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  • 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
  • Re: Trading update by oldernowiser
    Tue, 26 Aug 2014 11:08:00 GMT

    I may be wrong but their year end is March and they refer to FY15 so Q3 FY 15 could/should be Q3 Calendar year 2014 By oldernowiser
  • Trading update by gallant02
    Tue, 26 Aug 2014 09:06:00 GMT

    Rather overdue RNS which raised more questions than answers. The projects are on track as expected, but I'm confused when they suggest that actual commissioning will be Q3 2015? If commissioning tests are due November 2014 and lines to the grid due in by March 2015 why so long before fully commissioned?

    Also Q1 14 production well up on Q1 2013, and yet full year run rate appears only similar to full year 2013? Possibly explains the lukewarm market response despite recent good macro level news on India re economy and currency outlook.

    Remain a big believer but will benefit from an early broker report to provide clarity around what IMO is a poorly worded RNS . By gallant02
  • Re: Very positive news by king sinbad
    Mon, 25 Aug 2014 14:26:00 GMT

    Full OPG Power Ventures profile here




    India’s creaking grid presents a perfect storm for OPG Power

    By Ian Lyall

    August 25 2014, 10:00am
    Based mainly around Chennai, Tamil Nadu, OPG's operations are in one of the worst affected regions.
    Based mainly around Chennai, Tamil Nadu, OPG's operations are in one of the worst affected regions.

    Newly elected Prime Minister Narendra Modi is acutely aware India’s creaking infrastructure will, if not upgraded, undermine the country’s bid to become an economic super-power.

    Since sweeping to power in May, he has made a number of pledges, key among them is a promise of 24-7 electricity supply to every home and business in the country.

    It sounds laughable to us sitting here in the West with an always-on connection, but India is blighted by periodic brown-outs affecting tens of millions people.

    And according to an article in the Times of India, the problem is going to get worse before it improves in the manner Modi envisages.

    While the northern and western grids are showing signs of stabilisation, the southern, eastern and north-eastern regions are likely to slip further, the paper reveals.

    This is obviously a huge problem for India’s inhabitants, but it also creates the perfect storm for companies such as OPG Power Ventures (LON:OPG), whose business is producing electricity for a starved market.

    Based mainly around Chennai, Tamil Nadu, its operations are in one of the worst affected regions.

    OPG has plants producing 270 megawatts in operation and a further 492 under development.

    That strong demand for electricity means it is cash generative and profitable.

    Transformational will be the new plants switched on this year.

    At Chennai, OPG said recently its latest development had passed another milestone with the hydraulic testing of the boiler.

    As a result the turbine, generator and instrumentation at the 180mw plant can be interconnected and the unit insulated.

    This will take about four months, following which trial commissioning can begin.

    At the 300mw plant being built at Gujarat hydraulic testing has been completed and assembly and installation of both turbines and the generator and instrumentation is now “significantly advanced”.

    The state-owned electricity transmission company is now working the power lines infrastructure for the plant. Infrastructure is already in place at Chennai.

    At the same time, OPG has expanded its relationship with Noble Group, which will see the company take greater control of logistics involved in the supply of coal to its operations.

    Freight charges currently make up between 25% and 40% of the costs for coal imported to feed OPG’s Indian power plants.

    It has, however, now agreed a new long term freight arrangement with Noble’s chartering unit which has until now handled OPG’s coal shipments.

    This is expected to deliver cheaper shipping rates than currently available under long term contracts.

    The current year is one of significant change that will see the capacity rise significantly and City broker Investec has assessed the financial impact of brining on new generating capacity.

    It is predicting revenues will grow by more than 50% to £153mln this financial year, giving EBITDA of almost £45mln, rising to £89.2mln on turnover £300mln in the 12 months to March 2016.

    Changing hands for 99p and up 77% in the year to date, the company’s shares are currently undergoing something of a re-rating.

    However, according to the brokers, there is still a little way more for this rally to go.

    Investec reckon OPG is worth 140p a share, while Cenkos remains a ‘buyer’ at current levels.

    Cenkos analyst Andrew Blain said: “With performance consistently above expectations for the past two years and the Group’s Chennai IV and Gujarat plants set to treble capacity this ye By king sinbad
  • Re: Very positive news by Mabuhay
    Sat, 23 Aug 2014 12:56:00 GMT

    You might struggle on Monday. Tuesday would be more realistic!! By Mabuhay
  • Re: Very positive news by jonnydurex
    Fri, 22 Aug 2014 19:35:00 GMT

    Good 'cos I am nearly breaking even now on first purchase and I agree and think I will buy another 5000 on Monday. jd By jonnydurex
  • Re: Very positive news by king sinbad
    Fri, 22 Aug 2014 12:12:00 GMT

    Get your seat-belts on gents we could be in for a upwards ride soon. By king sinbad
  • Very positive news by Seagull2
    Wed, 06 Aug 2014 06:21:00 GMT

    Clearly OPG board have a solid long term strategy putting infrastructure in place to help support increases in capacity while driving down long term costs n improving margins. Very impressed with management of this company thinking outside the box and coming up with imaginative ideas on improving business performance.

    steady as she goes.

    Seagull By Seagull2
  • Re: This should a least double. by Seagull2
    Fri, 01 Aug 2014 10:23:00 GMT

    Lets hope so, re gfm be very careful with them, Chinese have a nasty habit of letting small companies do exploration work and if they find anything don't give them the necessary licences. By Seagull2
  • Re: This should a least double. by king sinbad
    Fri, 01 Aug 2014 07:15:00 GMT

    bellary is located on a 120 acre site, which opg own. lots of room to build more plants. I expect that to be the next announcement of development. By king sinbad
  • Re: This should a least double. by gallant02
    Thu, 31 Jul 2014 17:25:00 GMT

    Agree, but they then need to explore other sites/ developments to show further growth prospects, in which case 250p+ would be a reasonable expectation in 12 months or so.

    This one remains medium term hold/ banker bet. By gallant02
  • This should a least double. by king sinbad
    Thu, 31 Jul 2014 16:04:00 GMT

    When you look at digital look numbers for 2016, you can only see considerable upside.

    link By king sinbad
  • Massive uplift in volumes today by Seagull2
    Wed, 30 Jul 2014 15:18:00 GMT

    with nearly 2million shares purchased and for some reason price not shifted very odd. Some days a sell of 500 shares can see a 5%-10% drop in the share price ! Lets hope some good news re progress in pipeline.

    By Seagull2
  • 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.
  • rns by langyy
    Thu, 21 Nov 2013 07:22:55 GMT