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I think they have only ever missed 1year
Surely Q3 lands this week
Looking forward to increased turnover and with it increased profit
You've hit the nail on the head, patience here will be very well rewarded both short term and long term
Fund managers obligated to clean energy so they don't have a choice there loss is everyones gain because this is a cash cow.
The debt reduction over the last 6-7 years is incredible. Plant paid for and now generating bundles of cash
Big buyers arriving with update due any day now, and only a few weeks to what could possibly be record f/y results.
Start the engines !!
It will go soon Dave
Historically Q1&Q2 performance tends to be far lower than Q3&Q4 however Q2 saw OPG posting record figures and a great indication on what to expect in Q3, results due any day now
Y/E (april) should see revenue hitting 160million
With EBITDA of 20million.
Won't be 11p for much longer, broker forecast is a very conservative 27p and that would still be a bargain.
Some big buys late yesterday great timing by someone.
Cenkos increase target price significantly to 27p
Still to low imo should be 35p
Expecting a sharp uptick with Q3 upadate about to land
I also think that this year will be when they finally start to reward holders by paying a dividend, clearly making enough profit as will shortly be confirmed by another record quarter.
Dave it is crazy to think how cheap this is when looking at the performance especially the last quarter if Q3 and Q4 match it (and they are usually far better) then we should be set for a cracking f/y (not long to wait) as a minimum 25+p but could easily be in the 30-35p range
28th Feb 2022
29th Jan 2021
11th Feb 2020
23rd Feb 2019
I think they will be quick to release this years based on the massively improved performance in rhe last quarter and knowing that historically they always have a much stronger second half to the year.
It is thought it would this week and next with Q3 due to land
Its only a matter of time and this will rocket
Anyone who has followed OPG knows how undervalued it is
Buying at these levels and in the space of 2years i can see it yielding 20-30% per annum in dividends, just another reason to buy.
Agree Davey short term there is massive upside as they are clearly back to making large profits.
Long term i think OPG is a very well managed company that will continue to grow.
Short term forecast for 2024 35p
Forecast for the next 2-3years 60p-70p as the company starts to supersede historical profit levels.
Good move if they get someone in who is more investor relations minded.
Should start to move back up this week with Q3 expected to drop.
Update this week ⁸
He is but its the company secretary role where he has been replaced , could simply be that as CFO he doesn't have the time to undertake the obligations of secretary aswell.
He clearly failed in the role and communication with investors has been poor to say the least, happy to see this move as it indicates the company realises it has been lacking in this area.
Thanks Bubba thats great news, his performance as company secretary has been appalling and it is about time he has been replaced after repeatedley failing to keep investors and the market updated with crucial news reporting.
He clearly hasn't been doing what a good company secretary should and i doubt he had much choice in his resignation (that or be sacked) one things for sure the new appointment has to be an improvement.
Looking forward to more updates and a stream of positive newsflow
I thought this week would test 10p before the price would start to move back up as Q3 results could land next week or the week after.
Should see an attack on 14p on the build up to results and an updated f/c for f/y24