OPG Power Ventures (OPG) has delivered a strong H1/19A performance, building momentum into H2/19E and FY20E. Revenue increased 17.2% YoY to £77.7m driven by higher production, plant load factors (PLFs) and tariffs. Tariffs have been successfully renegotiated higher with captive customers, off which we upgrade our forecasts. Coal prices have commenced a downward trend, contracting c23% in Q3/19E, which should aid FY20E profitability. OPG's strengthened financial position post the deconsolidation ....
27 Nov 2018
Cenkos: OPG Power Ventures Plc - Strong Positive Momentum
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Cenkos: OPG Power Ventures Plc - Strong Positive Momentum
OPG Power Ventures Plc (OPG:LON) | 10.8 0 0.0% | Mkt Cap: 43.1m
- Published:
27 Nov 2018 -
Author:
Cavendish Research -
Pages:
7
OPG Power Ventures (OPG) has delivered a strong H1/19A performance, building momentum into H2/19E and FY20E. Revenue increased 17.2% YoY to £77.7m driven by higher production, plant load factors (PLFs) and tariffs. Tariffs have been successfully renegotiated higher with captive customers, off which we upgrade our forecasts. Coal prices have commenced a downward trend, contracting c23% in Q3/19E, which should aid FY20E profitability. OPG's strengthened financial position post the deconsolidation ....