Vedanta Share Discussion Threads

[linton5] 21/4/2017 12:46

He said he had no interest on that angle but would help them sell diamonds in India, dosnt make sense

[smurfy2001] 21/4/2017 12:37

Wonder if he's attempting to buy AAL hence the price here has taken a knock?

[temmujin] 20/4/2017 23:01

didnt even see the rns until just...didnt show up on lse

[temmujin] 20/4/2017 16:43

glencore up,kaz up...ved to follow like day follows night

[technowiz] 20/4/2017 16:11

no the RNS today was fire at a division's plant.

[temmujin] 20/4/2017 15:23

just been told goldman sachs gone long vedanta...might cause a spike

[smurfy2001] 20/4/2017 15:18

Nope not seen any RNS of 'insiders' selling. Did someone at the pub tell you this?

[technowiz] 20/4/2017 15:10

did you see the RNS today? maybe insiders been selling stock all week. hopefully its overdone and we can rise from here.

[smurfy2001] 20/4/2017 15:03

LW425, can you post a source about the quarterly review?

[linton5] 20/4/2017 15:01

Why ved getting hammered the most,that's wats bugging me. Are we mining North Korea's uranium or summin 😳

[the original goldbug] 20/4/2017 14:22

What a wonderfully nonchalant and passive aggressive comment from voslung.

As though any one cares...

[volsung] 20/4/2017 11:26

Maybe pickup some for a fiver

[cumnor] 20/4/2017 11:03

Thanks Smurfy.

[lw425] 20/4/2017 10:50

So this will now enter the FTSE 100 at next quarterly review?

I imagine that must attract the tracker funds?

[topazfrenzy] 20/4/2017 10:44

Hoping for £4-£5 to buy back in here ... maybe less?

[smurfy2001] 20/4/2017 10:42

Dividend information here.

[cumnor] 20/4/2017 09:59

Anyone know about dividends for this year-hard to find straight info in pence? Must be starting to look interesting even from that point of view alone? Whatever the share price action-and it could fall to £5 which would be great-this is looking way more secure than a year ago unless nuclear Armageddon strikes, and it could, in which case FTSE 1000 beckons?

[mike24] 20/4/2017 09:58

@7quid put a few in the kids pension pot

[smurfy2001] 19/4/2017 18:04

NEW DELHI: Mining mogul Anil Agarwal's Vedanta Ltd will get access to USD 4 billion of cash and another about USD 700 million a year following the merger with Cairn IndiaBSE 1.54 %, supporting repaying of USD 9 billion debt, S&P Global Ratings said today.

S&P said its rating on the UK-listed Vedanta Resources is not immediately affected by the merger of the company's subsidiary Vedanta Ltd with Cairn India LtdBSE 1.54 %.

"In our view, the merger will improve the cash flow fungibility within Vedanta Ltd by simplifying the group structure to some extent. However, it will not change Vedanta Resources' financial metrics nor will it materially improve cash flow fungibility between Vedanta Ltd and the holding company Vedanta Resources," it said in a statement.

Vedanta Ltd, S&P said, will benefit from improved cash flow fungibility, given its high debt and significant short- term borrowings.

"Vedanta Ltd would get access to about USD 4 billion of cash at Cairn India and its free operating cash flows, which we estimate to be about USD 700 million annually. This should support Vedanta Ltd's ability to service its debt of about USD 9 billion, including short-term debt, current maturities of long-term debt, and interest bearing payables of about USD 4 billion," S&P said.

The rating agency said it awaits clarity on Vedanta Resources' plan for the use of Cairn India's cash that will be available to Vedanta Ltd.

"We expect Vedanta Resources to remain exposed to cash flow leakage, despite the merger. This is because minority shareholders will have a 49.9 per cent stake in Vedanta Ltd after the merger," the statement said.

Also, a dividend distribution could result in an additional about 20 per cent leakage from dividend distribution tax.

In our view, the merger -- by itself -- will not materially affect the financial ratios that we assess on a proportionally consolidated basis. We expect the ratio of funds from operations to debt to remain at about 10 per cent for the fiscal year ending March 31, 2018," S&P said.

Vedanta would also benefit from the government policy extending license for certain oil fields by 10 years including that of Cairn's Rajasthan block.

"We believe this will be favourable to Vedanta Resources' business because it allows Cairn India to extend the product sharing contract by 10 years beyond 2020 and plan for future investments that can improve production and reserves," S&P said.

[linton5] 19/4/2017 07:33

Blue today chaps get in first thing anyone wanting some coppers

[bigdazzler] 18/4/2017 16:24

30 Mar '17 - 15:55 - 7902 of 7960 0 0 Edit
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.



I did say.