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Johnson Matthey a sell at 2758 - uber excellent analyst Roger Bade

Tom Winnifrith
Friday 26 July 2013

The uber excellent mining analyst Roger Bade of Whitman Howard has today pointed out what seems blindingly obvious to me but apparently not to most of the other mining analysts in London: shares in Johnson Matthey (JMAT) at 2758p just look to be patently overvalued. In my humble opinion there has to be 20% downside.  But Bade is the expert and he writes:

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About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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