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Down 25% and opg is down
Cant wait for results gonna be good
No still got them waiting for buyer but their out of their control if you read annual report
Major movements it looks like china has final got a grip on the market
Why does cement production collapse in Kazakhstan from October to January? Happens every year ant reason
I wanna buy shares but it feels like a value trap
minimal current debt if you know what that means?
Operating cashflow covers 7x over
Perfect time to buy back shares with the decrease today
India ain't getting rid of coal power plants anytime soon there would be blackouts all over the shop
I'm a cash flow investor and like to value the whole firm
I've predicted 3 takeovers this year using the dcf method I have developed
I still think it's worth around the 800 million pound mark, it's generating £40 million every year
No current debt and is a cash cow
You would be laughed out of the board room if you offered 200m quid for this company
I like to buy companies that the market thinks are garbage and then sell them when the market realises they aren't
Competitive advantage seems like the only con in this company crowded space
Would like to see 6 month results though
Cement isn't environmentally friendly unfortunately lot of companies that aren't green are getting hit today
Clinker is one of the worst for the environment
Scary times in the market
Got 10k worth today will be looking to increase in future
Not sure to be fair I think you might be overthinking haha
Still think it means 15% of outstanding shares
But could be wrong mate
Nominal is just par value nothing to worry about
15% of shares being bought is gonna be ridiculous
But with cash on hand you may as well
It has some debt but they don't have to pay majority of the debt back until 2023 if you read the annual reports their website is shocking so I wouldn't use it
https://www.opgpower.com/investors/shareholder-information/shareholder-circulars/index.html
If you read the proxy number 10 special resolution I'm unsure if it means share buybacks or it means allow directors to buy shares
Thinks we just authorised share buybacks but don't quote me
I was reading the proxy on their website
Hi mate I never invested in this in the end
Real shame about the decrease today didn't think the update was the worst thing in the world
One of the reason I didn't invest is because there doesn't seem to be a competitive advantage
The industry seems to have a lot of small players in the market
Will do more in depth research tonight will be could to see results in a couple of weeks
Looking at Iomart group and redcentric which I think are in the same industry they seem like good plays
People upping stakes won't be long till a takeover
Yea 40p hopefully after that
But I don't wanna be to hopeful it's the AIM after all
Yea keeps going up this week lots of buys
Probably a market maker sweeping up a big sellers shares