keep away from this blog. No great or unknown recommendations. His recommendations are available every where.Dont waste your money with these calls.... he is just a spamster.
reg gammon down as predicter-buy on dips below 210

Is it good time to buy ??

NBStar:

If you are a long term investor then you need to also look at the free float of Gammon.
As of Sept 2009:
Promoter share holding: 26.2%
FII Holding: 32.04%
Corporate Bodies: 22.96% (generally these would be promoter non official holdings .. or competitors trying a takeover - my take)
Individual shareholders 5.38%
Individual share holders holding more than 1 lakh of Share capital: 2.08%
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The only weak holders in this whole set is the individual shareholders.. which is 5.38% let us look at that in more detail
===================================
5,783,598 shares held by 25,098 share holders ie on avg 230 shares per share holders..

This is what is the liquidity in the system and what is going to be cornered by the market maker ..

I would suggest to buy on dips but even in this market fall (of recent days) Gammon fell to around 210 and not below those levels..

Personally I would buy around 220 levels and hold it for atleast a year to reap the benefits..

PN: all the shareholding info is available in BSE india website.
- I do hold shares in Gammon india.
- I would buy on dips but 170 is the extreme and Gammon india will not fall to 170 levels.

The reason Gammon fell to 170 was the merger ratio and rights issue to promoters which according to sebi has to be be done at market price.

=happy investing

Thank you for your information. I hope this will cross 250/- soon.