Vedanta Share Discussion Threads

[binladin] 25/1/2016 14:39

Should go to 200 p

[deanroberthunt] 25/1/2016 12:33

Zinc star on the wane

Another day, another disastrous session on global markets as the fear factor continues to rise. Panic over the state of the Chinese economy, not to mention the effect of monetary tightening in the US, continues to send stock prices and commodity prices through the floor, and there appears to be no immediate end in sight.

With a worsening demand outlook exacerbated by surging production levels across many commodity segments, I’m becoming increasingly bearish on the investment potential on mining and energy giants such as Vedanta Resources (LSE: VED).

Zinc prices, a market from which the company sources half of total earnings, remain in proximity to the six-year nadirs around $1,470 per tonne struck just a couple of weeks ago. And a cooling property market in China threatens to send metal values still lower, while fears over auto demand (not to mention sales of white goods) could also send zinc values toppling again.

And elsewhere a backdrop of sinking oil, copper and aluminium prices, which are also key markets for Vedanta, threatens to keep the bottom line on the back foot.

The company saw earnings slip 39% between April and September to $1.3bn, a result that forced Vedanta into binning the interim dividend. And I don’t expect the London-based business to crank its payout back into policy any time soon as further losses appear in the offing.

[shammytime] 25/1/2016 10:23

Here we go guys, could easily see 250+ within 24 hours

[shammytime] 25/1/2016 09:12

bin you're right. I've gone short. A trader is only as good as his last trade and ability to chenge direction like the wind...

[rubberbullets] 25/1/2016 08:58

binny

you might be right

[binladin] 25/1/2016 08:29

Oil down 3.5 percent this will go below 200 p today.. Imo

[temmujin] 22/1/2016 20:58

results on 29th

VED Vedanta Resources.



Oil has ‘definitely’ bottomed: Vedanta Resources
Katy Barnato
1 Hour Ago
CNBC.com

As crude oil prices rally back above $30 per barrel, the chairman of India's Vedanta Resources told CNBC that the only way for the commodity was up.
"Definitely we are at the bottom, but in India a lot more has to happen. The (new) Modi government has come and people have a lot of expectations. The sense of urgency has come," Anil Agarwal, the group chairman of the London-listed commodities giant told CNBC on Friday from the World Economic Forum in Davos, Switzerland.

Agarwal added that low prices were "hurting everybody," but that Vedanta was advantaged by being diversified across commodities including oil, copper, iron ore and aluminium.

U.S. light (WTI) crude futures rallied by around 4 percent early on Friday to trade above $30 a barrel, having plummeted to 2003 lows below $27 a barrel on Wednesday.
Oil prices have plummeted since mid-2014 by around 70 percent due to a worsening supply-demand gap. The U.S. and Iraq have increasedproduction, while the OPEC group of oil-producing countries has held supply. Meanwhile, demand growth for energy has slowed, largely due to the deceleration in the Chinese economy.

The International Energy Agency warned on Tuesday that continued oversupply would put extra strain on the market.

The rout in oil prices has hit commodity producers like Vedanta Resources hard. Its share price has declined by around 22 percent this year.

Vedanta's oil and gas operations comprise of the assets of Cairn India in India, Sri Lanka and South Africa.

Vedanta Resources has revenue of around $13 billion.

[market sniper3] 22/1/2016 14:23

shammy what going on on the 29th please?. Agreed drop is way overdone. But Ill be adding once DOW opens and is away. Think others are waiting to see aswel.

cheers

[shammytime] 22/1/2016 13:58

The drop is way overdone, you know that. Oil has bottomed. I will close my position before 29th at 300p.

[binladin] 22/1/2016 13:55

Isn't it common sense that the company will only make less than half the earnings and also even losses because of the fall in commodities.
This big boys will push companies like this to he wall and buy it for peanuts...wait till the oil price goes to 20 usd...

[binladin] 22/1/2016 13:54

Thanks I love you too.

[shammytime] 22/1/2016 13:47

binladin you're wrong you filthy scumbag. Watch this at 300-350 by close of play on 29th.

[binladin] 22/1/2016 13:40

Shorter will push this into freefall...this should be 60p the same price as all the other miners which have lost 80-90 percent of its value...

[temmujin] 22/1/2016 13:08

shammy...listen mate..i work for a living ,self employed working for peanuts because city boy shortin scum have screwed everyone out of their savings

[shammytime] 22/1/2016 12:58

temmujin - I sense you're attempting to be sarcastic. Your sort of attitude is what's wrong with this country these days. You're a lazy, unemployed oaf who has no discernible skills apart from mocking others.

I'm sure you predicted oil hitting record lows a couple of months. All hail the lazy oaf.

[temmujin] 22/1/2016 12:48

shammytime...any other good tips?

Kazakhmys - KAZ
shammytime - 27 Nov 2015 - 15:18:50 - 10866 of 10960
Yep, watch the santa rally carry this to 150

[shammytime] 22/1/2016 11:49

Double bottom was clear as day yesterday, been well and truly confirmed today. Pile in guys, it's Shammytime!!!

[market sniper3] 22/1/2016 11:46

Double bottom on the chart. Looking positive.

[market sniper3] 22/1/2016 11:46

Up and down today like my wifes knickers.

[shammytime] 22/1/2016 11:42

Indeed, update is due out on 29th Jan. This will be close to 400p by then

[binladin] 22/1/2016 11:20

lower earning on cairns will impact this and send it below 150 p

[binladin] 22/1/2016 11:03

Straight Down to 200 p when the party is over..

[market sniper3] 22/1/2016 09:35

VED Veanta

Well this broker was bullish on the stock ..........

08 Jan Haitong Securities Buy 227.05 703.00 351.00 Reiterates

SP Target 351p

[market sniper3] 22/1/2016 08:27

Should shoot up today.

[linton5] 22/1/2016 08:22

Yea seen that liquid good listen. I'm waiting on a pullback if it happens or Aal under 250. I'm a longtermer here anyway gla