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Opg Power Share Chat (OPG)



Share Price: 66.50Bid: 66.00Ask: 67.00Change: 0.00 (0.00%)No Movement on Opg Power
Spread: 1.00Spread as %: 1.52%Open: 66.50High: 66.50Low: 66.50Yesterday’s Close: 66.50


Share Discussion for Opg Power


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jtmkar
Posts: 45
Premium Chat Member
Off Topic
Opinion:Buy
Price:66.50
I'm In
Today 14:05
Been considering this for a while - My main concern is the huge debt and hence that recent dividend payment announcement. I would rather they pay down the debt that pay a dividend, that debt scares me a little more than a little bit of income is welcomed.

Anyway, the rest of the figures mean I bought in at 66.41 today.
 
Ctw2014
Posts: 1,001
Observation
Opinion:No Opinion
Price:66.50
Buy tip
Today 12:00
Good news - we need the publicity
rivaldo
Posts: 2,805
Research
Opinion:Strong Buy
Price:66.50
Buy tip in the IC
Today 11:29
Http://www.investorschronicle.co.uk/2016/12/07/shares/news-and-analysis/opg-power-boosts-electricity-output-GNfdi13BtSM0Nn9opHyUxN/article.html

"OPG Power boosts electricity output

A growing economy means that demand for electricity in India will continue to accelerate. And that's good news for OPG Power Ventures (OPG), where a two-thirds increase in electricity generation in the six months to September saw revenue more than double, while cash profits jumped 81 per cent to £42.1m.

At the Chennai plant, output grew by 16 per cent over the previous six months, while the PLF ratio - that's actual output as a percentage of total possible out - reached 80 per cent. Output at the Gujarat plant was nearly doubled, having been fully commissioned in February, and the average PLF ratio was around 70 per cent compared with a national average for similar thermal plants of 62 per cent.

Higher coal prices in the first half were mitigated to some extent as a result of advanced purchase orders at the start of the year. Around two-thirds of second-half requirements have already been purchased, although this will entail additional costs of around £7m. Looking ahead, the group has secured, in principle, finance for its 62 megawatt solar projects, which should enable it to start onsite works in the second half.

Shareholders were also rewarded with a maiden half-year dividend, with the annual proposed payout of 15 per cent of net earnings split between one-third at the half-year stage and the balance comprising a final dividend.

Analysts at Macquarie expect adjusted profit of £30.8m for the 12 months to March 2017 and EPS of 9p a share (from £18.6m and 5p in FY2016).

IC VIEW:

OPG's shares trade at eight times forward earnings. With strong growth in output and a move into solar generation, they retain their attraction. Buy."
Ctw2014
Posts: 1,001
Observation
Opinion:No Opinion
Price:66.50
Hearing should be gearing
Today 10:22
Typo
Ctw2014
Posts: 1,001
Observation
Opinion:No Opinion
Price:66.50
For what it's worth
Today 10:20
It may be a predictable business but there aren't too many around that generate a 108% increase in revenues and an 81% increase in eps in one year. On the current sp that gives a current p/e of 13.8. According to my broker this is forecast to drop to 8.1 by year end 31/3/17 and 6.4 by end 31/3/18. If those forecasts are achieved we will be very cheap indeed on the current sp. I am comfortable with the debt position given hearing is down 55% and clearly very manageable. With the maiden dividend looking secure and further growth in the pipeline, this should be doing better and has only been held back by a major seller who, sooner or later, will be finished and this will be free to push on up. All IMO and DIYOR.
Ctw2014
Posts: 1,001
Observation
Opinion:No Opinion
Price:66.50
Seller
Tue 16:24
We would be doing fine if the seller wasn't still unloading.
Wuffle
Posts: 503
Off Topic
Opinion:No Opinion
Price:66.75
For what it's worth...
Tue 13:55
I can't be the only one who has read around the boards and picked up on a divergence of opinion.
Here is mine.

The results are fairly predictable - it's a predictable business.
I note an average exchange rate for the H1 figures but a snapshot exchange rate for debt.
The average PLFs show a bit more progress from the indicated Q1 number so they are still refining the operation.
The repayments have started - 925m rupees in H1.
There is a chunky number in there for interest, probably of the same order as repayment.

The lower returns from G1 + G2 (which we knew), the larger interest payments and the start of repayments all contribute to making the performance look a bit underwhelming but I don't think that is right.

The dividend amounts to about £1m sterling and is probably just some 'walking around money' for the controlling family.
Shareholders have benefited far more from the debt pay down.

First job has to be to get that debt restructured.
They are a utility now.
~10% pay back and a similar reduction in interest will compound in the next years numbers.
It would go quite a way t paying the dividend.

I await the post results PR.
Woody166
Posts: 9
Observation
Opinion:Buy
Price:68.50
Kick Start OPG
Tue 11:36
Have just put in a (reasonably) large buy - see if this kick starts OPG. All these promises of good things for the future bode well and think I should get back in now before the price goes up to where it's targeted
HFWizard
Posts: 304
Off Topic
Opinion:Strong Buy
Price:69.00
strong half year results
Tue 09:42
very good set of numbers to my eyes. strong revenue generation, solid profit margins. full disclosure on dividedn policy. solar to start to be put into place in Q1 2017.
Wuffle
Posts: 503
Off Topic
Opinion:No Opinion
Price:66.25
RE: Interims
Sat 08:14
We have not had much to go on for quite a long time.
A single turnover figure in sterling with no exchange rate guidance at a time when it was swinging about by 20%.
Nonetheless, recent 60p felt cheap to me given previous EPS on that kind of turnover.
Dividend will be nice but I am expecting my real returns to come from price growth this next year.




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