gallant02
02 Aug 2016
Re: Gujarat lack of news They aren't very good at presenting. Wouldn't worry about the web site, key factor from these results is "Q1 FY17 aggregate group revenues approx. £57 million and average group PLF 72%".Simple maths suggests next year's revenue could be nearly double this year's £128m so the real profit improvement is yet to show through, they should have given a Q1 2016 revenue comparison to drive the revenue improvement home.I expect a broker's note soon that will hopefully provide a clearer message, although so far their profit forecasts have been pretty conservative.Happy to keep this one tucked away, they message will get home eventually - at least at interim stage they would usually do a half-year comparison so we should see the trend clearer by then.
oldernowiser
01 Aug 2016
Gujarat lack of news The website shows that only half of Gujarat is in operation. The lack of news is very very disappointing and must be the reason for the big fall in the SP
gallant02
15 Jul 2016
OPG fully delivered on targets, says Macquarie Broker Macquarie rates India-focused power generator OPG Power Ventures PLC s 'outperform' and says "significant upside" is on the way.Broker Macquarie rates India-focused power generator OPG Power Ventures PLC (LON:OPG) as 'outperform' and says "significant upside" is on the way.It has a 12 month target and valuation of 120p on the stock, against a current price of 54.75p.Since the beginning of 2014, the group has successfully delivered on its targets by more than doubling its ‘operating’ capacity, thereby removing any ‘residual’ pipeline risk," says analyst Dominic Nash.Indian GDP (Gross domestic product) is nearing 8%, and OPG has derisked its business model and recently made a foray into the renewable space (solar)."However, OPG’s share price has decoupled from fundamentals and is currently trading even below pre-2011 levels," the broker notes.Macquarie believes it is unfeasible that coal will be displaced as the ‘workhorse' fuel. The OPG fleet is new and complies with coal-emissions regulations, it added.It has now delivered its target of 750Mw of installed capacity, and once commissioned, the broker sees a two-fold increase in EBITDA (underlying earnings) to £86.3mln in 2018 estimates.It recently announced the development of a 62Mw solar project in Karnataka, with a 25 year PPA (power purchase agreements),which the broker sees as 3p a share value accretive. The firm is aiming for over 300MW of renewable projects in India, adding 16p or 13% to the broker's valuation.
moneybeingmade
12 Jul 2016
'buy' recommendation and 130p price [link]
JJHBev
11 Jul 2016
Re: OPG has Eastern Promise says Cantor Good morning gallant.The Cantor comments look reasonable - but, having already waited so long, I'm afraid that I think that we still have some waiting to do.As you will have seen from my post of some weeks ago over on Advfn I am not expecting anything special in the upcoming figures for the year. This is because:Chennai output ramp up has been very slow & was affected by the floods.Gujarat figures are only included for Feb & Mar and are (effectively) for only half the plant with the second unit barely starting its ramp up.News flow should increase and improve - & it certainly needs to improve! Production figures for Apl-Jun should be released by end Aug. There should be an updated on the move to the main board. There should be the "investor day" and hopefully other presentations as the months progress. There should be news on the interim dividend. Then in Nov/Dec we should get half year figures which will really give some clear evidence of the improved financial performance.But at this stage there is the continued selling by whichever institution/investor. These are continuing every day in chunks of 100k, 50k and (contemporaneously timed multiples of) 25k. Until this comes to an end there is not enough buying demand to lift the sp. I note that there was another 100k at 8.55am today!So, I believe that it will take most or all of this half year for any major uplift in sp - but I hope that I am wrong. In the meanwhile, with the £:INR exchange rate apparently heading for 85 it does make OPG even more undervalued. Last year (obviously based on just Chennai I, II & II) the net profit was £17.2m. That now equates to approx £20m. That equals a p/e of 10x based on the current sp. IMO this is crazy with Chennai IV & Gujarat now completed (albeit not completely ramped up) - BUT the delays in delivery have damaged the credibility of the board and unfortunately I do think that it will still take quite some time for that to be re-established.
gallant02
11 Jul 2016
OPG has Eastern Promise says Cantor Up-date from Cantor:[link] is more upside to come from OPG Ventures PLC (LON:OPG) after the India-focused energy group invested £45mln in solar projects, a broker reckons.OPG said last week that it was investing the cash in four solar power schemes at various sites in the highly industrialised area of Karnataka.It expects all the projects, able to generate 62 megawatts of electricity in total, to generate cash flow by June next year.Cantor Fitzgerald reiterated its 'buy' recommendation on the stock and 130p price target.The broker said the investment would provide useful marginal cash generation from 2017/18."Solar pricing looks to have firmed and we expect more in this vein from OPG, with the potential to do up to 300 megawatts in the next three years," Cantor said."We have adjusted our forecasts to reflect this initial investment but also taken a more conservative view on coal tariffs and prices to leave our target price unchanged at 130p."With an enhanced dividend outlook, we reiterate our 'buy' recommendation".
