By Chris Bailey | Thursday 11 June 2020
Disclosure: I own shares in one or more of the stocks mentioned. 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.
I last wrote about Johnson Matthey (JMAT) in late March, since when unsurprisingly the share has made some solid progress (although clearly it remains heavily down year-to-date). Back in March I wrote about how the stock would be a member of my top five 'quality longer-term FTSE-100 constituents' on the basis of the range of 'typically high barrier to entry businesses (recycling and refining of precious metals, clean air and car emissions regulation focused, plus batteries and value-adding fine chemicals)'. Well that is all fine and dandy but - as today's full year to 31st March numbers show - it does not preclude profits getting a whack...