Investor Soiree Butler OPG Power Ventures OPG.L

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  • £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
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  • 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
  • Re: Results June 2 by oldernowiser
    Tue, 02 Jun 2015 15:01:00 GMT

    I disagree completely. This is a team who have set out what they are going to do and then do it. They have brought new plant on stream on budget and on time (apart from some local infrastructure delays that they cannot control. They seem to have good ethical policies and plans for a big increase in capacity in the future. If anyone deserves rewards for a job well done this team does. If you are holding this share for income then I suggest you may want to look elsewhere as I am sure that there will be a dividend but that this will be tempered by a desire to continue to grow. All sorts of disasters may happen but so far they have done very well. By oldernowiser
  • Re: Results June 2 by Seagull2
    Tue, 02 Jun 2015 11:26:00 GMT

    Disappointed with today. More about management snouts in trough that dividend plan and no news re strategy going forward and next steps re growth.

    not good imho By Seagull2
  • Re: Results June 2 by gallant02
    Tue, 02 Jun 2015 09:45:00 GMT

    Welcome on board LH, your money is safe here. A bit of "selling on the news" today, but as earnings start to flow from the new capacity we should see a steady rise. There are enough clues in the report that clearly suggest we can expect an early positive impact on revenues and profits, the only issue is that there was really nothing new to add to what was already known. Maybe an updated broker report or harder numbers next quarterly trading review are what's needed to take the sp to the next stage.

    I've been in over 3 years, but not cashing any profits in yet... By gallant02
  • Re: Results June 2 by LuckyHooker
    Tue, 02 Jun 2015 08:35:00 GMT

    Results seem very much 'steady as she goes and as expected'.

    Talk of dividends in the future and revenue growth so all good as far as I can see.

    FWIW I've been in for about 6 months now at, as near as makes no difference, 99p a share so actually and briefly saw a profit yesterday :-)

    But I bought on a SCSW recomendation as a potential multi-bagger over the medium term so am happy to hold whilst the unfolding story matches the expectations. By LuckyHooker
  • Results June 2 by jonnydurex
    Mon, 01 Jun 2015 20:39:00 GMT

    Hopefully, wake up to some good results tomorrow. The share price has been moving up a little this last week although I am still down on my purchase several months ago. In fact it's been one of my worst shares, if not the worst, this past few months.
    Hopefully, things will come good soon. jd By jonnydurex
  • Who's in on this by HFWizard
    Sat, 27 Jun 2015 12:22:23 GMT

    I agree have held this a short while now. Slow and star day has seen a solid start. I am looking forward to the trading update. This should be the first one where some of the newer plants will count I believe. Please feel free to correct me if I am wrong. I expect a good update on power output and revenue generation. The bonus feature will be any news on further expansion of power output.
  • What Investment
  • RE: Whose in on this......? by Aclay47
    Thu, 25 Jun 2015 08:45:20 GMT

    I agree that its not going to make 30% in a day like some shares on AIM. I do think it will make a nice stable steady rise to that though over the next few months. If you like boom and bust trading then this certainly isn't the 1. If you are an investor then I think its worth going for
  • RE: Whose in on this......? by notsure
    Thu, 25 Jun 2015 08:14:27 GMT

    Aclay47 - thanks for the explanation - no I have never been attracted enough to watch Forest Gump ! I share your view re. healthy company although I do not think it will make a quick fortune for us more steady as she goes.
  • RE: Whose in on this......? by Aclay47
    Wed, 24 Jun 2015 17:16:12 GMT

    Ha ha have you not seen Forest Gump then? Bubba Gumps boat was the only boat available to catch shrimps after a storm destroyed all the others and hence they had the market cornered and made a fortune! Most power stations in India have been struggling to get coal. However, OPG has not had this problem. It looks like a nice healthy company to sink a few quid into and make some heathy returns.
  • RE: Whose in on this......? by notsure
    Wed, 24 Jun 2015 14:40:29 GMT

    more to the point who is Bubba Gump ?
  • Whose in on this......? by Aclay47
    Tue, 23 Jun 2015 14:52:54 GMT

    All looks good to me tiny spread...tipped in the papers....making a healthy profit ( to be increases by 50% this year....dividends soon. Has been producing power when Indias state owned stations are struggling due to lack of coal. Surely this company is to indias energy resources in the the same way Bubba Gump was to shrimps. A nice healthy rise since Sunday...where is the downside?
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  • RE: Midas tip Sunday Mail by gasher
    Sun, 21 Jun 2015 19:45:41 GMT

