So we are fully up and running at 750mw!! Well done to the OPG team. Trading update at end of Feb. I am sure we all expect nothing other than a string performance? Could be ideal time to announce div or new project?
Likewise, I am surprised and disappointed in the sp. My view was with with the recent 120% increase in capacity, plus another 25% this month, and India's need for power, along with a promise of a dividend, we would be trading above the £ by now. I noticed in the half yearly report on Dec 1st, there was a mention of the next phase of expansion :-
In June 2015, we outlined to shareholders a long term goal of replicating the power generation mix of the nation as the direction of our growth strategy. Consistent with this direction-setting, we've recently signed two separate non-binding Memoranda of Understanding (MoUs) to develop 1,500 MW of renewable projects along-with two specific high efficiency thermal projects with an aggregate capacity of 2,700 MW. Does anyone know how will this be financed? Maybe this is dragging on the share price?
We have been on a downward trend since the middle of last year whilst projects have come on stream, risk has reduced, and revenues/profit increased. Doesn't make any sense and once more people cotton on to the potential here the trend will reverse and we should break back through £1 easily in my view. Just a matter of time. I would be topping up at these prices if I had any spare cash.
Perhaps there are a few waiting in the wings for the last 150mw to come online. This is scheduled for Jan but there are typically slips in deadlines when try need to wait for the govt to fulfil certain infrastructure/connectivity. If I remember correctly when they announce that the dividend policy will be announced. That I hope will see more serious long termers invest here.
And still the sp is going down.This share's performance has been very disappointing even before the recent market falls.It made some gains when the recent positive trading update came out and then gave them all up.
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