Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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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
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.