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Pin to quick picksOpg Power Share News (OPG)

Share Price Information for Opg Power (OPG)

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Share Price: 11.50
Bid: 11.00
Ask: 12.00
Change: -0.50 (-4.17%)
Spread: 1.00 (9.091%)
Open: 11.50
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TRADING UPDATES: IPF swings to profit; Seraphine lowers outlook

Wed, 23rd Feb 2022 19:06

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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International Personal Finance PLC - Leeds, England-based company which offers small, unsecured cash loans - Revenue for 2021 falls to GBP548.7 million from GBP661.3 million in 2020, though firm swings to pretax profit of GBP67.7 million from loss of GBP40.7 million. This is due to impairment charge reducing to GBP56.2 million from GBP250.1 million in 2020. Declares final dividend of 5.8 pence, bringing full-year total to 8.0p versus nothing in 2020. Credit issued amounts to GBP982.1 million in 2021, up from GBP772.2 million in 2020. "Looking ahead, we intend to meet increasing customer demand and accelerate customer receivables growth by further investing in our technology, and product and channel development so consumers can access our credit offerings in a way that suits them, whether that be through our customer representative service or digitally," says Chief Executive Gerard Ryan. Shares end 10% higher in London.

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Seraphine Group PLC - London-based maternity and nursing wear maker and retailer - Expects full-year revenue "marginally" below market forecasts and adjusted earnings before interest, tax, depreciation and amortisation "significantly" below expectations at around GBP4.5 million. Reports strong sales growth in 17 weeks to January 30, up 45% at constant exchange rates with growth in North America at 69%. However, says February to date has been a soft month. March is expected to be better, with the traditionally stronger month expected to see e-commerce demand recover. "Looking to FY23, we expect sales growth of 25-30% and Ebitda margins to start to rebuild," company says. Stock tumbles 67% in London on Wednesday.

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Haydale Graphene Industries PLC - Ammanford, Wales-based graphene technology company - Reports revenue of GBP1.2 million for six months to end of December, dipping from GBP1.3 million a year before. This, combined with increase in administrative expenses and higher cost of sales, results in pretax loss widening to GBP2.5 million from GBP1.9 million. Says revenue in period was impacted by GBP640,000 of accelerated purchases from its largest SIC customer in the prior period. "Our progress on many of the functionalisation based nano projects continues to develop well, and our planned delivery of the new HT1400 will not only give us additional capacity, but will also allow cost-effective material processing on a large scale that is critical for our ongoing commercial development in the major growth side of our business," says Chief Executive Keith Broadbent.

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Netcall PLC - Bedford-based customer engagement software provider - Revenue for six months to December 31 grows 10% to GBP14.7 million from GBP13.4 million. Pretax profit grows to GBP1.1 million from GBP963,000 year-on-year. Reports continued strong trading with main contribution from Cloud services, which sees sales grow 21% to GBP4.9 million. "We are pleased with the strong performance in the first half of the year delivering double digit organic growth and profitability combined with an accelerated growth rate of our annualised contract value, pointing to continued positive momentum," says Chief Executive Henrik Bang. Firm says second half has started well and trading "comfortably in line with expectations".

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CAP-XX Ltd - New South Wales, Australia-headquartered manufacturer of ultra-thin prismatic and cylindrical supercapacitors - Revenue from sale of goods and services for half-year to December 31 rises to AUD2.4 million - around GBP1.3 million - from AUD2.1 million. However, pretax loss widens to AUD1.7 million from AUD1.2 million as general & administrative expenses grow to AUD1.5 million from AUD944,949. Says half-year characterised by "continued strong sales demand", and notes order book at the end of December was more than 40% higher than at the same time last year. "We expect to be Ebitda positive in the next financial year and turn cashflow positive during the second half of the same financial year. Further, as the sales pipeline is currently in excess of USD50 million, there is also the possibility of bringing these milestones forward should we secure large orders," company says. Separately on Wednesday says it has signed a sourcing agreement with Continental Automotive GmbH to provide CAP-XX DMT220 prismatic supercaps for one of Continental's key automotive programs.

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Irish Residential Property REIT PLC - Dublin-based real estate investment company - Net asset value per share stands at 166.5 cents at end of December, up 3.9% from 160.3 cents a year before. Net rental income for 2021 rises 5.4% to EUR63.0 million from EUR59.8 million in 2020, while EPRA earnings fall to EUR31.6 million from EUR34.0 million. EPRA earnings before non-recurring costs rise 1.9% to EUR37.0 million. Proposes dividend of 3.08 cents for year, down from 3.22 cents the year before, though interim dividend was higher at 2.91 cents versus 2.75 cents.

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Seraphim Space Investment Trust PLC - London-based investor in space technology - Net asset value per share at December 31 stands at 104.7 pence, up from 98.0p over the period since IPO in July. Since launch, firm says it has invested "at pace" with 12 transactions completed during the period. At end of December, held investments in 21 spacetech firms with an aggregate value of GBP182.8 million. "The board is very pleased with the progress made to date. Our investment manager is actively pursuing an extensive pipeline of investment opportunities, taking a discerning approach to progressing those opportunities that offer the best risk adjusted returns for our shareholders, with quality of the investment thesis paramount," says Chair Will Whitehorn.

