Secondary Recommendation

OPG Power Ventures - Indian power generation firm makes strong market debut

July 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Energy security is a hot topic these days and none more so than in the fast-growing economy of India, which has experienced a consistent power deficit in the past five years. This partly explains the extremely strong debut by shares in OPG Power Ventures, a highly profitable operator and developer of power plants in India. After being introduced to AIM on 30 May at 60p by broker Cenkos, in a placing which raised Â£65.1m before expenses, the shares raced ahead to a high of 80.5p before settling back at 75.5p, valuing the company at Â£217m. As well as being in the right place at the right time investors have latched on to the fact that OPG intends to massively expand its capacity from 19 MW of power to nearly 2400 MW within five years. As ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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