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Should turn over 140-150million
And showing around 10% profit so full year estimate around 15m aound 30% of the current M/C.
Way undervalued !!
Results look decent. Already higher profit in half year than the full year ending March 2023 (at the OPG Generation in India level). This is the main comment:
During the half year ended September 30 2023, reduction in coal prices helped the Company in continued generation and supply under STOA & IEX to other states like Uttarkhand, Gujarat, Uttar Pradesh and Andhra Pradesh. TANGEDCO approved variable charges under LTOA helped in better revenue and margins. Reduced coal prices have also helped in reducing the cost of generation and supply.
Tim000,
please interpret as you so eloquently do ..top 4 announcements made today
https://www.bseindia.com/stock-share-price/opg-power-generation-pvt-ltd/1075opgpl26/975032/corp-announcements/
All good things Davey won't be much longer before this breaks into twenty's
Problem with this market is 99.9% of people are too busy looking for instant profits trading, chasing up absolute tosh stocks. Take GST for £25 mil you get £2 mil turnover, similar losses and around £3 mil cash left, heaven forbid people buying a stock like OPG worth double with £20 mil of net cash, generating loads every month and about to return back to the glory days next accounts of massive profits with the coal prices almost back where they were before the Ukraine Russia war started. For some reason people shun superb value now...I've been adding daily
Should re-rate on the back of the interims in about 3weeks time.
The institutional seller has been what has been holding OPG back. Assuming they are now cleared this should start to fly. Its a shame the investor presentation was cancelled yesterday.
But maybe best to delay it and arrange to do it after issuing a set of fantastic interim results to wet the appetite of any new investors.
The management have proven themselves navigating the last 2years and still turning profits, the good times are back and we will see continued growth over the coming months and return of dividends.
Given the increase demand for Power in India, and clear guidance across all areas for local councils to run all plants at 100% lately, as well as the commitment to build new coal power stations in the short term, various companies listed in the BSE have had a re-rating.
The most relevant comps to OPG are Gujarat Power Industries (+55% in last 6 months) , CESC (+30% in last 6 months), NTPC (+35% in last 6 months), NLC (+78% in last 6 months), Reliance (+77% in last 6 months), Jaiprakash (+147% in last 6 months), Rattan India (+156% in last 6 months). OPG is up 50% as well but on an EV/EBITDA metric lags way behind its peer group. There's quite a bit more to run on this one I think.
Jaiprakash Power Ventures biggest riser on Indian market up 42% over past 7 days read across for OPG
Dave
Can you stop comparing other stocks all the time .
It is becoming annoying how often you repeat it .
We know your average is much higher , so are desperate to get your money back and get out
Crazy this reaction or lack of reaction, it's being totally manipulated as normal. Some other stocks flying have terrible fundamentals next to this one. Anyway interims will indeed see the price fly, can anybody hold 4-6 weeks for them these days I certainly can
Yes they've historically released their half year report in early December so looking forward to that.
Interims due in a few weeks will show increased profits and really catapult the shareprice to 20p+
Also expecting a return to dividends for 2024
Pleased with £7.3M NP and EPS of 1.8p.
Significantly higher than the forecast of £2.1M NP and ESP 0.5p published on Stocko
And the future is looking very bright indeed.
First 6months showed a loss
Final 6months to april 23 have generated over 10m in profit
PLF has increased since april and coal price has continued to fall, looking forward to the interim results should be well on track for 30m profit for y/e24
Should be an interesting day as most of the shares are tightly held so should rerate quickly.
Yes would be lucky
I expect results followed by a very positive trading update
Will have to be quick monday morning as could be mad rush to get in
Phew!
Monday it is
Will be an nteresting day
Hmmmmmm.
Disappointing that they don't appear to have met their deadline nor put anything out to explain why not. All we can hope is that the deadline has been met (or about to be met) and an RNS will follow some time this week. If no news this week then I fear the worst........
Good luck all......
No Bse filing so dont see it being lifted not sure where ronald gets his info from
If they miss it by more than a few days I guess Cavendish will be pretty pi***d
I kind of thought that i.e. it was mentioned in the original message about suspension.
I haven't seen anything in the meantime to suggest they are going to meet the deadline of the end of the month. Failure to meet that deadline is going to kill this sp.
Just have to hope they are as good as their word. Fingers crossed for little red RNS dot tomorrow morning, other wise.........
In the Sept trading update they said audit would be complete and accounts published by end of Oct Therefore tomorrow. If not tomorrow then this is likely to take a hit.
Hey Ronald.....where have you seen the news that the suspension will be lifted tomorrow?