Vedanta Share Discussion Threads

[mustau] 15/9/2017 19:13

Was tempted to add this am but held off.

[linton5] 15/9/2017 15:35

It's teasing you at 8 only a matter of time mustau,down periscope

[mustau] 15/9/2017 14:32

With the div by this, under 6 would see a stampede.

[topazfrenzy] 15/9/2017 12:00

This could go under £6 very fast so one for the watchlist only at this stage

[mustau] 15/9/2017 08:17

Under 8 today, waiting to add also.

[linton5] 15/9/2017 08:04

I'm waiting patiently,looks like next week for it. Have a good weekend lads n lassies

[mustau] 13/9/2017 15:49

Did add a few the other day (bad move). Next top around 7.80 which now looks very likely.

[linton5] 13/9/2017 15:45

I will wait till it goes under £8 which is mega bargain territory

[mustau] 13/9/2017 15:22

Head strong top up on dips.

[linton5] 13/9/2017 13:47

Of you go then topa

[topazfrenzy] 13/9/2017 13:14

Get out before the slaughter here

[mustau] 11/9/2017 09:12

Looking better, hopefully in the 9 soon.

[fangorn2] 09/9/2017 23:03

I see Slappy has spammed this across at least 15 boards..

[happyholder123] 09/9/2017 10:33

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[linton5] 08/9/2017 16:18

Me2 mustau come to daddy

[malcolmmm] 08/9/2017 15:16

Will wait awhile before buying back they are well undervalued , great dividend as well.

[mustau] 08/9/2017 12:20

Added a few more only to see it drop, so bloody volatile.

[smurfy2001] 08/9/2017 11:49

Still hold not selling

[mustau] 08/9/2017 10:53

Has all sold and left?
Stuck in a range, but Still short by a billion on Kaz, either Kaz will drop or this heads higher, undervalued.

[smurfy2001] 05/9/2017 17:42

Cracking day

[smurfy2001] 05/9/2017 15:26

Should be 1200p already.

[mustau] 05/9/2017 15:20

Should be above 10 already, way undervalued.

[volsung] 05/9/2017 14:41

1000p here we come!

[smurfy2001] 01/9/2017 20:51

New Delhi: Metals and mining conglomerate Vedanta Resources has plans to invest around Rs. 50,000 crore on business expansion in India in coming years, its Chairman Anil Agarwal said today.

He also expressed hope that the retrospective taxation issue between Cairn Plc and the government would soon be sorted out.

"I have promised the government that the group will invest Rs. 40,000-50,000 crore. My shareholders and my banks abroad would be very pleased with my plan," Agarwal said.

He further said that this decade will belong to India and it is the best time to invest here.

On the retrospective taxation row, Agarwal said, "The kind of image that India has all over the world, the retrospective tax is one small thing which has to be sorted out...There is a case between the government and Cairn Plc. I highly recommend both parties to sit down and sort out this issue."

The retrospective legislation was used to levy a principal tax liability of Rs. 10,247 crore on the UK-based Cairn Energy Plc. That matter too is before an international arbitration panel.

Highlighting some of the reform measures taken by the government, Agarwal said bankruptcy law and Goods and Services Tax (GST) will help improve the business environment and attract global investors.

Vedanta is a major player in India's Zinc Industry, primary Aluminium market, and refined copper with market shares of 72 per cent, 40 per cent and 35 per cent respectively.

Also, it is India's largest private sector Iron Ore exporter and operator of 26 per cent of India's crude oil production through Cairn India.

Meanwhile, the Income-Tax Department has seized USD 104 million dividend due to Cairn Energy Plc from the remaining stake in the erstwhile subsidiary Cairn India (now called Vedanta Ltd). The department has already adjusted Rs. 1,500 crore of tax refund that was due to Cairn Energy, against the principal amount.

"The government already has holding shares about Rs. 6,000-7,000 crore and something should be done to settle the issue. Those shares were of Cairn Plc," he had said.

Vedanta Resources recently merged Cairn India with group company Vedanta Ltd.