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Makes no sense as we already have a good idea from BSE news
Cenkos on the lowest bid at 9.5p now , what do they know about the numbers?
Little bit light on the profit forecast Davey @£10million f/y profits will exceed £12million maybe hit £15million if the next round of prompt payments have landed.
Ps did anybody notice a dick buy in auction yesterday at 10.8p and then sell it in the market at 10.8p, wish all these traders would bugger off from a stock like OPG. Anyway as normal you can sell size at a premium they would love that especially mr cenkos who tells clients to buy buy buy while manipulating the price below 11p still, maybe that is a good sign, they know the results too like we do, they know the profits are exceeding forecasts and in the madness of this raging bear market and stocks getting battered trying to raise money here is a £40-50 mil stock with maybe £20 mil net cash now making £10 million profits....it's bonkers lol...deep breaths...and they chase up stuff like Renx same valuation just announced a 6 month loss of $19 million and is running of cash..
Probably just me but it annoys the feck out of me it opens up almost every day Red because of a uncrossing trade at a higher price at the close the previous day. It's like groundhog day. Just makes it even more depressing especially when other stocks with the most horrendous fundamentals are being pushed to the moon. I would love to go to the top % risers and see a stock up 100% and they issue a statement saying we are up this amount because we are a bargain, we are profitable and sit on a low PER and this should have happened ages ago but no, every day some of the worst stocks in the history of worse stocks jump 50%, they will never ever make a penny profit but punters chase them. I 'm never going to sell my OPG but I'm losing the will in this market, glad the gym is up the road I can take out my impatience and frustrations on the weights instead.
Well said !
Factors impeding my success in share investing include impatience, succumbing to FOMO, premature selling, jumping onto bandwagons, insufficient research, and chasing quick wins.
However, with my investment in OPG, I've been learning to adopt a more Warren Buffet-like ethos. Despite experiencing modest gains with my holding in OPG, I've developed a strong conviction in staying aboard for the long term. So the lack of communication from Gupta or the chairman doesn't perturb me greatly (though it would certainly be appreciated). The sound fundamentals of OPG means I will be able to weather the occasional market fluctuations with confidence.
Well what chance do you have with these mm's constantly manipulating the price. Cenkos now dropping the offer, they say buy these it's worth 27p and all they do is force the price below 11p none stop, maybe there is a delayed sale to show to warrant it. 6p to 12p but it was over 60p once and it should be at least 20p right now. I'm still confident that when these numbers are released it will go bezerk
Never replied to me either. I've even sent an email to the Chairman and nothing either.
Need to find out who is behind Prana GP Limited and Talisman 37 Limited and get them to start pressuring the Guptas to focus on share price as well. However, the reality is they bought in at January 2023 when OPG was trading at 6p. So within 12 months they have doubled their investment from ~£2.5m to ~£5.0m so don't think they'll care much if this moves sideways for a couple of years.
Have they ever replied to emails ? none of mine get answered. Maybe it's Cenkos/Cavendish who we need to direct this issue at. Mind you it's just a case of patience, when they do finally announce the numbers I still think it will spike big style
I tried to email the board about why results get released early on BSE but they didnt respond back
They should delist off the LSE it has no value to them
Actually it's worth looking at Mcbride today half year results which were excellent, £17 mil half year profit on a £150 mil stock is great and they have a pile of debt, the price closed at 73p and opened at 82p so nobody got anywhere near the closing price and it finished at 88p, only just read these results 5 mins ago so do not hold them. The point is OPG results smash anything on the market, I've yet to see any stock make as much profit v their market cap and have a strong net cash position, you can get stocks making a good % of their market caps in profit but they have a lot of debt too.
Sadly this is a completely different market to previous years. It's become a say trading market which means 2 things. 1 punters are not attracted to OPG no matter how cheap it is and 2...a lot of people that do buy tend to lose patience and sell the stock back to the mm's who can keep a price in a low trading range when they should be struggling to get any stock and force to adjust the price to much higher levels. At least the blatant shake of yesterday did not work, they only managed to mug a few small pi's and 42k's worth of stock around 10.65p today but there was 130k of buys..a quiet day but Singer switched over to bid from their pathetic shake attempt yesterday.
They dont care about shareholders they make there money from the operating company not the holding one
this is just a shell
...and to put things further into perspective, net assets are 4 times the current market cap. In theory OPG should just close the business, cash in its assets and pay all shareholders something in excess of 40p per share. (I'm being simplistic and deliberately provocative but I'm agreeing with the likes of Ronaldtrump that OPG is just ridiculously undervalued right now...and, yes, I am a shareholder and have been buying at these low levels...although, as ever dyor)
Waiting for Q3 RNS as we get closer to full year results.
Happy to sit and wait for the good news to start landing
We know the last 6months have been great and we are looking in the region of 14-15million profit for y/e 2024.
However y/e2025 will be set to smash 2024 with coal price continuing to fall, Indian economy rapidly growing and energy demands increasing i think that 2024/2025 will see OPG clear 25-28million of profit.
What a surprise no delayed sales to account for all the L2 drops. joke
Funny that they drop bid and offer now but I can sell at mid price and it's full offer to buy 11p...the endless games of OPG mm's, mind you they did get a bit of stock earlier, they have succeeded in boring people into selling. Hard to be patient in this market but it's like selling your £10 notes for under a fiver here maybe a lot less
Back to 1v2 now
Still overhang here .
Sh*t performance here , shows what happens when
Company fails to update market quarterly
Well it's gone 2 bid now at 11p Wins joined Cenkos but it still seems like a endless overhang around 11.11p
Davey add to that the plant value and it proves how insane the 45million M/C is
Interesting Cenkos up pre market to 11p bid, word is out !
Judging by zero replies nobody knows. PR here has never been great but at least they are very good at running their company. It's still bizarre we get to see results before the UK market gets them but yet even when we know they are at least hitting broker targets we are stuck at 11p which is the lower end of trading range since they returned from suspension.
Be interesting to see exactly what net cash position is now if they are generating the usual cash, it could be something silly like 25 million next to a £40-45 mil market cap...maybe not but it has to look good on such a low market cap
I bought some more at just under 11p.
Thanks for the heads up re the encouraging 9 months' results issued in India. I can see that OPG issued a 9 month update on the LSE on 23/2/22, 29/1/21 and on 11/2/20, but not last year - any idea why not, and is one definitely expected for this year?
Just shows this market is backwards now. Even with that info out there people still sell. If they are not flying nobody wants to know. OPG could release this info tomorrow morning and I bet you 15p would be getting paid this week but silence and the fact it does not offer a profitable day trade to the 99% brigade in shares now means for now hardly anybody will touch despite it potentially being the best value stock on the whole exchange.