gamesinvestor
01 Sep 2017
Re: Sold some more sold outThe trend is still down and I'll take the profit I have, as it's not a share I want long term, and it reduces my number of shares to a little more manageble lot and increases my cash pile to now 23.43%Brokers have an uprating on it and they might be right, but I've since stopped taking any of their judgements.Games -- Onward and upwards with Abcam, that's two sold this week. Circassia next?
Our Haven
01 Sep 2017
Re: Sold some more These only make up 1.27% of my stack which I have held on to. Like you it is still at a profit, around 40% but the general direction is for them to drift downwards as they fail to keep up in the R&D stakes I will have to think hard about the timing to fully exit. Up a bit today!
gamesinvestor
01 Sep 2017
Sold some more Reduced my exposure down to 1.56% of my wad and unure what's holding me back from clearing the rest.All at a profit so far, is there a solid case for holding the rest.I'm less and less convinced each day :-This article makes the case even harder for JMAT :-[link]
dog-with-fleas
21 Aug 2017
Re: Umicore - NMC (JMAT LFP) At the end of the day, this company has had a very reliable cash cow and a very good one at that for many years and probably years to come. The said, the sad news is that as there is only one of these babies which itself is now under threat from the imminent revolution in the auto industry. The company has been very slow to act and position itself longer term. There is no batteries business worthy of note and fuel cells developments should be an embarrassment to the board. The company is in the midst of a restructure recognising it has strategic failings and a disconnect with the markets where it is lagging behind its competitors. I've always maintained that the problem with this company is in the senior management/boardroom which hitherto has hardly changed. I had a test drive of a BMW I3 recently. Although not quite the babe magnet for twentysomethings from the outside the drive was remarkably quiet and extremely rapid. At £32k retail (with government subsidies) and 120 miles between recharges makes this revolution in the auto-industry a reality, and one that JM does not seem part of.
LK Hyman
17 Aug 2017
Re: Umicore - NMC (JMAT LFP) Games,"You selling out in tranches or plan to clear the decks this week?"I sold the biggest tranche some months ago whenever I posted that I'd sold some. There's not much left now and it'll all go in one (fairly small) final tranche. I shall be sorry to see it go because I've always admired JMAT and I shall be sorry to leave the share register for good, but I feel it's the right thing to do.LKH on the flybridge
gamesinvestor
17 Aug 2017
Re: Umicore - NMC (JMAT LFP) LK - You selling out in tranches or plan to clear the decks this week?I expect you to pick some holes in my stock list, generously posted on the DGE board -- not the Eve bit I mean.Games
LK Hyman
17 Aug 2017
Re: Umicore - NMC (JMAT LFP) Games,"it's had the battery (new business) division up and running for a long time and it's going nowhere as far as I can see."I tend to agree. It's had its fuel cell division up and running for a lot longer and that's not going anywhere either.Yeah, JMAT is heavily dependent on its exhaust pipe widgets and, although the demand may not fall away quite as quickly as the recent share price weakness suggests, I'm in the process of selling every JMAT share I own.It's a fine company with some fascinating products unrelated to exhaust pipes ... such as Bitrex and various powerful opiates ... but it's hard to see much in the way of growth so long as exhaust catalysts are such a large part of its biznay.It's also a company ... a bit like QinetiQ ... that gives the impression that its white-coated scientists are much keener on spending their days hunched over a tray of chemical juices with a pipette in one hand than on working to maximise the only thing that matters namelyLKH on the flybridge's divis
gamesinvestor
17 Aug 2017
Re: Umicore - NMC (JMAT LFP) Marcher - I must have rushed out the post - or was having a flat day (iron).But it's interesting not to dismiss either approach. For the China market, it seems that JMAT is not that well positioned, and that's where more than half the sales are.I'm thinking that if this recovery in JMAT runs and the upgrade has legs I will exit at a higher point, as I think there isn't a good long term future for JMAT as it's so dependent on internal combustion. JMAT doesn't seem to be making any real progress in battery technology and electric vehicles are going to take off a lot faster than people assume, in my view.Electric vehicles seem to be the iPhone to Nokia moment for JMAT -- and it's no good waiting until Electric vehicles hit 10% or more of all new vehicles sold, as the damage will be done by then and you'll be too late to get out I suspect.Games - could be wrong and JMAT has something up it's sleeve, but it's had the battery (new business) division up and running for a long time and it's going nowhere as far as I can see.
marcher
17 Aug 2017
Re: Umicore - NMC (JMAT LFP) GI,just seen your informative post from 11 August.I wasn't aware of Umicore. They could be a candidate for my portfolio!I hope you won't accuse me of nit-picking but there were a couple of typos in your post.NMC is Nickel Manganese Cobalt (not Cadmium)LFP is Lithium Iron (not ion) Phosphate.There is a good comparison of these technologies on the JMAT site.[link] NMC has greater energy density (capacity) it has lower power density (current) than LFP.Also it appears that the LFP type is less susceptible to thermal runaway.It seems that there may be more than one horse to back!marcher
gamesinvestor
17 Aug 2017
Finally This looks like the reason for the jump :-[link]
marcher
17 Aug 2017
Re: 3.26% GI,Agree that raw material cost will increase but guess that this is small compared with JMAT processing costs.Also the increased demand should hopefully mean higher turnover/profits for JMAT.marcher
gamesinvestor
17 Aug 2017
Re: 3.26% marcher - well spotted.But wouldn't rising Palladium prices be a bad thing for JMAT, given that it would increase the manufacturing cost of their main business (70+% of it) for Catalytic Converters?Games
marcher
17 Aug 2017
Re: 3.26% Possible reason for rise?[link]
oldwheels
17 Aug 2017
Re: 3.26% Took a while to find, Bernstein have upgraded their forecast to Outperform from Market Perform.
Our Haven
17 Aug 2017
Re: 3.26% Gamesinvestor, I have looked and cannot find anything. Volumes a little above average so not much steer there. Moving away from ex div date? Another special div possible? Your guess please because that's all mine are.
