Secondary Recommendation

OPG Power Ventures - Shares finally pop over 100p

June 2014

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.

The shares finally popped, shooting over 100p more than vindicating our write up in July '12 at 33.5p when we dubbed them a screaming buy. Nobody wanted to know back then. Results to the end of March showed sales up 76% to £98.8m, pretax profit up 70% to £17.95m (despite losing some of the growth due to the decline in the Rupee) and eps up 71% to 4.1p. EBITDA was £31m and EBITDA margins were 31%. The year reflected a full year contribution from wholly-owned 77 MW Chennai II plant and 10 months from the 80 MW Chennai III plant, which resulted in the amount of energy delivered from its three power plants being 97% higher than a year ago. Costs (ie.coal) were again contained through the use of imported Indonesian coal rather than do ...

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Polypipe - 24% market share of plastic pipes and fittings

Parity

OPG Power Ventures - Potential beneficiary of coronavirus (March 2020)

OPG Power Ventures - Inextricably linked to Indonesian coal (May 2018)

OPG Power Ventures (January 2016)

OPG Power Ventures (May 2015)

OPG Power Ventures (December 2014)

OPG Power Ventures - Hitting the motherlode in November (September 2014)

OPG - On track to grow from 234MW to 700 MW (July 2013)

OPG - Cashflow projected to ballon to Â£100m (January 2013)

OPG Power Ventures (November 2012)

OPG Power Ventures - Excellent operational progress (July 2012)

OPG - Splendid news as state electricity prices are hiked 37% in Tamil Nadu (April 2012)

OPG - 77MW Chennai plant on full throttle (March 2012)

OPG - State owned utilities file to raise their prices which could benefit OPG (January 2012)

OPG Power Ventures - Six-fold increase in capacity to 742MW by 2013 fully funded (September 2011)

OPG Power Ventures (August 2011)

OPG Power - Ambitions grow four-fold to 5400 MW capacity by 2020 (February 2011)

OPG Power - Target capacity of 1200 MW by 2015 (January 2011)

OPG Power Ventures (June 2010)

OPG Power - Excellent buy opportunity (March 2010)

OPG Power Ventures - Annualised capacity 256% higher already (January 2010)

OPG Power Ventures - Whopping 13-fold increase in capacity in two years expected (July 2009)

OPG Power Ventures (September 2008)

OPG Power Ventures - Profitable Indian energy group (July 2008)

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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