Johnson Matthey Share Discussion Threads

[puffintickler] 26/11/2015 11:52

I bought this share on 3rd November as a steady eddie share.

Been more like a rollercoaster so far.

But not complaining now.

[broadwood] 25/11/2015 12:06

Continuing the rebound on that strong statement - but still some way to go imo.

[broadwood] 19/11/2015 19:08

Johnson Matthey surged to the top of the FTSE 100 after the specialty chemicals firm declared a special dividend as it posted a rise in first half revenue. Underlying revenue was up 20% on the same period last year to £5.76bn and the company declared an interim dividend of 19.5p per share, up 5%, as well as a special dividend of 150p per share following the £305m sale of its research chemicals business and gold and silver refineries

[broadwood] 19/11/2015 09:50

Crikey. Vertigo territory.

Actually, it has a lot of catching up to do.

[broadwood] 19/11/2015 08:28

Steady sailing was the theme for Johnson Matthey on Thursday morning, as it released its half-year results to 30 September 2015.
Underlying revenue at the specialty chemicals firm was up 20% on the previous period, to £5.755bn, with sales up 5% to £1.588bn.

The company's underlying profit before tax, however, was down 4% to £2.083bn.

In its report, Johnson Matthey pointed to strong growth in its emission control technologies business, but tough conditions in process technologies and precious metal products.

The company's platinum group metal business was especially impacted as a result of a more than 20% decline in average platinum prices.

Chief exective Robert MacLeod remained optimistic.

"Despite the current environment of low platinum group metal and oil prices, and the more muted outlook in the chemicals markets that we supply, we expect the underlying performance of the group's continuing businesses4 in 2015/16 to be similar to 2014/15", he said.

"The full year outlook for the group is in line with current market expectations."

Johnson Matthey said it will work to shore up its struggling businesses through a cost reduction programme, and indicated an anticipated £30m cost saving by the end of the fourth quarter.

"Johnson Matthey remains well placed to benefit from major global sustainability drivers such as the continued drive to improve air quality, energy security, urbanisation and the increasing need for healthcare", MacLeod said.

"The restructuring actions we are taking in the second half will benefit the group's results towards the end of our financial year and this, together with attractive key end markets, position the group to return to growth in 2016/17."

Investors will be looking forward to an interim dividend of 19.5p per share, up 5%, as well as a special dividend of 150p per share following the £305m sale of its research chemicals business and gold and silver refineries

[gbb483] 10/6/2015 18:57

Ex Div tomorrow, so we'll see a drop of 50p on the open

[slacker22] 26/4/2015 01:13

Solid business. Oodles of value beyond its keynote sectors. This is a British BASF/Du Pont. Long term holding. Expecting circa 10-15% in the near term.

Slack

[loftus16] 25/4/2015 18:21

I like it too.

[slacker22] 25/4/2015 17:40

I like it.

[friars3] 24/3/2015 19:26

Is there anyone out there

[evianone] 28/1/2015 12:48

gbb483, looks overdone purchased some mid morning so far so good, lets see what the dow does!!

[gbb483] 28/1/2015 08:28

As per normal, a reasonable interim report is met with a collapse in the share price. Who do the MMs think they're kidding?

[loftus16] 20/11/2014 10:20

Another solid performance despite metals and good increase in the interim dividend.

[broadwood] 20/11/2014 09:07

StockMarketWire.com - Johnson Matthey's underlying pre-tax profits rose by 2% to £216.4m in the six months to the end of September - up 10% at constant exchange rates.

Sales excluding precious metals increased by 2% to £1.5bn; at constant exchange rates and adjusting for loss of commission income from Anglo American Platinum Limited (Anglo Platinum) the group's sales grew by 10%.

First half revenues fell by 25% to £4,800m - 22% down at constant rates.

Chief executive Robert MacLeod said: "I am pleased to report that Johnson Matthey continued to make good progress in the first half of 2014/15, particularly in Emission Control Technologies. The group's sales were up by 2% and were 10% ahead if the impact of the change in our contracts with Anglo Platinum and foreign currency translation are excluded. Underlying earnings per share grew by 4% and the interim dividend of 18.5 pence is 9% ahead of last year. We have also taken further steps in our strategy to establish new businesses in areas that align with our technology competences.

"The group's results in the first half of 2014/15 were in line with our expectations. In the second half we expect good underlying growth compared to the same period last year. However, this will be partly offset by the impact of the loss of commission income from Anglo Platinum in the third quarter. If current exchange rates prevail, foreign currency translation will not materially impact results in the second half. The group's performance in 2014/15 is expected to be slightly ahead of 2013/14."

[broadwood] 28/10/2014 07:26

Goldman Sachs Johnson Matthey PLC 28/10/2014
Reiterates
Conviction Buy Conviction Buy
0
3,980.00 3,980.00 2,868.00

[zulu001] 03/10/2014 08:21

03 Oct 2014 Johnson Matthey PLC JMAT Berenberg Buy 2,742.50 2,806.00 3,650.00 3,650.00

[zulu001] 01/10/2014 19:59

Review 30 day platinum price chart in header.

Platinum prices have fallen to the lowest since 5th October 2009.

Due to:
- low/negative growth in Europe and Japan (therefore less demand for cars)
- end of 5 month strike in South Africa which had kept prices high

About 38% of the world's platinum demand is from the automotive sector, primarily for diesel engines.

Lower platinum prices are likely to attract physical buyers of the metal from China, said Walter de Wet, an analyst at Standard Bank. "While it is still hard to call a bottom, we think the selloff has largely run its course," Mr. de Wet said.

[gbb483] 01/10/2014 16:08

Why the big drops over the last few days?

[broadwood] 17/9/2014 07:13

Berenberg Johnson Matthey PLC 17/09/2014
Upgrades
Hold Buy
2
2,900.00 3,650.00 3,100.00
750

2

[broadwood] 15/8/2014 15:15

Goldman Sachs Johnson Matthey PLC 15/08/2014
Upgrades
Neutral Conviction Buy
2
3,980.00 3,980.00 3,082.00
0

[zulu001] 25/6/2014 10:02

25 Jun 2014 Johnson Matthey PLC JMAT Deutsche Bank Buy 3,015.00 2,988.00 3,650.00 3,650.00 Reiterates

[emeraldzebra] 24/6/2014 13:52

many thanks Zulu.

[zulu001] 24/6/2014 10:21

The South African mine strike appears now to be ending but it is estimated that more than 1m ounces of mined platinum production has been lost this year, equivalent to nearly a fifth of world output in 2013. It will be several months before full production can be resumed.

Whilst car sales in the EU are rising, they are still lower than in 2012, and remain far below the peak years. That's really the problem for platinum.

[emeraldzebra] 24/6/2014 10:06

any views on what is causing present weakness please ?