meisterx
04 May 2017
Re: Yielding near 6% now Now yielding over 6% after the merger!
shugg1e
02 May 2017
Re: Yielding near 6% now i have 575-600p as the floor if it gets there depends on commodities i guessI have a buy order in to double up at 578p
meisterx
02 May 2017
Re: Yielding near 6% now Crazy how far this has been knocked back.
Rhigos
28 Apr 2017
Re: Negative equity shuggle1e,I owned Vedanta Resources since 03 Jan 2006 and have been doing my own research on them before that. I also used to have shares in Cairn Energy who made a killing with their Indian operations.I made a profit of 52.5% on my peak investment in Cairn Energy shares by the time I sold out on 22 Feb 2012[link] I understand Cairn Energy still has a 10% stake in Cairn India.[link] bought VED when it was primarily a copper miner. At the time I was impressed with their investment in electricity generation as mining uses a lot and local supplies unreliable. VED getting into oil also seemed like a smart move when they bought into Cairn India. It was a good hedge against energy costs which of course are are a major expense for a mining company. The collapse in oil price and metal prices was a huge blow to VED. They were were very highly geared. In fact they had to have the most eye watering right down I've ever seen. At its peak on 6/4/2010 corrected SP was 2934. At low on 25/01/2016 SP was 92.9% down and future of VED was not assured. Now they look like they could recover.I'm glad I sold 1/2 my VED in Jan this year at 966p and in hindsight should have sold the lot as could now have bought them back 30% cheaper if I wanted to.
shugg1e
28 Apr 2017
Re: Negative equity Project fearReminds me of brexit Ps the clue is in the name Vedanta resources not Vedanta oilI suggest you DYOR on the company
Rhigos
28 Apr 2017
Negative equity The fundamentals for VED are really scary. Negative equity so they have borrowings that exceed the companies assets. The foretasted dividend yield is 3.1% which will ignore special dividends. For their FY 2016 they got back £984 in tax. The SP of VED is all based on future prospects. ROE 806% (3 year average 60.3%).I am very nervous about future price of oil. It is well known that at current oil price a lot of shale oil and that from fracking is profitable which may well lead to oversupply. If oil price continues to fall VED, PMO and TLW's SP will suffer acutely It all depends on traditional oil producers reducing their production output levels..
shugg1e
27 Apr 2017
Re: Yielding near 6% now yes its forecast to be 34p this year so on a share currently 6.66p thats a cracking yield just under 6%seems to be tracking oil but the trend points to 576p
meisterx
27 Apr 2017
Yielding near 6% now Astonishing value here. Now that the merger is completed the stock price seems to be going in line with oil. I'm adding these as they go lower to take advantage of the cracking dividend.Annual div (ADY) 40.27 GBXAnnual div yield (ADY) 5.60%[link]
vet one
19 Apr 2017
Re: WOW I am back in big time as well but jumped back in with the update at £8.30 so now nursing big losses short term but made very good money on trading them last year. Near enough everything is looking positive including use of the special dividend to cut debt instead of paying on additional dividends. Political turmoil is causing gyrations that are abnormal. Have now built up again to represent around 15% of total investments after exiting briefly end of last year. All miners are being battered at he moment. Picked up 65K shares in Glencore this morning at £2.976 as well that should see a quick return.
LINTON5
11 Apr 2017
WOW Fantastic update what else can you say,I'm in if she drops bigtime
Rhigos
27 Mar 2017
Re: Sold half this morning Glad now sold 1/2 at £9.66 on 12 Jan, as now -20% on that price, though wish I had waited until peak of over £11. Selling at high and buying at low requires a lot of luck.
Rhigos
01 Mar 2017
Re: drop le nushie,Very risky margin trading VED as very volatile and SP influenced by so many factors. Since it bought Cairn India it behaves somewhat like an energy company influenced by oil price and dollar strength but also by ore prices. Its high gearing amplify volatility. Better IMO to be a long investor. SP up over 200% in the last 12 months. Recently SP from 13/02/17 to yesterday fell 21.8%. SP due, IMO, to go back up to trend which would be around £11.
le nushie
27 Feb 2017
Re: drop I bought at £13.00 & watched it drop to £3.00 & then to over £11.00 I sold t £10.50 still on a 20% loss which I will make up other shares this is not so good at trading in & out quickley as XTA used to bei still think it s a solid share, however, but now more so the case the buying & selling needs to be pitched correctly & if you get it wrong be prepared to wait
sjt55
27 Feb 2017
Re: drop Unfortunately this share is a bit of a basket case. I started following it (but fortunately didn't buy) when it was in the £26/27 range, from where it dropped steadily to below £3. Then it reversed and climbed to over £11 during the last year, but now appears to have fallen off a cliff again. It all depends on how long you are prepared to hold. The intraday swings can be enormous and if you can buy on the lows and sell on the highs you might do alright, but it wouldn't surprise me if someone with a large number of shares sells some of them to depress the price and then buys back in, on the cheap.
le nushie
27 Feb 2017
drop the drop from 11.10 to today represents a near 30% straight dropno real reason for this - i was of the view that this would hover to £14-15 any tanguble reasons for the drop i think the drops may present further buying opps any thought
