Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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damn, back to the April 2008 shareprice.
Global leader in sustainable technologies, Johnson Matthey (JM), has signed a lease at Culham Science Centre near Abingdon, Oxfordshire, occupying just over 3,000 sq. ft. to support its new Hydrogen Technologies business unit.
Demand for green hydrogen is projected to grow from a very small market today to meeting – along with blue hydrogen – the almost ten-fold increase in hydrogen demand between now and 2050, and the hydrogen fuel cell market is forecast to grow more than three-fold through to 2027.
https://www.businessinnovationmag.co.uk/johnson-matthey-commits-to-culham-science-centre-abingdon/
As part of a new agreement revealed today (Nov 15), Johnson Matthey and Hystar have partnered to develop next-generation electrolyser technology to boost green hydrogen production capabilities.
Under the agreement, Johnson Matthey will collaborate with Hystar to provide catalyst coated membranes (CCMs) for use in the company’s innovative proton exchange membrane (PEM) stack and electrolyser system package, which offers a significant improvement in efficiency.
https://www.h2-view.com/story/johnson-matthey-hystar-partner-to-develop-next-generation-electrolysers-for-hydrogen-production/
Nick Lindfield Business Development Manager Fuel Cells Johnson Matthey.
https://www.climate-change-solutions.co.uk/event/hydrogen-and-fuel-cells-the-time-is-now/
The UK Government has bailed out several companies in the past for a variety of reasons, including you guessed it, Johnson Matthey itself!
Skier a market cap of over 4 billion means Jmat is not tiny.
Jmat don't have to produce hydrogen, just have the ip for hydrogen system parts and catalysts.
JMAT is a tiny company with a failed battery venture and some cat-converters in a shrinking industry that will be gone in a decade or so! The UK govt will never bail out an old "dirty" metals business from the previous century that supplies gas-guzzling vehicles. The UK hydrogen industry will never takeoff in the UK because the underlying cost of electricity production is way too expensive, and Britain's collapsing manufacturing industry simply does not have enough skills for these emerging "new techs" at scale. The outlook here looks bleak.
Why would the govt bail them out ? Utter nonsense. However JMAT is still one of the world leaders in catalytic converters, rare earth minerals and joining the hydrogen industry should be very promising. A good level to accumulate IMO.
this company are still in a strong market position, and the UK gov will bail them out if anything goes too side ways.
buy and hold
GLA DYOR
The battery exit is a disaster for JMAT.
It raises serious concerns about whether JMAT has the management skills, tech expertise, and scale to compete in future new markets.
It is also a huge blow for the British automotive, tech, and stockmarket industries, which are in steep, steep decline.
The exit is a major blow to the JMAT brand.
It feels like the beginning of the end.
Wouldn't be a surprise to see this drift down to the £10-15 range, get snapped up by (say) an American, Chinese or Indian firm, and any remaining valuable bits carved up and shipped overseas.
its a dangerous positon for the big holders to let this price stay so low, as it allows rival firms to buy cheap and slow sell in which undermines the share price. as such the big holders will be having their brokers buying up everything at rate to avoid too big a rise and trying to force weak hands to sell to buy up, you can see this in the trading patterns.
as such, once the averaging down range has been met this will suddenly jump up to a reasonable level.
this is now a rush to do before the market moves and locks the big holders stuck with stock at high rates and waiting a longer period to sell.
ClaireSmith, You are very vocal and I absolutely welcome all views. I hope you are right but for what it's worth I was giving a contrary view and a reason for the saying "once bitten twice shy".
Good luck with your position. I am still 18% in profit plus divis but will be waiting on the side lines before topping up.
looks like any material selling has finished, and the buyers are gathering everything up, this has strong upwards pressure building
people are getting way to caught up in the battery stuff, its only a small part of their business, they will sell off the assets and recoup most of the expenses, they are still making tons of money and have solid IP and market position.
way oversold and then the marketing pulling down the price to buy up cheap shares.
can see his bounce back to 25 easily, the company is already making fast moves to correct issues.