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Clinigen Group PLC - Burton On Trent, Staffordshire-based pharmaceutical services - Revenue for 2021 rises 17% to GBP283.9 million from GBP241.9 million though pretax profit drops to GBP10.1 million from GBP23.5 million. Says this drop "due to the costs associated with the proposed acquisition as well as increased depreciation, amortisation and finance costs." Funds managed by private equity firm Triton Investment Management Ltd in January offered 925 pence per share in cash, valuing Clinigen at GBP1.3 billion. Clinigen shareholders backed the takeover earlier in February. Clinigen reiterates full-year guidance and says it is "excited" for next chapter as private company.

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Athelney Trust PLC - invests in UK-quoted firms, including smaller companies - Net asset value per share stands at 310.3p at end of December, up from 255.3p at end of 2020. This increase of 22% over the year compares favourably to 15% increase in FTSE 250 and 14% rise in FTSE 100. Firm's NAV total return over year was 25%. Recommends final dividend of 7.5p, bringing total payout for year to 9.5p, up from 9.4p the year before.

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Seeing Machines Ltd - Canberra-based driver monitoring technology - Expects to report revenue of AUD21.7 million for first half ended December 31, up from AUD18.1 million a year before. Total connected Guardian units at December-end was 36,933, securing forward annualised recurring revenue including royalties of AUD18.8 million. "We are extremely confident of more progress in the second half of the financial year and I'm looking forward to more expansion, into more geographical markets, to maximise our growth aspirations and return value to our shareholders as we deliver against market expectations," says Chief Executive Paul McGlone.

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OPG Power Ventures PLC - private sector power projects in India - Reports total generation of 1.55 billion units for nine months to December 31, up from 1.47 billion a year before. Plant load factor for period at Chennai was 57%, versus 54% year-on-year. Average tariff for period was INR5.53 per kilowatt hour, up from INR5.52.

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Tracsis PLC - Leeds-based traffic data and transportation services company - Says revenue for six months to January 31 expected to have increase to GBP29 million from GBP22.2 million a year before, which includes a "strong post-Covid lockdown recovery" of activities in the Events and Traffic Data business units. Ebitda expected to have risen around 10% from GBP5.4 million a year before, and says cash balances remain strong at GBP25 million. Full-year expectations are unchanged, firm says.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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11 Mar 2019 11:36

OPG Power Ventures confirmed restart of Chennai unit

(Sharecast News) - OPG Power Ventures updated the market on its Chennai plant on Monday, having previously confirmed that the 180 MW 'unit IV' was shut down while turbine repairs were undertaken.

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OPG Power Ventures Restarts Operations At Chennai Unit IV

LONDON (Alliance News) - OPG Power Ventures PLC on Monday said it restarted operations at Unit IV of the Chennai plant in India after repairs were completed.OPG shares were trading up 9.6%

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OPG Power Ventures Confident As Chennai Power Plant Does Well

LONDON (Alliance News) - OPG Power Ventures PLC shares rose Thursday as the company reported "another strong" operational performance from its plant in Chennai, India.Shares were

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OPG Power production gets a boost from improved performance at Chennai plant

(Sharecast News) - Power plant operator OPG Power Ventures witnessed a 4.5% production increase in the first nine months of its trading year, predominately driven by an improved performance from its 414-megawatt plant in Chennai.

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OPG Power Interim Profit Rises On Higher Industrial Client Demand

LONDON (Alliance News) - OPG Power Ventures PLC on Tuesday reported a jump in profit in the first half of its current financial year, thanks to the rise in electricity price and higher generation

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OPG Power's revenue and profit climb on cheaper coal

(Sharecast News) - OPG Power Ventures' interim revenue climbed on Tuesday after a "strong operational performance" saw an increase in the company's power generation.

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DIRECTOR DEALINGS SUMMARY: OPG Power Deputy Chairman Buys Shares

LONDON (Alliance News) - The following is a summary of director dealings reported in London on Wednesday.----------OPG Power Ventures Non-Executive Deputy Chairman Jeremy Allen in

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3 Oct 2018 16:25

DIRECTOR DEALINGS: OPG Power Ventures Deputy Chairman Buys Shares

LONDON (Alliance News) - OPG Power Ventures PLC said Non-Executive Deputy Chairman Jeremy Allen purchased shares worth GBP83,891 in the power plants development firm in two separate a transaction

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24 Sep 2018 10:48

WINNERS & LOSERS SUMMARY: Thomas Cook Slumps After Profit Warning

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.----------FTSE 100 - WINNERS----------Sky,

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24 Sep 2018 09:41

OPG Power Venture Shares Plummet By Quarter As Swings To Annual Loss

LONDON (Alliance News) - OPG Power Ventures PLC on Monday said it swung to a loss in its most recent financial year, as a result of higher coal prices and large provision related to its exit from

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30 May 2018 12:22

OPG Power Ventures Non-Executive Director Ravi Gupta Steps Down

LONDON (Alliance News) - OPG Power Ventures PLC said Wednesday that Non-Executive Director Ravi Gupta stepped down from the board with effect from Tuesday.Gupta served on the board for 10

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OPG Power Ventures Chairman To Leave; London 2012 Tsar To Join Board

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1 Aug 2016 12:14

OPG Power revenue and earnings ahead as chairman steps down

(ShareCast News) - Developer and operator of power generation assets in India, OPG Power Ventures, announced its preliminary results for the year ended 31 March on Monday. The AIM-traded firm said there was 80 MW of new capacity commissioned in the year, bringing the total operating capacity to 750

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1 Aug 2016 08:59

OPG Power Chairman To Retire After Committing To Maiden Dividend

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25 Jul 2016 15:11

UK Earnings, Trading Statements Calendar - Next 7 Days

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