Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Waiting for Q3 RNS as we get closer to full year results.
Happy to sit and wait for the good news to start landing
We know the last 6months have been great and we are looking in the region of 14-15million profit for y/e 2024.
However y/e2025 will be set to smash 2024 with coal price continuing to fall, Indian economy rapidly growing and energy demands increasing i think that 2024/2025 will see OPG clear 25-28million of profit.
What a surprise no delayed sales to account for all the L2 drops. joke
Funny that they drop bid and offer now but I can sell at mid price and it's full offer to buy 11p...the endless games of OPG mm's, mind you they did get a bit of stock earlier, they have succeeded in boring people into selling. Hard to be patient in this market but it's like selling your £10 notes for under a fiver here maybe a lot less
Back to 1v2 now
Still overhang here .
Sh*t performance here , shows what happens when
Company fails to update market quarterly
Well it's gone 2 bid now at 11p Wins joined Cenkos but it still seems like a endless overhang around 11.11p
Davey add to that the plant value and it proves how insane the 45million M/C is
Interesting Cenkos up pre market to 11p bid, word is out !
Judging by zero replies nobody knows. PR here has never been great but at least they are very good at running their company. It's still bizarre we get to see results before the UK market gets them but yet even when we know they are at least hitting broker targets we are stuck at 11p which is the lower end of trading range since they returned from suspension.
Be interesting to see exactly what net cash position is now if they are generating the usual cash, it could be something silly like 25 million next to a £40-45 mil market cap...maybe not but it has to look good on such a low market cap
I bought some more at just under 11p.
Thanks for the heads up re the encouraging 9 months' results issued in India. I can see that OPG issued a 9 month update on the LSE on 23/2/22, 29/1/21 and on 11/2/20, but not last year - any idea why not, and is one definitely expected for this year?
Just shows this market is backwards now. Even with that info out there people still sell. If they are not flying nobody wants to know. OPG could release this info tomorrow morning and I bet you 15p would be getting paid this week but silence and the fact it does not offer a profitable day trade to the 99% brigade in shares now means for now hardly anybody will touch despite it potentially being the best value stock on the whole exchange.
Good thing is the longer they take to release an RNS the closer they are to releasing full year results and a further increase in profits.
Final quarter is always the most profitable and now only 6weeks to year end.
Crazy to think that the very good Q3 results will have been posted a week ago on BSE and they take so long to issue an RNS, all designed to keep the price down until the II are cleared imo, if that is the case i think its a smart move by the company, especially if they mop a few million up at the current ridiculously undervalued SP.
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Crazy that auction buyer stuck 50k at 11.7p and of course they filled it when there is a seller at 11p and they could have saved £350 by waiting until 8am and paying 11p at the open, good news for that is Cenkos have pushed up the bid and now we are seeing nibbles which is what is needed
Given history they might not tell the market for ages. Trying to remember last year when we had the BSE info before they released the UK rns it was def more than a week, more like 1-2 months, anyway it's been 600k of buys since the info was released and when the seller is out whoosh, I cannot see it any other way.
RNS on Monday then on the back of figures and increased profit, momentum will start to build
The II policies really do present OPG as one hell of a bargain to investors, once the II sellers are cleared because of their green agenda this will triple in price and still appear cheap. With coal forecasted to drop another 20-30% during 2024 and electricty demand in India increasing 10% per annum i think OPG will return to making £25-30million profit over the coming 12months
The most important thing is they will come in above house broker forecast. Sick of stocks making fortunes but because they are below forecasts the shares drift when they are bargain. It's about time this was given a fair rating. A lot of people have no idea that we know the results before they are issued until they read the RNS list every morning at 7am and when finally OPG does tell the UK market that they are a crazy bargain there will be a flood of buyers and hopefully by then no overhang too. Imagine having your money in a fund that is selling this below 11p on this numbers !
Ah yes their FYQ4 is 31 March. I'm confusing FY and calendar year. But the question remains, surely EPS for the period multiplied by shares in issue cannot normally be almost as high as total income?
Q3, we still have Q4 to look forward too, profit in Q4 will be alot higher than the £6.7million made in Q2&Q3.
Trying to fathom out the accounts.
So 1 lakh = 100,000 rupee ~ £1000 and 1 rupee ~ 1p
Q4 23 income was therefore ~ £50m
Q4 23 profit ~£3.3m pre tax, ~£2.7m after tax
Q4 23 EPS ~11 Rupee or ~11p which is the same as SP
Mcap is £44m, ~404m shares @ 11p
So how can Q4 EPS X shares in issue be almost as high as total income from operations?
Another 200k bought at least a few people see the obvious value. Now to try and work out if it really is cash of over £50 mil v debt of £22 mil v 9 months profits of £6.9 mil v market cap of £40-45 mil this weekend
The market sure is bonkers when punters would rather buy other stocks with the same valuation that lose £10 million a year not make it and are running out of cash or burning lots of it.
I dont think the company care about the holding company thought that for a while
I suspect they make there money from the operating company via salaries and other perks
They will never buy back shares living in cuckoo land if you think they are
Bubba what do you make of the results
I guess just divide it all approx by 100
Some people need their heads examined 😂
Https://www.bseindia.com/xml-data/corpfiling/AttachLive/89b1621b-fd33-438a-b7ef-8d05392582e5.pdf
Mad, you get all this info before it's released in the UK and still nobody is interested. Just one trade today and somebody sold, at least we know what is coming. No doubt when they do issue a RNS there will be the usual stampede to get in much higher