth a note is that half of the shares are owned by directors and family. 70% are accounted for by the major holders list on the company website.
  • easing back in by Wuffle
    Sun, 30 Aug 2015 07:14:11 GMT

    I took a small punt on this around Xmas before last and did OK. Exited quite early but with cash in hand. This looks like it might be a decent buy again. The capacity growth was understood back then but much of the execution risk has gone away now. Coal price and dollar/interest rates would appear to be the variables. Coal looks OK unless the Chinese go for a big stimulus - anybody's guess. Dollar and interest rates would appear to be a headwind. Got some at 90. Any comments?
  • 85p by davidelliott
    Tue, 25 Aug 2015 12:16:39 GMT

    as I said earlier I have bought in at just over 85p it looks a very good long term hold.
  • RE: Good trading update today by Pt-78
    Mon, 24 Aug 2015 12:22:23 GMT

    And here we are at 85p.
  • Hard to see why this has dropped .. by Ctw2014
    Sun, 23 Aug 2015 08:33:51 GMT

    ....must just be the general sentiment out there. Bound to recover in my view.
  • RE: Good trading update today by Pt-78
    Wed, 19 Aug 2015 15:58:04 GMT

    I can't see (well hope it doesn't) it going down to 85p with the increased capacity coming on line for nearly a quarter of the year now, with more to come next month. The output of the 180 MW Chennai IV has been sold at Rs 5.5 per Kwh from June until next month. This compares with the average price achieved of 5.25 rupees for the other power plants. (In the June RNS). If the share price is being manipulated, I have used the manipulation to top up but now would like to see a steady rise. Long term hold for me
  • RE: Good trading update today by davidelliott
    Tue, 18 Aug 2015 07:57:06 GMT

    I agree its a great company but looking at the chart support looks to be around 85p which is what im holding out for, going to buy a some at 90p then either 85 or 95p depending which way it moves
  • RE: Good trading update today by notsure
    Tue, 18 Aug 2015 07:37:04 GMT

    pt-78 I had sold at 106 at a small profit to make up for some of my losses and bought back last week at 100 thinking that would be the base but how wrong was I . I cannot understand how a company that is clearly producing good news and must have a strong future given the massive population and the associated demand for energy can have its share price drop by so much. Is it being manipulated again for some big investors buys I wonder. However I am going to remain in this long term and might average down now.
  • RE: Good trading update today by Pt-78
    Mon, 17 Aug 2015 10:53:54 GMT

    Added to my holding today but the buy is showing as a sell. I don't see the reason for the fall in the SP when generation is up 32% and another 25% capacity is coming online next month. Have I missed something?
  • OPG Trading Update - Proactive Inv by only1sonofkong
    Tue, 11 Aug 2015 12:08:00 GMT

    link

  • Good trading update today by rivaldo
    Tue, 11 Aug 2015 07:17:26 GMT

    The outlook is confident and in line with expectations, and Gujarat will be operational at the end of next month. Pleasing stuff.
  • OPG on track > Proactive article by EastamBull
    Thu, 06 Aug 2015 14:21:52 GMT

    Follow this link:-

    link