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With the profits they are back making won't be long before this hits 20p+
A year from now and i see this trading at 30p-40p a share.
Yeah historically they've issued their half year report 1st week of December so hopefully will land next week. We certainly need a positive RNS to help to push the SP back up towards 20p.
When RNS lands it will confirm things are finally back on track with last quarter profits of £3,000,000 and improving.
Equates to a P/E ratio of 4 and also shows how undervalued OPG is.
I expect when the RNS lands the forward outlook going into 2024 for 24/25 will be very very positive with a mention of dividends
All sells mainly today
CREEPING UP AS WE GET CLOSER TO A VERY POSITIVE RNS RELEASE GIVING UPGRADED F/Y FORECAST.
EXPECTED TO LAND NEXT WEEK
See Wins switch to bid on just a 10k buy
12.385p bid online which is big for OPG and 12.9p offer so any support it moves, I used L2 but I know online limits gives the real picture L2 is just mm games
And L2 weakened as well
I saw the large sell come in after my comment
So I agree 250k looks like a buy filled by the 2 large sells
Either way we had a buyer and a seller of size
The reason it's 100% buy is the mm with a buy order cannot lose, they sit there and any stock they get they offload to their buyer for a profit.
A mm gambling buying 250k at mid price is not certain to sell them on dropping to 13p offer so that is a risk hence the trade is from Cenkos buyer.
Singer paying 12.5p mid price for 250k lol good one, they are a jobber !
The 250k was a buy worked from Cenkos upping the bid to 12p this morning , taking a big sale and giving mid price to their buyer which is nice to see.
This has been manipulated on L2 since it returned from suspension, been plenty of buying but they have still managed to get price down. Anyway results soon, hopefully the market sees the value potential here.
So SING falls on the bid at 15:43
That 250k must be a sell then
L2 weaker after that trade
For me this is the most manipulated stock that I hold, they are gradually working the price down yet they never seem to end up with more stock. Today Wins tried it on and once again a few nibbles and they quickly run for cover. But this has been drifting from 13.5p bid to 11.5p yet I'd guess buys more than match the sales over the period. I still do not understand why people are selling when we have all that cash, making great profits and now they are proposing a share buy back so if you are unaware log in or call your broker and vote for it although I guess if the major shareholders Guptas are behind this it will be a done deal as they hold more than half the shares.
Another bullish signal, now by the largest credit rating agency in India (and rating OPG's debt).
Crisil Ratings Team Leader Mithun Vyas said, "Overall, we expect coal-based power plants rated by us to witness over 20 percent on-year rise in cash flow from operations (CFO) this fiscal year"
Very positive interims and last quarter should jump when the RNS lands
Certainly weird and certainly nice. I think there's a "weird" avoidance now of all stocks making a profit or at least by 99% of today's players, they just want a fast buck buying the daily spiker which tends to be a heavily loss making in trouble rubbish penny stock. I guess value outs in the end here
I wonder why their Nomad lets them get away with this, surely the Private Ltd Co release constitutes inside information as defined in AIM rules. Weird.
It does but it tends to be a few weeks later, so basically everybody gets inside info before the UK markets, you'd be amazed how many people will buy in on the results being released not knowing they have been in public view for weeks in India.
Reacted a little bit but seriously this should be in 20-30 range.
I see the price has now reacted to the Indian announcement but no RNS , does anybody know why it isn't published on the LSE ?
So market cap £50 mil, net cash around £20 mil and growing with strong cash generation.
Last quarter profits of £3 mil, coal prices have dropped almost to pre war levels so the coal they buy is back to normal prices so profits should grow again.
So you could be looking at a return of £10-20 mil profits and net cash of £30 mil next year and people pile into any loss making fugazi that moves daily, this really should be rerating but not exciting enough for the momentum players. I do not know any other stock making this kind of profit in relation to their market cap !
Looks like in the last quarter ending Sep they made over £3 mil net profit so it's clear they are now returning to the good times of high profits and high cash generation. Should smash cenkos stupid forecast which in a way is good because they usually set the bar too high. Market and punters asleep to this news so far
Certainly and always has been a unloved stock. People want instant profits so this tends to be dead 95% of the year and then go nuts on results days and trading updates day when they remind the market just how cheap they are. Did you see that bid today for Hotel Chocolate 375p cash bid when 140p offer. Is it just slightly probable OPG could get a knockout bid
to make the big family holders accept and cash out, they keep telling us they are the best value in the Indian Power sector so when is somebody going to try a cheeky swoop. 40p bid please !
Should turn over 140-150million
And showing around 10% profit so full year estimate around 15m aound 30% of the current M/C.
Way undervalued !!
Results look decent. Already higher profit in half year than the full year ending March 2023 (at the OPG Generation in India level). This is the main comment:
During the half year ended September 30 2023, reduction in coal prices helped the Company in continued generation and supply under STOA & IEX to other states like Uttarkhand, Gujarat, Uttar Pradesh and Andhra Pradesh. TANGEDCO approved variable charges under LTOA helped in better revenue and margins. Reduced coal prices have also helped in reducing the cost of generation and supply.
Tim000,
please interpret as you so eloquently do ..top 4 announcements made today
https://www.bseindia.com/stock-share-price/opg-power-generation-pvt-ltd/1075opgpl26/975032/corp-announcements/