Johnson Matthey Share Discussion Threads

[nosob sggih] 04/9/2013 09:12

you must be joking. these remind me of the tech bubble. 90% downside when it burst

[broadwood] 03/9/2013 15:58

nosob - havn't you bought any yet? He who hesitates and all that ...

[miata] 03/9/2013 15:28

As platinum prices rise.

[nosob sggih] 03/9/2013 10:33

shares are at all time high. up 15% since the trading news in july

[nosob sggih] 03/9/2013 10:32

this valuation doesn't make any sense. look at the trading news in july


Looking ahead, demand for the group's products is steady although performance in the second quarter of 2013/14 is currently anticipated to be slightly down on the first quarter, primarily due to planned summer shutdowns in the automotive industry. Our guidance for the year as a whole remains unchanged; we expect that the group will make steady progress in 2013/14 notwithstanding the loss of revenue from Anglo Platinum from 1st January 2014."

[miata] 23/8/2013 15:06

Broker forecasts 2015
.............Current..monthago..3monthsago
31-Mar-2015..180.34p..179.96p...168.07p

Forecasts
Year End Revenue£m Pretax ..EPS....P/E.PEG.EPSGrth.Div
31-Mar-14 3,937.27 409.03 161.48p 17.4 2.3 +8% 63.90p
31-Mar-15 4,152.79 453.99 180.34p 15.6 1.3 +12% 70.99p

[nosob sggih] 23/8/2013 14:45

it appears to be all based on hope. why are brokers not increasing their forecasts? ive seen no movement in consensus for months

[broadwood] 23/8/2013 14:33

Don't talk about it, do it then.

I'll stay long and happy riding on the back of the strong car markets.

Stick to physics?

[nosob sggih] 23/8/2013 14:23

this is looking silly given the poor final results and profits warnings early in the year. could be worth a short?

[nosob sggih] 16/8/2013 16:13

and down it goes. very risky

[nosob sggih] 16/8/2013 08:29

2950 is that all they can manage? must be a sell then

[broadwood] 16/8/2013 07:31

Bank of America Merrill Lynch Johnson Matthey PLC 16/08/2013
Reiterates
Buy Buy 0 2,950.00 2,950.00 2,792.00 0 2

[nosob sggih] 26/7/2013 10:45

consensus numbers have moved little as far as I can tell . so the ratings have expanded

[nosob sggih] 26/7/2013 10:02

stock has gone up nearly 30% in 4 months . as far as I can tell 2015 consensus numbers are little changed

[phoenix1234] 26/7/2013 08:42

Johnson Matthey a sell at 2758p

[miata] 25/7/2013 16:42

I perceive it as a leader in clean air, clean energy and low carbon technologies whose principal activity is producing catalysts rather than as a cyclical chemical company.

[nosob sggih] 25/7/2013 16:18

PE ratio of 17 and a thin 2% yield looks risky for a cyclical chemicals company with lots of debts

[miata] 25/7/2013 16:13

Note that new emission standards have led to strong demand for heavy duty diesel catalysts (sales up 15%).

[miata] 25/7/2013 16:11

The performance of Process Technologies in the quarter was boosted by the acquisition of Formox which was completed at the end of last year. The division's sales were 19% ahead at GBP144 million (Q1 2012/13 GBP121 million) and operating profit was significantly higher than last year. If Formox is excluded, overall sales growth was still good, at 9%, with strong growth in methanol catalysts sales offsetting an expected modest reduction in licence income.

[nosob sggih] 25/7/2013 16:05

i think you will find those numbers include acquisitions, so not so impressive. quite a lot of debt too

[miata] 25/7/2013 15:50

I would think the good performance and guidance that they will will make steady progress in 2013/14 justifies a higher share price. Nevertheless the platinum price will be a major factor.


"Performance in the first quarter of 2013/14 across the group has been good. Sales excluding precious metals (sales) were up 13% at GBP745 million with growth across all of the divisions. The group's underlying operating profit grew by 10% to GBP116.1 million (Q1 2012/13 restated GBP105.6 million). Underlying profit before tax was 8% ahead at GBP106.0 million (Q1 2012/13 restated GBP98.2 million).

25 Jul 2013 Johnson Matthey PLC JMAT Liberum Capital Buy 2,763.00 2,803.00 3,000.00 3,000.00

[nosob sggih] 25/7/2013 15:26

i would think disappointing with unchanged guidance. the shares near record highs, these surely need very big upgrades to justify the share price ...