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  • Re: update by Tax Inspector
    Fri, 27 Feb 2015 19:40:00 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 18:16:00 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 11:10:00 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 08:30:00 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 08:46:00 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 09:48:00 GMT

    Trading update due Feb. Not much time left! Is this a good omen? By tasagil
  • Financial Calendar by roco200
    Thu, 12 Feb 2015 11:42:00 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 17:15:00 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 17:08:00 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
  • OPG Power to grow with India says broker by gallant02
    Fri, 06 Feb 2015 13:35:00 GMT

    Profits set to more than double but sp target up 50% from now, hardly bullish...!

    "Indian electricity supplier OPG Power (LON:OPG) has had its share price target raised by broker Investec ahead of the commissioning of two coal-fired power stations.
    The new plants will triple OPG's output and the broker expects this new capacity to lead to a doubled profits by 2017, lower debts and the start of dividend payments.
    Cash flow should also be sufficient to fund a move into other sources of power such as renewable.
    OPG currently produces 230Mw from three coal-fired plants. Investec expects the two new stations, Chennai IV and Gujarat, to begin commercial operations before the current financial year-end in March with Gujarat ramping up to full commercial activity in the following months.
    When running at full tilt, output will rise to 750Mw.
    Backing up the broker’s optimism is the situation in India where per capita demand for electricity is rising strongly and supply remains constrained.
    “A new economic outlook for India, propelled by a combination of Prime Minister Modi’s economic policy and the monetary discipline of India’s Central Bank (RBI), adds credibility to the country’s prospective economic and infrastructure resurgence,” Investec added.
    “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,” said the broker.
    Sales are predicted to rise from £110mln in the year to March 2014 to £222mln in the current year and £266mln in the 2016/ 2017.
    Over the same period, profits will rise from £21mln to £40.6mln and £46.3mln, the broker forecasts.
    OPG has already stated its intention to pay a maiden dividend after the 750Mw portfolio has bedded down.
    Investec repeated its ‘buy’ recommendation and raised its price target to 150p from 140p. By gallant02
  • Investec raises price target by NewM0ney
    Fri, 06 Feb 2015 13:30:00 GMT

    OPG Power Ventures Plc. (LON:OPG) had its price target increased by Investec from GBX 140 ($2.11) to GBX 150 ($2.26) in a research report sent to investors on Friday morning. The firm currently has a buy rating on the stock.

    link
    By NewM0ney
  • 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 country’s 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. I’m 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 company’s CEO Sanjay Bhandari said.

    According to him, Macedonia’s 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
  • RNS by Ctw2014
    Tue, 03 Mar 2015 18:32:00 GMT

    Decent trading update on 27/2/15. Everything on track for a major increase in power output and profits literally within weeks. Can't be long before the share price starts to reflect this.
  • 3rd Quarter by Ctw2014
    Fri, 13 Feb 2015 10:24:37 GMT

    ....trading update due this month.
  • Doubled up by Ctw2014
    Thu, 12 Feb 2015 10:31:29 GMT

    Just transferred some cash from a cash ISA and put some of it on this. I would be amazed if this doesn't move up on news flow as the new plant is commissioned and comes on stream, which will happen soon baring any disasters.
  • 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

    link

  • 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:

    link

    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....