The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Https://www.google.com/amp/s/www.thehindubusinessline.com/markets/indian-energy-exchange-prices-surge-68-y-o-y-in-october/article67503543.ece/amp/
ALL BODES NICELY FOR A GREAT RUN UPTO FULL YEAR RESULTS, WHERE PROFITS AFTER TAX SHOULD BE 12-15MILLION
YOU WOULD ASSUME THEY WOULD WANT TO CARRY OUT ANY BUYBACK PRIOR TO MUCH POSITIVE NEWS WHILE THE SHAREPRICE IS SO UNDERVALUED.
The interims are due anytime now and they should mention the buyback situation then.
2 big buys on Friday with somebody buying £20k's worth then reloading online and getting another decent lot seconds later.
When would the company have to announce they had been buying back shares.
Nobody knows better than the Guptas how undervalued OPG currently is, buying back now would be a great move, even better if they had already started buying back.
They could commit £12million to a buyback if the shares where available from any ii like MG although they may already have sold up.
Why do you analyse micro prices of this share daily ?
and constantly bemoan other stock valuations
So what are you a trader or investor ? You post like a trader
Why do you analyse micro prices of this share daily ?
and constantly bemoan other stock valuations
So what are you a trader or investor ? You post like a trader
Davey
If you are a medium to long term investor
Why do you analyse micro prices of this share daily ?
and constantly bemoan other stock valuations
So what are you a trader or investor ? You post like a trader
And yet even with a resolution passed for the company to buy stock people are still selling.
Hopefully this is overall market conditions, most stocks not moving or flying are seeing constant selling, how many stocks have I seen selling none stop then they spike 50-100% then everybody is trying to buy in. Opg might not be the most exciting stock out there but it's certainly one of the cheapest, perhaps the interims will wake this stock up again and get us into the 20's
Davey
I can still buy 40k online at 12.9p
With the profits they are back making won't be long before this hits 20p+
A year from now and i see this trading at 30p-40p a share.
Yeah historically they've issued their half year report 1st week of December so hopefully will land next week. We certainly need a positive RNS to help to push the SP back up towards 20p.
When RNS lands it will confirm things are finally back on track with last quarter profits of £3,000,000 and improving.
Equates to a P/E ratio of 4 and also shows how undervalued OPG is.
I expect when the RNS lands the forward outlook going into 2024 for 24/25 will be very very positive with a mention of dividends
All sells mainly today
CREEPING UP AS WE GET CLOSER TO A VERY POSITIVE RNS RELEASE GIVING UPGRADED F/Y FORECAST.
EXPECTED TO LAND NEXT WEEK
See Wins switch to bid on just a 10k buy
12.385p bid online which is big for OPG and 12.9p offer so any support it moves, I used L2 but I know online limits gives the real picture L2 is just mm games
And L2 weakened as well
I saw the large sell come in after my comment
So I agree 250k looks like a buy filled by the 2 large sells
Either way we had a buyer and a seller of size
The reason it's 100% buy is the mm with a buy order cannot lose, they sit there and any stock they get they offload to their buyer for a profit.
A mm gambling buying 250k at mid price is not certain to sell them on dropping to 13p offer so that is a risk hence the trade is from Cenkos buyer.
Singer paying 12.5p mid price for 250k lol good one, they are a jobber !
The 250k was a buy worked from Cenkos upping the bid to 12p this morning , taking a big sale and giving mid price to their buyer which is nice to see.
This has been manipulated on L2 since it returned from suspension, been plenty of buying but they have still managed to get price down. Anyway results soon, hopefully the market sees the value potential here.
So SING falls on the bid at 15:43
That 250k must be a sell then
L2 weaker after that trade
For me this is the most manipulated stock that I hold, they are gradually working the price down yet they never seem to end up with more stock. Today Wins tried it on and once again a few nibbles and they quickly run for cover. But this has been drifting from 13.5p bid to 11.5p yet I'd guess buys more than match the sales over the period. I still do not understand why people are selling when we have all that cash, making great profits and now they are proposing a share buy back so if you are unaware log in or call your broker and vote for it although I guess if the major shareholders Guptas are behind this it will be a done deal as they hold more than half the shares.
Another bullish signal, now by the largest credit rating agency in India (and rating OPG's debt).
Crisil Ratings Team Leader Mithun Vyas said, "Overall, we expect coal-based power plants rated by us to witness over 20 percent on-year rise in cash flow from operations (CFO) this fiscal year"
Very positive interims and last quarter should jump when the RNS lands
Certainly weird and certainly nice. I think there's a "weird" avoidance now of all stocks making a profit or at least by 99% of today's players, they just want a fast buck buying the daily spiker which tends to be a heavily loss making in trouble rubbish penny stock. I guess value outs in the end here
I wonder why their Nomad lets them get away with this, surely the Private Ltd Co release constitutes inside information as defined in AIM rules. Weird.