Investor Soiree Butler OPG Power Ventures OPG.L

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  • Cantor Fitzgerald. by gallant02
    Mon, 04 May 2015 15:50:00 GMT

    "Small cap power stocks generating investment appeal.

    We believe investors should consider gaining exposure to the smaller independent companies that are taking advantage of the widespread changes in the market,” said Adam Forsyth, analyst at broker Cantor Fitzgerald.

    Forsyth points to four key areas where independents can benefit from where they sit within a nation’s power industry; distributed generation, embedded generation, fuel-less generation and captive generation.

    When it comes captive generation, Cantor reckons AIM-listed OPG Power Ventures (LON:OPG) fits the bill.

    The Indian electricity supplier develops and operates its own power plants in the country and has a captive model, meaning it sells direct to businesses rather than the grid.This allows it to sustain premium pricing and secure output and the firm is on track to reach its 750 megawatt (Mw) production target in June this year and is eying a further expansion to over 2000Mw.

    With the company on the cusp of tripling capacity, Cantor believes the shares, priced at 89p, look good value.

    That view was echoed by City broker Investec in February, which said it expected OPG’s the new capacity to lead to a doubling of profits by 2017, lower debts and the start of dividend payments." By gallant02
  • Re: Broker target 130p sp by oldernowiser
    Fri, 17 Apr 2015 17:26:00 GMT

    I was surprised that the update did not result in a more positive move for the sp. It has been over 100 before now with execution risk still relatively high. I think this is definitely one to hold for the longer term. So far they have pretty much hit all their targets and have big plans for the future. By oldernowiser
  • Broker target 130p sp by gallant02
    Fri, 17 Apr 2015 14:14:00 GMT

    Hardly reflects the new capacity, but will do for starters...

    "India-based power generator OPG (LON:OPG) is about to be transformed, says cantor Fitzgerald, with execution risk about to fall away on the completion of 480MW of projects to take total capacity to 750MW.

    Cantor believes this means most of the real risk is out of the way but the shares do not yet reflect this.

    Positive changes in the wider Indian economy are also being overlooked. Buy with a target price of 130p, say the broker." By gallant02
  • Re: RNS: Operation Update by gallant02
    Tue, 14 Apr 2015 12:16:00 GMT

    About time we heard something, initial market response lukewarm.... By gallant02
  • RNS: Operation Update by tasagil
    Tue, 14 Apr 2015 09:05:00 GMT

    Looks positive, buy for the future! By tasagil
  • No news? by gallant02
    Wed, 01 Apr 2015 15:43:00 GMT

    The last update stated that 300 MW Gujarat - expected to commence operations in early March 2015 &180 MW Chennai IV - expected to commence operations in March 2015, so strange we haven't had a RNS confirming such.

    Both should be fully ramped up by end Sep when profitability should rise sharply, poor if they are awaiting y/e trading update to remind the market of this news.... By gallant02
  • Re: update by Tax Inspector
    Fri, 27 Feb 2015 18:40:00 GMT

    Trading update pretty much as expected. Good to see ramp up of capacity in March and beyond.

    Just don't understand why this was released after trading had closed and on a Friday. Let's hope the journos pick up the story over the weekend to ensure share price momentum on Monday. By Tax Inspector
  • update by king sinbad
    Fri, 27 Feb 2015 17:16:00 GMT

    OPG Power Ventures plc

    27 February 2015

    27(th) February 2015

    OPG Power Ventures plc

    ("OPG", the "Group" or the "Company")

    Trading update for the three months ended 31(st) December 2014

    OPG (AIM: OPG), the developer and operator of group captive power generation plants, announces the following trading update for the three months ended 31(st) December 2014 ("Q3 FY15").

    Highlights

    -- Average Plant Load Factor (PLF) of 94% and average tariff of Rs 5.71 in Q3 FY15;
    -- 300 MW Gujarat : 150 MW unit I synchronised, plant expected to commence operations in early March;

    -- 180 MW Chennai IV expected to commence operations by April 2015
    -- Over 10% increase in tariff on 55 MW Group Captive sales in Tamil Nadu
    Operations Summary


