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Not be record results, they used to make £25 million in the past that would be sensational but the massive difference now from 5 years ago is they net cash position from a huge net debt position. 250k buy delayed a whole day lol these mm's are having a laugh.
Big buyers arriving with update due any day now, and only a few weeks to what could possibly be record f/y results.
Start the engines !!
Thought we might have a good crack at clearing the lines at 11p but unless a stock is flying barely anybody wants to play.
I was watching a stock on my monitor unchanged with zero volume at midday no interest whatsoever and now it's up 24% the buys fly in.
It will go soon Dave
Clear the overhang and I think it could spike 30% in a day, loads of buys yesterday 3 lots of 100k delayed and full offer buys going through on Aqse exchanged again
Historically Q1&Q2 performance tends to be far lower than Q3&Q4 however Q2 saw OPG posting record figures and a great indication on what to expect in Q3, results due any day now
Y/E (april) should see revenue hitting 160million
With EBITDA of 20million.
Won't be 11p for much longer, broker forecast is a very conservative 27p and that would still be a bargain.
Well I bought 50k after the drop
Worth a trade I hope at these levels , see what update brings
Just bought a few more (18000) myself this morning, rivaldo. Good to see you over here as well as in INSE
Some big buys late yesterday great timing by someone.
Good to see a tick up on the bid this morning after a 50k buy at 10.74p. I bought a few more recently.
Cenkos increase target price significantly to 27p
Still to low imo should be 35p
Expecting a sharp uptick with Q3 upadate about to land
Davey
Yawn … how many times are you going to repeat these examples
We all get it , move on !
Maybe OPG would be better off saying they are giving up all profitable operations and instead we are going to start drilling for Helium or anything basically. Never known a market like this in 25 years of internet trading where value profitable companies are totally shunned and punters just chase up anything loss making that spikes. I get the rise in Helium one but the price is up 2200% in a few weeks, think it's priced in for now.
Imagine if Helium one said they estimate they will make around £10 mil profits a year and generate loads of cash the shares would probably go mentals and here's OPG with still falling coal prices and we are struggling to get 100k of share volume a day now.
I also think that this year will be when they finally start to reward holders by paying a dividend, clearly making enough profit as will shortly be confirmed by another record quarter.
Oh yes I missed that one so hopefully a update soon and one perhaps to say they on course to exceed expectations with the bar being set so low and with coal prices dropping still.
I think OPG is suffering because it's become a day trading frenzy in the last 12 months, no matter how good or cheap or value a stock is nobody will touch them until they are high up on the leaders board. Remember the last time that happened here the buys were flying in but sadly from traders who all sold out again within a week.
Dave it is crazy to think how cheap this is when looking at the performance especially the last quarter if Q3 and Q4 match it (and they are usually far better) then we should be set for a cracking f/y (not long to wait) as a minimum 25+p but could easily be in the 30-35p range
28th Feb 2022
29th Jan 2021
11th Feb 2020
23rd Feb 2019
I think they will be quick to release this years based on the massively improved performance in rhe last quarter and knowing that historically they always have a much stronger second half to the year.
Ronald
OPG have not issued a 3rd Quarter trader update since 2020. It's just a full year update in May/June.
The main things are for once the broker Cenkos has not issued a sky high profits forecast which would be difficult to beat but instead a very low one which should be easy to smash, they already made well over half that target in H1.
Have you notice Coal prices are now dropping more having been stable for a while after the recent plunges through 2023. If they returned to pre war levels OPG could return to £30 mil+ EBITDA and £15-25 mil PBT which would be mental on their current valuation considering they have a strong net cash position not a big debt pile from say 3-4 years ago.
Just unloved, I see other companies doing well seeing reratings. Our time will come this year
Dave
You are a hypocrite Reading your conversations with Parob on the MTEC thread
And you have the nerve to filter ppl with your behaviour
Do not try to justify it .
OPG - Also I see you are singing the same tunes to the lack of buybacks now
Bubba and myself said this many weeks ago
Something not adding up here still , maybe it will change on next RNS
Added 3 lots of 50k today, heavily manipulated atm which is what mm's do with my stocks
It is thought it would this week and next with Q3 due to land
Good to see the share price creeping back up again.
Its only a matter of time and this will rocket
Anyone who has followed OPG knows how undervalued it is
Buying at these levels and in the space of 2years i can see it yielding 20-30% per annum in dividends, just another reason to buy.
75k buy order in auction at 10.7p.
I'll be buying more today, you want to watch them manipulate this on L2 recently, buy after buy no move little sell mm drops on L2, weird how mm's never spike stocks making profits, always the rubbish that gets pushed
Agree Davey short term there is massive upside as they are clearly back to making large profits.
Long term i think OPG is a very well managed company that will continue to grow.
Short term forecast for 2024 35p
Forecast for the next 2-3years 60p-70p as the company starts to supersede historical profit levels.