Have been researching OPG of late and looking for a good entry point, really don't see this dropping much further but feel if it closes below 60 we may see a drop to 55 area... anyone any thoughts on when best to buy in?
Looks like a well managed company and all the recent reports point to further growth and increased profits for 2016-2017 and onwards.
Lastly, can anyone provide any further info on which institution is selling currently? any views on when this may end? seems to be holding down the share price.
India-focused power generator OPG Power Ventures (OPG) and construction equipment manufacturer Somero Enterprises (SOM) Inc have both returned to the shortlist for the international company of the year. They are joined by bananas importer Fyffes (FFY) and investment company Burford Capital (BUR).
I find it odd an institution would be reducing now as well, as I see it, the Fundamentals are looking really good here, increase in revenue, increase in profits, possible power station acquisitions on the horizon, which I happen to think is a good opportunity for OPG. I firmly believe this company has a chance of becoming a large player in the Indian power market. All the research I've done on this company leads me to believe it's run professionally
Let's hope we get rid of the seller sooner rather than later although I do wonder why an institution would be bailing out now with the recent god news and clarification about various issues (e.g. policy on renewables, focus on reducing debt, dividend policy etc).
I am adding a few at these levels but then WTFDIK, DYOR and all that.....
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