    Parameter Quarter ended Nine Months ended Year ended
    = =
    31 Dec 30 Sep 31 Dec 31 Dec 31 Dec 31 Mar
    14 14 13 14 13 14
    = == == == ==== ==== =
    Generation (million
    units)
    Chennai I 167 115 161 429 493 646
    Chennai II 173 158 178 500 512 668
    Chennai III 145 152 178 457 355 527
    = == == == ==== ==== =
    Total (million
    units) 484 425 518 1387 1360 1,841
    = == == == ==== ==== =

    PLF (%)
    Chennai I 98 67 95 84 97 96
    Chennai II 102 93 105 98 101 99
    Chennai III 82 86 101 87 88 92
    = == == == ==== ==== =
    Average (%) 94 82 100 90 96 96
    = == == == ==== ==== =

    Tariff (Rs/kWh) 5.71 5.58 5.54 5.61 5.55 5.55
    = == == == ==== ==== =

    Power generation in Q3 FY15 was 14% higher than the immediately preceding quarter and 7% lower than in the previous year following the effect of planned shutdowns. For the same reason, average PLF across the three operating units for the nine months to December 2014 was 90%. Average tariffs have remained constant.

    Average load factors for the three units in January 2015 were above 90% and overall, we expect an average PLF of approx. 90% for FY15 at the Chennai plant as a whole.

    Projects

    300 MW Gujarat - expected to commence operations in early March 2015

    With the plant now synchronised with the grid, the plant is expected to commence operations early in March 2015, selling power under the Group Captive model to industrial customers using an interim transmission line whilst the second 150 MW unit is expected to be synchronised during the next quarter. Ramp up of the plant is now expected by Q2 FY16.

    180 MW Chennai IV - expected to commence operations in March 2015

    This unit is in the final phase of commissioning and the Company expects to start operations by April 2015. Sales are to be to TANGEDCO until September 2015.

    Domestic coal supply unaffected by ongoing coal block reallocation

    Following the de-allocation of coal blocks under a Supreme Court order last year, the Government of India has established a process for re-allocating blocks or mines through a series of bidding processes. We were not affected by the de-allocation as our domestic coal, which has in the past made up between a third and half of our coal supply at prevailing market price, is provided to us under a linkage arrangement from mines operated by Coal India Limited. Those linkages remain in place and all of the domestic coal we anticipated during the quarter was received by us. We continue to maintain our current track record of no generation outages on account of fuel shortage.

    Interest Rate reduction by Reserve Bank of India ("RBI")

    The RBI announced a 25 basis points cut in benchmark interest rates in January 2015. We expect a corresponding rate cut to be effected across our plants in the next quarter.

    By king sinbad
  • Re: Big Question- will investors see a by gallant02
    Fri, 27 Feb 2015 10:10:00 GMT

    They said that they would pay a divi once the new capacity was up and running, we are unlikely to hear anything on a divi for min 6 months I would have thought.

    I prefer to learn of plans for the next stage of growth and that new capacity remains on track. By gallant02
  • Big Question- will investors see a by Seagull2
    Fri, 27 Feb 2015 07:30:00 GMT

    Dividend being announced in it's results as company has previously indicated a desire to start paying dividends. No matter how small the significance of company announcing commencement of a Dividend would be a major milestone for the company and signal the coming of age of the company imho. I believe sp would respond very favourably also.

    Good luck holders

    Seagull By Seagull2
  • Re: Only three days to go!! by LuckyHooker
    Wed, 25 Feb 2015 07:46:00 GMT

    Personally, I struggle with the idea that it could be a good omen that a trading update is due in three days' time.

    After all, that criteria applies to all trading updates, three days before they are due.

    LH By LuckyHooker
  • Only three days to go!! by tasagil
    Tue, 24 Feb 2015 08:48:00 GMT

    Trading update due Feb. Not much time left! Is this a good omen? By tasagil
  • Financial Calendar by roco200
    Thu, 12 Feb 2015 10:42:00 GMT

    A forward looking financial calendar is now featured on the Co web site.
    Trading update due this month. By roco200
  • Re: OPG Power to grow with India says br... by king sinbad
    Fri, 06 Feb 2015 16:15:00 GMT

    Its always best to be conservative with new projects. I totally agree I think this should have a lot more upside than £1.50 By king sinbad
  • Re: OPG Power to grow with India says broker by JJHBev
    Fri, 06 Feb 2015 16:08:00 GMT

    I hope that the Investec revenue forecasts prove to be very conservative.

