Johnson Matthey Share Discussion Threads

[ball deap] 21/1/2022 00:23:18

The management have taken large personal holdings in December ? Yeh okay, looks like they're putting their house on it , first flight using their SAF fuel 1 December 2021, a United Airlines Boeing 737 Max 8 aircraft flew over 100 passengers from Chicago to Washington DC with 500 gallons of 100% drop-in SAF, what do they know since December ? How big is SAF going to be? soon SAF mandatory or blended?, IMO I like to follow a stock where management money is where my money is, CEO has 3x my holdings, The indicators and MA's still showing negative, for how long tho, in the meantime is getting propped by share buy backs.

[ball deap] 19/1/2022 23:54:32

It's already costed in, the market is reverting to cyclical stocks, check out RIO and the rest.

[action] 16/1/2022 09:58:10

Another shoe to drop if Jmt have to take 150ml hit. May be 1600p ?

[hatfullofsky] 12/1/2022 22:00:57

Yup, that's how much it matters.

[spectoacc] 12/1/2022 14:37:20

JMAT takes some believing. So they can't even give away the batteries division, and will be taking an extra £150m hit to close it down.

Meanwhile, they've been spending shareholders' money on buybacks 60p higher.

[hatfullofsky] 30/12/2021 07:47:45

Miners experiment with hydrogen to power giant trucks https://www.bbc.co.uk/news/business-59576867Anglo is developing the truck along with partners Engie, NPROXX, First Mode, Williams Advanced Engineering, Ballard, ABB, Nel and Plug Power.Plug Power are in partnership with JM

[timothyo6] 21/12/2021 16:56:33

I thought you were going to say Battery planes will never take off

[pogue] 19/12/2021 10:05:50

Pierre
hydrogen is the only option for vehicles that are not cars. JCB have signed a long term contract with an Australian company to provide hydrogen, in the form of ammonia I would expect, as they have researched battery power and cannot make it work other large pieces of equipment will be the same I suggest. Battery planes are never going to be an option whereas ammonia ones will be. Add in the problem with intermittent renewables operating at times they are not needed and needing some way to store that energy, batteries are not very useful on a large scale for storage, and hydrogen (in the form of ammonia) is the ideal way.
Regards JM they are doing the only thing they can and moving away from non core and focusing on the new energy revolution short term could be rocky long term should win out, they really need to get more focused as well on one sector there are large internal cost savings to be made there from what I see.

[pierre oreilly] 18/12/2021 19:25:28

Pogue, I would draw a distinction within renewables. We have dispatchable renewables (which are god's gift to mankind) and intermittent renewables (which aren't). In the first group there are things like hydro, pumped hydro and at a stretch, hydrogen. In the second group we have wind and solar. In the middle are things like tidal which are disptachable due to the knowledge of when they can produce energy. It's pretty clear that intermittent renewables can only possibly exist with government backing by various mens (direct subsidies, market bending to prioritise them, obligations on others, free service delivery from others etc etc). Basiclly, they are a good investment until the government position changes, which it will imv. The cost pushed onto the taxpayer and bill payer is unsustainable.

I have a slug in sse who are about to build 12GW of windmills. Should be ok for at least a year, but the situation will change soon after imv, so i'll dump them at the latest in several months time. A change in gov policy could render intermittent assets pretty worthless.

otoh, dispatchable renewables like hydro and to a lesser extent pumped hydro are really valuable assets and always will be. Hydrogen, imv, is overhyped. Toyota have recently gone battery electric - something for years they said hydrogen fuel cells were superior to. I think the reality they were missing out on bevs while concentrating on hydrogen has really hit home. It's a difficult thing to handle and imv, a hydrogen infrastructure for cars will never come about, although there are plenty of other niche uses for pem fuel cells.

jmat is quality. It just needs something (which i like) to home in on to exploit its considerable expertise in many areas for me to reinvest. The price does look cheap atm yhough.

[drew lonmenob] 18/12/2021 12:48:59

Minerve (vermin) recovering from his losses with Neil Woodford. Serial loser.

[pogue] 18/12/2021 12:20:29

Pierre
they are going into hydrogen cells and focusing more on anything in the renewables sphere like their platinum metals refinery etc. Will take a time to turn around though its a supertanker not a whippet they seem to have the right idea though.

[pogue] 17/12/2021 12:35:16

Stutes
JM is repositioning itself in the rapidly expanding renewables sector and getting rid of non core business what would you like them to do? Keep being a lumbering multinational with no focus and miss the biggest market out there for the next 20+ years?

[stutes] 17/12/2021 08:37:03

hxxps://www.cityam.com/johnson-matthey-to-sell-health-division-for-325m/

JM is simplifying its structure, however, the money raised needs to go towards recreating JM for the future. The next question is in offloading two usiness units did JM sell some silverware that will come to haunt shareholders in the future?

[professor john koestler] 15/12/2021 10:50:42

They have lost the head of the catalytic converter unit but the strategy is well defined and doesn't necessarily need much tweaking. Regulations will still allow pricing to be strong in this area in my opinion and combustion engined vehicles will still be sold for a long time. If we assume their expectation of £4Bn in free cash flow from this division over 10 years is correct and assume equal cash flow over the 10 years then that is roughly £2.46Bn present value (discounted at 10%). That means that well over half the current market cap could be bought back on a current valuation already discounting transition to electric in Clean Air. If they bought this back it would leave a a market cap of £1.373Bn for their Efficient Natural Resources (forgetting the other divisions) that delivered operating profit of £268m in the last full year: That is an operating earnings yield of 19.53% on a division itself that has strong competitive advantages and pricing power IMO and we haven't even started to think about what happens to the health division or new initiatives in blue, pink and green hydrogen etc.. I think it is currently well undervalued and would like to hear from others on my comments and their thoughts on valuation.

[officerdigby] 15/12/2021 09:37:51

CEO still doing a job. But agreed new one needs to come in to see new strategy.

[stutes] 15/12/2021 09:12:41

The share price is currently below £20, the Company have lost its CEO & director running the catalytic converter unit, the new CEO starts in Q1 of 2022. It looks like a recipe for the City to drive the price down more without any risk to themselves?

Will JM reinvent itself or be broken up - time will be the judge.

[pol123] 14/12/2021 21:50:26

is this BB for discussing JMAT, or some political bickering thread

[drew lonmenob] 14/12/2021 13:08:31

hahahahahaha oh the irony

[professor john koestler] 14/12/2021 13:03:02

There is no 'we' it is just you. Speak to your nurse. Adjust your medication.