Edison Investment Research is terminating coverage on Mercia Asset Management (MERC), Bloc Ventures (unlisted), YOC (YOC.DE), Genuit Group (GEN), AlzeCure Pharma (ALZCUR), abrdn Latin American Income Fund (ALAI), Magforce (MF6), OPG Power Ventures (OPG) and paragon (PGN). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.
Edison Investment Research Limited OPG Power Ventures (OPG): Management succession and update 07-Apr-2022 / 07:00 GMT/BST London, UK, 7 April 2022 OPG Power Ventures (OPG): Management succession and update The current elevated Indonesian coal price has left Indian thermal power company OPG Power Ventures (OPG) valued at an 83% discount to net asset value (NAV) at end September 2021. Closing this discrepancy should be driven by a) actions being taken to mitigate this cost pressure and b) further details of the potential from the developing sustainability strategy. Current...
The current elevated Indonesian coal price has left Indian thermal power company OPG Power Ventures (OPG) valued at an 83% discount to net asset value (NAV) at end September 2021. Closing this discrepancy should be driven by a) actions being taken to mitigate this cost pressure and b) further details of the potential from the developing sustainability strategy.
Edison Investment Research Limited OPG Power Ventures (OPG): FY22 interim results 09-Dec-2021 / 10:19 GMT/BST London, UK, 9 December 2021 OPG Power Ventures (OPG): FY22 interim results OPG Power Venture (OPG) has modern thermal power generation assets and a strong balance sheet to see it through the current coal price headwind, which is also masking the short-term valuation. Future value generation could also come from the intention to expand renewables activities, which could benefit from the group's current roster of captive customers. The coal price machinations are...
OPG Power Venture (OPG) has modern thermal power generation assets and a strong balance sheet to see it through the current coal price headwind, which is also masking the short-term valuation. Future value generation could also come from the intention to expand renewables activities, which could benefit from the group’s current roster of captive customers.
OPG Power Venture (OPG) has modern thermal power generation assets and a strong balance sheet to see it through the current coal price headwind, which is also masking the short-term valuation. Future value generation could also come from the intention to expand renewables activities, which could benefit from the group’s current roster of captive customers.
OPG Power Ventures reported a strong year in profit and cash generation despite COVID shutdowns and lower power consumption in India. A significant increase in the coal price is providing a headwind. The strong financial position and captive model provide confidence, while the historical valuation (last three-year average P/E of 3.7x and EV/EBITDA of 1.9x) is compelling.
OPG Power Ventures reported a strong year in profit and cash generation despite COVID shutdowns and lower power consumption in India. A significant increase in the coal price is providing a headwind. The strong financial position and captive model provide confidence, while the historical valuation (last three-year average P/E of 3.7x and EV/EBITDA of 1.9x) is compelling.
OPG shares have been soft of late, reflecting concerns over the COVID-19 situation in India, where the company’s key power plant is based in the industrial city of Chennai. Today’s update is therefore reassuring, both for the fiscal year just completed and given commentary that the current lockdown appears to be having a more limited impact than the prior one in calendar 2020. From an investment perspective, cash generation remains key as the deleveraging should continue to shift value from the ...
Edison Investment Research Limited Edison Investment Research Limited: OPG Power Ventures (OPG.L): Initiation - Full power ahead 11-March-2021 / 11:41 GMT/BST London, UK, 11 March 2021 OPG Power Ventures (OPG.L): Initiation - Full power ahead OPG has proved financially resilient through the COVID-19 driven economic slowdown, remaining healthily profitable and cash generative. As the Indian economy recovers (the OECD is forecasting 12.6% growth in 2021) demand for power will return. This should drive the recovery in sales and profits, in turn deleveraging the balance sheet...
A director at OPG Power Venture bought 696,271 shares at 12p and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly ...
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