    Looking at this tip reminds me of the schiesters/crooks that shafted so many ESSAR Energy shareholders that watched the share price fall and bought it back on the cheap, with the PIs thinking the same thing that OPG is tipped for, that being that India is so short on power supply it has to be a good punt!!!
  • Midas tip Sunday Mail by VanVan
    Sun, 21 Jun 2015 10:03:44 GMT

    MIDAS SHARE TIPS: Profits to surge as Indian generator OPG Power Ventures targets industry By Joanne Hart, Financial Mail on Sunday Published: 22:03, 20 June 2015 | Updated: 22:03, 20 June 2015 London-listed Indian companies have delivered a mixed stock market performance and some UK investors have been badly burned. However, OPG Power Ventures should prove a more worthwhile investment. Its business is based in India but it is focused on a lucrative part of the energy market and dedicated to generating strong returns for shareholders. At 102½p, the stock should produce decent returns over the next few years. India desperately needs more electricity. Demand is growing and state-owned energy companies cannot keep up. There are routine power cuts, hitting businesses and consumers daily. Over the past decade the Indian government has introduced a number of initiatives to improve the situation. In particular, it has invited the private sector to participate in the market. OPG founder Arvind Gupta realised this was an opportunity not to be missed. Having spent his early career managing various divisions of OPG Enterprises, the family business, he established OPG Power Ventures as an independent firm in 2000 and listed it on AIM eight years later. Most of that time has been spent building coal-fired power plants, initially in Tamil Nadu in the south, where Gupta has a strong network of contacts, and latterly in Gujarat in the north-east of the country. Planning permission has taken time and there have been construction delays, but this month the company revealed that it had completed plants in both regions with a total of 750 megawatts of capacity. That would be enough to power more than half a million homes in the UK and many more than that in India, but OPG has chosen not to supply the domestic market. Instead, it is focusing exclusively on commercial and industrial customers because they have to pay more for electricity in India than consumers. OPG supplies most customers directly and makes sure it charges slightly less than they would pay to state-owned rivals. India’s need for electricity is so acute that OPG is allowed to undercut state-owned operators because it eases demand and still accounts for only a fraction of companies’ national or regional needs. Some of its electricity is even sold directly to state-owned distributors, such as the Tamil Nadu Generation and Distribution Company. The group has also differentiated itself from rivals by installing sophisticated boilers at its power plants that are capable of generating electricity from local or imported coal. This matters because local coal releases less energy than imported coal and its supply is unreliable. Gupta’s approach seems to be working. OPG this month unveiled a 21 per cent rise in pre-tax profits to £21.65million for the year to March 31 and said it hoped to start paying dividends relatively soon. Analysts expect profi
  • Notsure by Ctw2014
    Thu, 18 Jun 2015 15:56:54 GMT

    Yes you missed the jump in price but that was on the back of an acquisition, so at least there is some asset value involved in the higher price.
  • Ctw2014 re. notsure by notsure
    Wed, 17 Jun 2015 21:34:46 GMT

    Yes I have accepted the fact that the world is not perfect and we just have to get on with life - fortunately I think I lived through probably the best period. It would be good as Halffull reports if they start doing renewables. Thanks for the tip on ARL although looks as though i have just missed a good buy in period of around the 28p level. Will do some more research though and will have to juggle some of my other shares to free up spare cash ( ISA)
  • Balance-Renewable Possibility by halffull
    Wed, 17 Jun 2015 08:30:23 GMT

    . Whisper it, analysts are even talking about OPG paying a dividend. 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
  • Proactive Article by halffull
    Wed, 17 Jun 2015 08:20:40 GMT

    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 p
  • Notsure by Ctw2014
    Wed, 17 Jun 2015 08:08:27 GMT

    I know what you mean but the coal fired power stations would still be there whether or not you personally invest. If you want an interesting long term green project, take a look at Atlantis Resources. GL.
  • RE: Nice RNS by notsure
    Tue, 16 Jun 2015 13:43:07 GMT

    Ctw2014 - looking good - I think this is going to be a long term steady investment with no false spikes unlike a few of my other investments. The main problem for me is trying to come to terms with my 'green' leaning as this is obviously a dirty fuel business.
  • Nice RNS by Ctw2014
    Tue, 16 Jun 2015 09:48:23 GMT

    ....this morning confirming Chennai IV has begun commercial sales. We are now producing 600 mw with another 150 to come on stream in September. Not bad at all considering we were only a 270 mw company in March 2015! The trading update due in July should give us a boost.