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Sidam
“Looks a bit fishy to me.”
The price action just doesn’t add up to the news. A relatively small stake taken by a hedge fund shouldn’t cause the shareprice to rise more than five percent.
Most unusual. In my opinion there is something much more substantial in play. The market has obviously got wind of it and precipitous buying is being done by insiders. What we’re witnessing is the transferal of shares from the weak to the strong. Retail investors selling and professionals buying.
Be interesting to see what happens over the weekend.
Watch this space.
...in play. May take a bit longer but when it comes, the first offer will be not less than £25, but what do i know?
Clearly a false market has been manipulated here. Don't hold your breath waiting for the FCA to investigate.
Looks a bit fishy to me. Price reaction to large holding well over an hour after the market opened and percentage gain now half what it was at peak. Lots of coulds around and good luck to those who are stayers but I've sold and taken a modest profit.
Shares in Johnson Matthey soared over 30% on Friday after the investment arm of New
York-based industrial firm Standard Industries took a 5.23% stake in the British chemicals maker.
Matthey's stock jumped as much as 35% to 2,536 pence on
Friday, its highest since November. A London trader, on condition of anonymity, said the stake deal could be a prelude to "some kind of move", referring to possible transactions.
Standard Industries bought U.S.-based global specialty chemical company W. R. Grace & Co a year ago in a $4.63 billion deal.
As of Thursday, Matthey had a market value of 3.47 billion pounds ($4.36 billion).
Standard's stake disclosure comes a few months after Johnson
Matthey announced plans to sell or exit its battery materials business in November. Its stock had slumped 32% since that announcement. ...
"We would consider this to be something like an ideal owner for (Johnson Matthey), operational overlap on the process catalyst business and an ability to take a long-term view on the cash generation from the Clean Air business," analysts at
Jefferies wrote in a note.
Standard Latitude Master Fund, controlled by Standard
Investments and the co-chiefs of Standard Industries, would now be Matthey's fifth-largest shareholder, according to Refinitiv data.
...classic sucker tactics now with falling gains to sucker in the weak holders. I am not falling for that one!
...Must be RNS today, possibly after close!
Happy to believe a bid, - I’m finally in profit. But its not a natural for private equity is it? You’d think an industrial buyer - in which case they’d announce pretty quickly. Warning - I have a terrible track record in these predictions
Thanks Toff being stupid but how do we know there has been a bid?
Helu
There’s obviously already been a bid. I’d imagine it would be a preliminary one and £30 sounds like a good starting point.
Any bid would be £30+
“But no RNS about a bid. Clearly insider trading.”
There rarely is before a takeover is announced
But the clues are in the shareprice.
All will be revealed shortly.
Intriguing, and great to see this finally move back up. Looking forward to seeing what's behind this..
But no RNS about a bid. Clearly insider trading.
Big boys i8nvolved via Cayman Island vehicle. I think we may have a bidder! DYOR!!!
https://www.imperial.ac.uk/news/235714/cheaper-hydrogen-fuel-cell-could-mean/
"The team collaborated with UK fuel cell catalyst manufacturer Johnson Matthey to test the catalyst in appropriate systems and hope to scale up their new catalyst so it can be used in commercial fuel cells. In the meantime, they are working to improve the stability of the catalyst, so it matches platinum in durability as well as performance"
Hasn’t been very successful in underpinning the share price or creating value for shareholders so far and can’t see the balance of buyback adding from here.Need direction.
On 6/4 they'd spent 167mil of the 200. So can't be much left I expect.
hi guys has anyone kept a running total of the current share buyback please.
...the Pre-Close RNS. If their projections prove correct, we should be at £40 in 2024/5. If not, maybe £17. But they do have a record of accurately predicting trends so it's a hold for now even though showing some loss.
So Liam Condon has been in his role for 3 weeks but still no communication. All seems very quiet after such a shocking fall in company value doesn't it.
... for Easter. Let's hope it's a chocolate egg rather than a curate's!!
...by the recorded deals. Tomorrow you will get the RNS. Buy-backs all!
well you are NOT edging your bets are YOU £10-£15 what a ridiculous statement to make.
if you have nothing constructive to say -say nothing stupid statement.
by the way i am not in yet but i will be before your predictions .
JMAT sliding ever closer toward that £10-15 price target!