roco200
20 Feb 2016
Results Out this week?
tasagil
17 Feb 2016
The Investment Case [link]
LuckyHooker
02 Feb 2016
Re: Continues to deliver OldernowiserI agree. I'm fully expecting a press release which says that all of OPG's assets have turned into solid gold, followed by the SP drifting down another 0.25p......I guess we have to hope that patience will be rewarded.LH
oldernowiser
01 Feb 2016
Continues to deliver I have difficulty understanding the lack of support for OPG as it continues to deliver its projects very close to timetable and the Indian rupee has overall been fairly stable against the pound. It may just be sentiment against developing countries but I think OPG should be an exception as it has been very consistent and India is one of the safer countries.
roco200
13 Jan 2016
Interesting Mark Slater has been busy buying more...though the article's title is slightly misleading as he's bought INSE as well as OPG 
))[link] stock he has been buying more of recently is OPG Power Ventures, a £225 million market cap company that is primarily focused on running power plants in India. The company made a profit of £21.65 million in the year to the end of March 2015, on a turnover of just less than £100 million.Slater commented, ‘this is a stock that has been hit because of negativity towards emerging markets and coal, but we don’t think it is justified. It is a company that is delivering on expectations, it is doing what it should be doing.’"
Source
27 Dec 2015
Re: OPG Seems a Pricing Anomoly (too low) Posted from another baord but this broker update seems pretty much what I've been saying for a while now! Nice to see others share the view though!RegardsSource.---------- ---------- ---------- --Http ://www.proactiveinvestors.co.uk/companies/news/120775/opg-power-broker-spies-a-buy-opportunity-120775.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-345416-proactivity+-+23%2F12%2F2015"OPG Power - Broker spies a 'buy' opportunity09:22 23 Dec 2015Shore Capital pointed out OPG trades on just 7.3 times prospective earnings, which equates to an enterprise multiple of 5.5 times.Broker Shore Capital restated its ‘buy’ on India-focused generator OPG Power Ventures (LON:OPG), which has been on the slide of late.That share weakness provides an opportunity for the savvy investor, it reckons.“We can see no discernible reason for this weakness, indeed, in our view, given the underlying strong operational progress that has been achieved over the last year with all generating units set for completion and normal economic operation over the next quarter or so, the weakness feels quite anomalous to us,” analyst Robin Speakman said in a note to clients.The Shore specialist reckons his “forecasts stance is solid” for the key full-year 2017, the first full 12 months operation of the mature OPG business.Yesterday the company moved to re-assure investors after a 16% slide in the value of the stock in the last month. It said flooding in the Chennai area of India had minimal impact on its operation there.Looking at the investment case, meanwhile, Shore’s Speakman highlighted the value of the stock after the recent retracement.It now trades on just 7.3 times prospective earnings, which equates to an enterprise multiple of 5.5 times. It also generates a free cash flow yield of 12.8%, with dividend payments on the horizon.Speakman said he was waiting for “visibility” on management’s longer-term growth plans, with OPG revealing recently it had signed very tentative agreements of on a potential 4,200 megawatts of power projects across both thermal and renewable sectors.“Funding for [these] projects is not in doubt to our minds – the company is already strongly cash positive, cash flow now beginning to increase materially with a very robust balance sheet,” said the Shore analyst."
Source
24 Dec 2015
OPG Seems a Pricing Anomoly (too low) Nice thread and insights here by Gallant and others. Nice to see balanced views and commentary.For my part I know broker forecasts need some seasoning sometimes but OPG has 9 different forecasts (many reiterated only in the last few days too). ALL these are now forecasting an OPG share price of between 120p and 150p.[link] Given OPG's recent confirmations on the company progress that
1) Its business has not been meaningfully impacted by the major floods in Chennai;(2) Its plants remain undamaged;(3) Rumours of cash calls are completely unfounded;(4) It has picked up new business in Chennai;(5) G2 is still on target as are its plans to get to 750MW (hopefully sooner than later - per my previous comments!)(6) Has existing opportunities and land for short/mid term expansion & is exploring numerous longer term opportunities for major further expansions.(7) Its markets seem to remain very buoyant and growing - supported strongly politically, socially and economically;(8) OPG's new freight ships will increase its cost advantages. Etc etc(9) A dividend flow is planned which will hopefully bring in new investors types and hopefully push this higher while also reducing volatility . Etc etc...While there are obviously risks involved it is still very hard to not conclude the current low prices that the risk/reward seems more favourable than any time in the last 2 to 3 years.I'm of the opinion that the current pricing is an anomaly. Hopefully one that shouldn't/won't last long as the price discrepancy starts sinking-in wider and bigger buyers start to avail to the opportunity at these low share prices.It may now take till after Christmas but the above facts will not be going away IMVHO DYORSeasons Greetings to All!
