Vedanta Share Discussion Threads

[losses] 25/7/2018 12:25

I have taken a gamble and believe they will get taken out so have added more... any verage now around 762

[losses] 25/7/2018 12:24

Looks to be the case as the share price is slowly going down each day

[losses] 25/7/2018 12:24

Presumably they still need votes to take it private??

[mmlakhani1] 25/7/2018 12:14

But how can that be when the majority owner wants to take it private?

[gargoyle2] 25/7/2018 12:13

Market clearly expecting no bid to materialize, imo

[rampant_bull] 25/7/2018 11:23

I don't really understand the price action here either?

[mmlakhani1] 25/7/2018 08:56

The price keeps going down but the offer was made by the CEO.. there doesn't appear to be anything to suggest the 825p offer won't happen? Any comments?

[losses] 24/7/2018 13:30

All miners flying except VED..Copper strikes will disrupt supplies.

[smurfy2001] 23/7/2018 19:31

Standard Chartered Bank has opened a credit line of Rs 3,500 crore for VedantaNSE 4.55 % to help finance the purchase of ElectrosteelNSE 1.02 %, the second biggest bad loans resolution under the Insolvency and Bankruptcy Code (IBC).

Read more at:
//economictimes.indiatimes.com/articleshow/65109674.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

[mmlakhani1] 23/7/2018 19:05

It's risky to buy now then... Not sure if I want to take the hit from the current price to 6ish....

[craig07] 23/7/2018 17:33

If you wait till the 30th and the offer is the same and recommended then it will gap up to 825, you won’t have a cat in hells chance of getting in.....

or if it’s non forthcoming then your in at 6 quid

[smurfy2001] 23/7/2018 17:23

mmlakhani1, wait till the 30th for further information they have to confirm an offer then.

[losses] 23/7/2018 16:48

Looks like some peeps are pessimistic that the offer of 825 will be made... otherwise the price would be around 825 now.

[mmlakhani1] 23/7/2018 16:14

Can anyone confirm the exact closing date? The price today is around 776 so if it is accepted at 825 then there is a premium of 49p?

[losses] 22/7/2018 14:21

Man group... are they shorting

[smurfy2001] 22/7/2018 13:23

Agree salver. I think some posters are lucky they bought at much cheaper prices.

[salver2] 22/7/2018 10:32

When you’ve got an ebitda of 4.5 billion that is less than 3percent - it is misunderstandings like this that has allowed agarwal to nobble this one on the cheap!

[84stewart] 22/7/2018 08:31

Talks a good talk but some things he said were the opposite to what is going on ,He shrugs off a £100 mln hit but that is a lot when commodity prices are low.

[smurfy2001] 21/7/2018 09:25

Noticed this RNS man group have 1% of shares.

hxxps://globenewswire.com/news-release/2018/07/20/1540050/0/en/Man-Group-PLC-Form-8-3-Vedanta-Resources-plc.html

[jonnyboy1] 20/7/2018 19:40

Not a man who lacks conviction. The deal is happening at either 825 or with a sweetner. Hoovering today from doubters.

[smurfy2001] 20/7/2018 13:55

Not long now...

"In accordance with Rule 2.6(a) of the Code, Volcan must, by no later than 5.00 p.m. (London time) on 30 July 2018, either announce a firm intention to make an offer, subject to conditions or pre-conditions if relevant, for Vedanta in accordance with Rule 2.7 of the Code, or announce that it does not intend to make an offer for Vedanta, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the UK Panel on Takeovers and Mergers (the "Panel") in accordance with Rule 2.6(c) of the Code."

[ashwani01] 20/7/2018 13:26

Whether he can do it/ afford it is another thing !