gretel
24 May 2016
Excellent year end update Trading in line with now historic 7p EPS expectations, so at around 69p this is looking pretty cheap imho.Especially when forecasts are for above 9p EPS this year - and with a dividend to add to the attractions.
gallant02
24 May 2016
Trading and Dividend Update Well there you go, someone was listening...Excellent position, hopefully should do the trick!
gallant02
23 May 2016
Re: Don't get the recent drift down? The BOD don't help matters with a lack of communication. April 2015 they gave an operational up-date that flagged the y/e results would be in line with expectations. This is presently an exciting time for shareholders with substantial new capacity now operational and earnings about to increase dramatically. Throw in an early dividend prospect and the shares should be flying.I guess we now have to wait for the full year results hopefully out early June, at which stage we should see the shares surge forward. One issue is that shares are tightly held so we never see much volume, although I recently noticed in one day over 500k shares were traded, well above the norm.Fingers crossed our patience will soon be rewarded.
LuckyHooker
20 May 2016
Re: Don't get the recent drift down? It is painful and I'm in the same position - down c30% - but there seems no reason and the transactions are pitifully small. Still, to me the story is the same as when I bought the shares (and has progressed as expected) so if they were good then they are still good.If you don't know why you bought a share in the first place you usually end up not knowing why you sold it.
evenlongershot
19 May 2016
Re: Don't get the recent drift down? Agree, don't get it either. I have quite a large holding of this so am very much in the red, but going to keep the faith. Hoping just general market malaise towards emerging markets, and lack of positive news flow. They're not ones for updating the market. Perhaps also worries on their debt levels?
gallant02
18 May 2016
Don't get the recent drift down? Given the macro-economics (see below) coupled with the fact that OPG will soon announce strong profit growth and a possible dividend I really don't get why the price is at the present level. Hopefully, common sense will soon prevail..." India Overtakes China as Fastest Growing Economy in the world" - India has overtaken China as the fastest growing global economy – and according to Paul Sheard, chief economist at S&P Global India could grow up to 8% annually for the next 30 years.Speaking at the sixth annual Financial Leaders’ Forum in Saudi Arabia last week, Sheard was reported to back India’s long term growth potential, thanks in the most part to its favourable demographics.Being one of the world’s largest importers of oil, India has a net beneficiary of a falling oil price over the past two years, boosting public finances and bringing down living costs in the country.While the IMF forecasts India's GDP to grow at 7.5% over the next two years, New Delhi's Central Statistics Office expects the country's GDP to climb to 7.6% in 2016, which is an increase of 0.4% than what it achieved in 2014.Unlike most of its emerging market peers such as Brazil and Russia that are heavily relying on commodity-related exports, India economy is fundamentally driven by emerging middle class consumers in the country.Political stability is also one of the contributors, thanks to Prime Minister Narendra Modi’s efforts to boost foreign investment and infrastructure. In Mumbai, at the Make in India Week exposition, attended by more than 10,000 government and business delegations from 72 countries, $220 billion of investment was committed, creating jobs and boosting manufacturing, according to Kunal Desai, manager of the Neptune India Fund.“Whilst it is debatable how much investment will materialise, we believe it goes some way to show the intent of policymakers – other emerging markets are not approaching foreign companies with this scale and coordination,” says Desai.Desai believes that the most interesting investments in the Indian market exist among mid-cap stocks, where he believes companies to “be far more nimble than their baggage-burdened large-cap peers”.
gretel
28 Apr 2016
The IC say Buy The IC have FYI recently posted their individual verdicts on numbers 51-100 of the top 100 companies on AIM by market cap - they say Buy for OPG:[link] "51. OPG POWER VENTURESThe structural drivers of Indian energy generator OPG Power Ventures (OPG) are not going anywhere – the chasm between demand and reliable supply of power from the country’s rapidly growing population. This has driven solid profit growth for the energy generator during the past four years as it has built up its operational capacity. OPG runs coal-fired plants in Gujarat and Chennai, with an operating capacity of 750 megawatts (MW).With the plant infrastructure now in place, the focus for management this year will be on ramping up generation to maximise revenues, particularly at its 300MW Gujarat plant. Power sales from this plant have so far been to industrial customers on short-term contracts. However, management has gained permission to sell its power in certain states outside Gujarat in order to diversify its income stream and gain access to more attractive energy tariffs.Even after heavy flooding in Chennai at the end of last year, management still expects trading this year to be within market expectations. That’s a Bloomberg consensus adjusted EPS of 7.1p for 2016, from 4.8p last year. Chief executive Arvind Gupta told us at the time of OPG’s half-year results in December that management intends to pay a maiden dividend during the 2017 financial year. Trading on 11 times earnings, we think the shares constitute a thematic buy."
LuckyHooker
08 Apr 2016
Re: Lots of upside, 130p broker target I'm holding. It's just a waiting game.
gallant02
08 Apr 2016
Re: Lots of upside, 130p broker target I got badly burned on another AIM stock last year, which has made me very cautious. However, OPG remains a banker bet for me as I remain confident that once the earnings from the increased capacity flow through (IMO profit forecasts are being materially under-stated by brokers) and dividends commence then we should see a new wave of interest.I've never seen a bad report written on this company, even old bloggers that were burned from the over-hyped floatation went quiet long ago. The short term issue is that it is a very illiquid stock so even modest selling tends to drive the price down, but any negative sentiment has been down to wider market issues eg China, Greece etc. The only matter that tends to adversely affect OPG is the Rupee rate and also adverse sentiment around falling commodity prices.If I hadn't lost a bundle on another share I would be piling into OPG at this price... DYOR of course!
evenlongershot
07 Apr 2016
Re: Lots of upside, 130p broker target Can't understand this share - I would have thought the price would have risen much higher off its lows because of the profitability, prospects, P/E. It's generating higher profits than it was when its share price was considerably higher. Am heavily invested here so of course want it to improve (!) but some of my holdings I can understand why they're in the doldrums. But this one I don't quite get. Tempted to buy a few more as the gut says this will go up, but I've been burnt by energy before (APR) so perhaps should sit tight on what I'm holding. Any other holders/opinions out there?
mcescher
30 Mar 2016
Very thorough analysis of OPG The EPS growth is expected to be 30%. ([link] Anyone believe the analysts?
gretel
26 Feb 2016
Lots of upside, 130p broker target Cantor reiterate their Buy and 130p target:[link] Gujarat delays are in the past - and reflected in the share price. It's now time to look forward.Around 30% EPS growth in the coming year to 9.4p EPS - plus the initiation of dividends - should be enough to tempt some institutional investors.
gretel
26 Feb 2016
Good, solid update today The update looks fine - nice and steady, with no slip-ups. Just what the market likes.On track for 7p-7.5p EPS for the year about to finish, with 9.4p EPS for the coming year.The Q4 update will update re likely year end dividends too.The closing comment is promising:"With the Indian economic outlook improving, with subdued fuel costs and key sector reforms being implemented, we remain positive about our long term growth outlook."
Trabucan
22 Feb 2016
Re: Results In their RNS dated 1 Feb they said that there will be a Q3 Trading Update this week.
oldernowiser
21 Feb 2016
Re: Results Their year end is 31 March so not results but there could be a trading update