gallant02
23 Dec 2015
OPG - Broker spies a 'buy' opportunity Shore Capital pointed out OPG trades on just 7.3 times prospective earnings, which equates to an enterprise multiple of 5.5 times. Shore reckons the current share price should generate investor interest.[link] Shore Capital restated its ‘buy’ on India-focused generator OPG Power Ventures (LON:OPG), which has been on the slide of late.That share weakness provides an opportunity for the savvy investor, it reckons.“We can see no discernible reason for this weakness, indeed, in our view, given the underlying strong operational progress that has been achieved over the last year with all generating units set for completion and normal economic operation over the next quarter or so, the weakness feels quite anomalous to us,” analyst Robin Speakman said in a note to clients.The Shore specialist reckons his “forecasts stance is solid” for the key full-year 2017, the first full 12 months operation of the mature OPG business.Yesterday the company moved to re-assure investors after a 16% slide in the value of the stock in the last month. It said flooding in the Chennai area of India had minimal impact on its operation there.Looking at the investment case, meanwhile, Shore’s Speakman highlighted the value of the stock after the recent retracement.It now trades on just 7.3 times prospective earnings, which equates to an enterprise multiple of 5.5 times. It also generates a free cash flow yield of 12.8%, with dividend payments on the horizon.Speakman said he was waiting for “visibility” on management’s longer-term growth plans, with OPG revealing recently it had signed very tentative agreements of on a potential 4,200 megawatts of power projects across both thermal and renewable sectors.“Funding for [these] projects is not in doubt to our minds – the company is already strongly cash positive, cash flow now beginning to increase materially with a very robust balance sheet,” said the Shore analyst.
gallant02
22 Dec 2015
PR finally clicked into action OPG Power Ventures' Paliwal upbeat on prospects for 2016:[link] Power business returning to normal after Tamil Nadu storms:"OPG's 414Mw plant in Chennai remained available for production throughout the rain. Indian electricity utility OPG Power (LON:OPG) has come through recent heavy rain in Tamil Nadu province without damage or injury to staff, it reported today.Its 414Mw plant in Chennai remained available for production throughout the rain. Coal stocks remained available in on-site sheds, while excess water from the site drained away so effectively that local communities also used its drainage systems. Demand for both power and grid availability were affected by the weather, but the reduction in revenues was slight and trading for the year is in line with market expectations.OPG mean while has now agreed to supply local power company TANGEDCO all of the output from one 77Mw unit at a net tariff of R5.05 per KwH until the end of May 2016.All of the output of the 414MW Chennai plant is currently contracted. Arvind Gupta, chief executive, said: "The people of Chennai bore the brunt of recent weather events and I'm humbled by their resilience. “Our business has also demonstrated its resilience in limiting any impact from recent events and activity is now returning to normal."
jezza51
22 Dec 2015
Re: Opportunity? agreed - bought a small amount today - hope it will continue drifting lower so can keep adding...
woodee
22 Dec 2015
Re: Opportunity? Spankaroo.....could not agree more. Pre Xmas shorting, I think. Will also top up today. Once it turns, it will move up quickly. Too much good news in the pipeline, to stay at this price.
spankaroo
22 Dec 2015
Re: Opportunity? On the back of no news, I couldn't resist buying a few. Just looks oversold on the facts - time will tell
spankaroo
22 Dec 2015
Opportunity? Down nearly 20% since the beginning of the month. This would normally imply a material profit warning had been issued, but we have heard nothing from the company and the floods have come and gone (well cleaning up). As someone has rightly said, the company should have released an announcement a long time ago if a material event had happened to change forecasts or outlook. Pre-xmas low volumes and panic momentum selling sending this down. 14 day RSI now at 12.5. which looks too low
gallant02
21 Dec 2015
Price of illiquidity... Amazing that such modest sale volume can move the price down so much. Has to represent a great buy at this price - any chartists out there who can shed light on expected future movements?As an aside I emailed the company recently asking whether recent floods in Chennai had impacted operations, but no reply...!
HFWizard
03 Dec 2015
I went to the last one but am unable to make tonight. Is anyone going and able to report back?
