OPG power is full steam ahead, analysts are predicting underlying earnings (EBITDA) of £17.3mln for the year ended March 2013, rising to £27mln 12 months later and operating profit of around £100mln a year by March 2016! OPG is now valued at £200m with the shares up nearly 100% this year, hear more at the below events:
Tuesday the 16th April 2013,The Midland Hotel, Peter Street, Manchester
Wednesday the 17th April 2013,The Shelbourne Hotel, 27 St Stephen's Green, Dublin, 2 Ireland
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.
The directors of Victoria Oil & Gas (AIM: VOG), Fox Marble (AIM: FOX), Fastnet Oil & Gas (AIM: FAST) and OPG Power Ventures (AIM: OPG) will be presenting on Wednesday the 27th March 2013 at the Radisson Blu Edwardian, "Free Trade Hall", Peter Street, Manchester, M2 5GP
The directors of Fox Marble (AIM: FOX), Victoria Oil & Gas (AIM: VOG) and OPG Power Ventures (AIM: OPG) will be presenting on Tuesday the 26th March 2013 at The Shelbourne Hotel, 27 St Stephen's Green, Dublin, 2 Ireland
Good trading update today and the share price continues to improve. This share is well under the radar but far, far better than most Aim shares. All is progressing well with the company and I am holding for 100p.
"Once again management have been able to demonstrate the effectiveness of the business model by successfully adapting to changing circumstances in the industry such as rising input prices and changes in tariff structures.
"The growing power demand in India combined with our roll out and in particular measures now being instituted to improve the financial health of the state utilities makes us confident that OPG will continue to build superior shareholder value."
OPG Power Ventures, the developer and operator of power generation plants in India, saw revenue slip in the six months ended September 30th 2012.
Revenue fell 5.3% to £17.8m from £18.8m year-on-year excluding legacy assets no longer consolidated from November 2011.
The group pointed out that the 17% depreciation in the average Indian rupee/pound sterling exchange rate since the comparable period of the previous year masked an underlying increase in rupee revenues of 11%.
Earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 7.6% to £4.65m while the EBITDA margin stood at 26%, 1% less than the previous year's margin.
Cash and cash equivalents of £22.5m were reported as well as 31% of gearing following project expenditure.
Commenting on the results, Mr M C Gupta, Chairman of OPG Ppwer Ventures said: "The group's flexible business model continues to produce superior returns and OPG's roll out of new plants is on schedule.
The company's just doubled in size. Their doing about £3m rev per month from each plant and 26pc ebitda margin. If that's right then with 2 plants chugging away these boys aremaking nearly £20m cash pa with another plant around the corner. That implies £100m cash pa in about 2 years from now....the Co has a cap of £180m....am I missing something??
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