Updates

OPG - State owned utilities file to raise their prices which could benefit OPG

January 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Latest first half results to 30 September were boosted by a full six month contribution from the third Indian power plant opened last year, also OPGâ€™s biggest to date at 77MW, which took annualised capacity to 113MW. Revenue therefore grew by 166% to Â£23.9m and pretax profit lifted by 35% to Â£4.8m and eps by 11% to 0.6p, diluted by the additional shares in issue following the placing last year. Although the results appear OK on the surface against the comparables, OPG saw a catalogue of challenges. There is the introduction of a 5% import surcharge on coal and currency changes too (Indian rupee has depreciated against dollars in which coal is bought) making coal more expensive. The latter is unhelpful as the ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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