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Also good to see such high demand/plf with the price of coal has starting to fall again, should ensure a solid finish to the year and add to a very profitable last 6months
Great results
Just over six million profit over the last six months and improving, not bad for a company with a m/c of 40million.
Results are out in BSE...some more profits to show for the quarter as expected. Slightly higher profits than prior quarter driven by a monster PLF.
Hopefully considering if there will be a dividend from all the profits made over the last 6months
They usually release them same day
Still no update
Bubba
Filing said “ to CONSIDER financial statements for the period ended December 2023.” not release of results
Well I was going to take the day off after the initial morning rush but stayed online all day to see if they would sneak out those results and give us all a edge. I hold loads anyway so if it does shoot up win win but those who sold out and were deramping are laughing because they are getting a free look so to speak
Thanks, Hazbeen
Https://www.bseindia.com/stock-share-price/opg-power-generation-pvt-ltd/1075opgpl26/975032/corp-announcements/
Nothing yet but just filing said this
OPG POWER GENERATION PRIVATE LIMITED has informed BSE about Board Meeting to be held on 14 Feb 2024 to consider financial statements for the period ended December 2023. Financial results.
Bubba - have Q3 results been released somewhere, as you predicted? If so, could you point me in the direction of where to find them, please? Thanks. (Sorry - this posting may come across as being sarcastic....it's not meant to be....I'm genuinely hoping the Q3 results are out somewhere)
It's me, Davey......I'm launching a takeover by buying single shares for the foreseeable future. It means I'm doing it without affecting the sp although I suspect it'll take me well past the end of my lifetime before I get anywhere near completing it....meanwhile the transaction costs are killing me!!
PS the above is a poor attempt at satire and not to be taken seriously.
All these 1 trades loads of them bit of a mystery ?
Thanks Bubba
Should give this the kick it needs
Results out 14th but only on bse
I think they have only ever missed 1year
I sold out this morning,
Following the seller in play.
GLA
Why is it their Q3 reporting is inconsistent - sometimes they report, sometimes they don't?
Surely Q3 lands this week
Looking forward to increased turnover and with it increased profit
Over the last two years the big seller was M&G Investment Management which disposed of over 12% stake in 2022/2023. They are out of the way.
If there is still a large seller could be Close Brothers Asset Management which still had about 2% stake as of July 2023. If you look at their stewardship policy online they say they don't invest in Coal or Tobacco for example so probably will need to divest of this by a certain date.
How long has a seller been about and do we know who it is?
10.8 seems like a strong floor
You've hit the nail on the head, patience here will be very well rewarded both short term and long term
I think you're right, Ronald......a close family member is a fund manager (of a small fund) and even he's precluded from buying into businesses such as OPG...partly because the business is too small but mainly because the City is obsessed with the ESG (environmental, social and governance) agenda which OPG hardly fits the bill (currently, at least).
Once the big seller is out of the way, even with the fact that OPG is burning coal, the fact that the business is churning out cash (which could be used to improve it's ESG credentials and/or pay a divi) means the sp is likely to respond positively in due course.
Fund managers obligated to clean energy so they don't have a choice there loss is everyones gain because this is a cash cow.
The debt reduction over the last 6-7 years is incredible. Plant paid for and now generating bundles of cash
Question is why does the seller want out now ?
Who is this large seller ?
Davy
I have bought in a trade , and see how it goes to se if I hold
This has fallen last couple of weeks , so frankly buying means diddly squat because we had buyers high too
The point you failed to mention is there is a big seller ,
L2 stuck at 1v1 even with the buying
It seems MM closed the bid/ask to attract buyers