OPG Power Ventures OPG.L
OPG Power Ventures is trading below the moving 50 day average and below the moving 200 day average on above-average volume.
Follow the trades of top traders with Ayondo.
7 AIM shares targeted for success this year.
316 of 922
Overall AIM Rating
4 of 10
22 Dec 2014
19 Dec 2014
8 Dec 2014
26 Nov 2014
20 Nov 2014
15 Oct 2014
11 Dec 2014
8 Dec 2014
26 Aug 2014
25 Aug 2014
6 Aug 2014
29 May 2014
21 May 2014
21 Feb 2014
17 Feb 2014
21 Jan 2014
21 Nov 2013
23 Oct 2013
6 Sep 2013
29 Jul 2013
2 Jul 2013
20 Jun 2013
11 Jun 2013
5 Apr 2013
25 Jan 2013
All 922 AIM Soiree Share Pages
AIM Soiree Top 100 Shares by Rank
Re: Creeping up. by Seagull2
Thu, 29 Jan 2015 12:33:00 GMT
Well small volumes, Need to break £1.20 and hopefully would rise strongly from there. However, need a positive update and news on how company will be growing output over next 12/18months to get some more momentum to take us to next level. An update on long awaited dividend payment hinted at last year would also be warmly welcomed.
Seagull By Seagull2
Creeping up. by king sinbad
Thu, 29 Jan 2015 12:20:00 GMT
This is looking strong now, you can`t keep a good share down for long. By king sinbad
And more opportunities by king sinbad
Thu, 15 Jan 2015 14:18:00 GMT
Two large Indian companies in the sphere of energy and metalworking are interested in investing in Macedonia. Their managements at meetings with the countrys government delegation in Kolkata and Chennai said Macedonia was offering favourable opportunities for running a business.
OPG Power Group a company focused on developing and operating power plants in India is interested in building large thermal power station in Macedonia.
We are interested in constructing thermal stations and solar plants in Macedonia. Our company is deeply committed to this business in India. The atmosphere is being created by the government by allowing business in Macedonia to be opened very easily and by helping entrepreneurs to develop their business initiatives. These are very positive steps, especially the introduction of a low tax regime. Im convinced that these measures could encourage many others to run a business and locate their capacities in Macedonia, said the Managing Director of OPG Power Group, Arvind Gupta.
The second company mulling over the possibility of opening a business in Macedonia is BRG Group in Kolkata. The company, which manufactures steel kitchen products for households, has 15,000 employees in production capacities in all around the world. Its capital is estimated at 980 million dollars.
We are seriously considering opening several production plants in Macedonia. For this purpose negotiations are under way to realize a brownfield investment in Macedonia. Negotiations are expected to be completed in the coming few months. With respect to other plans, we plan on investing in other plants in Macedonia with active support and assistance from the government, the companys CEO Sanjay Bhandari said.
According to him, Macedonias location needed to be used as a gateway towards markets in the Balkans and Europe By king sinbad
Re: Interesting pipeline. by Seagull2
Thu, 15 Jan 2015 11:43:00 GMT
Be nice if we had heard about these plans re future growth from the company ! By Seagull2
Re: Interesting pipeline. by gallant02
Thu, 15 Jan 2015 10:05:00 GMT
Well found Sinbad, first we've heard about this further 2,300 MW, which should take care of any previous concerns around future growth prospects...
Hopefully we'll get more detail when the latest trading up-date is provided. By gallant02
Interesting pipeline. by king sinbad
Thu, 15 Jan 2015 09:14:00 GMT
UK Trade Minister joins OPG Power Ventures in welcoming completion of thermal power plant in Gujarat and agreement to invest further £1.5 billion.
British Minister for Trade and Investment Lord Livingston, today welcomed the completion of a 300MW thermal power plant in Kutch, Gujarat, built by the UK company OPG Power Ventures. The company has already invested £400 million in India and has committed a further £1.5 billion to increase output to 2300MW.
