gallant02
01 Dec 2015
"OPG eyes further expansion ....as interims reveal its financial transformation" says Proactive Investor."The results were achieved against a backdrop of increased output with operating capacity more than doubled year on year to 600 megawatts and set to grow to 750 megawatts ‘imminently’.First half results from India-focused OPG Power Ventures (LON:OPG) revealed the real and positive financial impact of its expansion on the sub-continent.Underlying pre-tax profits advanced 46% in the six months ended September to £15mln, while the operating margin increase by five percentage points to 41%. At the same time earnings per share grew 52%, while gearing (debt levels) were down three points at 59%. A loan repayment of £13mln was made, while net debt at the period-end was just under £243mln.The results were achieved against a backdrop of increased output with operating capacity more than doubled year on year to 600 megawatts and set to grow to 750 megawatts ‘imminently’.OPG has power stations in Gujarat State and Chennai, Tamil Nadu.And it has a mix of higher tariff contracts with industry customers.The company is looking at a ‘pipeline’ of further projects, but restated its commitment to “introducing dividend policy”.OPG said it had recently signed two separate non-binding memoranda of understanding to develop 1,500 megawatts of renewable projects along-with two high-efficiency thermal projects with a total capacity of 2,700 megawatts. “These could be potentially exciting developments,” OPG said in a statement accompanying results. “The company will evaluate these potential projects and will update the market should any of the projects proceed.“Part of the analysis of any project will include ensuring that the optimum funding structure for OPG is implemented, given the company's forecast cash generation alongside the board's intention to initiate a dividend.”
HFWizard
01 Dec 2015
Great results today. EPS up strongly. Commitment to dividend reiterated. Even a sneak peak at some new huge deals. I expect this to do well into the end of the year!
gallant02
16 Nov 2015
Re: Top of list - overstated? All very fanciful and typical political speak - if that is top of the list it indicates how less credible the rest of the list must be...I'm a big fan of OPG but these figures don't do them any favours in my view. I'll be happy if they can quickly get to the 1,250 MW capacity they've spoken about before.
roco200
14 Nov 2015
Top of list - overstated? [link]
gallant02
05 Nov 2015
Strong share trade volumes today Nearly 1.3m traded, 6x the average, suspect new II has come on board? Prospect of dividends probably attracting income funds?
gallant02
05 Nov 2015
Trading up-date Solid report as usual, but all these numbers would have a better impact if they were converted into revenue and gross margin figures.Nevertheless we should see a surge in y/e profits and news of a possible dividend should further help sentiment, hopefully enough to reverse the recent drift downwards.
LuckyHooker
03 Nov 2015
Re: Trading up-date this Thursday Gallant02Agreed that the 'drift' doesn't seem warranted. The company continues to progress. Fingers crossed that patience is rewarded.
gallant02
03 Nov 2015
Re: Trading up-date this Thursday The company continues to deliver growth,but this is a classic AIM stock where few shares are traded daily so any sale, however small, leads to an exaggerated move in price. News is needed to create new impetus.
LuckyHooker
02 Nov 2015
Re: Trading up-date this Thursday 'Drifting' is a charitable description!
gallant02
02 Nov 2015
Trading up-date this Thursday Looking forward to some positive news, sp has been drifting recently....
gallant02
07 Oct 2015
India wants raise power prices gradually Actual headline is "India wants states to raise power prices gradually as part of rescue plan", can only be good for OPG who already achieve higher prices.[link]
gallant02
06 Oct 2015
Re: Running a bit late Not quite right, they've said for some time that they expected to be operational by end September. This latest up-date is simply lacking in detail as in August they said one 150MW unit was already at 47% capacity and ramping up, the 2nd unit is some 4 months behind because they have been reliant on the state so I can accept modest delays outside OPG's control.August also said Q1 group output was 32% up compared to Q1 14 largely because of Gujarat 1 so by FYE capacity could be running on virtually doubled annualised run-rate vs 2014. The market is simply being slow to catch up, but it will do once hard numbers are announced.
oldernowiser
05 Oct 2015
Running a bit late It sounds as though the 300 MW is going to be between 6 and 9 months late compared to the original plan. This means that EPS this year will probably not be much better than last with the big increase delayed until next year. Hence I think the rather muted reaction in the sp.
gallant02
25 Sep 2015
Re: Move to Full Listing IO, I am in a similar position, but strongly believe that once earnings from new capacity start to flow through and they announce a divi then the sp must go up substantially.I hadn't heard of the news re full listing, don't understand the benefit as they don't need new equity, but timing would probably coincide with announcing a maiden divi to attract income funds.
Informed Observer
22 Sep 2015
Move to Full Listing Back in June or July, SCSW wrote that an imminent move from AIM to a full listing was, in their view, very likely, which would be accompanied by a rerating of the share price. Has anyone heard anything more about this?I've held these shares since 2011 through some pretty dramatic ups and downs, but have been disappointed recently that they seem to have barely moved for the best part of a year (and if they have, it's been slightly down). Thinking of ditching them, for a handsome profit admittedly, but if they are about to surge upwards on the basis of a new listing, it would be a shame to miss out...Views / news welcome.
