Personally having worked in the catalyst division at JM for many years I see a very positive future for that side of the business in the coming years, lot of value to extract |
New letters from Standard Investments.
My summary:
Trip to New York for Barbara Jeremiah to meet David Millstone and David Winter....and a new committee.
Barbara will Chair a newly-formed Investment Committee of the Board, which will have a clear mandate to enhance Johnson Matthey's capital allocation and investment decisions, and to periodically assess whether alternative options to the status quo are available to maximise value. |
I think it's the overarching uncertainty that's weighing heavily on JMAT. Difficult to know where they are with regards SAF. You only need to look at Neste performance over this year and read their reports to see how tough they're finding things. Hydrogen stocks have been largely crushed once again. Some 'experts' recently predicting another tough year for the sector and the likelihood of further players disappearing from the space. Platinum at lows, uncertainty over ICE and catalytic converters. Then throw in question marks over Trump, tarrifs etc and we can see why there's weakness here. |
No buybacks since 12/12/24. They need to get busy again.
Not surprised Standard Investments aren't happy.
Does it need new people? Or breaking the company up?
Given the uniqueness of what JMAT do and the capital and energy intensive business they are in, are they really charging enough for their products and services?
If, for example, they were to put their prices up by 10-20% where would customers go?
Do they have pricing power? Sticky, loyal customers?
On the plus side - they are a profitable, old economy, industrial stock. No 50x revs valuations here.
Perhaps it's more of a market problem, not appreciating those value stocks? |
WOW this has taken.... a while... |
Thank you twen |
Their biggest shareholder has come out and said what the rest of us are all thinking ?https://stocks.apple.com/A5WG8jZYXRxaM4ziYxNS_XA |
Any ideas as to the more than 5% rise this morning? |
At these very lowball valuations here, now the upside potential by far outweighs any downside risks, as clearly way too Oversold at the moment based on current fundamentals I strongly believe, DYOR. |
Scroll down. |
What does that mean? If you're querying the last paragraph, dividends were 22p interim and 55p final in each of the last two years, hence the yield, though that's lower with the share price recovery since the director bought.
Ex-div (22p) today. |
Davius
What does that mean, a good post .
"The 5.8% yielding company announced an unchanged dividend of 22p a share for payment on 4 February, while a £250 million buyback plan is almost complete. Deutsche Bank reiterated its Buy recommendation following the results, with a slightly lower price target of 2,200p." |
Very strange reaction since the horrible half year results and update.
A "normal" stock would have revisited the £10 level.
On here a daily rise since 27 November.
Very strange indeed but pleased for any holder. |
You will find out, no doubt, why you made that rule shortly. |
Broke a rule , added to an offside position. |
Blue, its just a major holdings disclosure |
Why anyone |
What a mess. |
From those PDFs the mix is:
Stock Loan – with right of recall
Triparty – with right of recall
Equity Swap
That looks to me to be more like shorting rather than taking a stake? But happy to defer to somebody more knowledgeable. |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