Lord Livingston, leading a delegation of over 60 British companies to Vibrant Gujarat, said:
The economic relationship between the UK and India is strong and well-established. We are the largest major investor in India, and India invests more in the UK than in the rest of the EU combined.
Indian companies make a fantastic contribution in the UK, and British businesses are involved in excellent projects in India. Both countries are keen to pursue new opportunities to develop deeper business ties both in the UK and in India, and I am delighted to be leading such a strong delegation of British companies at Vibrant Gujarat.
Arvind Gupta, MD & CEO, OPG Power Ventures said:
Even as OPGs completed 2 x 150 MW power station - the largest UK foreign direct investment in the states power sector - is readying for its inauguration this month, the group is preparing for its next major initiative in Gujarat: the implementation of a further 2300 MW of thermal power capacity.
We are sure that this new OPG initiative will not only contribute in time to meeting the further power needs of the state but will also serve as a continuing example of fruitful UK-India investment co-operation in building the countrys infrastructure.
OPG India is a subsidiary of OPG UK. OPG are a UK registered company employing 600 people in India. They have been listed on the London Stock Exchange since 2008. The thermal power plant in Kutch has been part financed by successfully raising £70 million equity on the exchange, something the India-UK financial partnership is seeking to promote.
the UK is a partner country at Vibrant Gujarat. Led by Lord Livingston, over 60 companies and 100 delegates will represent the United Kingdom at Vibrant Gujarat, one of the largest delegations of any country in 2015. The sectors covered include advanced engineering, manufacturing, retail, financial services, infrastructure, design and education. UK delegates range from global CEOs such as Vittorio Collao, of Vodafone and Sam Walsh of Rio Tinto, to smaller world leaders in their field such as DELCAM and Ricardo. Lord Livingston himself was the former CEO of BT and leads the UK governments agenda on trade & investment.
the UK is Indias largest G20 investor, India invests more in the UK than it invests in the rest of the EU combined. The UK-India relationship is one of the most important that there is for both countries, which will be further strengthened by participation in Vibrant Gujarat.
last year the UK invested $3.2 billion in India, more than any other G20 country and more than Japan ($1.7 billion) and the US (just under $1 billion), who are ranked 2 and 3 respectively, combined.
aggregating all investment over the last 14 years, the UK still ranks No.1 in the G20 and accounts for ~10% of all investment into India over this period.
India is one of the biggest investors in the UK and invests more in the UK than it invests in the rest of Europe combined.
from 2008 to 2013 bilateral trade grew by almost 50% from ~£11 billion to ~£16.5 billion, despite a slowdown in both UK and Indian economies.
according to Thomson Reuters India M&A review for FY 2014, the UK is currently the top investor in Indian companies in terms of value of M&A activity, investing US$2.9 billion in 23 announced deals, and accounting for 25.3% of Indias By king sinbad
Re: fall by gallant02
Wed, 14 Jan 2015 14:49:00 GMT
Low trading volumes but OPG is a rather illiquid stock so any sales tend to exaggerate sp movements. Nothing specific to OPG, simply Asian stocks have fallen in sentiment with reduced oil price. There may be concerns that profits might be affected by oil fired power stations becoming more competitive but I see it that there is a fundamental power supply problem in India and OPG sells much of its production forward on fixed prices, see I don't see much impact from falling oil prices.
We need news of new plants being commissioned to get things going again, but I see the present sp as another buy opportunity. By gallant02
fall by crocsnsocks
Wed, 14 Jan 2015 10:18:00 GMT
Any ideas why the recent fall? Maybe a buying opportunity to watch it go back up to £1+ on next RNS?