    In the 6 months to end Sep 2014 the revenue from Chennai I, II & III was £46.5m – and this was with Chennai I offline for a month and a £:INR exchange rate of approx 100 against approx 94 now.

    So IMO Chennai I, II & III should generate £100+m pa of revenue on an ongoing basis. With Chennai IV on stream with an additional 180MW that should rise on a pro rata basis to £180+m. (nb OPG has already agreed a tariff for Chennai with TANGEDCO through Sep 2015 at R5.5 per kwh).

    I assume Invesco’s figure of “£222m in the current year” is for March 2015-2016. If Chennai in total can achieve something around £180m that would mean Gujarat has to achieve only £40+m to get to Invesco’s target. We have no idea as yet what the tariff will be for Gujarat or how long the ramp up will take but I find it really hard to imagine that for a 300MW plant it will be only £40m.

    Gujarat at 300 MW is 1.3X the size of Chennai I, II & III combined – so what will it generate????

    Equally I believe – and sincerely hope! – that the profit figures of £40m & £46m will prove to be conservative.


    Anyway, all that is in the future. Meanwhile we sit and wait. Maybe we will not hear anything now until the next trading update? (which was on 17th Feb last year)
    By JJHBev
  • Re results by Ctw2014
    Thu, 21 May 2015 22:24:09 GMT

    I think the results will be fine, but prospects will be even better given the ramping up of output when Chennai iv comes on stream, which must be very soon.
  • RE: Results by sdp123
    Thu, 21 May 2015 12:35:15 GMT

    Not as technical as you, though I am hopeful for a good result based on past performance.
  • Results by HFWizard
    Thu, 21 May 2015 11:35:39 GMT

    Hi sdp, yes I am expecting good things. More than the actual bottom line we should report we are most of the way to our 750mw target. If they report Chennai 4 as operational then I think we should be at 750mw more or less. What are you expecting?
  • RE: Black entries by sdp123
    Thu, 21 May 2015 10:15:31 GMT

    Amounts of 15th £189k... 19th £151k ?
  • Black entries by sdp123
    Thu, 21 May 2015 09:20:07 GMT

    Is a black entry in level 2 the same as a blue (buy) entry? ... if so there has been some huge amounts going in here in the last couple of weeks.
  • RE: Results by sdp123
    Thu, 21 May 2015 09:12:26 GMT

    Do you feel confident about results?
  • Results by Ctw2014
    Thu, 21 May 2015 08:54:55 GMT

    will be out on 2nd June.
  • Final results due soon by Ctw2014
    Wed, 20 May 2015 10:15:26 GMT

    Looking forward to the results here which I would think should give us a bit of a boost.
  • RE: Update by EastamBull
    Tue, 19 May 2015 11:20:49 GMT

    I think that, if, and when, they have something positive to say about Chennai, then they will announce it. But when that will be is not easy to put into a time frame..
  • Update by HFWizard
    Tue, 19 May 2015 09:16:50 GMT

    Thanks EastAm. I was hoping for a given day but will save down this link. Do you believe they are waiting for chennai iv to be operational?
  • Update [trading by EastamBull
    Tue, 19 May 2015 08:26:30 GMT

    Wizard, follow this link to OPG investor relations:-

    link

  • Update by HFWizard
    Mon, 18 May 2015 21:28:47 GMT

    Does anyone have any idea when the trading update will be released?
  • Broker Reseach by halffull
    Mon, 11 May 2015 16:31:32 GMT

    You can probably sign up to receive reports by contacting: action@proactiveinvestors.com
  • Broker research by HFWizard
    Mon, 11 May 2015 14:35:43 GMT

    Hi halfull, do you know where we can obtain these broker research reports?
  • Proactive investor Article by halffull
    Mon, 11 May 2015 07:13:31 GMT

    When it comes captive generation, Cantor reckons AIM-listed OPG Power Ventures (LON:OPG) fits the bill. The Indian electricity supplier develops and operates its own power plants in the country and has a captive model, meaning it sells direct to businesses rather than the grid. This allows it to sustain premium pricing and secure output and the firm is on track to reach its 750 megawatt (Mw) production target in June this year and is eying a further expansion to over 2000Mw. With the company on the cusp of tripling capacity, Cantor believes the shares, priced at 89p, look good value. That view was echoed by City broker Investec in February, which said it expected OPG’s the new capacity to lead to a doubling of profits by 2017, lower debts and the start of dividend payments.