Johnson Matthey Share Discussion Threads

[nosob sggih] 13/1/2014 16:29

MIATA I see you are pumping just about every FTSE company. do you have any that you don't like?

[miata] 13/1/2014 16:02

A high growth share continuing it's steady ascent into the 4000s.
Shorter term target 3650p.

13-Jan-14 Deutsche Buy 3,371.00p 3,650.00p 3,650.00p

Year End Revenue£m Pre-tax£m EPS P/E PEG EPS Grth. Div Yield
31-Mar-14 2,973.89 413.60 165.18p 20.0 2.0 +10% 64.58p 2.0%
31-Mar-15 3,351.68 457.87 182.70p 18.1 1.7 +11% 71.39p 2.2%
31-Mar-16 3,627.79 522.21 207.47p 16.0 1.2 +14% 79.92p 2.4%

[nosob sggih] 13/1/2014 15:35

a gamblers share at these levels imv

[nosob sggih] 13/1/2014 15:28

short? that would be very dangerous. certainly not long. this looks like a bubble imv. just look at the yield

[broadwood] 13/1/2014 15:09

Relentless - all time highs.

Still short nosob?

[miata] 25/11/2013 08:37

High 3323.

[broadwood] 22/11/2013 06:56

I like that target price.


Deutsche Bank Johnson Matthey PLC 22/11/2013
Retains
Buy Buy 0 3,050.00 3,650.00 3,210.00 600 2

[nosob sggih] 21/11/2013 18:56

smithim1311, thanks for your post. looks like a smart move to cash is some chips. always interested to get your views

[nosob sggih] 21/11/2013 18:51

the correct number is 1486.3

[miata] 21/11/2013 17:18

Six months ended 30th September 2013
Revenue from external customers
1,414.9 Emission Control Technologies
__288.5 Process Technologies
4,489.2 Precious Metal Products
__182.1 Fine Chemicals
___35.8 New Businesses
-------
6,410.5
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[smithim1311] 21/11/2013 17:08

Look Higgs, please just admit you called it wrong, there's a good chap. As mentioned previously, I work in a division of JMAT that supplies the raw PGMs for doping onto the catalysts, and we can't keep up with the demand from our Autocat plant in Macedonia. There has been a significant upturn in the last 3 months, and that demand remains.

Having said that, I did sell a few today because I think the rise is now overdone........

[nosob sggih] 21/11/2013 16:52

that is not the true revenue

[broadwood] 21/11/2013 16:17

Shares in speciality chemicals company Johnson Matthey leapt to the top of the leaderboard after it reported a robust set of half-year results, powered by a strong performance in Emission Control Technologies ahead of new European legislation and good demand for Process Technologies' products.

The group, which manufactures catalysts to control car emissions, said underlying pre-tax profit rose 13% to £212.9m for the six months ended September 30th on revenue that surged 31% to £6.4bn.

[nosob sggih] 21/11/2013 15:34

what? the fools buying at this level will live to regret it imo

[broadwood] 21/11/2013 15:31

Getting desperate higgs? Sounds like it.

[nosob sggih] 21/11/2013 13:39

reminiscent of 2007

[malcontent] 21/11/2013 13:22

Sheer Logical Power....

i like this company so i bought more this morning

[miata] 21/11/2013 13:20

JP Morgan raises price target to 4040p from 4000p; rating overweight.

[nosob sggih] 21/11/2013 13:00

ftalphaville

Since April 2013 Johnson Matthey shares have outperformed the
sector by close to 25%, despite consensus 2014 EPS increasing by approximately 5%.

Outlook for 2014 – let's not get carried away after a strong H1 2014: Management
shifted its full-year outlook, stating that "if the impact of the loss of the Anglo Platinum
contracts is excluded, performance in the second half will be in line with that of the first
six months". Offsetting the losses from the Anglo Platinum contract is the increase in
HDD demand as European truck legislation is introduced, although there may have been
some pre-buying in the first half and any pre-buying associated with Euro VIb legislation
which starts in September 2014. In February 2013 the companies stated that the impact of
losing the Anglo Platinum contract would be in region of EUR35m at the operating profit
line (see Short-term risk removed, but auto market still key, 15 February 2013). This
implies the impact in 2014 would be approximately GBP9m (one quarter of the
annualised impact). If we assume that H2 2014 pre-tax profit is in line with H1 2014, this
would imply a pre-tax profit of around GBP404m. With the impact from the Anglo
Platinum contract this would then fall to approximately GBP395m, roughly in line with
Vara consensus (GBP396m) and HSBC forecast of GBP398m

[nosob sggih] 21/11/2013 10:56

can you show us the math?

[zulu001] 21/11/2013 10:31

Yes the second half is upgraded and the shares are rising in consequence.

Elementary math shows if the first half exceeded expectations and is up 13% and "the second half will be in line with that of the first six months" that is an upgrade on expectations.

[nosob sggih] 21/11/2013 10:22

yes you do wonder. actually the second half is down if you include the lost anglo contract.