334 of 900
Overall AIM Rating
What does this mean?
4 of 9
Utilities Rating
What does this mean?
Previous Close
Real time prices at ADVFN

All 900 AIM Soiree Share Pages

AIM Soiree Top 100 Shares by Rank

Click here for OPG Power Ventures Discussion on ADVFN

  • Re: RNS by Seagull2
    Tue, 21 Oct 2014 04:30:00 GMT

    International company of the year

    • OPG Power Ventures

    • Plus500

    • Somero Enterprises

    • SQS Software Quality Systems

    There has been scepticism about the customer figures declared by online CFDs trader Plus500 (PLUS) but the strength of the share price and apparently strong cash flow may count in its favour. Indian power producerOPG Power Ventures (OPG) has used its quotation to raise money to invest in new power plants and the benefits of this investment are beginning to show through in its figures. German software testing company SQS (SQS) has already won this award in 2008 and has successfully moved its model towards managed services rather than one-off projects.

    Hi holy custard! Re reading article think the awards were on the 9th October but gud achievement to make the shortlist!

    By Seagull2
  • Re: RNS by king sinbad
    Mon, 20 Oct 2014 13:26:00 GMT

    Probably up today because,the Momentum Investor followed up last months recc with a main feature on opg - expects sp to double in next 12 months and potential for long term multi-bagger. By king sinbad
  • Re: RNS by holycustard
    Mon, 20 Oct 2014 12:43:00 GMT

    ...also not sure what drove the sp down recently and, equally, not sure what's driving it back up just now...although my personal opinionis that I think the sp should really be over 100p just now with the performance and recent news on progress with power stations, contracts etc. Half year report not due till late Nov (at the earliest) and more likely to be in Dec. Fundamentals haven't changed...imo they still look very good. By holycustard
  • Re: RNS by holycustard
    Mon, 20 Oct 2014 12:24:00 GMT

    Couldn't agree more, Seagull2.

    If I were brave I would have traded this but think the medium term is so strong that it's not worth the risk.

    It's one of the few shares I'm doing well in - currently precisely 100% up at the moment (at 96p). Will top slice when/if we get to 140p...still a long way off but I think completely achievable in the course of the next 12-18 months.

    Out of interest and because I must have missed something - what's the AIM award OPG is potentially up for?

    GLA and DYOR By holycustard
  • Re: RNS by Seagull2
    Mon, 20 Oct 2014 10:07:00 GMT

    Good to see the sp recovering, hopefully the indian economy will stay strong. Be interesting to see what happens in run up to Christmas holding for the longterm, hoping will see a doubling in the sp over next 12months and start of a Divi payment. Will be good if can pick up that prize at the aim awards ! By Seagull2
  • Rupee by OldBoffy
    Wed, 15 Oct 2014 15:56:00 GMT

    If anything the Rupee has been stronger vs £ in the last few weeks and is currently around 97.5.The rate vs the stronger $ is around 61 ish but they have put in hedging arrangements with the State utility for protection. I believe that the coal price is still pretty sluggish and their input costs are under control. By OldBoffy
  • Re: RNS by gallant02
    Wed, 15 Oct 2014 13:44:00 GMT

    Profits are due to treble within the next 12-18 months so I don't see the rupee rate being overly relevant... By gallant02
  • Re: RNS by claude reins
    Wed, 15 Oct 2014 12:14:00 GMT

    Rupee weakness continues? By claude reins
  • RNS by gallant02
    Wed, 15 Oct 2014 07:16:00 GMT

    Good news starting now...

    OPG Power Ventures, the developer and operator of group captive power generation plants in India, announces the following update.

    The Company has entered into an agreement with Tamil Nadu Generation and Distribution Company ("TANGEDCO") to supply an aggregate of 95 MW from Chennai I and II at Rs 5.50 per kWh until 30 September 2015. In addition, 160 MW is to be supplied to TANGEDCO from Chennai IV until 30 September 2015 at the aforementioned price from the date of commencement of commercial operations at the unit. Commissioning at Chennai IV is expected to start in December 2014 with commercial operations expected to commence during Q1 2015. Furthermore, 74 MW is already being supplied to TANGEDCO under the 15 year Long Term Variable Tariff agreement entered into earlier this year.

