Vedanta Resources is a diversified and integrated metals and mining group with annual sales of $1.9bn. Its principal operations are located in India, where it has a major market share in each of our main metals: aluminium, copper, zinc and lead. There are also substantial copper operations in Zambia and 2 copper mines in Australia.

            Red = 25 day moving average.           Green = 200 day moving average.

                        

Copper - (6 month graph)

SALES PER ACTIVITY (Data as of 31/03/2006)

Copper:      60%
Zinc:         24%
Aluminium:  12%
Others:       4%

Notice of Preliminary Results for the year ended 31 March 2012
Vedanta Resources plc will announce its results for the full year ended 31 March 2012 on Thursday, 17 May 2012 at 7:00 AM, London Time.

Following the release, a conference call will be held for investors and analysts on the same day at 9:00 AM London time where senior management will discuss the company's results and answer questions from participants.

StockMarketWire.com
Resources giant Vedanta Resources (LON:VED) will announce its production results for the first quarter ended 30 June 2012, on Tuesday, 31 July 2012 at 7:00 a.m. UK time.

Ex-divi 15th Aug '12 (0.35¢)

Miners out of favour recently but a nice divi of 21.77p to come next Tues.

Vedanta Resources frequently appears on lists of the cheapest large-cap shares around. They have become less cheap recently. In the last month, the shares have risen 13.5%. This means that the shares today trade at 7.8 times the consensus eps (earnings per share) forecast for 2013.

Unlike many companies in the resources sector, Vedanta has significant operations in both metals and energy. At the end of 2011, Vedanta acquired a majority stake in Cairn India at a cost of $8.7bn. This brought the famous Rajasthan oil fields into Vedanta's portfolio.

Around one third of Vedanta revenues come from copper. Zinc is 23% and iron ore is 12%; the balance is aluminium and power. Following the Cairn India acquisition, oil and gas will play a bigger role within the company.

Given how diversified Vedanta is, it is a surprise to see that the shares are so volatile. Vedanta has been paying a dividend for the last eight years. The payout has been rising since 2010, and another two years of dividend growth are expected

Interesting overall assessment that D/C, interesting.

Is interesting your word of the day Stan, seen it in another post. :-))

You mean "reprotational".. Yes its a cracker isn't it? -):

lol

Back to VED. The Government of Singapore Investment Corporation Pte Ltd. Have added just over 17,000 shares today.

Trading update listed for today and tomorrow on here.. It's tomorrow!

MIDAS SHARE TIPS: Boss at mining giant Vedanta Resources spends £64m on stock


By Joanne Hart, Financial Mail On Sunday

PUBLISHED:22:41, 2 March 2013| UPDATED:22:41, 2 March 2013-

Early last month, Indian entrepreneur Anil Agarwal spent more than £64million buying shares in Vedanta Resources, the oil and mining group where he is executive chairman.


The purchases were a clear sign of his commitment, but should less well- heeled investors buy the shares?


Agarwal founded Vedanta in 1976, floated it in London in 2003 at 390p and has been a keen buyer of stock since. So much so that he owns shares worth £2billion, equivalent to almost 65 per cent of the company.

Waiting game: Anil Agarwal hopes to simplify Vedanta's structure

Despite his enthusiasm, the FTSE 100 company’s shares have had a rough ride in recent years, falling from almost 3000p in April 2010 to 1169p, reflecting concerns about the outlook for commodities and worries about Vedanta’s complex structure.


Like many large natural resources groups, it dabbles in mining all round the world and has a huge oil and gas division to boot. Some of its assets are part owned by local governments or other private enterprises.

The company structure is difficult to understand and many investors prefer not to bother. But Agarwal has applied for permission to simplify it and is waiting for the Indian courts to approve his plans. Bureaucracy is notoriously slow in India, but even pessimists expect an approval in the first half of this year.


Meanwhile, the business has several fundamental advantages. It has a diverse range of interests and its costs are among the lowest in the industry.


This is not a stock for the cautious but supporters believe the price could hit 1500p this year. Adventurous investors prepared to take a long-term view could do worse than follow in Agarwal’s footsteps


Read more: http://www.dailymail.co.uk/money/markets/article-2287144/MIDAS-SHARE-TIPS-Boss-mining-giant-Vedanta-Resources-spends-64m-stock.html#ixzz2MSuHETiw
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Final Year Results http://www.moneyam.com/action/news/showArticle?id=4595888

Black Rock go above 5% http://www.moneyam.com/action/news/showArticle?id=4617431

GIC Private Limited (Formerly known as Government of Singapore Investment Corporation Pte Ltd) go below 3%

Q1 Production Update http://www.moneyam.com/action/news/showArticle?id=4641713

Bought at 1120p but wanted it a bit cheaper - VED seems to be holding up in a weak market today.

Hope to get out with a small profit, in a small time ?

What do you think ?

i'ld say the 5-year chart looks very nasty, though i see no NEW good reason why the markets should be so soggy today

Thanks Cynic for your comment - true this one has been hammered over the past five years, like most mines and banks.

I believe that the Indian rupee weakness may work in VED favour, plus they may make some savings on a recent internal structure reorganisation, and the price is lower than of late. Brokers comments also are generally positive, showing good % target increases.

It seems to me to be a strong Company in fair shape. I am not expecting fireworks, but hopeful of this large group giving me a small profit over the next few days.

it certainly won't go belly up and i confess that i too have been disappointed with the performance of the big mining houses of late, even with the clear upturn in world economies ..... copper, nickel and iron ore should have risen, and thus the shares of these miners, but unless i am much mistaken - could check easily enough on Kitco - this just hasn't been the case so far .... surely, in due course, these overhanging physical stocks must disappear and then perhaps we'll see fireworks