OPG

BURNED BY COAL PRICES

Shares - - STORY IN NUMBERS -

INDIAN POWER SUP­PLIER OPG Power Ven­tures (OPG:AIM) has come a crop­per as volatile coal prices con­tinue to wreak havoc. The AIM-listed £111m company saw its share price slammed 28% lower af­ter man­age­ment ad­mit­ted that ex­pec­ta­tions for the year to 31 March 2018 will be ‘im­pacted by coal prices be­ing sig­nif­i­cantly higher than con­sen­sus ex­pec­ta­tions.’ ‘The gross mar­gin for the cur­rent year is now an­tic­i­pated to see a ma­te­rial neg­a­tive im­pact,’ chimed in Shore Cap­i­tal. An­a­lysts at the bro­ker have slashed earn­ings per share from 7p to just 1p, and cut March 2019 es­ti­mates from 8p to 4.5p.

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