Vedanta Share Discussion Threads

[smurfy2001] 11/8/2016 20:12

£10 still a target

[anony mous] 05/8/2016 09:01

That's more like it.6.00+ coming soon.

[elrico] 04/8/2016 22:05

sr2day - its a traders stock for sure. Good swings each day with an almost predictable upswing ahead of US open.

Good luck with yeah short.

[linton5] 01/8/2016 16:50

This drop today has been way overdone,I'm in tmmw first thing GLA

[sturmey] 01/8/2016 14:45

this must be a compelling buy. 600p initially!!

[sr2day] 01/8/2016 13:56

this must be a compelling short.500p initially.

[smurfy2001] 01/8/2016 11:55

Vedanta Resources today reported a 18% decline in profit before taxes and interest to $527.1 million (nearly Rs 3,439 crore) for the quarter ended June 30, on account of lower revenue.

The billionaire Anil Agarwal-led group had clocked an earnings before interest, taxes, depreciation, and amortisation (Ebitda) of $644.6 million in the first quarter of last fiscal.

Its revenue fell 21% to $2.34 billion in April-June quarter of the current fiscal, from $2.95 billion in the same quarter of 2015-16, the company said in a statement.

Vedanta Resources CEO Tom Albanese said: "We are focused on generating stronger free cash flow and de-levering balance sheet, in line with our strategic priorities. Another of these priorities, the simplification of the group structure, is also on track following the recent announcement of the revised and final terms for the Vedanta Ltd-Cairn India merger."

The Group has made good progress on the ramp up of capacities at aluminium, power and iron ore businesses during the quarter, he said.

"These would be significant contributors to earnings as the year progresses. Zinc India was impacted by lower mined metal production as per the mine plan, and the second half is expected to be substantially higher. We are making good progress towards optimising costs at Copper Zambia," he said.

Vedanta Resources' oil & gas segment reported a 45% drop in Ebitda at $119.2 million in Q1 2016-17 from $215.4 million in Q1 2015-16. Revenue fell by 32% to $281.5 million during the quarter from $413 million in the corresponding quarter of the last fiscal.

Zinc India business' operating profit declined 37% to $160.3 million in June quarter from $255.4 million in the year-ago period. Revenue dipped 35% to $364.8 million from $558.2 million.

Its Zinc International business, however posted a stagnant Ebitda at $37.4 million, while revenue was down by 51% to $67.7 million from $139.3 million in the year-ago quarter.

Vedanta Resources said the iron ore business posted an operating profit at $54 million in Q1 2016-17 from $3.4 million in Q1 2015-16. Revenue also shot up by 92% to $145 million compared to $75.6 million during the same period.

Copper India segment's Ebitda dropped by 20% to $65.7 million during April-June of this fiscal from $82.4 million in the same quarter in 2015-16. Revenue declined 21% to $695.5 million from $877.4 million during the reported quarter.

While is the case of Copper Zambia, the Ebitda dropped 38% to $3.7 million from $6 million, whereas, revenue declined to $194.8 million from $289.2 million a year-ago.

hxxp://www.business-standard.com/article/companies/vedanta-resources-q1-profit-before-taxes-falls-18-to-527-million-116080100665_1.html

[smurfy2001] 01/8/2016 11:53

Not great ..


Revenue(US$ million) 281.5 413.0 (32)%
EBITDA(US$ million) 119.2 215.4 (45)%


But debt going down...

-- Gross Debt for the Group reduced by c.US$ 0.3 billion during the quarter
-- FY 2017 bond maturities at Vedanta Plc paid; focused on future maturities
o Repaid US$ 680 million of 6.75% bonds due in June 2016 and US$ 515 million of 5.5% convertible bonds due in July 2016

[zcaprd7] 01/8/2016 11:43

I wish they could produce a set of legible results in plain English...

[linton5] 31/7/2016 20:01

Check out the goings on at Tsg end of last week,ufg asset management took Ashanti,s 20%shareholding so they now have 80% and a director bought 5million odd to take him to6%. There banking big on golds next leg up,share price should be 70p anyway it was that in 2010 when gold was 1380

[linton5] 31/7/2016 19:55

We're worth a lot more than that smurfy

[smurfy2001] 31/7/2016 19:41

ok ta, wish it were someone else buying vedanta for £10 or whatever

[anony mous] 31/7/2016 14:44

smurfyRead the link posted on the AAL thread by bigdave.

[smurfy2001] 31/7/2016 12:11

Sorry what are you talking about?

[linton5] 31/7/2016 09:02

Jeez oh anil leave Anglo alone don't complicate matters.vedanta is strong the way it is🤓

[smurfy2001] 28/7/2016 12:10

Vedanta Resources raises bid for Cairn India

[zcaprd7] 26/7/2016 21:25

Still quite perky, given the oil weakness...

[smurfy2001] 26/7/2016 16:41

Vedanta Resources Plc’s 2021 notes are set for their biggest gain in more than three months after its India-listed mining subsidiary sweetened the terms of a merger with Cairn India Ltd.

Vedanta Resources’s $900 million 8.25 percent bonds maturing 2021 bonds rose by 4.8 cents on Monday, set for the biggest increase since March 31. Its $1.2 billion 6 percent notes maturing 2019 gained by 2.4 cents, poised for the sharpest rise since June 20. There’s now a “markedly higher” prospect of Cairn India’s minority shareholders agreeing to the merger, MUFG Securities said in a research note on Monday.

[linton5] 22/7/2016 12:49

Fantastic news for all shareholders yeah,I'm waiting on a pullback to top here

[zcaprd7] 19/7/2016 08:26

Ahh, the bonds were due this year anyway, still, a good sign they are managing their cash...

[daybreakers] 14/7/2016 11:18

I'm still here.

Feel sorry for gkp holders.

[cumnor] 14/7/2016 10:19

Not bad. Paying down debt. A company that redeems $500ml on convertibles-just like that-after the biggest oil and gas and minerals rout in history-and still be standing must be in reasonable shape. Mrkt cap £1.5Bln, esp if and when developing world starts to pick up growth and infrastructure spending-will seem imo a tad cheap for what is one of the world's big miners and India's biggest.

[linton5] 13/7/2016 14:35

Check oot VLX techs look good on it