OPG Power Ventures has reported FY22 results in line with our forecasts. In the current financial year, the company is benefitting from improved electricity selling prices, and continues to seek new sources of coal to allow an increase in its levels of power generation. The company has achieved substantial deleveraging in recent years and is robustly positioned for the current market conditions. We maintain a BUY rating.
03 Oct 2022
Cenkos: OPG Power Ventures Plc -- FY results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: OPG Power Ventures Plc -- FY results
OPG Power Ventures Plc (OPG:LON) | 10.2 0 0.5% | Mkt Cap: 41.1m
- Published:
03 Oct 2022 -
Author:
Edward Stacey -
Pages:
7
OPG Power Ventures has reported FY22 results in line with our forecasts. In the current financial year, the company is benefitting from improved electricity selling prices, and continues to seek new sources of coal to allow an increase in its levels of power generation. The company has achieved substantial deleveraging in recent years and is robustly positioned for the current market conditions. We maintain a BUY rating.