    In addition to the above, the Company continues to supply 55 MW directly to certain industrial customers at varying prices under short term contracts. By gallant02
  • Re: SP drop by roco200
    Tue, 14 Oct 2014 17:26:00 GMT

    And hopefully news of our maiden dividend.
    November should be a strong month for OPG.
    By roco200
  • Re: SP drop by gallant02
    Tue, 14 Oct 2014 16:54:00 GMT

    No real reason other then general market uncertainty re Europe, but these are a particularly illiquid stock so any movement tends to be exaggerated on fairly modest volume. Hang in there, due a half yearly up-date in about 6 weeks when we should be closer to commissioning new sites. By gallant02
  • SP drop by OldBoffy
    Tue, 14 Oct 2014 10:28:00 GMT

    I know that Aim shares are taking a bit of a knock at the moment but anyone any ideas as to why OPG has dropped so quickly when until last week it was holding up well? By OldBoffy
  • Well worth a listen. by king sinbad
    Thu, 28 Aug 2014 11:06:00 GMT

    https://www.google.com/url?rct=j&sa=t&url=link By king sinbad
  • Re: Trading update by gallant02
    Tue, 26 Aug 2014 16:32:00 GMT

    Thanks for your comments. My view was simply that the RNS was poorly written and confusing - why mention Nov 14 and then Q3 2015, why not simply be consistent...?

    Still rate the management, love the business model and remains my banker bet for growth, but the advisers should earn their crust by making sure the RNS reads clearly - I'm sure a broker update will follow soon to push the sp as so far there has been little movement albeit volumes were well above (nearly 6x) the average today. By gallant02
  • Re: Trading update by JJHBev
    Tue, 26 Aug 2014 12:02:00 GMT

    Hi Gallant

    The Q3 2015 referred to in the RNS is OPG’s Financial Year 2015 rather than the calendar year.

    So, the Trading Update is for Q1 2015 – i.e. Apl-Jun. Q2 is Jly-Sep and Q3 FY 2015 is Oct-Dec. The new projects will be commissioning in Q3 FY 2015 which is the final quarter of the 2014 calendar year.

    Turning to the comparison of the generation run rates (and taking into account that the scheduled maintenance shutdown of Chennai 1 has slipped into July) I think the main reason they are so similar is that Chennai 1’s output has been slipping. Last Financial year we had full year production from Chennai 1 & 2 and effectively 9 months from Chennai 3 – so in any event there won’t be a dramatic increase in the annualised run rates from these three plants going forward. But Chennai 1’s output has been slipping from 165-170mn units per qtr a year ago to 148mn units in this qtr. Hopefully the July maintenance work will see some improvement and the three plants will produce around 500mn units per qtr rather than just shy of 480mn.

    For me there appears to be one stand out negative in the RNS – and it is down to GETCO rather than OPG. My reading of the RNS is that although Gujurat will start commissioning in November and that there is some transmission capacity through an “alternative double circuit transmission line” the ability to operate and transmit at full capacity will not be possible until the new multi circuit transmission line is complete in March 2015. I know that this is India but, given that the timeline for Gujurat coming into operation has been clear for quite a long time, you would think that GETCO could have organised for the transmission capacity to be ready. In fact it also reads to me that the current timeline is achievable only because OPG “are assisting them with certain activities on the line”.

    In the grand scheme of things a few months of slippage is not going to be material to the future level of profits and cash generation. It’s just a frustration of the type one has to expect - and perhaps commissioning could run well into calendar year Q1 anyway. It still looks like everything should be fully up and running for OPG’s next financial year.

    On a more positive note I found the final sentence of the RNS of interest including as it does the wording “....as well as planning for the next phase,...”

    Overall we still seem to be on track for the near trebling in output before the end of this financial year. I guess the next thing to look forward to will be the update in the half yearly report due around the back end of November.

