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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.
Go and read Hvivo numbers today in trading update. They have less ebitda, less profits but growing, but have double the cash OPG has yet they are valued at nearly £200 million. Talk about unloved OPG here, one day this will go mental when the penny drops or they finally do some buybacks, that is annoying me going to lengths to get permission and then not doing any with all the cash and a falling shareprice ???
Good move if they get someone in who is more investor relations minded.
Should start to move back up this week with Q3 expected to drop.
He is retaining his CFO role presumably. Also he seems to be on a CFO panel in February so would be weird if he had resigned and was participating on that.
Update this week ⁸
He is but its the company secretary role where he has been replaced , could simply be that as CFO he doesn't have the time to undertake the obligations of secretary aswell.
He clearly failed in the role and communication with investors has been poor to say the least, happy to see this move as it indicates the company realises it has been lacking in this area.
No but hes the cfo as well if im not mistaken which i dont understand
Thanks Bubba thats great news, his performance as company secretary has been appalling and it is about time he has been replaced after repeatedley failing to keep investors and the market updated with crucial news reporting.
He clearly hasn't been doing what a good company secretary should and i doubt he had much choice in his resignation (that or be sacked) one things for sure the new appointment has to be an improvement.
Looking forward to more updates and a stream of positive newsflow
Surprised it hasnt
Thanks for posting that Bubba
Shouldn't this sort of thing be subject to an RNS?
Surprised no announcement on lse
the structure is weird its as if there not inclined to report on lse
Looks like Ajit Pratap Singh has left ronald
https://www.bseindia.com/xml-data/corpfiling/AttachHis/f3c6c56e-075a-4c6a-8dd8-c54887cc2c35.pdf
something funny going on
I thought this week would test 10p before the price would start to move back up as Q3 results could land next week or the week after.
Should see an attack on 14p on the build up to results and an updated f/c for f/y24
2 big sales only just showing from Friday
Another shake next week prior to Q3
Be a good chamce to top up or buy if it goes close to 10p
Any news about to drop ?
Should now begin to see a steady uptick to around 15p-16p as we quickly approach the next trading update, then if the results are as positive as expected the shareprice should catapult above 20p
Y/E MARCH 2019 EPS = 4.09P
2020 EPS = 2.6p
2021 EPS = 3.27P
2022 EPS = 2.23p
2023 EPS = 1.8P
Good results considering the impact covid and then Ukraine had on coal prices increasing over 400%.
Now coal prices have dropped back to almost pre-covid levels its fair to expect the EPS to increase considerably 3.5p-5p
Not bad for a share trading at 12p
Looking forward to 3rd quarter results in 4weeks
Should see us approaching 20p
What for ?
Covid and coal wont happen again, onwards and upwards, look to the future, dwelling on the past won't get you anywhere
Look at the 5 year chart
Whys that Bubba ?
Surely everyone who bought at 6p is winning
Rivaldo its the same stuff the company spewed out the past 5 years
Be careful only people who win here is the gupta family
I've bought back in here for the first time in ages recently on the dip, which was a pleasant surprise as I thought the share price would get away from me.
There are many obvious reasons for buying here, including the cash generation, the much reduced price of coal, growing demand for power, the Indian government's push for growth, the low rating etc - and above all the potentially very large share price upside.
Well done on averaging down to 7p Bubba
This was all set to fly 3 years back when momentum took it to 20p a share then covid hit following that coal prices went off the scale when Ukraine was invaded.
So slightly unfair on the management to call them liars
They have done a tremendous job under those unprecedented circumstances and had it not been for the above i have no doubt this would already be trading close to £1 per share.
Unfortunately things did happen and it has slowed progress, but now the business is clearly back on track with turnover and profit set to exceed pre-covid levels.
The only issue i would have if any with the management is they don't do enough to promote and sell the company to investors you could say they are to honest (surely not a bad thing).