Vedanta Share Discussion Threads

[smurfy2001] 18/6/2018 15:55

Well could be their ticket to get back into the plant....

[losses] 18/6/2018 00:39

Minor leak observed at Vedanta's south Indian copper smelter - officialhttps://uk.finance.yahoo.com/news/minor-leak-observed-vedantas-south-indian-copper-smelter-203556252--finance.html

[mustau] 15/6/2018 11:25

Thanks smurf, I thought it was a temp shut, no choice with the staff, can’t realistically be relocated.

[smurfy2001] 15/6/2018 09:44

The Goa mine was reported some time back it's the firing of staff that's new. The closure was mentioned in the annual report. It was basically written off per exceptional items below.


Operational Highlights for FY2018
* Iron Ore: Expecting increase in company-wise mining
cap allocation in Karnataka in Q1 FY2019; Goa mining
operations shut due to state wide ban

Exceptional Items

The exceptional gains in Q4 was 2,869 crore mainly on account of reversal of previously recorded impairment of 7,016 crore at our Oil and Gas business following the progress on the key growth projects which are expected to result in enhanced recovery of resources; partially offset by impairment of Iron ore Goa assets of 2,329 crore due to suspension of mining operations from March 16, 2018 pursuant to Supreme Court Order dated February 7, 2018 and reclassification of FCTR relating to subsidiary investment companies under liquidation of 1,485 crore.

[mustau] 15/6/2018 09:34

If this continues, may see a break up of the company. Just hope it does not head the way of essr.

[scoble2] 15/6/2018 07:58

Now, Vedanta's Goa iron ore business in turmoil; 2,000 employees maybe laid off

[smurfy2001] 13/6/2018 15:44

Copper Buying by India to Quadruple on Vedanta Plant Closure



The Vedanta closure will cut the nation’s production of refined copper by 40 percent to 510,000 tons in the year through March, Care Ratings’ Jagasheth said, but with Hindalco supplying about 80 percent of that and so much slated for export, the amount available locally is a lot less. Still, there may be fewer exports as some metal is diverted to domestic users, she said.

[mustau] 13/6/2018 14:33

Concerted effort to attack the company, nothing really surprises bout India.

[linton5] 13/6/2018 07:55

Now have environmental protesters in odisha regarding alumina plant what next jeez

[smurfy2001] 11/6/2018 11:27

Vedanta acquires management control of Electrosteel Steels


Read more at:
//economictimes.indiatimes.com/articleshow/64540722.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

[sarahbudd] 10/6/2018 10:54

The Original...ex divi 19 July paid out 22 Aug

[linton5] 10/6/2018 09:18

Jp Morgan cut Vedanta to £10 Jp Morgan cut kaz to £9.70 (there amazing these guys gimme a job

[the original goldbug] 08/6/2018 21:40

What is the final dividend in July?

[smurfy2001] 08/6/2018 14:15

JPM Commodities Research predict a bullish outlook for commodities in 2018, due to accelerating and aligned global growth, US$ weakness and rising inflation. Our colleagues’ analysis across the last five US economic
cycles since 1960 concludes commodity prices typically move higher
during the last 20% of an expansion. Our colleagues expect above trend
global growth to stretch into 2019 and JPM FX Strategists expect DXY
to weaken ~2% to 92 by YE’18.

[fuji99] 08/6/2018 10:24

Rampant - It is because VED has more environmental issues than the others.
When BLT polluted a large region in Brazil, it got punished.
VED will move upwards and becomes less risky once the issues are settled.

[kulvinder] 06/6/2018 19:43

Only a matter of time....got to be £1.50 in it from this price as we work our way to x-divi date.

[rampant_bull] 06/6/2018 17:50

Unreal how this is getting left behind. Big rises all across the sector apart from here.

[jjhbev] 06/6/2018 14:48

Hi all

IMO a major problem/frustration here is the lack of high quality, internationally credible executive leadership.

It is a long time since Albanese left (and he probably mentally left well before he physically left) and since then we have seen some very poorly managed situations - specifically the suspensions re Iron in Goa & of course Tuticorin. In respect of the latter they were guiding for its reopening only a few weeks ago plus blathering on about its expansion. Additionally since the fatality at Gamsberg there has been no update (that I have seen). Where is the executive control and responsibility??? If you have watched any of the recent results presentations they are IMO downright embarrassing. Agarwal reads the script like he's never seen it before and is barely comprehensible - and then he follows it up with meandering comments about expanding this, that & other.

Given that VED has a complex structure and that analysts have repeatedly highlighted the debt at the plc level the new CEO needs to hit the ground running both in terms of getting to grips with his leadership team and also being able to communicate with the investement/financial community.

VED has a great mix of commodities and (notwithstanding my above comments)is achieving very good results in Zinc, Oil & Gas and (at current prices) Aluminium. The cash being generated from these operations is already very large and is growing. The share price should be way higher than its current level and hopefully the new CEO - who has a good pedigree - will deal with the sorts of concerns that I believe are to blame.

Good luck all

[mustau] 06/6/2018 10:26

...gap getting wider.

[rampant_bull] 05/6/2018 14:41

Used to be the other way round

[mustau] 05/6/2018 09:54

Amazing £3 between Kaz and this.

[smurfy2001] 03/6/2018 20:49

Vedanta’s other businesses to offset impact: Moody’s

Read more at:
//economictimes.indiatimes.com/articleshow/64423248.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

[loganair] 03/6/2018 20:46

smurfy - This is the first time I've had a look at this company and I very much appreciate being corrected by posters who have more knowledge of Vedanta then I do.