Vedanta Share Discussion Threads

[smurfy2001] 10/4/2017 22:25

Further debt reduction.

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Vedanta Resources Plc (the "Company") today announces its election to redeem in cash all of its outstanding 9.5% bonds (ISIN: US92241TAD46 and USG9328DAD24; CUSIP: 92241TAD4 and G9328DAD2) maturing 18 July 2018 under condition 5(b) of the terms and conditions of the bonds. The Company has duly served a Notice of Redemption effective today in accordance with the terms and conditions of the bonds and the settlement is expected to occur on 4 May 2017.

Upon settlement, the Company will reduce its near-term gross debt by $379mm in face value, in-line with its stated strategy to deleverage and extend its average debt maturity.

Tom Albanese, CEO of Vedanta Resources plc commented "I am pleased with this proactive bond redemption, which is driven by our strategy to reduce debt and optimise the balance sheet of the group. The optimisation of balance sheet along with the ramp-ups at our operations will create value for all stakeholders."

[linton5] 05/4/2017 15:12

Silence is golden 🐒Catch the monkey by the tail

[linton5] 31/3/2017 11:39

Good find smurfy,I'm hoping Vedanta gives shareholders a bumper div as well in April as Vedanta limited and Hindustan zinc received crackers

[smurfy2001] 31/3/2017 11:17

Albanese “played a major role behind the cost cutting and cost optimization initiatives,” Goutam Chakraborthy, an analyst at Emkay Global Financial Services, said by phone from Mumbai. “The company is at a turnaround point and the commodities market is going to do better going forward.”

[fangorn2] 30/3/2017 18:39

Vedanta Has 30% To 40% Upside Potential




Of potential interest...just a lurker here myself.

[temmujin] 30/3/2017 18:13

bigdazzler...dont you realise production figures around 11th april will decimate your price target?

[lw425] 30/3/2017 16:10

Classic 'W' forming in the header chart.

Go long is the way.

Commodities on fire again 'UP'

[bigdazzler] 30/3/2017 15:55

I expecting this to drop between the 700p and 600p over the next few months ha based on TA.

If it does and then I see the turn back to bullish that will be my time to buy but not before.

[smurfy2001] 30/3/2017 15:53

CEO extension is good l guess why not renew for another 3 years?

@salver2 - dividend has always been generous that's why l loaded up in the ISA @535 some time back.

[salver2] 30/3/2017 15:13

So Vedanta indian arm has just paid as an interim dividend half a billion dollars - Vedanta resources has a market cap of about 2.7 billion dollars- so as an interim the diva it receives about 18 percent of its market cap - thus indicating this share is severely severely undervalued!!

[chester] 30/3/2017 13:45

It means it's a good risk/reward from here, using 763p as a decent stop.

[rampant_bull] 30/3/2017 09:36

What does that mean, onwards and upwards from here then?

[chester] 30/3/2017 09:11

Just noticed that VED bounced off it's major 38% Fib retrace at 763p on Monday. Taking the 2016 all time low ( 200p ) to the Feb 2017 High ( 1112p )


I've bought a few here. 810p

[linton5] 29/3/2017 14:19

Mr argwal not interested in Aal assets he says.mmm trying to understand this 13% investment.any thoughts anyone

[smurfy2001] 28/3/2017 20:36

4 Reasons Why Copper Prices Are Set To Spike

[topazfrenzy] 28/3/2017 19:59

the markets like what he's saying again, equities soaring in the US so far ... commodities too

[linton5] 28/3/2017 19:31

Mr trump keeping his promise on infrastructure anyway,jobs for miners especially coal and steel jobs.good stuff creating jobs for guys who thought the industry was killed by Obama

[temmujin] 28/3/2017 14:11

you'd think with gold,silver and copper now rising this would be flying...probably mms keeping it down ahead of production figures around 11th april

[linton5] 28/3/2017 14:10

Aye he'll need it to buy some off Aal when they sell some of there assets

[topazfrenzy] 28/3/2017 12:49

Wasn't the Cairn India merger meant to be a cash bonanza for Vedanta?

[smurfy2001] 28/3/2017 10:18

Indeed cracking yield and chunky dividend. In no hurry to sell my free holding of this stock.

Annual div (ADY) 40.27 GBX
Annual div yield (ADY) 4.97%

[linton5] 27/3/2017 19:29

over5%div now as well,that's what you call a healthy retrace. Some must be gutted they never sold over the tenner.mind you mr argwal buying Aal at £13

[temmujin] 27/3/2017 19:08

oh well copper rebounding so might be up tomoro...if it falls will buy more