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Here is a reason to buy and hold:
https://matthey.com/en/markets/energy-generation-and-storage/hydrogen
200 year old company, with contracts and revenue embedded to the modern world.
just the IP they are sat on is worth more than the company.
they will be fine.
Rocket...I wouldn't but it's up to you! Look at the margins of JMAT for a start! Then look at what they do ( cat converters ....a dying market) and then they walk away from batteries for EVs....what's the plan B? The PlanB seems to be to crash the sp!
Hydrogen? Absolutely batteries-not-included, hydrogen is the future!
Realy tempted to buy into this one but have seen that most FTSE 100 Companies with bad news now tend to be punished further for a few weeks. Can see dropping further Tomorrow and cant see an immeidiate pull-back. Buy order in for £20.50.
NEW CEO named - Liam Condon - currently a Member of the Board of Management of Bayer AG
shorts closing out their positions fast by the looks of things.
this is getting ready to bounce
Way oversold on the news, this keeps happening to shares the past month, any non-good news and the market drops the share to clear auto-sellers and weak hands, then they buy up everything and raise the price back up.
This will settle back at the 25's easily
Hope you are right Claire about sell-up going ok.
Desoc: To me looks like ceo is stepping down as he took the wrong turn - nothing wrong with trying out new things - it just became unfeasible. Not many could have predicted electric taking off so wildly, and so big a climate change agenda.
Jmat have a lot of IP in other areas, and while catalytic converter business will fade, it they work hard, they can evolve.
Floor reached, looks ready for a bounce
just a little top up if it hits near 20 axel I'll double up at least
I know normally it takes a couple of days for a move down like this to bottom but this news doesn't justify the drop IMO
the fundamentals and core of the business is fine, just that they tried a new project and didnt work out.
They will sell the poland factory and other IP and break even on the project.
this will be fine, the share price is being pinned by big buyers wanting a cheap price and the brokers facilitating that.
What confuses me is the timing of both announcements. Has the new CEO bought into the new strategy. Yes I suppose else he wouldn’t have signed up. But for a CEO to be part of this massive strategic decision and then to resign when announced! He had been a massive part of going down this road block and when it proved to be ‘wrong’., should have been sacked. It looks to me that this is what has actually happened but the company has sought to bury with the other ‘news’. Unfortunately the market is not stupid and has reacted accordingly. Will see what happens over next few weeks to asses my losing position.
literally look at the share sell data, this was walked down, it wants to bounce.
Will speak in the next few days *fingers crossed*
cant see this dropping any further, too many big firms hold stock at higher and will be looking to average down and buy up anything on the open market.
this looks ready for a bounce as is
Hopefully £20 before £25, bad news needs to settle. No good news imminent IMO of course. Will look to buy as close to £20 for a nice swing probably in the next few months.
it looks like the market is walking this down and shaking trees to get the last of the sellers, the moment that stops this would bounce hard.
price drop is a way oversold now, and if those at higher levels start to aggressively average down this share will move to 25's
Never thought I could buy at this price better to get rid of the batteries to much IP out there and concentrate on their other green operations
If the battery sell-out goes well and they get a good foothold on hydrogen market they could do well.
Battery sell-out may well depend on if anyone wants a battery factory in poland, at the size and layout they are building.
Would expect it to test 2000 to be honest, be interesting to watch as the bad news settles. Eyes peeled.
incredible how much the price has dropped, makes this very cheap compared to its legacy.
worth while buy and hold
you have to look at it from an infrastructure point of view, for the UK and EU until be have super fast charge batteries then the only way to have enough quick capacity to "fuel" the cars is with hydrogen.
Also this is the way that large haulage will go, as batteries weight too much currently.
batteries will rule longer term - 40 years from now, but until then it will be a combination of both technologies.
i think you need to read up more on the whole situation rather than point to one piece of the puzzle.
If you think hydrogen is the future, then you're living in cloud-cuckoo-land. The Chinese are going to dominate the battery and EV car market spaces in the coming years, and their EVs are coming to the UK, EU and USA and start to take over these markets like the japanese cars and motorcycles did in the west in the 20th century by virtue of price and decent quality. JMAT just haven't made enough progress and alliances in the battery sector. Dissapointing, but expected. Still, it's not the end of the world.
there is a lot of focus on battery, however in real terms it will be a combination of battery and hydrogen that it lead to the end of petrol vehicles.