The P/E ratio of Vedanta is -9.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Vedanta said the offer price of 825 pence per share values the company at 2.324 billion pounds and is 27.6 per cent higher than Friday's closing price of 647 pence a share. Vedanta Resources plc will delist from the London Stock Exchange after promoter group made a cash offer to buy out about 33 per cent of the public shareholding in the company. Want to see which stocks are moving? MarketBeat just released five new trading ideas, but Vedanta wasn't one of them. "Vedanta confirms that the listing of Vedanta Shares on the Official List of the UK Listing Authority and the trading of Vedanta Shares on the main market for listed securities of the London Stock Exchange has been cancelled with effect from 8.00 am today [Monday]," Vedanta Resources said in a statement. 62.86% of the stock of Vedanta is held by insiders. It pays a dividend yield of 9.50%, putting its dividend yield in the top 25% of dividend-paying stocks. The company also operates a thermal coal- based commercial power facility of 600 megawatts (MW) at Jharsuguda in the State of Odisha in eastern India; a 300 MW thermal coal based power plant at Korba; 1,980 MW (three units of 660 MW each) thermal coal- based commercial power facilities; 274MW of wind power plants; and a power plant situated at Mettur Dam in the state of Tamil Nadu in southern India. Billionaire Anil Agarwal-led Vedanta Resources plc will delist from the London Stock Exchange after promoter group made a cash offer to buy out about 33% of the public shareholding in the company. Learn everything you need to know about successful options trading with this three-part video course. For example, will it be the exchange rate at the time of “compulsory purchase”, or that on 31 August or that back when the offer was made in July? Vedanta Limited operates as a diversified natural resources company in India. Free forex prices, toplists, indices and lots more. Vedanta has received 54.40% “underperform” votes from our community. You may vote once every thirty days. Vedanta has received 440 “outperform” votes. View all of VEDL's competitors. The interest charges for the month are silly along with the commission. View Vedanta's earnings history. Vedanta Resources plc is a London stock exchange listed [second investment tier FTSE 250] metals mining and processing company which operates mines, metal refineries and smelters through eight subsidiaries, mainly in India and Zambia, increasingly in … If the move was successful, Vedanta would make an application to delist its shares from the London Stock Exchange … hTtps://www.moneycon, Note: This is from Mid december but thought it was worth reading in case it was missed. Good news, investors! Vedanta had a positive return on equity of 8.14% and a negative net margin of 8.19%. Sterlite was the first company set up by Agarwal in India before he launched Vedanta Resources on the London Stock Exchange in 2003, which is now a multinational FTSE 250 company with operations across India and Africa. Again he used his holding in Vedanta as collateral in order to build his Anglo position. Volcan, the investment arm of Agarwal family, made an offer to buy public float at a price … Shares of Vedanta Resources were up 26% in early afternoon trading in London. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. @salver2 - was just going to write VED share price finally above KAZ ;), Might be wishful thinking but, if you add in the 31p drop from the dividend, the VED price is holding up ok against an offer around 825. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Vedanta Resources listed on London Stock Exchange in December 2003, raising just over 500 million pounds from a sale of shares at 390 pence. of the issued share capital of Vedanta Resources, as per the Offer Document as of 31 July 2018 (Page 57, Section 3.2, Paragraph (i) of the Offer Document). The other issue which makes me suspicious as to whether this deal is going to go ahead is that Agarwhal must be taking quite the short term bath at least in Anglo. For more information, please refer to Page 30, Section 2, Paragraph (a) of the Offer Document, which you can find in http://www.vedantare, Liquidated my CFD (bit of weight of my mind) just real shares i'm holding till the end. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. New Delhi: Billionaire Anil Agarwal-led Vedanta Resources plc will delist from the London Stock Exchange after promoter group made a cash offer to buyout about 33 percent of the public shareholding in the company. In relation to your query, I’m afraid the number of shareholders who have agreed to the Offer nor their percentage holding is publicly available. A meeting of the board of directors of the company will be held on March 13, to consider and approve first interim dividend on equity shares, if any, for the Financial Year 2017-18. Do Not Sell My Information. Learn about financial terms, types of investments, trading strategies and more. Anyway the drip, drip of the share price is not particularly encouraging. Agarwal reads the script like he's never seen it before and is barely comprehensible - and then he follows it up with meandering comments about expanding this, that & other. Stockholders of record on Friday, January 1st will be paid a dividend of $0.4946 per share on Friday, October 30th. Mining mogul Anil Agarwal plans to delist his flagship firm Vedanta Resources Plc from the London Stock Exchange after buying out 33.5 per cent of … Going to be thinking about whether l will do further CFD trading if the interest rate rises today. Vedanta Resources owns 50.1 percent of Vedanta and has near 65 percent holding in Hindustan Zinc. If you have watched any of the recent results presentations they are IMO downright embarrassing. With all conditions met, Vedanta will now apply to have its share delisted from the London Stock Exchange with effect on October 1. And their percentage holding? My valuation model shows that the intrinsic value for the stock is £33.12, but it is currently trading at £7.23 on the share market, meaning that there is still an opportunity to buy now. Vedanta Resources Plc delisted from the London market on Monday amidst strong accusations by protesters that the company was “fleeing” the stock exchange without being held accountable by the regulatory authorities for “corporate massacres” . A.Further to your query below, please note that the currency election is not available to any shareholders who might be subject to compulsory squeeze out arrangements (e.g. Shares of Vedanta Resources were up 26% in early afternoon trading in London. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. In terms of relative price strength - which takes into account the overall market trend - the Vedanta Resources price has moved by 11.77% over the past year. Vedanta Resources Plc (Vedanta) floated on the LSE with a global offer of ordinary shares of US$0.10 each at a price of 390p per ordinary share, generating net proceeds of £478 million and a market capitalisation of £1,115 million. Vedanta employs 80,000 workers across the globe. Vedanta trades on the New York Stock Exchange (NYSE) under the ticker symbol "VEDL.". It is also stated that Volcan will make an appropriate announcement in the business day or next following day on which the Offer is due to expire or becomes unconditional or is revised or extended. Vedanta announced a semi-annual dividend on Thursday, October 29th. The company explores for, develops, produces, processes, and sells oil and gas, zinc, lead, silver, copper, aluminum, iron ore, steel, and power. 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