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The inventory is hitting 52week low right now on information that the copper plant in TN is up on the market. However, this plant has been shut for 4 years now, so it ought to already be priced in proper? Please remark guys, I really feel that is good time so as to add
Yeah…230-200 zone is nice for worth purchase
Precisely, is there the rest occurring that will trigger such a plunge, other than common international gloom? I actually dont perceive the sale rhetoric . It will be higher for traders if an unused plant is bought and proceeds are reinvested in higher tasks or distributed as dividends proper?
It might be one thing else, you by no means actually know the explanations. Metals generally are falling fairly strongly as properly.
You want an edge earlier than assuming that market is flawed, i’ve made that mistake many occasions in early days and averaged falling shares, That works significantly better with Index or for those who actually actually perceive VEDL very properly or you probably have some imply reversion/worth edge.
The dividend yield is 17% on the present market value. Nevertheless please do learn concerning the firm promoters and the issues the administration and the promoter did throughout the peak of corona to delist the corporate.
Few of the unforgettable quotes of individuals have been
the promoter steals from retail investor and does charity.
When somebody requested why delist when the market value was round 87 odd, he stated money is king and he’s giving an exit alternative.
How blantantly he made provisions of 13000 crore to cut back the guide worth.
Gave loans from Vedanta to his Vedanta Sources
the administrators didn’t observe their fiduciary obligation of defending the curiosity of the traders, as a substitute towed the road of what the promoter needed.
They’ve a dividend coverage however doesn’t move on the hindustan zinc dividends to the shareholders Everybody is aware of what occurred in copper plant.
Throughout the delisting time, he owned solely 51%.
Anyway, there’s at all times karma and thank LIC that the delisting failed miserably.
Until this time, by no means realized that integrity of the homeowners was of paramount significance than the steadiness sheet and numbers earlier than investing
Apart from proxy advisors, not a single channel had the heart to ask the promoter why he was doing so many methods to delist the corporate.
SEBI has now mandated that for any delisting, the board of administrators ought to give an opinion as a substitute of silently passing it for voting.
So in a nutshell, the homeowners integrity is questionable. Do learn and make your individual evaluation.
Disclaimer: I used to be invested in Vedanta and went by way of loads of ache throughout this era. Learnt how a delisting occurs and have to thank LIC for making the delisting a failure.
This firm is Poisonous in all sense, the homeowners, the board of administrators, the finance staff together with their banker – I believe it’s JP Morgan.
Additionally be aware many of the promoters shares of vedanta is pledged to banks together with a portion of Hindustan zinc. Hope there is no such thing as a margin name from these bankers on the homeowners.
Yeah i keep in mind this now, very shitty transfer. However fortunately failed. I used to be not invested however nonetheless bought offended.
Very legitimate feedback right here.
Nonetheless such a reduction for a excessive div yield inventory appears to make loads of sense to me particularly in a bearish marker. Whereas Anil agarwal’s sure actions are positively questionable, the corporate may be very strong financially.
Most of shares are under 200 EMA in a bear market so its time to select the suitable worth inventory.
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