Vedanta Share Discussion Threads

[smurfy2001] 03/8/2018 08:07

Just dumped a load @ 8.274446.

[smurfy2001] 03/8/2018 08:06

Why are we above?

[deans] 03/8/2018 07:09

Not wasting any time then!

[smurfy2001] 02/8/2018 11:10

Liquidated my CFD (bit of weight of my mind) just real shares i'm holding till the end. The interest charges for the month are silly along with the commission. Going to be thinking about whether l will do further CFD trading if the interest rate rises today.

@salver2 - was just going to write VED share price finally above KAZ ;)

[salver2] 02/8/2018 11:02

Oh well at least Vedanta got the last laugh over kaz!!

[technowiz] 31/7/2018 16:25

i'm out fully at 8.186, paid 7.686 on 19th July. only 482 shares but cost me only £6 to sell and from tomorrow its back to near £12 trading fee (new month).

[the original goldbug] 31/7/2018 15:14

If you are into value investing Deutsche Bank looks like an interesting risk reward at this juncture.

[the original goldbug] 31/7/2018 15:08

Well you’ve got 65% already. 5-7% from Luxembourg, Standard Life with 6-7%. That’s nearly 80%.

Then you need to assume that another 5%+ is in the hands of the arbs from the last month’s trading.

How much do they need to get it through 90%?

Given it’s already 85% it’s just too risky for remaining instos to vote against it.

Retail is probably 2% if that. You have to assume they have spoken to a few other large investors too.

I just don’t see how the vote can work against them...

[fforest] 31/7/2018 14:45

Original Goldbug, would you be kind enough to enlighten the apparent mugs out there like me how you already know there are enough on-side institutional shareholders to vote this through? It would be genuinely educative.

[smurfy2001] 31/7/2018 14:29

I'd love a higher offer even l know this is just unrealistic. It was always a known risk Agarwal would buy this out given it's under performance.

[the original goldbug] 31/7/2018 14:23

I’m afraid it’s a done deal chaps whether you protest or not.

Enough institutional shareholders will vote this through and also most of you are not aware but there are a large slug of non voting shares quoted on the Luxembourg exchange which account for an additional 7% or so.

A very different dynamic from Cairn which was almost entirely in the hands of ‘sensible̵7; institutional investors.

[trumpington] 31/7/2018 14:18

fforest I have to say I agree entirely this offer is far too low and I will be voting no. If he wants the changes proposed come back with a proper offer, if enough minority share holders vote no he has little choice but to put the price up. For what it's worth my meagre holding is over 50000 units and like you only registered to make this post. To integrate cairn oil the offer was eventually improved by Vedanta, diluting the value of all our holdings at the time by issuing additional shares. Why am I supposed to lose out every time??

[fforest] 31/7/2018 13:59

This is not a done deal. It is an offer - if you hold shares, you have a vote whether to accept it or not. That is why I posted. I will be appalled if institutional shareholders think this represents fair value. Based on the comments I read in the press when the possible offer was announced, several do not.

[the original goldbug] 31/7/2018 13:50

The London market could never gets it head around the complex balance sheet structure.

The humans rights record was also frankly appalling.

They also screwed up massively with the aluminium capex.

Despite all of that it should be worth £20 today and long term you could say £40 -60 possibly.

[smurfy2001] 31/7/2018 13:39

FForest,

There's always VEDL ADR if you want a long term hold.

I will be holding this one way or another for the long term.

Don't disagree on the offer price but it's always been held down IMHO, whilst other miners performed better despite the long term revenue/EPS potential.

My opinion is the weakness here was pretty much set in stone as soon as Agarwal made his initial investment in Anglo. It's as though a low ball buyout was engineered long ago. Again this is my opinion and no way implies anything else.

[mustau] 31/7/2018 13:28

Markets failed to correctly price, agarwal took advantage.
Done deal.

[fforest] 31/7/2018 13:18

I am a long term holder of this share. I have registered with ADVFN today just to post this message, for what it is worth: if you accept 825p for this share, you are an utter mug. It is pure theft. When I read the offer announcement this morning I thought it was 1089p, not cents. That would have been close to acceptable. I nearly choked when I realised he had had the hide to go ahead and offer 825p.

[smurfy2001] 31/7/2018 12:13

Good point about the BoE interest rate decision but i'd suggest we could go lower on the exchange rate given the Brexit uncertainty.

[technowiz] 31/7/2018 11:56

1.3164 is key support confluence. it tested 1.3027 october low last week. i think it could drop back down there again.. so i'm still holding onto VED. if 1.3164 breaks then 1.33 is likely. maybe if 1.32 is reached i'll think about selling VED.

[ashwani01] 31/7/2018 10:52

Just to avoid any confusion. I am still not selling regardless of what happens to the dollar just now.

[ashwani01] 31/7/2018 10:42

True. Possible. But that's not nice cos it gives you less sterling for the $10.89 on offer. Good reason to sell now. Doesn't look like the Fed is going to move the dollar regardless of Trump's pressure

[salver2] 31/7/2018 10:39

Not necessarily as that’s probably been factored in by the market

[84stewart] 31/7/2018 10:34

BOE SITS Thursday rate rise would push up $ rate