shugg1e
12 Jan 2017
Re: Sold half this morning True and the stronger dollar
Rhigos
12 Jan 2017
Re: Sold half this morning shugg1e,"Strange place to sell since its just broken resistance"Perhaps but you posted 7/12/2016 that you were out and chart you posted suggested at about 948. I got 966. Shares often go up after I sell but at least I still have 50% of my VED shares. I think oil price has a lot do with sharp rise today pushing SP above £10. If oil price falls SP will fall back IMO.From CSS: "Oil prices jumped more than $1 a barrel on news that key OPEC members were cutting production as promised and on forecasts of strong demand growth in China."
shugg1e
12 Jan 2017
Re: Sold half this morning Strange place to sell since its just broken resistance looks set to run to at least £12 now
Rhigos
12 Jan 2017
Sold half this morning Shortly after open a limit order I had placed to sell half my VED shares met at 966. Annoyingly for me SP has continued to rise and I should have placed a higher limit price. I doubled my share holding on 2 Mar 2015 buying at £6 so made 60.6% profit after dealing charges on that 2015 purchase but on average purchase price made a loss of £35.53% having bought near top over the period between 2008 and 2010. I was nervous about having over 4% by value of share portfolio in one company.At current oil price shale oil and gas in North America and Canada will once again be profitable. Similar story for offshore wells. This will put extra supply into market and oil price may well fall. Vedanta has had a very good run recently as have commodities in general. In large part this is due to falling value of pound, however I saw early this morning that the pound was up 0.54% against dollar so this mornings rise in SP not obvious.
vet one
21 Dec 2016
Re: im out I think we have a way to go yet looking at previous recoveries. Saying that I have sold 60,000 shares to top slice and bring my long term average back to £2.40 now. Looking at now trading with the rump looking to capitalise on the fluctuations in price. Once Cairn completes I can easily see VED moving to £15 a share as the financial threat will have nearly evaporated.
shugg1e
07 Dec 2016
im out Took my nice profits on this what goes up etc.....
shugg1e
07 Dec 2016
im out Took my nice profits on this what goes up etc.....
shugg1e
07 Dec 2016
im out Took my nice profits on this what goes up etc.....
Rhigos
06 Dec 2016
Recovering nicely On 2 Mar 2015 I posted a message:"Just done a brave/stupid/astute trade (time will show correct one) which doubles my holding in VED. Last Monday I was 76% down on my VED shares (bought near high in Feb 08) now I am 60% down on average price which is still bad but at least now I will benefit more from what I think is an inevitable recovery in SP."With benefit of hindsight, buy at 596.86 was badly timed, to my dismay SP fell below 210 at the start of 2016. That would have been the astute time to buy, however SP has shot up over 300% since then. Yesterday was 50% up on my 2/03/15 purchase price, so not stupid. I will settle for brave. My loss on average purchase price now down to 39.7% at yesterdays close. Following rise VED is my 5th out of 40 most valuable share holding. I think VED has more upside so holding for the moment.
Rhigos
10 Nov 2016
Re: Bankruptcy risk, Altman Z number sporty investor,On 5 Feb I posted at end of message "I think SP will double or more this year but I may be over optimistic because VED by far my biggest looser." since then to yesterdays close SP HAS more than doubled, a 220% rise. On today's results SP has risen around 14%. I only wish I had more conviction of my predictions and had had more in January when SP was 210p.I am still showing a loss of around 35% on average purchase cost. I doubled my VED in holding in March 2015 at £6 a share, in hindsight I bought about 10 months too early but anyone who buys at bottom and sells at top can also probably walk on water!VED results show negative eps but musts be better than market expected judging by rise in SP. Increase in commodity prices will have a huge affect going forward on VED's SP due to high gearing. Not had time to go through results yet.
One more punt
10 Nov 2016
Big rise just on a Broker's note? I had sold 2/3 my holding 2 days ago after a good steady rise and was annoyed to see the good rise today. When I realised it seems to be on a Brokers Note I thought it will not be sustained then as such notes are notorious for just pumping.It's about time the "ores drawers came down again!
LINTON5
05 Aug 2016
Statement Nice read from the chairman future looks bright I've held through the tough times so hopefully I can hold till the good times. GLA longtermers 🙏🏽it's not been easy but it's never meant to be
Hawk Eye32
01 Aug 2016
Re: EH EH, I agree we have enough problems with Ved Anglo. Would create a whole lot more, I'm losing money on these at on present contract. But over all am breaking even should have left alone when making profit.
shugg1e
01 Aug 2016
Good update Looks like classic sell the news
LINTON5
31 Jul 2016
EH Vedanta showing interest in Anglo America personally don't fancy a tie up,we should just stay the way we are. No more baggage please
