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Its inevitable that this will hit 30p+ its just a matter of when
The next next quarter and then full year results in April will determine how quick it happens
This stock is a good example of how manipulation works, mm's can spike stocks 100% if they want too, here in OPG it's being pushed lower and lower yet every day the selling is easily matched with buying. 100k buy 11.21p no mm moves but a 95k sale and bang Wins drop instantly. Yesterday was the same, lots of sales but plenty of buys to match it.
Agree Davey this week and next to shake rid of the weak holders then we should build some nice momentum as we run upto 3rd quarter results.
Great to see Cavendish increase their target price from 19p to 27p on the back of the 1st six months, highly likely this will increase again when the next quarter is released end Jan/early feb, hopefully inline with my expectation of 36p
Davey
We know you are frustrated but why do you repeat the same information everyday
Bubba might actually have a point .Yet no/one has challenged his analysis to say it is wrong
I'm taking advantage of the seller/s to add around 11.2p levels this week and a few others have been too. Maybe I should sell them all and buy Chill. £15 mil market cap see their interims today, turnover £83k gross profit £1000..stacks of convertable loans and it rises 12% the market is so backwards it's staggering, just keep making profits opg and generate all that lovely cash value will out in the end
Yes brilliant Bubba well done you nailed it lol
Bubba
Looks like you nailed it with that analysis
On the back of the last quarter and current record PLF we should see a steady uptick is shareprice over the next 4-5 weeks when 3rd quarter results will be announced then BOOM
Willing to help.
I’m looking for uk help and guidance after my dad passed and has many shares I’m clueless ;(
Sounds like you sold to many to soon bubba at a guess just before the shareprice double possibly lost your nerve just before the temp suspension and it still stings.
They never said there would be buybacks in 2027 or 2029 no actual dates mentioned.
They have a net cash position as of Sept23 of 14.5million that will surely improve reason being in Oct they are operating at a record PLF.
(again not sure what you say you was watching but i never heard them mention being in a net debt position).
Last 3-4years have been unprecedented with covid and then Ukraine and lots of energy companies have dissapeared and some have weathered the storm like OPG (thanks to excellent management) and bounced back to post record profits.
Watch this space full year 2024 not far away
With a bit of luck you won't have sold all your holding at 6.5p
they dont have any free cash its tied up in paying for coal its on the presentation
buybacks are not coming till 2027 or 2029 when they refinance the debt again
they promised to be debt free last year 5 years ago but still have debt
i just wish you wouldnt constantly ramp the stock, talking *******s about 25 30 million net cash postition when they even they said they would have a net debt position on the presentation
I listened, didn't realise there was anything to watch
Debt free 2027 is what they said
Sat on 14.5million cash and operating at a record PLF so end of Q3 will have more cash than debt.
They never said they had no intention of paying dividends not sure what you was listening to bubba but as cash continues to accumulate they will either pay dividends, buy back shares, or invest & expand.
Yes somehow they are looking to use bamboo as its expected to be more profitable.
Ronald you love ramping this company you clearly didn't watch the presentation
Debt free in 2029
No spare cash on the balance sheet cos of debt and accounts payable
They lied about selling the solar assets no one wants it
Somehow gonna use bamboo
They have no intention of selling and no buyout offers
Share buybacks and dividend not coming
Good point to make is with the Guptas holding 51% they won't let this go for less than true value so wouldn't surprise me if 132million was turned down.
They know they have 32-35 years of what is essentially a debt free(3years) cash machine.
They were allegedly approached regarding a buyout during COVID-19 (August 2020) by Adani. Rumoured price was 1,000 - 1,200 Crore which converts to roughly £110m to £132m. Obviously Balance Sheet has improved materially since then as well
Exactly and why i am surprised they haven't been approached regards a buyout/takeover.
I don't think a buyout is something the Guptas would consider knowing they will be debt free in 2-3years with a £200+million asset generating annual profits of around 20-30million for the next 35years in a rapidly growing economy
Has to be one the safest and best plays out there.
Has to be
I agree the NAV figure looks to be on the low side at 50% of the new build cost when it still has a 35 year life expectancy. They do still have to spend a fair bit to clean up their emission as I recall but the deadline for that was extended due to the effects of Covid. I've not heard any news on that of late. Needless to say £50m Mcap for a 500mw plant (coal + solar) with 35 year life expectancy is comical! Surely nobody but the Indian state is going to build new power stations @ £820K/MWH when you can buy shares in OPG for £100K/MWH
Q3 Expectations
Net cash position 20-23million due to record PLF
35years remaining plant life
Plant value based on government replacement costs 245million (book value is low by comparison)
Share price who knows but with such a strong balance sheet and cash position m/c should easily be a minimum of 3x todays m/c if not 4x.
Great opportunity to top up with Q3 results on the horizon
Should make for a very good 3rd quarter
Looking forward to the trading update in January, it will confirm how well they are doing. Anyone selling now will look back in 5 weeks and kick themselves.
Think I heard them say the October PLF was 91%(?) the highest ever in OPG's history.
So a new power station costs £350m
Book value £171m
OPG Mcap £54m
India's power demand will increase year on year. With such high capex to build new power stations and I would guess interest rates for this kind of debt at about 10% I really cannot see a rush by other providers to bring new power projects online, given the miniscule or negative profits after accounting for capex/debt repayments. Maybe the Indian govt will intervene to build more state operated power stations or maybe they'll allow higher tariffs to encourage the development of more privately run projects.
Either way OPG is in a great place with minimal debt and a long life asset. PLF will surely need to increase year on year to help meet demand. India's domestic coal production is increasing so coal price will come down. Surely this share should be in the 20's by now.
Strange shareprice reaction following the investor presentation, maybe because of the vague answer regarding dividends,
however they did refer to the strong cash position indicating it shouldn't be to long before shareholders are rewarded.
I'm saying the opposite. Not worried at all....
35 years plant life left so wouldn't worry to much
If the replacement cost is £350million for a 50year plant with 35years left to run OPG's plant should have a value of approximately £245million reflects how undervalued OPG currently is