AIM Soiree Butler OPG Power Ventures OPG.L

OPG Power Ventures is trading below the moving 50 day average and above the moving 200 day average on above-average volume.
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  • Indian Budget by JJHBev
    Thu, 10 Jul 2014 08:30:00 GMT

    This would include OPG's plants - but is it really going to happen?

    link By JJHBev
  • Re: Everything on track. by jonnydurex
    Wed, 09 Jul 2014 10:43:00 GMT

    I agree not that my 5000 purchase at 9.28 am has stopped the price slipping! Come back in a year and hopefully we will all be smiling. jd By jonnydurex
  • Re: Everything on track. by JJHBev
    Tue, 01 Jul 2014 10:29:00 GMT

    Yes - a bit of slippage on Gujarat as compared with the Trading Update in February but this is minor and was already implied in the projects update in the Final Results.

    The next company info should be the trading update due around the back end of the month. Bearing in mind the maintenance shutdown referred to in the Final Results the production output will be well down on the last quarter:-
    "For the year ahead, in spite of a full maintenance shutdown to be taken in June 2014 we expect utilisation of these operating assets to continue to be strong versus the national average."

    Perhaps the next info to watch for is the Indian Budget due on 10th July to see what, if anything, is said/done re the power sector.

    By JJHBev
  • Everything on track. by king sinbad
    Tue, 01 Jul 2014 10:07:00 GMT

    Good to see the positive RNS today, everything on track and surely these will be over £2 over the next 18 months. By king sinbad
  • Re: Frustrating... by gallant02
    Thu, 26 Jun 2014 08:56:00 GMT

    Modest trading volumes so nothing to worry about, treading water until further good news becomes available; we are due a 3 months up-date next month that should show higher profits, strong cash generation, improving margins and 460MW of new capacity on track to come on stream before the year end.

    Still expect it to at least double within 12 months. By gallant02
  • Frustrating... by Informed Observer
    Mon, 23 Jun 2014 10:11:00 GMT

    I had expected a drop back in the sp after the rather stupendous increases we have seen recently. It follows what is, by now, a pretty well established pattern. However, I didn't actually anticipate that it would drop back by as much - I thought it wouldn't dip back below 100p.

    Frustrating, but I'm convinced this is only temporary until the next item of news comes through.

    IO By Informed Observer
  • Coal prices by OldBoffy
    Wed, 18 Jun 2014 08:17:00 GMT

    Thanks JJHBev for spotting the article . As the Company smoothes the costings the reduced costs will only come through over the coming months but the impact of the lower prices should be significant in the 2nd half.

    Just waiting now for news on the commissioning of the new capacity. By OldBoffy
  • more suspuciouc trading by Seagull2
    Tue, 17 Jun 2014 16:01:00 GMT

    lots very big orders being filled on the cheap again today. Should be investigated imho By Seagull2
  • Coal Costs by JJHBev
    Tue, 17 Jun 2014 08:48:00 GMT

    Hopefully this has positive implications for OPG's costs & profit margins.

    link By JJHBev
  • SCSW by jonnydurex
    Sat, 07 Jun 2014 14:10:00 GMT

    Given a good write up and a strong hold. Bought a few during the week and could add more if things go to plan. jd By jonnydurex
  • Re: : bought a few more today by zulu principle2
    Fri, 30 May 2014 20:44:00 GMT

    I use Hargreaves Lansdown & TD Direct By zulu principle2
  • Re: : bought a few more today by tasagil
    Thu, 29 May 2014 18:19:00 GMT

    Who is your broker?
    I tried to top up all day but the best on offer was 106.5!!
    By tasagil
  • : bought a few more today by zulu principle2
    Thu, 29 May 2014 15:26:00 GMT

    Topped uptoday at £1.04 after seeing eps forecasts for 2016 of 11.4p giving a forecast PER of 9.4 and Peg of 0.09 By zulu principle2
  • OPG a direct play on Indian power demand recovery by king sinbad
    Thu, 29 May 2014 12:21:00 GMT

    The landslide win by the BJP party in India brought with it hopes of an economic and business revival in the world's largest democracy.

    Earlier this month the party Bharatiya Janata Party led by now prime minister Narendra Modi ousted the ruling Congress party in the biggest margin win for three decades, swept to victory by public desire for change.

    Analysts now expect the new administration, which has pledged to be more business friendly, to focus on boosting infrastructure and manufacturing to put India back on a "materials intensive" growth after a blip of two years.

    However, to achieve this, one thing the new government will need to solve is India's power shortages and problems of an infrequent and intermittent supply. Three years ago, more than 300 million citizens had no access to frequent electricity out of an overall population of around 1.23 billion.

    One of the major problems is the lack of capacity to generate electricity, despite India's position as the fourth largest consumer of energy.

    And one of the best companies around to help the country achieve better power generation is AIM-quoted OPG Ventures (LON:OPG).

    The firm operates power plants mainly in southern India, where the shortages are most acute, and says it has already witnessed this year a step change in scale and profitability in its operations.

    It has three plants in Chennai in the state of Tamil Nadu, with a fourth in development. It also has two plants in development - one in Gujarat state, expected to be commissioned this year, and one in Bellary, expected in 2015.

    Profits rose by 70% to almost £18mln in the year to March, with sales up by 76% at £98.8mln.

    US heavyweight broker Jefferies, which has started covering OPG shares with a 'buy' rating, reckons the firm is a direct play on the recovery in power demand in India.

    "OPG is a focused, niche power generator in India with a proven track record in execution versus planned capacity addition," said analyst Lavina Quadros.

    Quandros noted that the firm has 234MW operational capacity in Chennai, which is expected to increase by three times to 694 MW in full year 2015 and 2016 estimates.

    She added that South India has the highest power deficit in India, which is expected to continue and she highlighted that the firm's current growth portfolio is fully funded.

    "OPG’s selling model is primarily linked to short- and medium-term power price movements in the context of persistent power shortfalls. Hence, pricing is not subject to regulatory approval, barring one Chennai capacity of 80 MW, said the analyst, who targets a price of 120p for the shares - an increase of 17p from where they are now at 103p.

    Meanwhile, City firm Investec yesterday rated the shares a 'buy' and lifted its target by 20p to 140p.

    "With the catalyst of significant capacity increases in 2014/15, we believe OPG’s share continues to have significant re-rating potential, especially given the result of recent general elections in India," said analyst Harold Hutchinson, citing additional capacity forthcoming of 180MW in Tamil Nadu and 300 MW at Gujarat
    By king sinbad
  • Re: More broker comment by Willow67
    Wed, 28 May 2014 11:13:00 GMT

    I have tried to add today but could only get 1,000.stock in short supply at least in short-term By Willow67
  • 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.
  • rns by langyy
    Thu, 21 Nov 2013 07:22:55 GMT

    link

  • RNS by Hammer29
    Wed, 23 Oct 2013 17:07:18 GMT

    Great news today. Paves the way for good, de-risked SP growth as we head into 2014 when we open up our 2 new projects, which will transform our EBITDA. OPG is a professional outfit, who have always delivered so far. New projects fully funded in a market where demand heavily outweighs supply. I'm targeting 120p+ within 12 months based on the extra MW coming on line. OPG is not yet on a lot of radars, but more news flow should change this and bring the sp growth with it. Cheers