Club Mulgoa

Monday, February 20, 2012

JMS

A long time ago, BHP was jolted by Billiton from South Africa. Eventually, they formed an amalgamation and hence, BHP became BHP Billiton. Along with that, the CEO of Billiton became the CEO of the combined companies. However, the chairman sacked the CEO because he went on to make a deal with RIO without consulting the board.

Today, this South African guy is using JMS as his Australian beach head. It rose and then fell. And for a while now, it has fallen badly. I don't know why but I am watching this stock closely. And might even put a low bid in for it.

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