OPG has released a trading statement for Q1/18E, and provided additional guidance. FY18E profitability is expected to be sharply lower owing to higher input coal prices. We reduce our FY18E on account of higher coal costs, but view the reduction as transitory by further including FY19E. FY17E is expected to be in line and the dividend policy for FY18E is reaffirmed. We maintain our BUY recommendation.
30 Aug 2017
Looking Beyond the Coal Squeeze
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Looking Beyond the Coal Squeeze
OPG Power Ventures Plc (OPG:LON) | 10.2 0 0.0% | Mkt Cap: 41.1m
- Published:
30 Aug 2017 -
Author:
Cavendish Research -
Pages:
5
OPG has released a trading statement for Q1/18E, and provided additional guidance. FY18E profitability is expected to be sharply lower owing to higher input coal prices. We reduce our FY18E on account of higher coal costs, but view the reduction as transitory by further including FY19E. FY17E is expected to be in line and the dividend policy for FY18E is reaffirmed. We maintain our BUY recommendation.