I worked in JM for 9 years till late 2017. I saw the writing on the wall in mid 2017 with management changes. Millions of funds were diverted from Clean air to battery materials. The implementation of SAP was a train wreck. Many good directors left the business and still leaving now. I do not think Robert Macleod is retiring. He is being pushed out.
As far as eLNO is concerned, my view is that they went for delayed perfection rather than continuous improvement. By that time companies like LGChem, BASF and Umicore penetrated the market, while JM top leadership team was still bickering about how to make eLNO work.
I'll TRY and refrain from this becoming a rant.....but to qualify the Boards breakdown here - only in April they announced a deal to build a second factory in Finland for nickel cathode production AND announced a strategic review of their Health division.
The latter, highly profitable, but unspectacular growth. The former, huge investment with the promise of jam tomorrow.
The Board in their entirety signed off on this so for just the CEO to go is an indication that they've not gone to the root of the problem.
As a share holder in Bayer also, from whence the new CEO cometh - their statement last week indicated he left in something of a cloud as head of their underperforming crop division. This summary indicates he is a pharm man through and through https://gb.wallmine.com/otc/bayry/officer/2094236/liam-condon so potentially they've decided to stick with health but they will have to invest heavily to turn this into a future driver when they are up against the giants of Croda, DSM & DKSH!
I agree that the poor leadership is the biggest issue here. Putting rich heritage and science to one side, which no doubt JMAT has in volume, perhaps years ago when I was a bit more of a tempestuous investor with an appetite for risk, I would have dived in yesterday.
It's complete about turn and that lack of strategic vision is deeply troubling - for years they have been holding up the battery division as it's main future revenue driver. It doesn't take a highly paid CEO to know that new technology will become commoditised over time which begs the question if JMATs technology was unable to achieve economies of scale and compete, why it ever got past the drawing board.
This Board is in a complete state of flux and there is further fall out for sure.....
completed base position with double up top up amazing value
might be a good buy for Albemarle, remove some competition and take control of their facilities and IP.
if so could see a price tag back in the 6B range...
That was my view as well BeerTalker hence my small position yesterday. For me it’s a LTH.
Personally am disappointed to hear the news of the exit from battery materials, more from a British science, technology and manufacturing viewpoint. The CEO departure was not surprising considering the deteriorating performance.
JM has great technology positions , perhaps more living on its past glory. The challenge today is all about chartering the company through turbulent times of the energy and transportation transition, being able to create plans and execute change through people.
For me the worrying sign is the leadership churn. While I am sure each of the senior leaders are capable and competent, otherwise they would not have been hired. Executive churn in JM seems to be too high.
Of the leadership team - 1 joined in 2021 (the CFO) , 2 came in 2020, 3 came in 2019 . With Covid restrictions on travel, that's a really short time to really come to grips with a realy workings of a science and technology company with over 10000 employees. To execute change they will need to align and work with the masses. Not sure how some of these leaders have built relationships and walked the floor to understand what needs to change and how to enable enterprise wide change with the trust of the workforce.
When previous CFO and CTO. join a business and move within a few years its perhaps an indication that something is amiss.
Fingers crossed that the new CEO is able to turn this around. On the upside they have a new team with no sacred cows.
After all it would be a shame to a company with a rich heritage like JM be broken up.
Couldn’t resist a quality share like this at today’s discount, so jumped on at 2215. I wasn’t actually intending to buy anything today with the FTSE100 so high. I take the view that if JMAT conclude there aren’t going to be the profits for them from battery development that they should know that is the case, and hydrogen is a promising alternative, to which I have no exposure since recently selling my ITM Power holdings. Planning to stay in long term. GLA.
there literally is 2 ways the car industry are going:
battery or hydrogen
JMAT will balance the books with the sale of the battery stuff and be making massive contracts for the hydrogen stuff
cant believe how cheap the share is, did the brokers not look at all the other areas of business are doing, they have been around along time and have a lot of IP and revenue streams
Here is a reason to buy and hold:
https://matthey.com/en/markets/energy-generation-and-storage/hydrogen