Is Hudson still on the registry? - yes, owns 7.35% - no change in ownership has been announced.
Anyone here been buying recently? - yes, HRS/HGL were 3-baggers for me last yr. When they announce/confirm their current plans (coal & bauxite) expect another nice earn. Register is very tight - 92% owned by top 20.
That's why I'm now into GUL, because for some reason they bought 9mil odd GUL shares @ 10c - don't think they would do that without a game plan.
Hudson has denied recent media reports in India they are doing a jv coal deal (worth some $100m) with Jindal, but from what I'm reading over there it's on. The following was posted on www.indiainfoline.com/stocks/innernews.asp?storyId...
DYOR........
Stock News Jindal Steel gains on overseas JV plans
India Infoline News Service / Mumbai May 04, 2009 14:23
At 14:23pm (IST), Shares of Jindal Steel and Power have gained by 2.5% to Rs1672.
Shares of Jindal Steel and Power have gained by 2.5% to Rs1672 after reports stated that the company is in advanced talks with Hudson Resources, Australia, to form a JV for exploration and mining of coking coal there.
The scrip has touched an intra-day high of Rs1714 and a low of Rs1656 and has recorded volumes of over 0.3mn shares on NSE.
GUL Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
