Updates

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

September 2011

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 full year results to 31 March showed the giant stride OPG made in the last year when it opened its third Indian power plant. The biggest to date at 77MW takes total annualised capacity to 113MW, against 30MW from two plants the year before and lays the foundation for larger ones to come. It also nicely demonstrates the future potential; overall, despite the new plant only contributing for part of the year, revenue grew by 188% to Â£33m and pretax profit doubled to Â£11.1m. Earnings per share were 2.1p. Average pricing for power was Rs4.95/kWh.OPG therefore looks on the cusp of an explosive share price performance over the next two years based on the 742MW of capacity that is now fully funded â€“ a six-fold increase on curre ...

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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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