Johnson Matthey Share Discussion Threads

[debbiegee] 19/7/2011 14:27

Well done,I so nearly joint you this morning as it really did seem a no brainer longterm or daytrade but was afraid of the ftse.

[miata] 19/7/2011 09:42

Sales and profits at Johnson Matthey both registered double-digit percentage gains in the first quarter of the platinum refiner's fiscal year.

"Johnson Matthey has made further good progress in the first quarter of 2011/12 with sales excluding precious metals (sales) up 12% to £617 million. Underlying profit before tax increased by 19% to £98.2 million, benefiting principally from higher demand for our products and operational leverage," said chairman Sir John Banham.

The group's net debt at the end of June stood £125.6m lower at £513.8m than it was at the end of March.

Banham said the Environmental Technologies Division continued to perform well with sales in the quarter up 14% on a year earlier at £414m, with a similar improvement in operating profit.

The Precious Metals Division grew sales by 6% from a year earlier to £150m but the increase in operating profit was "substantially higher" thanks to operating leverage and a change in the product mix.

The Fine Chemicals division saw sales rise 15% to £70m, promoting "good growth" in operating profit.

"The outlook for the second quarter of 2011/12 is good and as a result the group's performance in the first half of the year is expected to be significantly ahead of the same period in 2010/11. We currently anticipate that our good start to 2011/12 will be maintained throughout the year," Banham said.

[miata] 10/6/2011 11:56

Merrill raises forecasts.

[miata] 03/6/2011 09:16

Jeremy Batstone-Carr, an analyst at broker Charles Stanley downgraded his rating on the shares to "hold" following the results. "We view the scope for estimate upgrades as limited," he said.

[miata] 03/6/2011 09:13

JP Morgan raised its price target for Johnson Matthey to £22.25 from £22, giving it an 'overweight' rating after the firm posted a 14% increase in annual profits.

Deutsche Bank hiked its price target for Johnson Matthey to £23.65 from £22.50.

Shares in Johnson Matthey, which through its exposure to car production, coal and gas use and power generation is heavily tied to further progress for the world economy, are on 15 times' this year's earnings and 13 times' next. This can only be justified by a rosy outlook for industrial production, while recent macro-economic indicators have not been that positive. Hold, says the Times.

[broadwood] 03/6/2011 07:38

Should go well today. Lots of Broker TP increases.

[broadwood] 02/6/2011 17:45

Catalytic converter maker and precious metal refiner Johnson Matthey today showed it reaped the rewards of a recovery in vehicle sales and higher metal prices with a 14% jump in profits.

Revenues climbed 27% to £10 billion in the year to the end of March, pushing pre-tax profits up to £260.6 million, compared with £228.5 million a year earlier. However, shares in the FTSE 100-listed company fell 53p to 2028p as it warned it is suffering from the rising cost of rare earth, which is used in catalyst production. Johnson Matthey also predicted that the Japanese earthquake would hit car production in the first half of the year, although it believes production will bounce back in the second half.

The total dividend is up 18% this year, with a final shareholder payout of 33½p.

[miata] 02/6/2011 10:19

Underlying profits before tax were £345.5m, up 36% from £254.1m the year before. Market expectations were for adjusted profits of £334.6m.

Final dividend of 33.5 pence which, together with the interim dividend of 12.5 pence, gives a total dividend for the year of 46.0 pence (2009/10 39.0 pence).

At this level, the dividend would be covered by underlying earnings per share 2.6 times, up from 2.2 times last year.

Subject to approval by shareholders, the final dividend will be paid on 2nd August 2011 to ordinary shareholders on the register as at 10th June 2011, with an ex-dividend date of 8th June 2011.

[broadwood] 02/6/2011 08:38

I'm anticipating an Upgrade from Goldman

[miata] 02/2/2011 12:33

Johnson Matthey said its underlying performance for the full year is expected to be slightly ahead of previous company expectations after third quarter profit rose by 34%.



2011

2nd June Announcement of results for the year ending 31st March 2011

8th June Ex dividend date

10th June Final dividend record date

19th July 120th Annual General Meeting (AGM)

2nd August Payment of final dividend subject to declaration at the AGM

[miata] 14/1/2011 09:27

Palladium may extend a rally this year as surging car sales in China boost demand, while supply from top exporter Russia drops as stockpiles fall, according to the head of commodity trading in Japan at Standard Bank Plc.

The metal, used in pollution-control devices, may reach $1,000 an ounce for the first time since 2001, when the price jumped to an all-time high of $1,125, said Bruce Ikemizu, who's traded commodities for more than 24 years. Palladium, also used for electronic components and jewelry, traded at $806 today.

Precious metals have advanced as the European Union bailed out Greece and Ireland, prompting investors to seek a haven against weaker currencies and financial turmoil. Last year gold rallied 30 percent, silver 83 percent, platinum 21 percent and palladium almost doubled as the Federal Reserve kept borrowing costs low and bought bonds to boost growth.

"Car sales expansion will boost palladium as the industry is the biggest consumer," Ikemizu said in a Jan. 12 interview in Tokyo. "Supply may become unstable as stockpiles of the metal held by the Russian government may have almost depleted."

Immediate-delivery palladium touched $823.95 an ounce yesterday, the highest level since March 2001. The metal, which has quadrupled in the past two years, advanced as the global economy recovered from recession, boosting industrial demand.

Bullish Calls

Ikemizu's bullish forecast echoes calls from Credit Suisse Group AG and Deutsche Bank AG. Palladium may rise to $1,200 an ounce in 2013, Credit Suisse Group AG said in a Jan. 12 report, citing increased demand. The price may reach $1,000 an ounce by the fourth quarter of this year and $1,450 by the end of 2012, Deutsche Bank said in a Jan. 11 outlook.

The metal will extend its rally as a recovery in U.S. vehicle sales adds to continued expansions in emerging markets, boosting demand amid the uncertainty about Russian shipments, Ikemizu said. The metal is used mainly to clean exhausts from gasoline-powered vehicles. China's vehicle sales will grow 10 percent to 15 percent this year after jumping 32 percent to 18.06 million vehicles in 2010, the China Association of Automobile Manufacturers forecast. The country is the world's biggest auto market.

[miata] 14/1/2011 09:25

Cut to "hold" from "buy" at RBS whose analysts believe the stock is now fairly valued.

[miata] 17/12/2010 09:04

Low volume squeeze into OpEx.

[nellie1973] 06/12/2010 11:41

Another Broker upgrade-BUY

[miata] 04/12/2010 10:07

Liberum Capital raised its price target for the company from £20 to £25 and lifted its long-term earnings forecasts to around 10pc above consensus.

[nellie1973] 01/12/2010 10:19

Broker upgrade today

[nellie1973] 25/11/2010 19:22

Tipped in press today

[miata] 03/6/2010 11:42

Johnson Matthey upbeat on H1 after in line FY results

The specialty chemicals company expects underlying pretax profit in the current first half to be significantly higher than the year-earlier period, but said the second half is harder to predict.

[miata] 03/6/2010 11:38

Final dividend of 27.9 pence, making a total dividend for the year of 39.0 pence, 5% up on last year reflecting the long term prospects for the group.

[barniebear2] 03/6/2010 07:58

Verry "Poor" results imo

[miata] 17/3/2010 13:50

Goldman
We remain overweight commodities and continue to believe that upside is
greatest this year for crude, copper, corn and platinum.

[robson1974] 16/3/2010 21:40

I have started a Fuel Cell Sector and Stock thread for comparing and contrasting the valuation of the various companies, please drop in...i have added some links to research in the header, if you have any other decent links please suggest on thread and I will add the good ones to the header