The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
....if there is a bid by one of the oil big boys. This fall back suits their long term plans perfectly. Would not be surprised if Shell is eyeing this up.
check check check check safety 1745 -
What is missing is a few more comments from shareholders about the fall in share price. Why the silence? JM is a long established high tech performing company. The BOD needs a kick up the rear!!! Lets see more action or this could go down further.
Bod has no credibility following appalling mismanagement. The executive who made most JMat's profits jumped off having been looked over for the top job in favour of an outsider.
I can't quite fathom such an excessive drop in the shareprice. I understand the downward pressure based on:
1. Battery materials exit
2. Acceleration away from combustion engines resulting in lower autocat sales as well as short term low car production
3. Higher cost of energy (short term) for energy intensive industries
4. Labour supply concerns
5. Potential conflict in the Ukraine
All the above accepted. The battery materials exit seems to have disproportionately affected the share price when there is more opportunity in the hydrogen economy in any case. JM has historically been a safe performer so I don't understand why it's suddenly valued so poorly compared to the general market. Any views appreciated and do you think it's just a case of getting the new leadership embedded and strategic direction resolved before there is an upturn?
chrome-distiller://03820c9f-fe66-414a-8027-edcae9b2386e_497e43e2eeaabaf945da00335f4417b368025b14c1e409af42dc6ff525030ba8/?title=JM+award-winning+ethyl+acetate+technology+to+help+CropEnergies+AG+reduce+fossil+carbon+footprint+of+products+%7C+Cambridge+Network&url=https%3A%2F%2Fwww.cambridgenetwork.co.uk%2Fnews%2Fjm-award-winning-ethyl-acetate-technology-help-cropenergies-ag-reduce-fossil-carbon-footprint
They've already announced the CE will be 'retiring' and a new CE will be brought in from outside... Ok there's still plenty more still could go but the top head has rolled.
...must roll here over the battery pullout and failure to seel the business. if that does not occur -AND FAST, JMAT will be toast.
Fortunately,they must be aware.I just hope it occurs swiftly and that outsiders get the top jobs.
https://www.ft.com/content/b20e3f10-35aa-4c9d-836a-06ca2b080625
https://www.chemengonline.com/cropenergies-and-johnson-matthey-enter-agreement-for-renewable-ethyl-acetate-production/
Buyback not the wisest of moves having just announced another £150m outflow from closing its batteries business. The BoD are a shambles.
Just topped up with the directors recent buys 6 grands worth
Seems the 200 Million pound share buy back is as successful as JMATS attempt at batteries and the sale of.
No impact on supporting SP.
More info
https://aviationweek.com/special-topics/sustainability/johnson-matthey-weighs-saf-supply
Like this bit wasn't aware jmat was involved in this flight
Johnson Matthey is already working with BP to commercialize renewable chemicals startup’s Virent’s BioForming process, which uses catalysts to convert sugars from renewable feedstocks into hydrocarbons that can be used to produce SAF.
Virent’s synthesized aromatic kerosene was used in a United Airlines’ Boeing 737 test flight in October 2021, demonstrating the use of 100% SAF in one engine—up from the maximum 50% blend now allowed for SAFs approved for use in aircraft.
if anybody's interested in the technology side then read this
https://link.springer.com/article/10.1007/s11244-020-01239-6
https://www.prnewswire.com/nl/persberichten/johnson-matthey-launches-hycogen-an-enabling-technology-to-efficiently-convert-co2-and-green-hydrogen-into-sustainable-aviation-fuel-861587333.html
https://renewablesnow.com/news/johnson-matthey-launches-co2-utilisation-tech-to-produce-sustainable-fuels-768167/
IMO jmat have identified they're markets that are not going to end in a bottomless money pit I reckon we're going to have a great start 2 2022 GLA
...sale of battery interests is next RNS early next year. Would not be surprised if already agreed in principle because directors have topped up. I think that they would use their inside knowledge to grab some cheap shares. Can see £22.50early in 2022, helped by the continuing buyback.
IMO bottom has been reached up we go
Seems to me JMAT knew what they were doing selling the battery interests. As it appears in my crystal ball, the production of batteries is subject to more risk than hydrogen fuel technology. Other crystal balls may be available..
Co picking up own shares on the cheap. All doing it right now. I reckon they figure a New Year bounce is coming when peeps realize that Omicron is no worse than a touch of flu. Hope they are right.
Don't believeyou are right, schwee. A number of major company boards are doing the same at present. Perhaps the best advice right now for these giants is scoopup the cash and slim down! Time will tell.
On the never never, with another huge loss. The BOD are hopeless.