Crocs By crocsnsocks
Re: Ruppee vs £ by gallant02
Sat, 10 Jan 2015 09:44:00 GMT
It translates better into sales and profit figures that are reported in £. Also a stronger rupee makes coal imports cheaper, and eventually helps the sp as sentiment towards India improves. By gallant02
Re: Ruppee vs £ by zulu principle2
Fri, 09 Jan 2015 18:12:00 GMT
thanks By zulu principle2
Re: Ruppee vs £ by Seagull2
Fri, 09 Jan 2015 18:07:00 GMT
Its gud news as when transfer ruppes to £'s will get more £'s so shud have a forex gain on accounts I believe. By Seagull2
Ruppee vs £ by zulu principle2
Fri, 09 Jan 2015 17:39:00 GMT
The Ruppee has dropped from 98 Rupees to £ to 94 Rupees to £ is that good news or bad news for OPG
By zulu principle2
Some really big trades by Seagull2
Tue, 06 Jan 2015 13:53:00 GMT
today nearly 2million shares by lunchtime so could be some announcements soon, should be an exciting 2015 with new capacity now up and running and pretty much a doubling of revenues, looking forward to next announcements re further expansion.
Happy New Year and Good luck holders and hoping for a great 2015!
Seagull By Seagull2
OPG Power Ventures upgraded to 'buy' by gallant02
Tue, 23 Dec 2014 13:40:00 GMT
Retail stockbroker The Share Centre has upgraded Indian power producer OPG Power Ventures (LON:OPG) to buy from hold.
Helal Miah, an investment research analyst at the stockbroker, says the shares should appeal to investors seeking capital appreciation who do not mind a bit of risk.
Miah believes OPGs recent results highlight the progress the group has made over the last year, and there should be more to come, as it now operates three coal-fired power plants in Chennai, southeast India and should have another plant, in Chennai, coming on stream in the first quarter of 2015.
Demand for power in India will be in excess of supply and as a result management are confident that its expanding operations will benefit. New energy plants are set to come on stream in the next year and the company has a good record for hitting its schedule, the analyst notes.
The Indian election gave the market a boost this year and OPG could be a beneficiary if the new government can deliver on some of its aims and promises; however, as always with India, that is a big if. The share price hit an all-time high in November partly in anticipation of this and as the proposed increase in generation draws closer, Miah said.
Up 70% year-to-date, OPGs shares are just outside the list of the top 50 best performing shares of 2014. By gallant02
Proactive Investor by gallant02
Fri, 12 Dec 2014 09:22:00 GMT
Unlike India's unreliable power system, OPG Power Ventures (LON:OPG) has proved itself to be a safe and sound investment to date.
Not only has the group produced a reliable and growing supply of electricity, its also generated a reputation of delivering projects on time and on budget. Building power plants that operate to a high level has become the norm.
Since listing in 2008, its been growing power supply to Indian businesses and state utilities through a fully-funded pipeline of projects.
It now operates three coal-fired power plants in Chennai, southeast India, but the next major lift in the companys generating profile will occur in the first quarter of 2015.
Group production is set to surge to a total of 780 megawatts as new capacity comes on stream at Chennai, southeast India and Gujarat in the north.
Barring issues with transmission lines, Ajay Paliwal, OPGs head of strategy, says the Gujarat plant will be up and running in the next quarter.
In Gujarat we are still waiting on state permission to access a main power line, he said.
We will have an interim line very soon but expect the main line, which will evacuate all of our output, to be ready by the second quarter.
Releasing its half-year figures on Monday, in which pre-tax profits jumped to £10.3mln from £7.6mln, the firm said both sites are developing well.
Broker Investec predicts profit before tax will be just short £21mln in the full year to March and envisages £31mln in pre-tax profit in 2016.
The shares, up almost 70% in the year to date, valuing the business at £348mln, advanced a further 3% to 99p this week. Investec reckons OPG is worth 140p a share.
The firm is also hoping to pay a dividend by the end of 2016.
It looks like a perfect time to grow the business, with India and its economic promise firmly back in the limelight.
Meanwhile, Indias president Narendra Modi has made a number of pledges to shore up Indias creaking infrastructure and put an end to blackouts.
