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Agree
Will be better going forward
Just not exciting enough for the market right now it seems
Well they have just refinanced and decreased their debt not paid or off as such
Further , the Company has repaid NCDs totaling Rs. 2 billion in May 2023. The repayment has been financed by a mix of internal accruals and new debt comprising both, term loans and a new tranche of NCDs. This refinancing pares down the debt as well as elongates the tenure to five years thereby providing more flexibility in managing cash flows.
Is that you davey50.....as the old saying goes buy before news and sell on news
Down this morning
Should see a strong finish definately double figures today/this week
Jeez no wonder nobody holds stocks now, what is the point of the risk, you hold and hold and when they issue good news they go down. Better off being a pump and dumper like most on here, they end the weekend holding nothing ever week and have little or no risk
Should see a good jump today with such a positive update/outlook.
12p+
Lets see what tomorrow brings. Even though it's a £30-40 mil stock there really is a limited amount of stock between the mm's. That 158k buy did some real damage online today. The biggest riser today RCGH was valued at £30 mil and jumped to £90 mil+ this morning all because of illiquidity. How much stock here is in major hands now 80% ? maybe 90%
Maybe this is the week when we see a breakout above 10p
Only a matter of time we know its only heading one way
£15k buy they delayed it 2 hours.
Up down up down up down. Coal price continues to drop, massive material difference to OPG market asleep punters asleep, well not all a few have bought in today.
Mm's trying it on 8.69-9.17p although somebody has sold out to help them try and shake it down
Davey50,
I have to agree to disagree there.
You were just being corrected.
He/she was right to expect one sometime soon
Infact you intimidated him/her, as you said he/she had an agenda, then you got a reaction, thats all.
Just thing it is wrong to filter someone for that
Anyway end of discussion
He got that for being abusive/rude
I made the point in the last 5 years two of the trading updates were in June so it's perfectly normal for a trading update to arrive this month and it's not late.
Coal price continues to drop, as always this stock stays off the radar.
Davey50,
I recall when another poster brought this up on A D V F N, were you not insisting there will be no updates as there have been none over last few years around these months.
So he or she was right all along as even you are saying there could be one now. Looks like you just do not like to be told you are wrong.
Poor bugger got filtered as well
What's quite interesting from the accounts is that you can see the cost of material consumed as a ratio of revenue has increased significantly in the last quarter as they've ramped up generation. Typically it's been 75% ish whereas last quarter it's jumped up to 86%. The reason I assume is the higher % of relatively expensive imported coal they've consumed vs cheaper domestic coal of which there is only a limited supply. With imported coal now significantly cheaper than it has been throughout the last quarter I cannot wait to see the results for the the next couple of quarters.
Last quarters jump in profits might be a one off from selling surplus coal on the spike in price from the war so might not be repeated although before the war and on low coal prices OPG used to make £20 mil+ and coal has dropped a lot recently so have to be hopeful, anyway I'll wait for a update now so no more speculation on my behalf.
Anyway I hope that is right, just be nice if they could bring out a update in pounds . Trading updates have been as late as June previous years so there should be one this month.
Bismark, the best way to get a reference is to look at the year end 22 profits then cross reference it with UK profits. Profits were £13 mil PBT in GBP announced here but on that link it shows as (1.738.75) so (788.92) as a ratio for last 3 months trading of 23 year end seems to show they made between £6-7 mil PBT which for 3 months is outstanding. Hence on continued coal price decline since those numbers you have to be hopeful they can return to £20-30 mil EBIT for a full year.
Another one MRK full year PBT of £6.4 mil market cap £99 mil, we made over £7 mil PBT in 3 months just saying
Thanks for posting the link to the accounts. Can someone help me out here as I'm struggling to see the £7m PBT for the last quarter.
The accounts are in Laikhs and I understand one Laikh is 100,000 Rupees or circa £1K
So revenue from operations 43,635 Laikh or about £43m
Profit before exceptional items and tax 788.92 Laikh or about £788K ?
Strong start, it's already NT to buy at 9.5p, perhaps a delayed trade, they are delaying everything over 75k at the moment.
all day every day heavily loss making stocks are pumped on here like they are the bargain of the centuries. there is a certain attraction for some reason to stocks losing money but not making money, probably because the market makers like to push them. i cannot recall the last time i looked at the leaders board and saw the daily top % riser up 50-100% and it was purely because it was making a lot of money unless it had a takeover. it's always some loss making tosh, yesterday was lend they lost £14 million in last accounts yet had done 300% from it's lows in 2 days and here is opg struggling sill under 10p, would help if the company could get their **** into gear and do some uk pr .
Agree Davey OPG is ridiculously undervalued
At current M/C profit for y/e 2024 will far exceed the todays M/C
Expect a massive correction over the coming weeks/months