JOHNSON MATTHEY (JMAT) – Materials Price: £19.92 -4.6% P/E: 14.5x Market Cap: £3.35bn Yield: 3.8% Sadly, Johnson Matthey’s results for the half-year to the end of September are a bit of a mess, as it tries to account for the ever-changing shape of the group, which has obscured good underlying progress. Reported operating profit is … Continue reading Johnson Matthey update falls flat