Modis mantra is no power no growth, which, in an electricity starved market, creates a perfect environment for firms like OPG.
The Indian power sector seems to be on an exciting crest of a wave, Paliwal said.
There is euphoria surrounding the new government, and, with its clear majority, it is a position to roll out new initiatives.
Modi has already merged the ministries of coal, power and renewable energy to improve coordination and better align goals.
Considering India's coal reserves of around 300bln tonnes are the fourth largest in the world, its surprising to learn that in September half of India's 100 thermal power plants had enough coal to last an average of just six days, according to the countrys Central Electricity Authority.
Back then, stock levels were at their lowest levels since mid-2012, when hundreds of millions of people were cut off in one of the world's worst blackouts.
OPG managed to avoid a fuel shortage by turning to a mix of Indian and Indonesian coal to keep the lights on. It is this flexibility of supply coupled with the fact its plants are near the coast that marks the company out from other generators.
One area the business is paying more attention to is the renewable energy space.
Solar and wind energy costs are coming down as performance goes up, and Paliwal said OPG will likely look at renewable energy as an additive to its existing portfolio in the short to medium term.
Investec analysts summed it up when they said OPGs results testify to strategic position in electricity generation given Indias power market, capacity increases nearing completion, and tight overall control of its financial position.
We reiterate our positive investment view, said Investec. Built on our conviction of an improving political/economic environment in India, a net short power generation market and a jewel in the crown in the shape of OPG itself. By gallant02
Good by Ctw2014
Tue, 13 Jan 2015 13:24:11 GMT
.... Buying opportunity at this price. Wish I had some spare cash!
Big buys by Ctw2014
Wed, 07 Jan 2015 09:54:52 GMT
Quite a few large buys over the last couple of days that look like they are from the same buyer, so that is a good sign
my personal research by davidelliott
Mon, 24 Nov 2014 22:17:05 GMT
If the 5.85 EPS broker forecast is hit with the PER we are on now that would give us a shareprice of 130-140ish so im looking at getting in the next week or so
Someone likes OPG! by grahamscotland
Mon, 24 Nov 2014 15:50:07 GMT
Anyone Remember ESSAR ENERGY by MattyBoy1965
Tue, 11 Nov 2014 10:36:29 GMT
Anyone else get burnt with that other Indian Energy Company 'ESSAR ENERGY', which conveniently forced investors to sell their shares back to them when they were available on the cheap, and in so doing 'robbed' investors of any future upside whilst making the 'Chuckle Brothers' millions!!!!
Daily Telegraph by MY21
Sun, 09 Nov 2014 09:12:40 GMT
OPG signs new power deal: OPG Power Ventures [LON:OPG] a power company based in India and listed in London, offers U.K. investors the opportunity to benefit from power shortages in India. The Aim-listed company secured a deal last month that underpins future revenues and profits. The utility company has agreed to sell its power output in Chennai to the Tamil Nadu Generation and Distribution Corporation at 5.50 rupees per kilowatt hour until 30 September 2015, a similar level to existing profitable deals. The full year results announced in May underlined the investment case. Pretax profits jumped 70% to £17.95 million, on revenues up 78% to £98.8 million during the year ended March. The company is growing quickly through a vast power plant construction project. The main input cost is the price of coal, which is currently falling. The final issue is currency risk around the Indian rupee, which has now stabilised, after sharp falls last year. That said, the company continues to deliver and the shares are up 13% on our initial recommendation (Buy, 94p, 22 May) and we retain that recommendation. OPG Power Ventures at 107p. Questor Says “Buy”.
2 big trades by davetherave1
Wed, 05 Nov 2014 13:00:31 GMT
any one any idea if those two big trades at 11.00am today are buys or sells?
OPG by CHEQUEMATE
Tue, 21 Oct 2014 20:08:56 GMT
A couple of months old perhaps, but anyone invested here may find this interesting:
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?