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Opg Power Share Chat (OPG)



Share Price: 69.50Bid: 69.00Ask: 70.00Change: -0.25 (-0.36%)Faller - Opg Power
Spread: 1.00Spread as %: 1.45%Open: 69.75High: 69.75Low: 69.50Yesterday’s Close: 69.75


Share Discussion for Opg Power


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Wuffle
Posts: 432
Off Topic
Opinion:No Opinion
Price:69.75
RE: 4.4
Tue 14:03
Old tariff just for Chennai which is just higher - don't know why to be honest.
Gujarat is lower so will reduce the average.
Some of it will be coal price.
I work in transport and the huge and variable fuel cost is always factored into contracts just for common sense reasons. It s out of either parties control and neither party would commit to long term contracts otherwise.
Expect this is the same.
 
HFWizard
Posts: 161
Off Topic
Opinion:No Opinion
Price:69.75
RE: 4.4
Tue 13:01
i am closer to pulling the trigger on this stock and re-entering. i cant work out how they have lost so much pricing power in a strong power market.

From 1st Dec 2015 trading update:
"In October 2015 our total billings, for the Chennai plant, were INR 1,122 million (GBP 11.4 million) based on an average plant load factor of 70% for the month. Average tariff was INR 5.56."
HFWizard
Posts: 161
Off Topic
Opinion:No Opinion
Price:69.75
4.4
Tue 12:59
Hi All,
I have previously owend this stock but followed it closely for far longer. there is a lot to cheer about in this update but i wanted t see what the board thought of the tariff @ 4.4
"Company expects to achieve an average tariff in FY17 of approximately INR 4.40".
if my memory serves me right OPG used to get around INR 5.50?
rivaldo
Posts: 2,013
Research
Opinion:Strong Buy
Price:69.75
Excellent year end update
Tue 12:05
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.
holycustard
Posts: 17
Off Topic
Opinion:No Opinion
Price:69.75
RE: Chunky buys this morning
Tue 11:00
Excellent update. Funnily enough, my son, works in the City in investment management and I was talking to him about OPG. He had concerns about level of debt, the renewable agenda (including the use of coal and coal prices) and the likelihood of a dividend.

This RNS answers all these concerns...and more.

Looking to move to the main market, as well........pretty much all good news.

PS I reckon the dividend (back of fag packet calc) is likely to be 0.5-1.0p (for the full year. It'll do for starters.
Ctw2014
Posts: 831
Observation
Opinion:No Opinion
Price:69.50
Chunky buys this morning
Tue 09:41
People are seeing the value here
Ctw2014
Posts: 831
Observation
Opinion:No Opinion
Price:69.50
RNS out
Tue 08:51
Looks good to me. Clarity over maiden dividend plus possible move to the main market. FY 16 outturn in line with market expectations.
Wuffle
Posts: 432
Off Topic
Opinion:No Opinion
Price:67.50
RE: 2 year low
Mon 14:20
The final results, and reaction to, will be interesting.
The previous 2 years were very similar, reflecting the stability in the output of the completed plant (maybe a cheaper coal price and / or currency).
This year the situation is transient and the results are, well, not quite a waste of time but heavily subject to interpretation.
The actual numbers might be underwhelming.
The timing of the build up of 180MW Chennai across two financial years, which was then disrupted by the floods, will make it almost invisible.
There will be a better bottom line but quite a lot of that will be down to the coal price.
The delays in G2 causing the output of G1 to be capitalized will again render the output growth invisible.
We all know it is there but a glance at the end of year numbers won't show it.
Debt levels will be at peak and the EPS will be wiped out in debt repayments.
It would be easy to paint this quite black.

All the good news missing from this years numbers will show up next year.
And still the year after that I will expect turnover to be increasing from the plant we all know about already.
A longer time frame and this all clicks into place but I don't know how the market will react this time around.
Ctw2014
Posts: 831
Observation
Opinion:No Opinion
Price:67.50
2 year low
Mon 12:47
It has to turn at some point. Final results time is as good a time as any.
Wuffle
Posts: 432
Off Topic
Opinion:No Opinion
Price:68.00
dilemma
Sun 18:18
This has drifted since I started buying again last August (after a quick smash and grab 2 years ago).
Buying the dips in larger amounts after a tentative start means the damage isn't too bad.
The story remains compelling in my eyes.
Execution risk really diminished now, EPS on an upward trajectory, debt repayments underway and more bang for my buck.
The business fundamentals are, on the face of it, easy to extrapolate forward a few years and the broker forcasts don't look a stretch.

The thing is, I have dropped a bit into oil and gas since xmas and that has done OK so far but I think there is more to come.
A subdued OPG would make a nice place to put some oil and gas money as I ease out.
Sorry for even thinking it.

Wuffle.




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