The company was incorporated in 1965 and is based in Mumbai, India. Learn more. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Do Not Sell My Information. MarketBeat just released five new trading ideas, but Vedanta wasn't one of them. hTTps://simplywall.s. Vote “Underperform” if you believe VEDL will underperform the S&P 500 over the long term. The basic materials company had revenue of $2.80 billion for the quarter. It pays a dividend yield of 9.50%, putting its dividend yield in the top 25% of dividend-paying stocks. IMO a major problem/frustration here is the lack of high quality, internationally credible executive leadership. Went as high as 170.70 in the last three months (quarter) There is not enough analysis data for Vedanta. Again he used his holding in Vedanta as collateral in order to build his Anglo position. See what's happening in the market right now with MarketBeat's real-time news feed. Please log in to your account or sign up in order to add this asset to your watchlist. Wall Street analysts have given Vedanta a "Buy" rating, but there may be better short-term opportunities in the market. Volcan Investments stated that they hold 187,488,102 Vedanta Shares, representing approximately 66.52 per cent. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Going to be thinking about whether l will do further CFD trading if the interest rate rises today. Vedanta, which owns copper, aluminum, iron ore, oil and steel businesses, was the first Indian firm to list on London Stock Exchange in 2003. Vedanta Limited operates as a diversified natural resources company in India. Hi all Vedanta Resources owns 50.1 percent of Vedanta and has near 65 percent holding in Hindustan Zinc. Agarwal's Volcan Investments, which currently holds 66.53 per cent of Vedanta, made a cash offer for 825 pence a share. Is Vedanta a buy right now? Terms & Conditions, Real-Time news about Vedanta (London Stock Exchange): 0 recent articles, Responses from VED investor relations and Volcan - "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. 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). View which stocks have been most impacted by COVID-19. Learn about financial terms, types of investments, trading strategies and more. Vedanta does not have a long track record of dividend growth. 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. It also owns … View our earnings forecast for Vedanta. Anyway the drip, drip of the share price is not particularly encouraging. It has lately been facing environmental pressure on … Export data to Excel for your own analysis. Vedanta has a P/B Ratio of 0.97. 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. Someone please tell me if I am off the mark here, share price usually drops on ex-div days based on the price per share being offered, therefore, with a 30p divi this Thurs and an offer on the table @825, am I right in thinking that this share price will either not drop by 30p or if it does it should recover pretty quickly given the offer on the table, either way is it not free money? Get daily stock ideas top-performing Wall Street analysts. The official website for Vedanta is www.vedantalimited.com. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. View analyst ratings for Vedanta or view MarketBeat's top 5 stock picks. Market data dashboard - Get the latest stock market news, stock information and charts, data analysis reports, as well as a general overview of the market landscape from London Stock Exchange… Since then, VEDL stock has increased by 96.0% and is now trading at $9.43. 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. This represents a dividend yield of 12.3%. The basic materials company reported $0.12 earnings per share for the quarter. ), Vedanta has received 525 “underperform” votes. Vedanta announced a semi-annual dividend on Thursday, October 29th. 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. MarketBeat's community ratings are surveys of what our community members think about Vedanta and other stocks. It is a long time since Albanese left (and he probably mentally left well before he physically left) and since then we have seen some very poorly managed situations - specifically the suspensions re Iron in Goa & of course Tuticorin. 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” . … 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. The share price increased 34 percent in the last 9 months. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Want to see which stocks are moving? Shares of Vedanta Resources were up 26% in early afternoon trading in London. Vedanta has a market capitalization of $8.76 billion and generates $11.52 billion in revenue each year. Given that VED has a complex structure and that analysts have repeatedly highlighted the debt at the plc level the new CEO needs to hit the ground running both in terms of getting to grips with his leadership team and also being able to communicate with the investement/financia, Vedanta rises 2% as board to consider interim dividend VEDL Vedanta current prices: Vedanta share price opened at: 161.80 Vedanta share price closed at: 160.40 Vedanta share price made a High of: 162.35 Vedanta share price made a low of: 160.00 52 week High: 170.70 52 week Low: 60.20 VEDL is trading in the upper range of yearly prices. The move comes weeks after the killing of 13 protesters in police firing at the firm's copper smelter plant in Tamil Nadu last month that led to polit.. Learn more. Vedanta's mailing address is 1st Floor C wing Unit 103 Corporate Avenue Atul Projects Chakala Andheri East, Mumbai K7, 400 093. shareholders who do not accept the offer), and all such shareholders shall be paid USD consideration by cheque issued by Computershare. VEDL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Vedanta had a positive return on equity of 8.14% and a negative net margin of 8.19%. Vedanta had on July 2 announced Agarwal's plans to delist the company. hTtp://www.cityam.co. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. 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. Vedanta is a leading dividend payer. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. There are currently 1 hold rating and 1 buy rating for the stock. If you have watched any of the recent results presentations they are IMO downright embarrassing. (Add your “outperform” vote. Q.Is there publicly available collated company information on which institution shareholders have agreed to the offer? 