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Sadly this whole game seems to be action for one day on good=great news then the stocks go dead. Obviously it does not help there is always 250,000 on the offer online all the time. I agree it's annoying you can have such large buys that does nothing to the price but more importantly never a holding Rns never a indication of where the stock is coming from.
Another false finish 24p worth of shares @12p to mask the large background seller.
With no RNS i am now starting to have doubts
Could be the Guptas trying to make a discreet exit something is amiss
Another 6 weeks until the next trading update
Don't envisage alot in the meantime
No follow thru today
I expect as soon as they announce a trading update for Q1 they will increase their target price to around 35p
A strong start to yesterdays trading with a 15% jump shame it didn't hold onto all those gains, hopefully see a similar start today
Agreed - I suspect Cavendish will wait until (1) the finals are announced, or (2) when they eventually release a note with forecasts for the current year to March '25, which aren't out yet, and will then raise their target price from 27p.
Loads of 1 share Buys going through. Must be code for Buy, Buy, Buy!
Thanks Rivaldo Cavendish being very shy again with the revised 27p based on 2.5x earnings
most companies would be looking at least 5x earnings so a target price of 55p-65p should be expected
Cavendish have a 27p target price - over 100% upside from here. They've today raised their revenue forecast to March'24 by 22% to £162m, and their EBITDA by 34% to £16.0m.
They conclude:
"We estimate that the replacement cost of OPG’s Chennai plants would be around £325m based on the projections by the Indian government for additional capacity to be installed in India by 2030. Meanwhile, on the operating cost side, we note that coal prices remain significantly lower than their levels from FY22 and FY23, with further supply expected to come online during the next two years. With favourable trends on both electricity demand and costs, we believe that OPG is well positioned to return to annual EBITDA of £3040m in the medium-term, a level which was achieved in each of FY19, FY20 and FY21.
- Investment conclusion:
Based on medium-term prospective EBITDA of £30-40m, the current valuation represents a multiple of 1.4-1.8x. The company also benefits from a low degree of balance sheet leverage relative to other electricity utilities in India, as well as an asset base which positions OPG at the lower end of the cost curve for Indian electricity producers. We reiterate a target price of 27p, which would represent a 2.5-3.3x EBITDA multiple based on our mediumterm estimate range of £30-40m EBITDA."
4 v 1 L2 at 11-11.5p
Bidding 11.222p, offering 11.48p but can still buy size, I'm hopeful the price will start to recover this afternoon. Just staggering it's this low after that update
Why would you be surprised Bubba they have made just shy of £13million profit in the last six months, on that performance it is expected this trading year they will hit double that in profit dividends will definately land this year, it will all be announced in the next few months.
What was said Dec presentation
No dividends or buybacks anytime soon
Focus is on repaying debt that will take upto 5 years
Current Net cash is being used to pay for coal liabilities
If there is a dividend which I'd be surprised if there was one, it will likely be a scrip dividend to give the gupta family more shares and it let's them keep a monopoly
Somebody paying 12.8p for 200k then somebody selling 251k at 11.08p...only winners are the market makers
351k sale 11.08p what a lovely gift for the mm who took that, probably explains the weakness !
I'm trying to think what would have happened with this overhang 15-20p range today would have been my guess. Never a holding RNS to account for this, mind you the volume is only 2.7 million, not a lot really.
Hardly any debt left Bubba
Profit for coming year will hit between £24million-£30million based on the trading shown in the last 2 quarters a clear indication that profits have finally returned to pre-covid levels, you can expect to see an interim dividend announcement aug/sept.
Great results but the problem still remains the company is being run for itself and the gupta family no dividends no buybacks and still costly debt at 10.5%
OTB H1 results adjusted EBITDA £8 mil...market cap £250 million lol
Big question is who is the seller, I thought there was no institutions left to sell out ?
Our regular £10k buyer has just turned up and took 2 more just now
Crazy how cheap it is Rivaldo with returns to shareholders on the horizon.
Keep hold Davey brokers want your shares won't be long before OPG are paying divi's and buyers at todays price will be netting a 20%-25% return per annum
I've bought some more on this dip - looks like the price is turning back up. Hopefully the seller is finally out.
OPG looks extremely cheap now imho.
This day trading culture has totally destroyed this game. I should be loaded this week on what my stocks have said. First TRAC massive deal yesterday hardly moved and so far OPG 11p bid what the feck is that 11p..we risk holding it all this time for a update which is brilliant and we are 0.5p up come...early days though I think some size buyers will take out this overhang later
No helping some people Davey
I said they'd hit £16million profit in October when the broker update forecast was £12million.
Crazy that a £40million m/c company is making £16million a year in profit.
Nice update
Same seller about , it gapped up in the morning , these do annoy me as usually need to be filled but not always