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OPG Power Ventures – We’re Back In

So we've top-sliced our PV Crystalox Solar holding (pocketing a handy 15% in five weeks into the bargain) and taken up a little OPG Power Ventures with the proceeds. After buying in to PV Crystalox Solar at 4.40, then again at 5.15 and yet again at 5.40 pence, even the optimist in me was saying, hang on there mate, slow up a bit. We're still holding 70K shares in PV Crystalox Solar - averaged in at 4.74 pence - and with interims due at the end of the month, I'm quietly optimistic that anything but catastrophic news (it can't get much...

Powering India – OPG Power Ventures

Following a financial clemin of a year like 2011, it's good to take a little time out to define at least one non-negotiable. A given. Something you can hang your hat on moving forward. Here's a starter for ten. India will consume all of the energy it produces in 2012. India's energy gap is not breaking news. For a country with a population only second to China's - 1,170 billion compared to China's 1,338 billion in 2010 - and an enviable recent record of economic growth, India's energy consumption figures compared to that of its northern neighbour, provide a glimpse of...

Purchase – Alecto Energy

The fundamental change in our portfolio mix continues. With the recent sale of all our Renesola, Clipper Windpower and OPG Power Ventures holdings and what for us is a fairly heavy (in terms of portfolio percentage) investment in Berkeley Mineral Resources, we've taken a leap into more speculative mineral waters. Ouch! Sorry, do pardon the pun. Well, that's a subjective call I guess. What's speculative to some is rock solid to others. Many would argue that the labels: solar (Renesola), wind-power (Clipper) and India (OPG) in terms of investment have speculation written all over them. My personal investment philosophy though sees no...

Sale – OPG Power Ventures

It's been a busy fortnight and it ain't over yet. On Tuesday we sold off our entire holding of OPG Power Ventures for 68 pence a share after buying in at 66 pence a share in April. With the meagre profit, we covered our dealing costs. Mid to long term I have no doubt that the imbalance in supply and demand of Indian electricity will see OPG Power Ventures forge ahead but for the time being at least we have a couple of other more speculative plays for our coin. Sometimes investing is like that. You've got to shuffle limited funds to...

Purchase – OPG Power Ventures

Late last week we added OPG Power Ventures to the Investor Trader Radar with the view of dipping our toe in the under-supplied Indian power market. As it panned out we were pretty quick on the draw, picking up 1,598 shares at 66 pence a share for a total outlay of £1,054.68 after selling off our remaining Eros International holdings and a little Renesola last Thursday. We see a massive potential for growth with OPG and following a dip from their 90+ pence high late last year, now seemed as good a time as any to take the plunge....

Sale – A Little Renesola

Eros International wasn't the only holding to get a trim following our decision to add OPG Power Ventures to the Investor Trader Radar. For those of you that have followed Investor Trader over the journey you'll know that we often buy and sell a little Renesola on the dips and peaks. And although we believe Rensola's current surge toward £2 still has a ways to travel, we sold 292 shares for £1.90 for a total return of £554.40. We were averaged into Renesola at £1.12, so our 292 shares netted a total profit of £227.76 and we're still holding 1,400 into the bargain....

On the Radar – OPG Power Ventures

After keeping a sneaky eye on OPG Power Ventures for the past few months, I've decided to to take the plunge and add it to the Investor Trader Radar. OPG was set up in 2008 to develop, own and manage power generation facilities in India based on a prevailing and an expected electricity demand and supply imbalance in the country over the coming years. To that end OPG have slowly but surely been building a decent head of steam. Modest beginnings saw a 19.4MW power plant come online early in Tamil Nadu, followed by a smaller 10MW plant in Chennai last...