OPG has reported a strong set of interim results, with improved plant load factors, higher tariffs and lower coal prices. This leads us to upgrade our FY20E forecasts. OPG's steady deleveraging continues, with the company having paid down a further £9.6m of term loan debt, representing a c2.5p increase in equity value per share, and is on course to be debt free in Q3/23E.
28 Nov 2019
Cenkos: OPG Power Ventures Plc - Strong 1H/20A performance
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Cenkos: OPG Power Ventures Plc - Strong 1H/20A performance
OPG Power Ventures Plc (OPG:LON) | 10.6 0 0.0% | Mkt Cap: 42.6m
- Published:
28 Nov 2019 -
Author:
Peter Renton -
Pages:
7
OPG has reported a strong set of interim results, with improved plant load factors, higher tariffs and lower coal prices. This leads us to upgrade our FY20E forecasts. OPG's steady deleveraging continues, with the company having paid down a further £9.6m of term loan debt, representing a c2.5p increase in equity value per share, and is on course to be debt free in Q3/23E.