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Need to be beats expectations as the market does not reward ‘trading in line with expectations’.
I do have to as myself what on earth I thought I was doing when I pressed the deal button on my broker site…… hey ho.
This SP takes nothing for granted but if the figures are not really good, I would not be surprised if the SP slides. This is not a stock that excites the market at present
HSBC just updated…..UBS is yet to do so. Be good if they all formed a straight line but when does that ever happen!
Have a good weekend everyone……
Interim Divi:
To be or not to be, that is the question Mr Condon.
Just the five days to wait.
UBS also has a 1,700p target , with a neutral rating.
https://www.proactiveinvestors.co.uk/companies/news/1033511/johnson-matthey-shares-scrape-decade-low-ahead-of-interims-despite-interest-from-standard-industries-1033511.html
HSBC cuts Johnson Matthey price target to 1,700 (1,900) pence - 'hold'
I do sometimes wonder how they arrive at their ratings….. no two brokers ever seem to agree on the numbers
Is this irony ?
Plug Power filed a ‘going concern’ notice on Friday and dropped 40%.
....Plug Power maybe? We know all about them by now - or should do!
Let’s hope for something special on the 22nd.
Will Mr Condon be pulling a rabbit out of his hat?
Or more asset stripping?
JMAT has had a good few days - here’s hoping it continues.
But the issues are in the past, being addressed at present, and the company moving on.
Except this is very much JMAT in the present……
Desertsands, I am totally aware of the past, but you cannot and should not live in the past, you learn from it and do something about it and move on, otherwise you will bring yourself and everyone else around you down.
Bizzybee - “ Omg Skier1 your as boring and depressing on this board as on Lloyd's, do us all a favour and just sail into the sunset.”
You forgot to mention that he is right, though. They did lose a decade in both time and costs and indeed JMAT is suffering both on the balance sheet and in reputation. Some companies don’t survive such a balls up -
Omg Skier1 your as boring and depressing on this board as on Lloyd's, do us all a favour and just sail into the sunset.
Makes for grim reading. They lost an entire decade on the failed battery business. A catastrophic event that is sinking the shareprice and has tainted the brand.
Siemens Energy ENR.DE, Vestas Wind Systems VWS.CO and Enphase ENPH have all been trounced this year. JMAT at least still has earnings from diesel catalytic converters.
£1 billion is a lot of research spend, abandoned. The effects will clearly continue to be felt for some time and not just on the balance sheet - it would have been good if the knowledge gained was useful to someone who might have been willing to pay for it to mitigate, at least in part but it sounds like others were already further down the road and JM were already late to the party.
But they are still here and are back in the fight…..
Article on Chief Executive Liam Condon :-
https://www.thisismoney.co.uk/money/markets/article-12682877/Is-City-listening-Johnson-Matthey-boss-Liam-Condon.html
Hydrogen and Catalysts are going to be the growth drivers of the company but are currently small.
I still think that Standard Industries will make an offer for the whole group but can clearly take their time with the share price languishing.
Nice find L1v1ng
Considering the hammering the SP is taking it would be good to have this type of deal announced by RNS……
Licensing and engineering agreement.
https://www.chemengonline.com/bp-selects-johnson-matthey-technology-for-its-first-blue-hydrogen-project/
We can but hope Skier1……so many solid institutional investors holding most of the shares…. Hopefully one will make the move before too much longer.
As predicted -- 2 years ago -- JMAT is plunging under the £15 threshold.
All eyes now on the £10 level.
JMAT's journey here looks probably like a takeover from the US or Europe, shift the HQ abroad, close the UK factories, and outsource production to cheaper Asia.