Vedanta Share Discussion Threads

[temmujin] 26/7/2017 12:58

picking up speed now..this juggernaut could be hard to stop

[temmujin] 26/7/2017 10:17

its moving now..i'm holding for 2000p...trust me will happen quicker than you think

[linton5] 26/7/2017 08:20

Copper breaks out Anto,Kaz fly. Zinc broke out a while ago Ved dull,market men are @@@@@@@@

[mustau] 26/7/2017 08:13

Truly disappointing, expected a lot more today.

[mustau] 26/7/2017 08:08

From what I've read no more than 10% but they are looking to invest heavily in the nxt 5 years.

[linton5] 26/7/2017 08:06

What percentage of copper is in Vedantas portfolio.

[mustau] 26/7/2017 07:53

Resources and Ltd, one day I'll get it right. Not a bad read this am.

[temmujin] 25/7/2017 17:14

just a little patience required..it will fly soon when you least expect it...a tip and good write up in a paper tomoro might ignite it

[smurfy2001] 25/7/2017 17:10

VED use to be valued higher than KAZ. VED is 1.91bn cap vs KAZ 2.83bn.

What a shambles.

[rampant_bull] 25/7/2017 16:51

Kaz up 9% today, this used to be the leader between the two. The oil merger looks to be holding this back

[temmujin] 25/7/2017 16:44

griffin mining doing well...alot of zinc...thats why i reckon VAST is a good bet at £15m market cap...loads of zinc and copper and it 7 bagged a few months back only to fall back to a 2 bagger at 0.32p..results this week

[mustau] 25/7/2017 15:31

Fxpo has more than ten bagged from it low, this I hope as a late arrival will take over the party.

[linton5] 25/7/2017 15:25

Wow Freeport (fcx) up 10% in USA

[linton5] 25/7/2017 14:55

Kaz has 10bagged now from lows. Ved 3.5bagged fxpo 10 also 🐜

[smurfy2001] 25/7/2017 14:37

KAZ will catch up soon, it's just rocketing.

[mustau] 25/7/2017 14:15

Well that was a day early and as usual lagging.

[temmujin] 25/7/2017 14:10

kaz flying...will ved?

[temmujin] 25/7/2017 13:23

THE CROOKS need to close their shorts first

[linton5] 25/7/2017 12:39

Fantastic update again from VED but always lagging the other miners 🐒 Go get it

[temmujin] 25/7/2017 12:08

but strong results

Vedanta Resources plc

Vedanta Limited announces Q1 FY2018 Results
---------------------------------------------------------------------------------------------------------------------
Vedanta Resources plc's subsidiary Vedanta Limited today announced results for the first quarter ended 30 June 2017.

Consolidated Results for the first Quarter
ended 30 June 2017



Vedanta continues to execute on growth



Q1 PAT more than doubles y-o-y to Rs 1,525 crore

Q1 EBITDA up 40% y-o-y to Rs 4,965 crore



Mumbai, India: Vedanta Limited today announced its unaudited consolidated results for the first quarter (Q1) ended 30 Jun 2017.

Financial Highlights
· Solid financial performance
o Attributable PAT more than doubles y-o-y to Rs 1,525 crore
o Revenues of Rs 18,203 crore up 27% y-o-y
o EBITDA of Rs. 4,965 crore at robust margin1 of 36%
o Achieved cost savings of $856 million over last 9 quarters
· Strong Balance Sheet
o Gross Debt2 reduced by c. Rs 9,000 crore in the last 4 months
o Net Debt/EBITDA at 0.8x - among the lowest across Indian and global peers
o Strong financial position with total cash and liquid investments of Rs 48,318 crore
Operational Highlights
· Oil & Gas: Continued strong contribution from Mangala EOR; improved costs despite higher EOR production

· Zinc India: Higher zinc-lead and silver volumes
o Mined metal production at 233 kt, 84% up y-o-y
o Integrated silver production 30% up y-o-y
· Aluminium: Exit production run-rate of 1.4mtpa
· Zinc International: Gamsberg project on track for mid-CY 2018 production

· TSPL: Plant restarted in end June and running at availability of above 90%

1. Excludes custom smelting at Copper India and Zinc India operations
2. Excluding change in Zinc India temporary borrowings from Rs 7,908 crore in Q4 FY 2017 to Rs 6,959 crore and Preference shares
of Rs 3,010 crore issued pursuant to Cairn merger


Mr. Tom Albanese, Chief Executive Officer, Vedanta Ltd, said: "We have started the year on a positive note, with our Net Profit for Q1 doubling over last year. Our Zinc and Oil & Gas businesses have delivered a strong quarter. Vedanta is a world leader in Zinc, and Zinc prices have strengthened since the quarter end on continued global supply deficits. Our continued ramp-up in the Aluminium business has helped us exit the quarter on a strong production run rate of 1.4 mtpa. We are realizing the true benefits of Vedanta's diversified portfolio."

[smurfy2001] 25/7/2017 10:52

Terrible performance

[temmujin] 25/7/2017 07:36

ftse up 35..should be blue

[mustau] 25/7/2017 07:33

Let's see, usually no impact here unfortunately.

[temmujin] 25/7/2017 03:57

wow! copper 277 !