LuckyHooker
25 Feb 2015
Re: Only three days to go!! Personally, I struggle with the idea that it could be a good omen that a trading update is due in three days' time.After all, that criteria applies to all trading updates, three days before they are due.LH
tasagil
24 Feb 2015
Only three days to go!! Trading update due Feb. Not much time left! Is this a good omen?
roco200
12 Feb 2015
Financial Calendar A forward looking financial calendar is now featured on the Co web site.Trading update due this month.
king sinbad
06 Feb 2015
Re: OPG Power to grow with India says br... Its always best to be conservative with new projects. I totally agree I think this should have a lot more upside than £1.50
JJHBev
06 Feb 2015
Re: OPG Power to grow with India says broker I hope that the Investec revenue forecasts prove to be very conservative.In the 6 months to end Sep 2014 the revenue from Chennai I, II & III was £46.5m – and this was with Chennai I offline for a month and a £:INR exchange rate of approx 100 against approx 94 now.So IMO Chennai I, II & III should generate £100+m pa of revenue on an ongoing basis. With Chennai IV on stream with an additional 180MW that should rise on a pro rata basis to £180+m. (nb OPG has already agreed a tariff for Chennai with TANGEDCO through Sep 2015 at R5.5 per kwh).I assume Invesco’s figure of “£222m in the current year” is for March 2015-2016. If Chennai in total can achieve something around £180m that would mean Gujarat has to achieve only £40+m to get to Invesco’s target. We have no idea as yet what the tariff will be for Gujarat or how long the ramp up will take but I find it really hard to imagine that for a 300MW plant it will be only £40m.Gujarat at 300 MW is 1.3X the size of Chennai I, II & III combined – so what will it generate????Equally I believe – and sincerely hope! – that the profit figures of £40m & £46m will prove to be conservative.Anyway, all that is in the future. Meanwhile we sit and wait. Maybe we will not hear anything now until the next trading update? (which was on 17th Feb last year)
gallant02
06 Feb 2015
OPG Power to grow with India says broker Profits set to more than double but sp target up 50% from now, hardly bullish...!"Indian electricity supplier OPG Power (LON:OPG) has had its share price target raised by broker Investec ahead of the commissioning of two coal-fired power stations.The new plants will triple OPG's output and the broker expects this new capacity to lead to a doubled profits by 2017, lower debts and the start of dividend payments.Cash flow should also be sufficient to fund a move into other sources of power such as renewable.OPG currently produces 230Mw from three coal-fired plants. Investec expects the two new stations, Chennai IV and Gujarat, to begin commercial operations before the current financial year-end in March with Gujarat ramping up to full commercial activity in the following months. When running at full tilt, output will rise to 750Mw.Backing up the broker’s optimism is the situation in India where per capita demand for electricity is rising strongly and supply remains constrained.“A new economic outlook for India, propelled by a combination of Prime Minister Modi’s economic policy and the monetary discipline of India’s Central Bank (RBI), adds credibility to the country’s prospective economic and infrastructure resurgence,” Investec added. “OPG is likely to ‘grow with India’ and consider investments across a broad technology spectrum from fossil-fuel fired power plants to renewables. “We see a strong rationale for OPG to participate in this process. It would involve OPG gradually becoming a multi-technology electricity generator, with diversification benefits in terms of operations,” said the broker.Sales are predicted to rise from £110mln in the year to March 2014 to £222mln in the current year and £266mln in the 2016/ 2017.Over the same period, profits will rise from £21mln to £40.6mln and £46.3mln, the broker forecasts.OPG has already stated its intention to pay a maiden dividend after the 750Mw portfolio has bedded down.Investec repeated its ‘buy’ recommendation and raised its price target to 150p from 140p.
NewM0ney
06 Feb 2015
Investec raises price target OPG Power Ventures Plc. (LON:OPG) had its price target increased by Investec from GBX 140 ($2.11) to GBX 150 ($2.26) in a research report sent to investors on Friday morning. The firm currently has a buy rating on the stock.[link]
Seagull2
29 Jan 2015
Re: Creeping up. Well small volumes, Need to break £1.20 and hopefully would rise strongly from there. However, need a positive update and news on how company will be growing output over next 12/18months to get some more momentum to take us to next level. An update on long awaited dividend payment hinted at last year would also be warmly welcomed. Seagull
