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Opg Power Share Chat (OPG)



Share Price: 54.00Bid: 53.50Ask: 54.50Change: 0.25 (+0.47%)Riser - Opg Power
Spread: 1.00Spread as %: 1.87%Open: 53.75High: 54.00Low: 53.75Yesterday’s Close: 53.75


Share Discussion for Opg Power


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Ctw2014
Posts: 1,130
Observation
Opinion:No Opinion
Price:53.75
Eps question
Tue 20:06
I have been pointing out for a while that we have a low forward p/e. My broker's website gives a forecast p/e for year ending 31/3/17 of 8.8 but I am sure that will not be taking into account the latest figures. Revenue for the whole year ended 31st March 2016 was only £128 m so I doubt you are far wrong.
 
Wuffle
Posts: 544
Off Topic
Opinion:No Opinion
Price:53.75
RE: EPS Question
Tue 16:48
interesting,

As you say there are a number of things going on.

1) The coal price has gone up, though I would be amazed if there is not provision for this in the med/long term
supply contracts, there may be a hit to earnings in the second half.
2) The revenue growth will be coming mostly from Gujarat which is less profitable than the operations in Tamil
Nadu.
3) The interest payments will be spiking now that Gujarat is operational.

But any half decent analyst will know this.

There is a bit of a cloud over the Indian power space at the moment (or so I read in the FT) whereby politicians are using power subsidies to 'buy' votes and it is causing difficulties upstream. How this will affect OPG with their customer base is unknowable.
Also, the exchange rate has changed quite a bit since then and this will benefit the earnings but increase the debt of OPG in sterling and that might be making people nervous.

I have a chunk of these and hope you are right about it being cheap.
interesting
Posts: 1,252
Question
Opinion:No Opinion
Price:54.25
EPS Question
Tue 13:01
Can someone check I'm not misunderstanding the following comment from the trading update RNS. It says:
"In the six months ended 30th September 2016, according to its unaudited results for the period, the Company generated revenues of £118 million, EBITDA of £41 million, profit before tax of £18 million and earnings per share of 4.80 pence."
Assuming the second half is not dis-similar (although I note it may be a little lower due to a couple of thing) and so let's say EPS is 9 pence - that means that the PE ratio, as it stands, is about 55/9 = 6.1. That seems ridiculously low. Am I missing something???
Ctw2014
Posts: 1,130
Observation
Opinion:No Opinion
Price:54.25
Re Close
Mon 20:42
If I had put a stop loss on this it would have been triggered long ago. To be honest I have stopped using them because I always regretted it when they were triggered. I am well down on this share but have great confidence that the tide will turn eventually.
matylda
Posts: 46
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:54.50
Close
Mon 15:58
Close to Stop loss here - It will pain me to sell what seems a decent investment
Bully9
Posts: 50
Off Topic
Opinion:No Opinion
Price:55.25
Ctw2014
Sun 08:50
Thanks ,this gives some hope for the future
Ctw2014
Posts: 1,130
Observation
Opinion:No Opinion
Price:55.25
SP performance
Sat 11:40
It's impossible to deny that this has been on a downward trend for a considerable period. It has approximately halved in value in less than two years. However, it has done that against a background of the successful commissioning of much more capacity and rapidly increasing revenue and profits, as well as the declaration of a maiden dividend. That doesn't make sense in the fundamentals but does make sense in the context of a large shareholder off loading shares over an extended period to realise cash. The recently retired former Chairnan is my prime suspect but whoever it is has clearly been off loading chunks in round numbers for ages. Whoever it is clearly doesn't want to crash the price and is off loading in a controlled way, but in the absence of more volume it is having a depressing influence on the sp.

However, he has to stop eventually, and then watch this rise. Watch out for the q3 update.

I am holding but wish I was buying in now, rather than some time ago!
Bully9
Posts: 50
Off Topic
Opinion:No Opinion
Price:55.25
Dog
Fri 16:41
Bit of a dog this share on a downward trend. Here's hoping it will somehow turn around soon.
holycustard
Posts: 67
Off Topic
Opinion:No Opinion
Price:55.50
RE: Divi day!
Fri 13:55
Hmmmm - not paid into my SIPP account with Share. I've chased them and they're chasing the company. Likely it'll turn up next Monday, apparently. Not brilliant/impressed.
Wuffle
Posts: 544
Off Topic
Opinion:No Opinion
Price:56.50
RE: Divi day!
Fri 08:54
Paid on time into Hargreaves Lansdown account.




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