JMAT has introduced a new format called a ‘pre-close trading update’ just a few days after the financial year end. It looks like something between preliminary figures and consensus, strongly referring to the latter and being accompanied by some lengthy writing. We are still struggling with the point of it.
However, the key message of the update was: 2020 was not so bad and figures should be expected at the upper end of market expectations. This would also be above our expectations.
10 Apr 2021
Finally, a good ending
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Finally, a good ending
Johnson Matthey Plc (JMAT:LON) | 1,767 -335.7 (-1.1%) | Mkt Cap: 3,242m
- Published:
10 Apr 2021 -
Author:
Martin Schnee -
Pages:
3
JMAT has introduced a new format called a ‘pre-close trading update’ just a few days after the financial year end. It looks like something between preliminary figures and consensus, strongly referring to the latter and being accompanied by some lengthy writing. We are still struggling with the point of it.
However, the key message of the update was: 2020 was not so bad and figures should be expected at the upper end of market expectations. This would also be above our expectations.