We are all only ever part way through a long and painful learning curve!
I am keen on the plan to match the national generation blend. OPG will tend to remain competitive wherever the coal price goes. I was impressed with a previous Paliwal interview. Longer term holders have a point about timescales but I am reminded of the fitter I know who took his own extending ladder in his suitcase because, well you can imagine.
Sorry for the delay in responding but I have given up looking too frequently at the share chats as so many are full of drivel or people just having a chat. Thankfully this one is as yet left alone by the usual verbose tribe although if it starts to rise no doubt they will be here.
Any I am going to disappoint you if you are expecting words of wisdom based on deep knowledge of the firm -- my view is based on nearly all of my shares which according to so called experts should by now have made me rich instead they all fell through the floor as soon as I invested. This is aim and every share just seems to rise occasionally but falls easily without often any obvious reason. The main doubt in my mind is that this is in India and is a family firm and I would have expected much more confidence in the firm by large investors based on what seems to be a solid enterprise. if there are no mayor political upheavals then I still think that this should come good and your suggested price of 1.50 should be achievable but when - who knows?
I am trying desperately to control myself to invest when shares are depressed rather than in the past getting carried along with the rampers.
For all those looking at OPG, you may also want to consider KSK Power, which is also in the same field and market.. Would add caution that they have high debts and will need considerable CAPEX, however recent trading statement was positive, and generate more electricity than OPG.. Have a few put away at 65p - not trying to ramp the price, merely pointing out the risk / rewards may be exceptional. Few years ago, the share price of KSK was c£7.00
Let's hope so. It has been a long wait and I have been topping up around these levels. I still don't get why this isn't doing better but think it must be down to lack of coverage, quite frankly.
I do understand there may be concerns about debt - but that's being paid down - concerns about use of coal - but that has been recognised and renewables being investigated as next stage of development - and lack of dividend - and that has also been covered in the recent RNS so we can expect a first divi this (calendar) year.
So, whilst there are concerns these, in my opinion have all been acknowledged and addressed by the company and the figures, generally, are good.
It is a good slick interview and, if you know how, it would be good to post a link here. We need this kind of thing to raise the profile and encourage more PIs to invest. It is simply buying volume that we need to lift the share price in my view. The fundamentals are all there. Cash being generated, debt being paid down, maiden dividend this year. If this doesn't go up significantly in coming months I will be amazed.
I have difficulty in believing this won't be in the 1.50 region in a couple of years which I consider to be a decent investment in the middle ground between an investment trust and wildcat oils. I derive this from an EPS and p/e 11 to 13 area, coincidently. I have gone on record as having nibbled at 90p (wrong!) and continued to buy to get an average in the 70's.
To the point, could you articulate your doubts about OPG. I want to be comfortable that I haven't missed anything.
Do you believe there will be a better entry price in the short term. That it will struggle to achieve an elevated price over the next, say, couple of years. Or management cock-up between now and then. Etc.
Same applies to anyone else but could we maintain the high posting standards and not just call me a k**b.
On proactive there is a good positive interview with Ajay Paliwal - he confirms the increased output from 270 to 750Mw over the last year and that a dividend is to be paid this year. The company is making money now and that the are seeing the move from Aim to the stock exchange as the logical step. They are also very serious about renewal energy. He has raised my confidence in them but still wary of investing more at the stage.
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