Vedanta Share Discussion Threads

[84stewart] 19/7/2018 09:35

There seems to be a bit of confusion here, you were always entitled to divi whether buyout or not companies like STANDARD LIFE were share holders about 5-6 years ago when price was around £19 so could possibly be sitting on a lose unless they bought and sold + volcan need their 7% to push this thru so no divi no deal ,buy today no divi imho, if u want no stamp duty try GLENCORE or even better RANDGOLD RESOURCES (RRS)
LOW price no debt £60 Barclays valuation £54 at moment very very slight risk.

[citytrader66] 19/7/2018 09:00

in for a few paid 7.686. i think support is at 7.68

i thought these were stamp duty free. nevermind 0.5% isn't much to pay.

[smurfy2001] 19/7/2018 08:56

Wow down 40p now.

Copper getting another knock down too.

[losses] 19/7/2018 08:54

Looks like you are right as the 20th is on the register date... so no divi for anyone buying today.

[archlight] 19/7/2018 08:49

Well spotted Sarah

thanks

[sarahbudd] 19/7/2018 08:36

and today is 19th July

[sarahbudd] 19/7/2018 08:36

"In addition to the Offer Price, Volcan has confirmed to the Independent Committee that Vedanta shareholders will also be entitled to receive the FY2018 Dividend due to be paid out in US dollars on 22 August 2018 to those shareholders on the Register of Members on 20 July 2018. The Total Offer Value in aggregate comprises 856 pence per share[3], and represents a premium of approximately 32.4 per cent to the closing price of 647 pence per Vedanta share on 29 June 2018"
from RNS 2nd July 2018.

[gargoyle2] 19/7/2018 08:23

It's ex dividend today. So if you buy today, you will buy ex (i.e. without) the dividend.

[losses] 19/7/2018 08:21

Looks like the big divi drop will be tomorrow.. just checked and ex-div is today.. so anyone buying today will get the div

[sarahbudd] 19/7/2018 08:16

well the details on the proposed buy out says those on the register on 20 July will get the dividend..I've added this morning too

[losses] 19/7/2018 08:13

Added at 780

[linton5] 19/7/2018 08:11

I’m hoovering over button losses

[losses] 19/7/2018 08:07

So anyone buying today will NOT get the divi??

[smurfy2001] 19/7/2018 08:01

Only down 21 on the open going to be interesting to see how this pans out rest of the month

[linton5] 18/7/2018 17:21

I’m buying tmmw if big drop for sure smurfy

[smurfy2001] 18/7/2018 16:43

Ex-dividend in the morning folks.

[smurfy2001] 18/7/2018 15:12

CHENNAI: VedantaNSE -3.05 % Resources has been meeting its clients’ requirement of refined copper through its plant in western India and through imports, after the Tamil Nadu government ordered a shutdown of its SterliteNSE 1.47 % smelter at Thoothukudi following police firing on locals seeking its closure on environmental grounds.

Read more at:
//economictimes.indiatimes.com/articleshow/65039878.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

[smurfy2001] 18/7/2018 15:11

Tamil Nadu to ask court to dismiss Vedanta plea to reopen copper smelter


Read more at:
//economictimes.indiatimes.com/articleshow/65036898.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

[84stewart] 18/7/2018 12:50

Having met Agarwal about 5-6 years ago at the Institute of Engineers for AGM I found him a tricky person good business man but devious side swiped questions especially from BIANCA JAGGER on human rights, no date on deal has yet been set, could be he is accumulating as much as he can as cheap as he can,STANDARD LIFE WILL VOTE ON DEAL that about 6-7%.

[gargoyle2] 18/7/2018 12:29

He would need 90% to be sure of taking VED private. 69% is a big stake, but it's not enough to guarantee it.

[84stewart] 17/7/2018 18:46

He does not have to up the offer volcan own 69% way past what they need to take VED private, there is no deadline date on the deal and they are buying in thru Barclays.

[gargoyle2] 17/7/2018 17:47

Agarwal is not offering anything yet. That's the point. It's only been described so far as a 'possible offer' with various caveats (subject to due diligence, etc.). There is nothing on the table. That's why the share price is dropping, due to concerns that nothing materializes. If the offer does come in, then the total value to anyone holding today is around 856p, meaning that today's price could be worth buying. But several shareholders have said that 825/856 undervalues the company -- the question is whether Agarwal ups the offer or just walks.

[linton5] 17/7/2018 17:14

No idea to be honest this is a different scenario just sit on your investment till deadline day on deal

[ashwani01] 17/7/2018 17:13

I don't think so because the market knows that Agarwal is offering 825 for the shares anyway.

[enewman36] 17/7/2018 16:48

My point/question was you will get 30p per share that you own on Thurs regardless as part of the usual div, but usually the share price drops by approx the ex-div amount, so if tomorrow's close was 800 do you think we will see the usual drop on ex-div day of 30p based on the offer for the company being 825?