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You do however have to wonder what the share price would have been this morning had there no been this buyout offer.
Probably below 600p
...this is still a great share and I blame the City for screwing us PI's on this. 180,000 barrels a day, Hindustan Zinc, Zambian copper - WHAT - they didn't trust Agarwall, didn't understand his business and ultimately 'we' paid the price. Once private, this will fly - Tutocorin will get the necessary approvals, they will bed down the Electrosteel and Essar acquisitions and be a prime-mover in the double-digit growth in India.
825p is a steal and I will miss those great divis - a sad saga which could have ended so much better.
If it opens up at 825p on the 19th it will be easy money!! Let's see what happens.
Ex-Dividend on 19 July 18
You can actually sell it that day .....you need to have held it by close of business the previous day..
EX-Div means if you buy you wont get the div..but if you sell you will have the div attached to your name on the registrar from the previous night. .
It may well open on ex-div morning at 825p anyway ...which is what you will be paid in cash anyway ....
Vulcan may well be buying up the sells now any way ....
Ex-Dividend on 19 July 18
Hold it that day
http://www.vedantaresources.com/investor-relations/shareholder-information/dividends.aspx
Hi can someone tell me the date that one has hold shares on VED to get the dividend
I would like to get thsi one right
many thanks
interesting....
Anil Agarwal faces shareholder resistance to $1 billion Vedanta bid http://www.ecoti.in/w414hZ via The Economic Times App(Download Now): http://ecoti.in/etapps
yeah
Peel Hunt Limited ...buy
What’s the Divi date?
Why does this site crash so much? Seems very unstable. I know lots of II investors coming over but come on... Plus it's so slow.
Because the buy-out offer is at 825 plus shareholders get to keep the dividend, which is roughly 31.3p, so towards ex-div date (20 July) it should go up to 856 and then drop back to 825 before 30 July... Unless activist shareholders (if there are any) voice their objetions to a rather low ball offer and the expectation will be that the offer will actually be higher (unlikely in my view).
Why is this pushing 835?
UK shareholders in VED only have a claim on a small amount of the assets so it was always a share in which you had to be careful in understanding what the ACTUAL value of VED might be.
I researched and realised the actual NAV on VED was about the 600-630p level ..so given that 825p is in fact a premium to those asset values
Disgusting low ball offer. Good if you bought under 700p but otherwise rubbish imo
I too couldn't understand why anyone would buy over 825p, but, since it seems highly unlikely they can go below 825p - at least in buyout value - then there is the decent divi of c'30p. So, I guess anything under 855p represents some profit?
There is a cost of about £750 millions to buy the minority shares. However there is no details of which bank is going to finance the deal and under what terms?
What's going on then???
The 'Indian Incident(s)' were puzzling, even more so given the timing of this announcement. Consider the s/p and trajectory prior. These 'discussions' don't happen overnight.
Same old story....ved never fails to disappoint.
majorly peed off. Bought these at 1100p 5 years ago. And you can bet some Anglo American merging goes on in future too, and with Cairn eliminating the Groups debt in time, long term holders have been shafted.
Deal must be concluded by 30 July
This is very cheap at £8.25. Price should currently be in the £9-10 range if not for the incident at the Indian power plant. Been in for a few years and as a long term holder always expected this to get back to the £15 range.
Have to find another high paying dividend.
Does anyone know the timings please for this deal?