Member Info for AndreyWalker

Yes, the lights are out and the game is over.

In theory, everyone knows you shouldn't invest in penny stocks, especially those with a majority shareholder from an emerging market, where the concept of honesty and integrity is very different from ours. Experience has proven that theory correct.

This was a learning experience for me. In return, I wish Jeremy and Michael the reputation of being useful British idiots, and Arvind Gupta to burn in hell.

They can dilute your stake by making a unilateral decision to issue additional shares, and you will be the last one to know about it, since there will be no reporting obligations as a public company.

No significant change since my last post (39 shareholders with 10%)

The number of shareholders has increased. Thirty-nine minority shareholders, representing almost 10% of the company’s shares, have already voted ‘Against’. This list is clearly incomplete, as it does not include shareholders such as Prana GP Limited or members of the Board of Directors. Several shareholders on the list plan to attend the AGM in person and are considering legal action.

Please use this email opgpv.minority.sharehodlers@gmail.com

Confirm the issue with the incoming email. I am working with google to fix it.

Ronald, 25%+1 from 400 mln is around 100 mln. We have ~30mln? so not there yet. Rgrds

Dear Shareholders,

After one day of collecting votes, we have 19 shareholders with 27.9 mln shares, who will vote against AIM delisting. This is not enough to block resolution.

Please distribute to known shareholders this link https://forms.gle/4Ew6p8x3B9DwKR1o7

Andrey

Dear Shareholders,

I met with a group of minority shareholders this past weekend to discuss the upcoming Annual General Meeting (AGM) and the company’s proposal, as set out in the Circular.

Despite differing views on how the situation may evolve, we reached agreement on several key points:

1. Delisting from the AIM exchange is highly disadvantageous for minority shareholders. Following delisting, the company would become less transparent, financial reporting less frequent, liquidity reduced, and shareholder rights further weakened. Any shares remaining after delisting would, in practice, represent lost capital.

2. The proposed buyout price of 6.27p per share is significantly undervalued. This figure is well below the company’s fair value, whether assessed by Net Book Value (40p), Cavendish’s 2024 target price (27p), or Free Cash Flow estimates (5.6p for FY25 and 5.2p for FY24).

Given these concerns, our group believes it is both reasonable and necessary to pursue a clear goal: to coordinate minority shareholders in order to negotiate a revised offer reflecting a fairer valuation.

This objective can be achieved if we bring together at least 25%+1 share of minority shareholders to vote against the company’s proposed delisting (Resolutions 4 and 5).

If this threshold is reached, at least two minority shareholders plan to attend the AGM to represent our collective interests. Also there is a commitment (six digits) from investors to fund a potential legal action.

In addition, we aim to nominate our own representative to the Board of Directors to ensure continued minority representation.

If you have already voted against the delisting or intend to do so, please complete the short form linked below. You will be asked to provide your contact email and the number of shares you are voting with.

https://forms.gle/4Ew6p8x3B9DwKR1o7

The contact email opgpv.minority.shareholders@gmail.com

Kind regards,

Andrey

Could you please put together a template with arguments, facts and instructions on how to file a complaint with the FCA?

I suspect this "someone" has simply run out of imagination to explain why, when coal prices fall, the company shows zero profit and doesn't pay dividends when it has cash in the banks. (:

Wasn't this role outsourced to Tavistock?

Sorry to correct you, but 5% of 402 million is 20.1 million.

And one more idea to follow up. OPG shares, in my opinion, currently appear to be a significantly undervalued but defunct asset that has the potential to rebound in a few years. To achieve this, minority shareholders will need to learn to defend their interests. After all, Section 994 of the Companies Act 2006 provides some protection for minority shareholders, and a shareholder with at least 5% of voting rights can demand the company call a general meeting. This would likely require the emergence of an activist minority shareholder with deep pockets.

It's not surprising, that's how they make capital.

Ronald, are you sure such low tariffs aren't for the middlemen who pocket the profits?

Ronald, the tax will not be passed to consumer immediately and directly because tariffs are regulated by government and according to RNS "Following the abolishment of the cess. companies will remain unable to claim input credits due to electricity being outside GST under the new 18% GST regulations."

Again, OPG demonstrated mediocre results for 24/25 year:

- Revenue declined from £160.8mln to £156.7mln, possibly due to lower tariffs 7.5->6.5

- Increased distribution cost from £14.6mln->£18.0mln

- Profit for the year dropped 67% from £4.3mln->£1.4mln. Even with high revenue, the company does not create neither profit nor value for shareholders.

According to the Tamil Nadu bill calculator, the tariffs for commercial companies are in the range of 7.25-9.10.

- What is the reason for such low tariffs?

- Who is the preferred customer with minimum tariffs?

- Why has the distribution cost increased?

Unanswered, these will cause concern.

Hazbeen, it depends on your definition of "positive outcome". As I understand it, the main claims are made against the main shareholder, not the company itself, so the outcome of the investigation should not directly affect the company's operations.

Too good to be true