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" Ability for shareholders to invest in the Vedanta Group remains intact:
Vedanta shareholders retain the ability to invest in Vedanta Limited shares, where the majority of Vedanta Group's profits and cash flow are generated. "
The need for Vedanta listed in London becomes unnecessary - so maybe throw your money from this into
VEDL on the Indian NSE and stay with the story
https://www.moneycontrol.com/india/stockpricequote/mining-minerals/vedanta/SG
I started buying into these last week with the notion that Trump would calm down come September with the Us mid-terms ahead of him.
Cant say I was expecting this buy out...big suprise...
I will look to put the proceeds into SHELL when the moment is right
The deal works out at 856p a share, with the dividend included. The founder is buying the company at a time of weakness in the value of the business, so perfect timing for him - not so for the shareholders.
Been taken over cheap long term that have suffered haven't got a great return :(((
Well I'm a happy chappy - last week I had just finished making a significant purchase over a number of few weeks and held an average of £6.70 (sold at £8.23) - I was holding for the dividend (ex div 19 July) but have sacrificed that for the capital gain (held in ISA so no tax due) - just in case deal collapses. It doesn't happen too often (certainly not to me) - but it's nice when it does. I might even blow the expense and have an extra coffee with my breakfast - I know how to celebrate eh !?!?
Founder taking it private through volcan
Offer.....
Offer should be around 15-20% higher imo
a buyout rumour....it has just said on bloomberg tv.
and as my slightly mad granny used to say, if your aunt had been differently endowed she would have been your uncle :) what is dealing if not betting on a certain set of if's and but's ??? What if oil hits $100 at the same time india realizes the cost of shutting the smelter at the same time china has another growth spurt like a teenager on steroids ??? what then poker chips ? anyone ? so as always ya pays ya money ya makes your choice's and bol to you all.
Well said wiseoil - this just adds further weight and perspective to my post on Tue @ 12.25. When you look at relative valuations, whichever metrics you choose to use, this is a seriously undervalued stock within its sector (IMHO).
They produce 200,000 bpd, that is 115,000 more than Tullow oil production of 85,000 bpd. VEDANTA is more diversified by producing copper, zinc and silver. They are operating over 3 cotinents. It's market capital is half of Tolluw oil ?!!!
With not sure a strong balance sheet and earnings not exactly brilliant, Is now a good moment to give away a 41 cents dividend?
If the FED push up interest rates, and China takes an economic breather ...and as such pushes up the dollar and brings down commodity prices...what effect will that have on VED balance sheet and as such SP?
I am wondering how the SP will react post ex div day and beyond..in the near term
Anyone ?
http://money.cnn.com/2018/06/26/investing/china-stock-market-bear/index.html
the shanghai composite needs to bottom out.
the dollars needs to top out
and the trade war needs sortinng.
.
commodities cant do much,with all that pressure .
Ridiculous share price
American vedanta ... vedl
American vedanta ... vedl
They lost 1.3% of its share price yesterday we lost 5% of vedanta resources share price.... today they recover the 1.3% lose and rising higher?!! Is our vedanta are different from that of NSE . ??
You may have spoken a little too soon in the short term J-M - but I believe your overall sentiment is absolutely correct (as articulated in a little more detail by Pokerchips recently). Notwithstanding the recent local political risk this stock is hugely undervalued (and India's biggest miner). Only 273 million shares in issue, MC £1.75 billion, P/E 9.9 and turnover of 15.5 billion (10 times (ish) MC) !! Oh yes, and a 30.5p (41c) dividend due next month (ex-dividend date 19 July) on a current annual yield of 7.7% @ £6.34 per share (as I type) - now that's a bargain.
apologize for opening my big trap too soon by the way :(
in my opinion fwiw yada yada yada !and finally big boys waking up to that fact! small pi's seem cautious but someones stake building :) back to the 7's soon hopefully and that will be a sensible start big divi round the corner as a bonus as well fingers crossed and gla
The Market Cap here is currently c.£1,78 m The NAV as at year end 31st March 2018 results - c.£ 4,96 m Am I reading that right ? ...seems pretty undervalued mid-long term... if so...
I think there is still some volatility ahead, during July and August. The tariffs row will I think continue and I am not convinced there will be an agreement during the summer. The tariff row signals inflation in the US..and likely a stronger dollar....which in turn would have a likely negative effect on oil, copper, zinc prices Higher interest rates would also be more expensive for VED debt repayments, The SP here can drop by more than the div on any day ...such as the volatility with VED. The SP is "cheap" looking over the long term but short term it is much dependent on factors outside of its control IMO DYOR
to get in...run up to Ex Div Date...19 July....should see SP go up aswell as get the Divi...similar to last year...all in my opinion...GL OF
Day today?