gallant02
06 Jul 2016
solar power investment just the ‘beginningÂ’ Nice write up:"Indian power utility OPG Power Ventures PLC (LON:OPG) expects a fast payback from US$45mln it has just invested into four solar power projects in India.The sites, in the heavily industrialised Karnataka State, should be up and running and generating cash by this time next year says strategy director Ajay Paliwal.Funding will be a combination of debt and cash flow from its existing 750Mw of coal-powered stations, but with the profile of India’s power strategy changing towards renewables it makes sense for OPG also to change tack, he said.India's government has a target of 100Gw of energy from renewables, so more solar deals could follow he says."Full interview in below link.[link]
gallant02
05 Jul 2016
Move into Solar Power Today's RNS provides impetus into remaining a growth story, but met with mooted response - simply no pleasing some folk...Y/e results must be due any day so we'll see what that brings - I do hope they provide a profit run-rate number a simply providing quarterly or annual cmparitives won't tell the whole story given the recent surge in on-line capacity.
Ripley94
27 Jun 2016
Re: Midas tip in Sunday Mail Got in today @ 61. ( Monday )brexit panic. same limit Friday a day after failed .more panic over weekend .
Source
26 Jun 2016
Re: Trading up-date this Thursday The big drop in the £ is quite a positive for OPG, it is not affected by the Brexit either, so hopefully the sense will prevail eventually and hopefully finally end the drift...Think OPG are due to do some Road-shows of some sort this month too (or next?) which should help emphasise its strengths and positive debt reductions.RegardsSource
Ripley94
24 Jun 2016
Re: Midas tip in Sunday Mail Out won this drooped 8%
gretel
03 Jun 2016
130p broker target Article about the results not posted here before, including a little broker comment as follows: http ://www.proactiveinvestors.co.uk/companies/news/126292/opg-power-ventures-comes-of-age-126292.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-352154-PROACTIVITY%3A+London+shale+stocks+get+fracking+boostExtract:"Brokers were also quick to praise the company's promise to become dividend-paying in 2017."We view OPG's clear commitment to a dividend in FY 2017, with an interim payment this calendar year, as extremely positive," said Adam Forsyth of Cantor stockbrokers.We think it reflects the company's confidence.The broker reiterated its Buy rating for OPG, with a target price of 130p."
gallant02
31 May 2016
Re: �incredible year� in 2015 The move should attract more investors so the hope is that demand will drive up the price, the issue lies in the fact that the shares are highly illiquid so there may not be enough available to meet the needs of larger investors. Time will tell.Revenue and profit growth between 2014 & 15 was pedestrian and broker forecasts haven't been massively bullish so what we need to see is revenue and profit figures demonstrating what the new capacity is generating - it seems people need numbers (not simply production and tariffs), not theory hence the next results are key to clearly demonstrating that the company has moved to a new level.A further issue is that while there is much talk about future plans, there is no new development actually on the table presently so they are in danger of moving from being a growth stock to an income stock - that doesn't excite anyone so the BOD need to pull something new out of the hat because the new capacity will quickly become old news...I remain a long term holder though, they have delivered well thus far and India is the next big story imo.
tasagil
28 May 2016
Re: “incredible year” in 2015 Great update, great results, cracking article (thanks for that!). Interesting to think about the move to main market.......will this be the catalyst for OPG to realise a share price value which equates to its potential?
gallant02
27 May 2016
“incredible year” in 2015 Pro-Active interview in the below link. Seems fairly bullish... [link] focused on “good, solid growth” after an “incredible year” in 2015.Ajay Paliwal, strategy director of Indian power generator OPG Power Ventures PLC (LON:OPG), tells Proactive Investors the company has had an “incredible year, starting with the capacity that we have on stream now”.OPG has gone from 270Mw to 750Mw in the last year, he says, which has made a “huge transformation” in the business.In a trading update, the company noted that two months into the current financial year it is seeing greater revenue visibility, and Paliwal says “the fantastic thing about being a shareholder in this company today is that we are now generating and deploying cash.”OPG also announced it is to start paying dividends and the strategy director says “the outlook is very much for good, solid growth” in the coming years, with an “ethos of wanting to be and continuing to be profitable in everything that we do.”
