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If i was the Guptas and all the institutions had sold me out because of some silly policy i would not be rushing to publish positive information especially if i was in it for the long term as they clearly are.
I personally think any offer to buyout would have to be north of 50p minimum.
Makes you wonder eh. 100k buyer 4 times and they paid 11.24p for last one yet a mm has just dropped to 11p. It's almost full offer online but you can still pick up 150k online at 10.999p
Yeah I think a bid will come out of the blue and they might initially refuse it. Unless they use the cash resources to do buybacks it feels like it will never trade at fair value. If Cenkos said 27p and OPG are going to smash their forecast then what do they say next 30-35p and people are selling below 11p still, somebody else has seen the value though 2 x 100k delayed buys. Value always outs in the end
The fund managers policies are certainly causing a huge hangover here but ultimately there policy is there loss and true value here will be realised soon, the 30p sounds attractive now but the Guptas holding half the company know better than anyone the true value here is far higher good thing is the major holder M&G are gone it may need the company to announce a shareback at such discounted rates to kick this on.
Think I've finally understood why the lack of move up on OPG despite the positive results and all the Coal stocks in India booming for a good few months now.
We obviously had M&G Investment divesting of 47,699,617 shares (~12% stake) last year because they no longer invest in coal related stocks as part of their Investment Policy. Of those, 40,000,000 found their way to Prana and Talisman GP (still unsure who is behind these entities). The remaining 8,000,000 shares were absorbed by us/retailers in the market.
The 4th largest shareholder is Pension Services Limited (13,177,222 or ~3.3% stake). Per companies house this was the Investment Manager of the British Steel Pension Scheme with the relationship terminated last year and the Pension Services Limited company formally dissolved in September 2023. Legal & General were appointed the new investment manager of British Steel Pension Scheme in September 2022 which means they are most likely in charge of the equities side including the legacy investment in OPG. In June 2022, Legal & General made a commitment to not invest in coal related stocks so OPG doesn’t meet that. Which means they are more likely in the process of selling / or have sold the ~3.3% stake.
Close Brothers Asset Management (6,921,819 or 1.7% stake) also have a coal exclusion policy and have been trimming their OPG exposure recently. They also seem to have a lot of internal problems (refer Close Brothers Group share price) so again wouldn’t surprise me if they are in the middle of liquidating the full position.
Time for the Guptas to sell this in its entirety and we would all be very happy with Adani last time in 2020 offering a rumoured ~£120m for OPG or 30p per share.
EPS exceeding share price can only be a good thing with coal price forcasts anticipating a further 25-30% drop in coal prices during 2024
With OPG's increased PLF it will add further profit to the £6.4million made over the last 6months.
If I read it right , Isn’t the EPS increase a good guide to improved performance
Adding £3milliom profit per quarter ensures the cash position quickly goes from strength to strength especially with coal prices on the way down again.
Have you worked out what the net cash position is Ronald. I'm finding it difficult to understand but then I'm no accountant and it is in "rs in cr" (A crore denotes ten million and is equal to 100 lakh)...they cannot make it too easy for us can they. Profit wise just brilliant and OPG as always remains amazing value
Broker Forcast for y/e 2024 already achieved after just 9months
Should see them raise their target shareprice again from what i said at the time was a very conservative 19p that was soon changed to 27p, now expecting to see another upgrade to around 35p
Also good to see such high demand/plf with the price of coal has starting to fall again, should ensure a solid finish to the year and add to a very profitable last 6months
Great results
Just over six million profit over the last six months and improving, not bad for a company with a m/c of 40million.
Results are out in BSE...some more profits to show for the quarter as expected. Slightly higher profits than prior quarter driven by a monster PLF.
Hopefully considering if there will be a dividend from all the profits made over the last 6months
They usually release them same day
Still no update
Bubba
Filing said “ to CONSIDER financial statements for the period ended December 2023.” not release of results
Well I was going to take the day off after the initial morning rush but stayed online all day to see if they would sneak out those results and give us all a edge. I hold loads anyway so if it does shoot up win win but those who sold out and were deramping are laughing because they are getting a free look so to speak
Thanks, Hazbeen
Https://www.bseindia.com/stock-share-price/opg-power-generation-pvt-ltd/1075opgpl26/975032/corp-announcements/
Nothing yet but just filing said this
OPG POWER GENERATION PRIVATE LIMITED has informed BSE about Board Meeting to be held on 14 Feb 2024 to consider financial statements for the period ended December 2023. Financial results.
Bubba - have Q3 results been released somewhere, as you predicted? If so, could you point me in the direction of where to find them, please? Thanks. (Sorry - this posting may come across as being sarcastic....it's not meant to be....I'm genuinely hoping the Q3 results are out somewhere)
It's me, Davey......I'm launching a takeover by buying single shares for the foreseeable future. It means I'm doing it without affecting the sp although I suspect it'll take me well past the end of my lifetime before I get anywhere near completing it....meanwhile the transaction costs are killing me!!
PS the above is a poor attempt at satire and not to be taken seriously.
All these 1 trades loads of them bit of a mystery ?
Thanks Bubba
Should give this the kick it needs
Results out 14th but only on bse
I think they have only ever missed 1year