Tuesday broker round-up UPDATE
27th May 2014 09:17
African Minerals: Canaccord Genuity cuts target price from 295p to 230p and maintains a buy recommendation. AG Barr: Investec ups target price from 620p to 645p retaining an add rating. ARM Holdings: Numis increases target price from 880p to 920p keeping a hold recommendation. AVEVA Group: Invest
Read moreSector movers: Electricity stocks fall as Drax tumbles
23rd Apr 2014 15:29
Electricity stocks were the worst performers in London on Wednesday with Drax falling sharply after the government changed the terms of a key subsidy for conversion from coal to biomass. The government said last December that it had shortlisted two of the company's generating units at the Drax Powe
Read moreOPG Power Ventures posts marginal decline in revenue
13th Dec 2012 11:55
OPG Power Ventures, the developer and operator of power generation plants in India, saw revenue slip in the six months ended September 30th 2012. Revenue fell 5.3% to £17.8m from £18.8m year-on-year excluding legacy assets no longer consolidated from November 2011. The group pointed out that the
Read moreOPG faces hit from Indian power reforms
23rd Oct 2012 09:17
OPG Power, the developer and operator of power stations in India, was off after reporting that national economic reforms in the country could have an impact on it. The government of India has announced debt restructuring assistance to State Electricity Boards (SEB), subject to them undertaking refo
Read moreGoodwin MD ditches 5,000 shares as profits leap
30th Jul 2012 15:29
Richard Goodwin, the Managing Director of Goodwin, sold just over 5,000 shares in the company on Friday, the same day the engineering and steel castings firm reported strong growth in profits. The director traded in the shares at 1,330p a pop, earnings himself £67,404 and reducing his stake to 31,3
Read moreSynergy CEO stocks up as Q1 growth limited by currency
27th Jul 2012 15:50
Dr Richard Steeves, the Chief Executive Officer of Synergy Health, a provider of outsourced sterilisation services, bought himself a round of shares on the same day the firm admitted headline growth in the first quarter had been held back by currency translation with the devaluation of the euro. T
Read moreSector movers: US jobs data sees investors flee from risk
6th Jul 2012 15:14
With disappointing jobs figures from the US prompting a sell-off in global stock markets, the defensive sectors were benefitting from the risk-off environment. The US Labor Department revealed that 80,000 non-farm payrolls were added in June, less than the 100,000 expected by analysts. The jobless
Read moreOPG Power gets boost from energy regulator
3rd Apr 2012 11:09
OPG Power Ventures has announced that Indian energy regulator, Tamil Nadu Electricity Regulatory Commission, has sanctioned an increase in regulated tariffs with immediate effect, which OPG believes will boost its own earnings. Chief Executive Arvind Gupta said: "Recent federal budget pronouncement
Read moreOPG sees profits double
15th Aug 2011 16:13
OPG, the developer and operator of power plants in India, saw profits before tax double in the year to 31 March 2011. The firm recorded profits before tax of £11.16m - an increase of 105% on the previous year. Revenues also sky-rocketed, up 188% to £33.15m, driven partly by the opening of its coal
Read moreOPG raises £60m for Indian generating capacity
4th Feb 2011 18:59
OPG Power Ventures has raised £60m at 93p a share to finance additional generating capacity in India. OPG has 107MW of generating capacity in operation and it will have enough cash to build a further 555MW of capacity. There was still £17m of unrestricted cash in the balance sheet at the end of Se
Read moreOPG Power Ventures Gets Clearances To Start 300 MW Project
12th Jul 2010 11:19
LONDON (Dow Jones)--OPG Power Ventures PLC (OPG.LN), a developer and operator of power plants in India, announced Monday the receipt of the environmental clearances, that the project is now being mobilized and that the company expects to commission the plant in the first half of 2013. MAIN FACTS
Read moreOPG Power Adds Second 77MW module To Chennai Coal Fired Unit
12th Jul 2010 10:58
LONDON (Dow Jones)--OPG Power Ventures PLC (OPG.LN), a developer and operator of power plants in India, said Monday it is adding a second 77 Megawatt, or MW, module to its existing 77MW coal fired unit near Chennai, Tamil Nadu, in India. MAIN FACTS: -The Chennai facility had been conceived a
Read moreOPG Power Ventures FY Pretax Profit GBP5.45M Vs GBP6.33M
5th Jul 2010 14:09
LONDON (Dow Jones)-- OPG Power Ventures PLC (OPG.LN), a developer and operator of Group Captive power plants in India, Monday reported full year pretax profit of GBP5.45 million, compared with GBP6.33 million a year earlier. MAIN FACTS: -Group revenue for the year ended March 31 GBP12.87 Mil
Read moreOPG Power Ventures Gets Approval For Kutch 2 x 150 MW Facility
30th Jun 2010 09:46
LONDON (Dow Jones)--OPG Power Ventures PLC (OPG.LN), a developer and operator of Group Captive Power stations in India, said Wednesday that it has received final environmental approval in respect of the 2 x 150 MW coal fired power station under development in Kutch which means all the necessary clea
Read moreSmall caps round-up: Strontium, Griffin Mining, OPG...
3rd Mar 2010 11:45
Professional services group Strontium increased profit after tax and exceptional items 13-fold in the six months to 31 December to £97,895. Profit on continuing activities before taxation and impairment charges rose 95% to £145,270 on revenue from continuing activities up 23% to £1.23m. "Market c
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