Last 104.00 GBp
Change Today +2.00 / 1.96%
Volume 233.0K
OPG On Other Exchanges
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As of 12:08 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

opg power ventures plc (OPG) Snapshot

Open
102.25 GBp
Previous Close
102.00 GBp
Day High
104.00 GBp
Day Low
102.25 GBp
52 Week High
06/2/14 - 108.50 GBp
52 Week Low
08/27/13 - 49.50 GBp
Market Cap
365.6M
Average Volume 10 Days
115.0K
EPS TTM
0.04 GBp
Shares Outstanding
351.5M
EX-Date
--
P/E TM
25.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for OPG POWER VENTURES PLC (OPG)

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opg power ventures plc (OPG) Details

OPG Power Ventures Plc, together with its subsidiaries, develops, owns, operates, and maintains power projects in Chennai, India. It produces thermal energy through an operating capacity of 270 mega watt of power plants. The company principally sells electric power to public sector undertakings and heavy industrial companies in India or in the short-term market. OPG Power Ventures Plc is based in Douglas, Isle of Man.

opg power ventures plc (OPG) Top Compensated Officers

Co-Founder, Chief Executive Officer, Managing...
Total Annual Compensation: 279.6K GBP
Chief Financial Officer, Director of Finance ...
Total Annual Compensation: 58.3K GBP
Compensation as of Fiscal Year 2013.

opg power ventures plc (OPG) Key Developments

OPG Power Ventures to Form Joint Venture with Noble Chartering

OPG Power Ventures plc has entered into a joint venture arrangement with Noble Chartering Limited to secure long term rates for international freight. Under the terms of the agreement, OPG and Noble will purchase and own, jointly and equally, two 64,000t cargo vessels. The cost of each vessel has been agreed with one of the shipyards at approximately $28 million and each of OPG and Noble will invest approximately $9 million in stages over the period to delivery of the vessels in early 2017 as their equity contribution to the joint venture.

OPG Power Ventures PLC Enters into Joint Venture Arrangement with Noble Chartering to Secure Attractive Long Term Rates for International Freight

OPG Power Ventures PLC has entered into a joint venture arrangement with Noble Chartering to secure attractive long term rates for international freight. An equity investment of USD 9 million to access attractive long term freight rates for ten years. Under the Long Term Freight Arrangement (LTFA), between them, OPG and Noble are to purchase and own, jointly and equally, two 64,000t cargo vessels. The cost of each vessel has been agreed with one of the shipyards at approximately USD 28 million and each of OPG and Noble are to invest approximately USD 9 million in stages over the period to delivery of the vessels in early 2017 as their equity contribution to the JVA. OPG and Noble will manage 1.5mt of cargo per annum under the LTFA for at least ten years. Under the terms of the LTFA, the Company will commit to provide 1.5mt per annum for carriage by the two vessels for a minimum period of ten years at competitive long term rates, with this volume of affreightment expected to meet the imported coal requirements of OPG's current operating capacity at Chennai. OPG and Noble are committed to deploying the best of their combined expertise to manage both the vessels and cargo to achieve savings against prevailing shipping rates and effective operation of the fleet of two vessels. Technical management and maintenance are to be performed by a leading third party global ship manager. Freight costs have in the past made up approximately 25% to 40% of the total landed cost of the imported coal OPG has purchased, depending upon activity and rates in the bulk cargo market. After scheduled delivery of the vessels in January 2017, by virtue of the project based nature of the freight arrangement, OPG will be charged an LTFA rate under the JVA for the shipment of its imported coal cargo which is expected to be lower than the long term contract rates that are currently available to the Company. Accordingly, the Directors believe that this LTFA is strategically attractive as it ensures visibility, control and competitiveness of the cost of transportation for all of OPG's imported coal requirements for Chennai I, II and III.

OPG Power Ventures plc Announces Preliminary Consolidated Earnings Results for the Year Ended March 31, 2014

OPG Power Ventures PLC announced preliminary consolidated earnings results for the year ended March 31, 2014. For the year, the company's revenue was £98.81 million compared to £56.19 million a year ago. EBITDA was £30.97 million compared to £17.74 million a year ago. Income from continuing operations (before tax non-operational and/or exceptional items) was £19.54 million compared to £13.23 million a year ago. Profit before tax was £17.95 million compared to £10.54 million a year ago. Profit after tax was £14.56 million or 4.117 pence per diluted share compared to £10.54 million or 2.483 pence per diluted share a year ago. Operating profit was £26.76 million against £14.59 million for the same period a year ago. OPG revenue has increased by £42.61 million, reflecting a 76% growth year on year, on account of a full year contribution from the 77 MW Chennai I & Chennai II plants and nearly 10 months contribution from the 80 MW Chennai III plant.  Underlying rupee revenues increased by 96%. Operating cash flow increased from £18.10 million in 2013 to £30.85 million in 2014, an increase of £12.75 million, or 70%.  The increase is primarily due to the increased profit before tax. Net cash generated by operating activities was £25.15 million compared to £48.83 million a year ago. Purchase of property, plant and equipment (net of disposals) was £128.64 million compared to £94.80 million a year ago.

 

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OPG

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Valuation OPG Industry Range
Price/Earnings 24.6x
Price/Sales 3.6x
Price/Book 2.6x
Price/Cash Flow 24.5x
TEV/Sales 3.6x
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