Vedanta Share Discussion Threads

[smurfy2001] 24/1/2017 15:04

New highs just lovely. News on Cairn would be nice.

[zcaprd7] 24/1/2017 11:21

Indeed, I have a bit of sellers remorse, it was a nice proxy for a Indian trust I'm now eying up?

[patience a virtue] 24/1/2017 11:18

Nice and quiet here, no more binladins etc. Long way to go yet, 2.8b market cap is still very low considering its high revenue and growth potential.

[zcaprd7] 17/1/2017 14:18

Nicely done...

[smurfy2001] 16/1/2017 16:33

That was a nice rise at the end of the day.

Taken the book value out at 1037.5 with profit standing around 94%.

Left with pure profit running in two positions, one at 411p and one at 535p (this is the one with ~94% profit retained).

I can relax and let these positions provide me a dividend as l look to exit higher up, not sure what price though but 250% on the 411p would be a nice first exit target.

Good luck to those holding.

[smurfy2001] 16/1/2017 11:57

Not sure if l should keep my limit order for 1050 in place i'll almost be %100 profit in another position to take the book value out.

Decisions decisions.

[smurfy2001] 12/1/2017 14:40

1004p hit :)

[smurfy2001] 12/1/2017 14:19

Almost there come on yer beauty 1050p is my next target

[salver2] 12/1/2017 12:21

This is despite the rises extremely undervalued

[patience a virtue] 12/1/2017 10:49

Where is binladin?

[ambitionco] 12/1/2017 10:31

This is going to be £13 by April.

[smurfy2001] 12/1/2017 09:57

Looks like we are hitting new highs. Could we see 1000p soon?

[zcaprd7] 20/12/2016 16:02

Sorry lads. I bailed today. Will probably regret it. But 30% gain plus dividends is needed elsewhere. I was heavily under water for a while...

[zcaprd7] 18/12/2016 17:29

New highs and beyond hopefully. Corporate action due in the new year, once that's out the way, we have the commodities cycle and the Indian economy themes to drive it forward. Always the possibility of a bid from argawhal as well...

[ifthecapfits] 15/12/2016 12:44

Where's this heading now?

[smurfy2001] 15/12/2016 10:57

Yeah got my dividend on time in my III a/c but not IWeb hmmmmmm

[ifthecapfits] 15/12/2016 10:52

Divi - paid - which is nice.

[smurfy2001] 14/12/2016 11:35

Dividend being paid tomorrow :)

The dividend will be paid out in US dollars on 15 December 2016 to those shareholders on the Register of Members on 18 November 2016

[smurfy2001] 11/12/2016 23:48

Copper price jump: China concentrate imports hit record
Frik Els | 3 days ago | 1,861 | 0
Copper price jump: China concentrate imports hit record
Chinese refiners are lining up for copper
The copper price hit an 18-month high on an intraday basis last week as global manufacturing activity continues to pick up and hopes about US president-elect Trump's $500 billion infrastructure plans lift sentiment.

Copper price jump: China concentrate imports hit recordWhile it's pulled back from those levels since, official customs data from China, responsible for some 45% of global consumption of the red metal, released on Thursday is seeing the metal turn positive again.

In overnight trade on Friday copper for delivery in March, the most active contract, was exchanging hands for $2.6575 per pound ($5,858 a tonne), up 1.2% from Thursdays close on the Comex market in New York.

While China's copper imports surged 31% to 380,000 tonnes in November compared to October, shipments were down 18% year on year. Concentrate imports however hit an all-time high last month of of 1.76 million tonnes. Year to date shipments are up 31% year on year at 15.4 million tonnes.

After vastly underperforming other metals and steelmaking raw materials in 2016, copper has been playing catch-up and is now up 37% from six-year lows hit mid-January this year.

[smurfy2001] 11/12/2016 23:45

Interview

Anil Agarwal, Chairman of Vedanta said that he wants to meet the country's growing demand and aims to produce 50 percent of India's oil needs.

Read more at:

[smurfy2001] 08/12/2016 14:06

God damn this just keeps rising.

Will Trump herald a US economic boom?

Then there is the prospect of a massive stimulus, featuring a huge expansion of badly needed infrastructure spending. (Trump will presumably bulldoze congressional opposition to higher deficits.) Ever since the 2008 financial crisis, economists across the political spectrum have argued for taking advantage of ultra-low interest rates to finance productive infrastructure investment, even at the cost of higher debt. High-return projects pay for themselves.