UK 08:32 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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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