    Best wishes

    Ps Some solid buying now coming in by the look of it.
    By JJHBev
    Tue, 21 Oct 2014 20:08:56 GMT

    A couple of months old perhaps, but anyone invested here may find this interesting:


    I am not invested here at present, but have OPG on my watchlist and currently doing more indepth research before making a decision whether to invest or not. After last weeks what appeared to be a possible meltdown on the markets generally I am understandably a little more, no make that a lot more nervous. This is one of Robbie Burns (The Naked Trader) holdings, which is always encouraging. Good luck all and regards CM
  • Very encouraging update by VanVan
    Tue, 26 Aug 2014 14:57:48 GMT

    All looks good. Well managed Co. with exciting prospects. Under researched and under valued IMO. Chart looks good as well
  • Great run by jollyspeculator
    Thu, 05 Jun 2014 19:07:44 GMT

    but more than fully priced now imv
  • Results by only1sonofkong
    Wed, 21 May 2014 07:10:19 GMT

    Nice reading, hopefully leads to a strong blue day and smash through the £1 mark, GLA
  • Elections by MiningPower
    Sat, 17 May 2014 08:13:14 GMT

    Apparently a new business friendly government in India with a massive majority. Indian stock market seems to like them anyway....
  • Results by only1sonofkong
    Fri, 16 May 2014 12:54:19 GMT

    On the 21st May then, hopefully interesting reading and should give this one a push forward
  • opg by jange
    Tue, 18 Feb 2014 14:03:56 GMT

    AIM-listed, Indian power group OPG Power Ventures (LON:OPG) has reached the inflection point in its development. That’s the view of City firm Shore Capital, which repeated its ‘buy’ rating following the company’s third quarter update. In it, OPG revealed its two latest electricity plants are on time and on budget, adding that its full-year results look set to meet the City’s forecasts. Shore analyst Robin Speakman said the update confirmed OPG’s development is going to plan, while the underlying business performance is around 20% ahead of his initial expectations. He points out that revenues are set to rise from March 2013 to March 2016 by 5.6 times, with adjusted pre-tax profits multiplying by 6.6. “Management has delivered on all OPG’s stated strategic objectives. The mature valuation for the company is now coming into focus based on high visibility,” Speakman said. “We point investors towards OPG’s high returns on capital (return on equity rising to 50% in FY2016F) and reducing valuation risk in cash flow analysis.” Investors listened to the ‘buy’ advice, sending the share price up 4% to 81.8p.
  • Entry point by B17NNS
    Mon, 17 Feb 2014 12:38:11 GMT

    Time to get in?
  • Turning point by MiningPower
    Mon, 17 Feb 2014 10:41:29 GMT

    Quite a lot going on here recently - new analyst coverage, a long term offtaker providing diversification, strong operating metrics and its largest projects on/ahead of schedule - major turning point - onwards and upwards.
  • Long term tariff for C3 by Hammer29
    Tue, 28 Jan 2014 07:56:48 GMT

    Really great RNS today. Shows OPG is here for the long term and adds in another de-risk factor. Should help the sp re-rate in 2014 that many, including Investec, expect. Hopefully that's what has started last week. Well done OPG! Always good with news flow
  • Investec by wazooba
    Tue, 21 Jan 2014 11:03:33 GMT

    Investec starts with a Buy rating, price target of 120p. 2014 could be a transformational year for Opg.
  • Large sells by Hammer29
    Wed, 11 Dec 2013 17:26:02 GMT

    Looks like an institution selling today. May cause SP drift
  • huge by langyy
    Thu, 21 Nov 2013 13:16:20 GMT

    indicated buy...
  • RNS by Hammer29
    Thu, 21 Nov 2013 07:55:56 GMT

    206% profit increase on 6 month figures. Chennai III now really contributing and deliver well on time and in budget Gujarat brought forward 3 months IMO, a momentous RNS in the OPG journey. I'm not selling a single share, huge market demand that isn't going away
  • Excellent by wazooba
    Thu, 21 Nov 2013 07:45:03 GMT

    Excellent rns. All looks well and on schedule . Next year looks transformational for Opg in spite of currency exchange rates. Projects ahead of schedule and within budget. If this does not move the sp then truly do not know what will. Hold on for 100p and above.