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Looking forward to 3rd quarter results in 4weeks
Should see us approaching 20p
What for ?
Covid and coal wont happen again, onwards and upwards, look to the future, dwelling on the past won't get you anywhere
Look at the 5 year chart
Whys that Bubba ?
Surely everyone who bought at 6p is winning
Rivaldo its the same stuff the company spewed out the past 5 years
Be careful only people who win here is the gupta family
I've bought back in here for the first time in ages recently on the dip, which was a pleasant surprise as I thought the share price would get away from me.
There are many obvious reasons for buying here, including the cash generation, the much reduced price of coal, growing demand for power, the Indian government's push for growth, the low rating etc - and above all the potentially very large share price upside.
Well done on averaging down to 7p Bubba
This was all set to fly 3 years back when momentum took it to 20p a share then covid hit following that coal prices went off the scale when Ukraine was invaded.
So slightly unfair on the management to call them liars
They have done a tremendous job under those unprecedented circumstances and had it not been for the above i have no doubt this would already be trading close to £1 per share.
Unfortunately things did happen and it has slowed progress, but now the business is clearly back on track with turnover and profit set to exceed pre-covid levels.
The only issue i would have if any with the management is they don't do enough to promote and sell the company to investors you could say they are to honest (surely not a bad thing).
There is no free cash in the company they need the money for debt and coal payments
Was sick of been lied to by this company ie solar assets debt repayments and shareholder value
my average was 7p i sold out at 11p im happy with profits
Bamboo was the nail in the coffin for a lot of LTH from what i heard
Needs to delist imo or relist in india
Its inevitable that this will hit 30p+ its just a matter of when
The next next quarter and then full year results in April will determine how quick it happens
This stock is a good example of how manipulation works, mm's can spike stocks 100% if they want too, here in OPG it's being pushed lower and lower yet every day the selling is easily matched with buying. 100k buy 11.21p no mm moves but a 95k sale and bang Wins drop instantly. Yesterday was the same, lots of sales but plenty of buys to match it.
Agree Davey this week and next to shake rid of the weak holders then we should build some nice momentum as we run upto 3rd quarter results.
Great to see Cavendish increase their target price from 19p to 27p on the back of the 1st six months, highly likely this will increase again when the next quarter is released end Jan/early feb, hopefully inline with my expectation of 36p
Davey
We know you are frustrated but why do you repeat the same information everyday
Bubba might actually have a point .Yet no/one has challenged his analysis to say it is wrong
I'm taking advantage of the seller/s to add around 11.2p levels this week and a few others have been too. Maybe I should sell them all and buy Chill. £15 mil market cap see their interims today, turnover £83k gross profit £1000..stacks of convertable loans and it rises 12% the market is so backwards it's staggering, just keep making profits opg and generate all that lovely cash value will out in the end
Yes brilliant Bubba well done you nailed it lol
Bubba
Looks like you nailed it with that analysis
On the back of the last quarter and current record PLF we should see a steady uptick is shareprice over the next 4-5 weeks when 3rd quarter results will be announced then BOOM
Willing to help.
I’m looking for uk help and guidance after my dad passed and has many shares I’m clueless ;(
Sounds like you sold to many to soon bubba at a guess just before the shareprice double possibly lost your nerve just before the temp suspension and it still stings.
They never said there would be buybacks in 2027 or 2029 no actual dates mentioned.
They have a net cash position as of Sept23 of 14.5million that will surely improve reason being in Oct they are operating at a record PLF.
(again not sure what you say you was watching but i never heard them mention being in a net debt position).
Last 3-4years have been unprecedented with covid and then Ukraine and lots of energy companies have dissapeared and some have weathered the storm like OPG (thanks to excellent management) and bounced back to post record profits.
Watch this space full year 2024 not far away
With a bit of luck you won't have sold all your holding at 6.5p
they dont have any free cash its tied up in paying for coal its on the presentation
buybacks are not coming till 2027 or 2029 when they refinance the debt again
they promised to be debt free last year 5 years ago but still have debt
i just wish you wouldnt constantly ramp the stock, talking *******s about 25 30 million net cash postition when they even they said they would have a net debt position on the presentation
I listened, didn't realise there was anything to watch
Debt free 2027 is what they said
Sat on 14.5million cash and operating at a record PLF so end of Q3 will have more cash than debt.
They never said they had no intention of paying dividends not sure what you was listening to bubba but as cash continues to accumulate they will either pay dividends, buy back shares, or invest & expand.
Yes somehow they are looking to use bamboo as its expected to be more profitable.
Ronald you love ramping this company you clearly didn't watch the presentation
Debt free in 2029
No spare cash on the balance sheet cos of debt and accounts payable
They lied about selling the solar assets no one wants it
Somehow gonna use bamboo
They have no intention of selling and no buyout offers
Share buybacks and dividend not coming
Good point to make is with the Guptas holding 51% they won't let this go for less than true value so wouldn't surprise me if 132million was turned down.
They know they have 32-35 years of what is essentially a debt free(3years) cash machine.
They were allegedly approached regarding a buyout during COVID-19 (August 2020) by Adani. Rumoured price was 1,000 - 1,200 Crore which converts to roughly £110m to £132m. Obviously Balance Sheet has improved materially since then as well
Exactly and why i am surprised they haven't been approached regards a buyout/takeover.
I don't think a buyout is something the Guptas would consider knowing they will be debt free in 2-3years with a £200+million asset generating annual profits of around 20-30million for the next 35years in a rapidly growing economy
Has to be one the safest and best plays out there.
Has to be