oldernowiser
02 Jun 2015
Re: Results June 2 I disagree completely. This is a team who have set out what they are going to do and then do it. They have brought new plant on stream on budget and on time (apart from some local infrastructure delays that they cannot control. They seem to have good ethical policies and plans for a big increase in capacity in the future. If anyone deserves rewards for a job well done this team does. If you are holding this share for income then I suggest you may want to look elsewhere as I am sure that there will be a dividend but that this will be tempered by a desire to continue to grow. All sorts of disasters may happen but so far they have done very well.
Seagull2
02 Jun 2015
Re: Results June 2 Disappointed with today. More about management snouts in trough that dividend plan and no news re strategy going forward and next steps re growth.not good imho
gallant02
02 Jun 2015
Re: Results June 2 Welcome on board LH, your money is safe here. A bit of "selling on the news" today, but as earnings start to flow from the new capacity we should see a steady rise. There are enough clues in the report that clearly suggest we can expect an early positive impact on revenues and profits, the only issue is that there was really nothing new to add to what was already known. Maybe an updated broker report or harder numbers next quarterly trading review are what's needed to take the sp to the next stage.I've been in over 3 years, but not cashing any profits in yet...
LuckyHooker
02 Jun 2015
Re: Results June 2 Results seem very much 'steady as she goes and as expected'.Talk of dividends in the future and revenue growth so all good as far as I can see.FWIW I've been in for about 6 months now at, as near as makes no difference, 99p a share so actually and briefly saw a profit yesterday 
But I bought on a SCSW recomendation as a potential multi-bagger over the medium term so am happy to hold whilst the unfolding story matches the expectations.
jonnydurex
01 Jun 2015
Results June 2 Hopefully, wake up to some good results tomorrow. The share price has been moving up a little this last week although I am still down on my purchase several months ago. In fact it's been one of my worst shares, if not the worst, this past few months.Hopefully, things will come good soon. jd
gallant02
04 May 2015
Cantor Fitzgerald. "Small cap power stocks generating investment appeal.We believe investors should consider gaining exposure to the smaller independent companies that are taking advantage of the widespread changes in the market,” said Adam Forsyth, analyst at broker Cantor Fitzgerald.Forsyth points to four key areas where independents can benefit from where they sit within a nation’s power industry; distributed generation, embedded generation, fuel-less generation and captive generation.When it comes captive generation, Cantor reckons AIM-listed OPG Power Ventures (LON:OPG) fits the bill.The Indian electricity supplier develops and operates its own power plants in the country and has a captive model, meaning it sells direct to businesses rather than the grid.This allows it to sustain premium pricing and secure output and the firm is on track to reach its 750 megawatt (Mw) production target in June this year and is eying a further expansion to over 2000Mw.With the company on the cusp of tripling capacity, Cantor believes the shares, priced at 89p, look good value.That view was echoed by City broker Investec in February, which said it expected OPG’s the new capacity to lead to a doubling of profits by 2017, lower debts and the start of dividend payments."
oldernowiser
17 Apr 2015
Re: Broker target 130p sp I was surprised that the update did not result in a more positive move for the sp. It has been over 100 before now with execution risk still relatively high. I think this is definitely one to hold for the longer term. So far they have pretty much hit all their targets and have big plans for the future.
gallant02
17 Apr 2015
Broker target 130p sp Hardly reflects the new capacity, but will do for starters..."India-based power generator OPG (LON:OPG) is about to be transformed, says cantor Fitzgerald, with execution risk about to fall away on the completion of 480MW of projects to take total capacity to 750MW. Cantor believes this means most of the real risk is out of the way but the shares do not yet reflect this. Positive changes in the wider Indian economy are also being overlooked. Buy with a target price of 130p, say the broker."
gallant02
14 Apr 2015
Re: RNS: Operation Update About time we heard something, initial market response lukewarm....
tasagil
14 Apr 2015
RNS: Operation Update Looks positive, buy for the future!
gallant02
01 Apr 2015
No news? The last update stated that 300 MW Gujarat - expected to commence operations in early March 2015 &180 MW Chennai IV - expected to commence operations in March 2015, so strange we haven't had a RNS confirming such.Both should be fully ramped up by end Sep when profitability should rise sharply, poor if they are awaiting y/e trading update to remind the market of this news....
Tax Inspector
27 Feb 2015
Re: update 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.
king sinbad
27 Feb 2015
update 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.
gallant02
27 Feb 2015
Re: Big Question- will investors see a 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.
Seagull2
27 Feb 2015
Big Question- will investors see a 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 holdersSeagull