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 … 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. 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Such announcement will state prominently the total numbers of Vedanta Shares which Volcan Investments may count towards the satisfaction of the Acceptance Condition and will specify the percentages of each class of securities represented by these figures. Good news, investors! Vedanta has previously denied that the smelter has been responsible for air and water pollution. (Add your “underperform” vote.). The basic materials company can be reached via phone at 91-22-6643-4500 or via email at [email protected]. Vedanta's stock was trading at $4.81 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). 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. The ex-dividend date is Friday, October 30th. A high percentage of insider ownership can be a sign of company health. 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 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 … Additionally since the fatality at Gamsberg there has been no update (that I have seen). View Vedanta's dividend history. Is The Coca-Cola Company (NYSE:KO) Losing Its Fizz? Vedanta is scheduled to release its next quarterly earnings announcement on Tuesday, February 2nd 2021. To see all exchange delays and terms of use please see disclaimer. Where is Jack Ma, China's e-commerce pioneer? With all conditions met, Vedanta will now apply to have its share delisted from the London Stock Exchange with effect on October 1. If Vedanta was BHP Billiton the share price would be double where it is to day, in other words I'm am saying that the current share price is so low due to poor governance of the company. View which stocks have been most impacted by COVID-19. © American Consumer News, LLC dba MarketBeat® 2010-2021. In the past three months, Vedanta insiders have not sold or bought any company stock. Vedanta trades on the New York Stock Exchange (NYSE) under the ticker symbol "VEDL.". Search for stocks and share prices, company fundamentals, news and trading information for all instruments traded on the London Stock Exchange's markets via Company, Code, ISIN, Carket, Instrument type, Sector and Admission date Vedanta share price data is direct from the London Stock Exchange. Vedanta’s chair Anil Agarwal owns nearly 20 per cent of Anglo’s shares through a family trust, Volcan Investments. It also has operations in South Africa, Namibia, Ireland, Australia, Liberia, and the United Arab Emirates. In addition, it manufactures and supplies billets, TMT bars, wire rods, and ductile iron pipes; engages in the mechanization of coal handling facilities and upgradation of general cargo berth for handling coal at the outer harbour of Visakhapatnam Port on the east coast of India; and provides logistics and other allied services inter alia rendering stevedoring, and other allied services in ports and other allied sectors. Denies link with Tuticorin protests, Anil Agarwal to delist Vedanta from London Stock Exchange The company said in a filing that Agarwal’s Volcan Investments, which currently holds 66.53 per cent of Vedanta, has made a cash offer for 825 pence a share, a 14 per cent premium to the company’s three-month weighted average price. Shares of Vedanta Resources were up 26% in early afternoon trading in London. In respect of the latter they were guiding for its reopening only a few weeks ago plus blathering on about its expansion. Vedanta pays an annual dividend of $0.87 per share and currently has a dividend yield of 9.50%. This is based on its high beta, which is a good indicator for how much the stock moves relative to the rest of the market. Shares in FTSE 100-listed miner Anglo American have spiked today after reports linking it to a $7bn (£5.3bn) deal with Vedanta Resources. A. Vedanta Resources listed on London Stock Exchange in December 2003, raising just over 500 million pounds from a sale of shares at 390 pence. View all of VEDL's competitors. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. "Taken together, the offer price and the FY2018 dividend in aggregate represent a total value of $11.30 per share, which on the basis of the announcement exchange rate represents an illustrative premium of approximately 32.4 per cent to the closing price of 647 pence per Vedanta share on June 29, 2018," it said. Vedanta Limited (NYSE:VEDL) issued its quarterly earnings results on Friday, November, 6th. Shares of VEDL can be purchased through any online brokerage account. @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. It is involved in the exploration, development, and production of oil and gas; and exploration, mining, and processing of iron ore, pig iron, and metallurgical coke. 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. Indian website Livemint reported today that Vedanta was considering a plan to take control of Anglo's South African business by merging it with Vedanta via a share swap. London/New Delhi: Following the death of 13 people in police firing in anti-Sterlite protest in Tuticorin, the UK opposition party has called for delisting of Vedanta from the London Stock Exchange. View Vedanta's dividend history. I've been looking at this company for a little while now. Free forex prices, toplists, indices and lots more. If the move was successful, Vedanta would make an application to delist its shares from the London Stock Exchange … It also owns 79.4 percent of … Based on aggregate information from My MarketBeat watchlists, some companies that other Vedanta investors own include Infosys (INFY), Vedanta Resources plc (VED.L) (VED), Tata Motors (TTM), ICICI Bank (IBN), Dr. Reddy's Laboratories (RDY), Transportadora de Gas del Sur (TGS), 145886 (PZE), Pampa Energía (PAM), Alibaba Group (BABA) and Oi S.A. American Depositary Sha (OIBR). While now price data is direct from the London stock Exchange ( NYSE: )... Namibia, Ireland, Australia, Liberia, and all such shareholders shall be paid a dividend yield of %. Sign of company health K7, 400 093, China 's e-commerce pioneer the basic materials company reported 0.12. That a company could be undervalued with respect to its assets and liabilities get personalized stock based. 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