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Nice TR 1
Another 2000 @1986
Don't forget JMAT are also involved with manufacturing catalysts for Fulcrum to make their SAF. Fulcrum have plans for five more plants I believe before 2025, JMAT have their fingers in a few SAF pies!
and another 249@19.85
Just added another 318@20.13 on the back of the sustainable airline fuel info
Blackrock buying as well rns today
Took my first tranche of £60k today. Looking to scale in further over the next few weeks
Looks cheap, lots of value could be unlocked here with the right strategic direction
Andy Brough mentions Johnson Matthey #JMAT in the latest PIWORLD interview at 17m18s
Watch the video here: https://www.piworld.co.uk/education-videos/piworld-interview-with-andy-brough-markets-lessons-learned-in-2021/
Or listen to the Podcast here: https://piworld.podbean.com/e/piworld-interview-with-andy-brough-markets-lessons-learned-in-2021/
What next couple of months ! The markets are dealing not only with the Omikron situation on the health front but also with the Russia Ukraine and China Taiwan and the very less known but potentially equally disturbing Serbia Bosnia ongoing problem will could flare up in moment . The markets have stabilized a bit recently but any of these problems turning into reality and we will have a bloodbath in the markets.
Also if Jmat does not manage to sell its battery business to Tata for a reasonable amount ie north of £600 mil, then the sp could disintegrate !!!
JMAT will be demoted from the FTSE 100 in the next re-shuffle. I’m expecting this to hit 18 pounds sometime in the next couple of months…
100% long there
xd tomorrow
Buy order in at 20 quid per share…..
Reports that the Indian conglomerate Tata Chemicals is in talks to buy the battery materials business put up for sale by Johnson Matthey has also sent shares in the FTSE 100 listed company higher. The price tag rumoured to be attached to the potential bid of between $500 and $700 million is clearly seen as attractive as it would give the company more financial firepower to expand its presence in hydrogen technologies.
https://thefintechtimes.com/the-unstable-economy-is-finding-its-feet-hargreaves-lansdown-suggests/
https://www.bnnbloomberg.ca/tata-in-talks-to-buy-battery-business-of-johnson-matthey-mint-1.1688185
Time will tell but I hope the worst is behind these.
.. are history. JM know that. Hydrogen is not going away.
Short termism strikes again, disposing of battery and glass business because they dont turn an instant profit during a technology revolution is bonkers. It took TESLA 10 years to turn a profit and thanks to patient investors they have now the biggest market cap of all car companies.
doubled mine average now £22
Thanks all. Re "Problem is that these extraordinary items keep appearing year after year. So goodness knows what other nasties lie under the bonnet.", what else has there been in the recent past and what else might be expected? JM has previously been one of my safe investments that I've just ridden the rises and falls and done quite well with.
Not according to the intraday chart - it bottomed at 2110.
I think its worth sitting this out, further to fall IMO in this increasingly volatile market.
Only possible short term reversals could be a quick off load of the battery bus. and a good price for the health bus.
This could very well go under £20 with the great downward pressures affecting all markets , but at the £20 level i think it would be a great level to accumulate. The hydrogen business they are trying to enter is a long way off from affecting the balance sheet in a positive way. The catalysis business and the rare earth minerals/metals will remain the bread and basket of the firm for the time being but a solid investment case for the long term, provided the price comes down to the £20 level !!!
Problem is that these extraordinary items keep appearing year after year. So goodness knows what other nasties lie under the bonnet. But we will find out soon enough as the new CEO gets his feet under the table. JMAT has been a great company in the past, and can be again now they have pensioned off the exiting value destroying CEO.