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OPG Power Ventures - Inextricably linked to Indonesian coal

May 2018

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.

  • Epic Code:
  • OPG
  • Price:
  • 19.75p
OPG Power Ventures (OPG; 19.75p), an operator of thermal power plants in India, could be an interesting punt following the deputy chairman’s purchase of 290,000 shares at 17p in mid December and the finance director’s buy of 75,000 at 18.1p last month. The founding Gupta family haven’t been buying because they own the majority of the shares and it would require a white wash by the AIM regulator although the family, who have interests in steel and flour milling, have been taking their dividend in shares and now own 51.5%. That interest could herald a bid after sector rival Mytrah succumbed to a bid this month.OPG was set up in 2008 to exploit changes in India’s power industry, whereby the State Electricity Bo ...

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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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