Some movement in the SP at last. Last year we had an update on the 5th Nov and we have the AGM coming up, so hopefully we should get some news of progress. Question, will India's 5% inflation help to reduce the debt?
The stubborn refusal of the share price here to move up is very similar to Mytrah (MYT) which has just announced 1GW of installed capacity. I think these shares are under the radar at the moment - perhaps impacted by the fallout on Chinese AiM stocks. They could become very big companies. India is desperate for power.
I don't see debt as a big deal to be honest. You can't build power stations without incurring substantial debts but we have sufficient (and increasing) revenue to pay down debt and still have sufficient profits for a dividend in due course.
I think the real problem is the seller (perhaps the retired Chairman?) and once he is done this should be free to rise.
Fair comment, Wuffle. I guess the key for OPG (as far as the market is concerned) is getting the debt issue sorted i.e. at least be seen to be having and then implementing a plan to bring it down - noted that they passed comment on this as one of their key strategic aims.
Is there still a big seller out there off-loading too? (Again, mentioned a month or two back that there was an institutional seller holding back the sp.
Update last year was in Nov with half-yearly report on 1st Dec. Hopefully similar timescales this year for updates on progress.
Am I right in thinking that the devaluation of the GBP will mean an increase in OPG profits? I think the rupee has strengthened by 15-20% against the GBP in the last few months so should have a beneficial effect on profits, surely? That being said, to what extent OPG would have the muscle (or will) to hedge against currency movements, I do not know.
Often there are other trades at the same sort of time which can give an indication whether the subject trade was a buy or sell. From memory all the trades were at mid and it was not easy to tell either way.
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